Ryan says stimulus money was ‘wasted,’ but studies show that it worked

Updated
 

In his convention speech, Paul Ryan criticized President Obama for his 2009 economic stimulus, which Ryan says was “ was borrowed, spent, and wasted” by the federal government. 

Ryan himself asked for stimulus money for his district. But in his speech he called it “a case of political patronage, corporate welfare, and cronyism at their worst.”

“What did taxpayers get out of the Obama stimulus?” he continued. “More debt. That money wasn’t just spent and wasted. It was borrowed spent and wasted.”

But studies, including one from the non-partisan Congressional Budget Office, have shown that the stimulus did, in fact, help the economy, and that without it, job losses would have been greater and economic growth weaker.

 

Paul Ryan, Stimulus and Barack Obama

Ryan says stimulus money was 'wasted,' but studies show that it worked

Updated