Ryan Supported Stimulus, Unemployment Benefits in 2002
The Daily Banter Headline Grab (via TPM):
Rep. Paul Ryan is a vocal critic of President Obama’s stimulus bill. As one of the GOP’s most outspoken critics of government spending, he has not only argued that the stimulus did not work, but that the entire premise of deficit spending to jump-start the economy is flawed.
But in 2002, Ryan sang a different tune.
When President George W. Bush pushed a stimulus package in 2002 in order to shore up the staggering economy, Ryan urged his Republican House colleagues to pass the bill. In a floor speech dug up by MSNBC host Chris Hayes, Ryan made the case for deficit spending in order to extend unemployment benefits and stimulate job creation.
“What we’re trying to accomplish today with the passage of this third stimulus package is to create jobs and help the unemployed,” Ryan said. “What we’re trying to accomplish is to pass the kinds of legislation that when they’ve passed in the past have grown the economy and gotten people back to work.”