Before the $800 billion stimulus bill was passed in 2009, Americans were told Congress must pass the bill immediately, without it, unemployment would surely rise above 8 percent. Today, after spending $800 billion, America's unemployment rate sits at 9.1 percent and 14 million people are out of work.
Despite history showing the rapid passing of bills results in unforeseen and damaging consequences, the White House is claiming if Congress doesn't pass Obama's latest "jobs" bill immediately, we risk falling into recession.
A top White House economic adviser says failure to pass President Barack Obama's jobs bill would raise the risk of a recession
Gene Sperling says that without the measures outlined in the president's nearly $450 billion bill, the economy faces the possibility of stalling or having a downturn. In an interview with The Associated Press, Sperling questioned why anyone would want to take that risk.
Reality check: Most Americans never felt like we got out of the first recession that started in late 2008. Big government policies have failed and President Obama increasing the publicly held debt by 23 percent in just three years isn't helping either.