Obama's Stimulus Worked

In a moment of honesty for a Republican, Virginia Governor Bob McDonnell admitted that President Obama's 2009 stimulus helped his state in the short term. That's what he told CNN's Candy Crowley.

McDonnell's admission is logical. The economic recession started under Republican President George W. Bush. In late 2008, things were so bad we were looking at the Great Depression, Part 2. In economic downturns, consumers don't spend. That causes companies to cut costs. That leads to high unemployment.

There is only one entity that is large enough to spend money in a recession or depression. It is the United States government. When the government spends money in a recession or depression, recovery takes place. Want a real life example? During the Great Depression of the 1930's, it looked like the Depression would go on for years. Then came the greatest government spending program in the history of the nation. WORLD WAR II. That government spending ended the Great Depression.

In February of 2009, President Barack Obama signed into law, his stimulus package. In the summer of 2009, because of Obama's Stimulus law, Bush's Great Recession was over.