Michelle Malkin will join AFP at rally as Obama signs stimulus bill today

DENVER—As President Barack Obama travels to Denver to sign a trillion dollar debt package, Americans for Prosperity, joined with Independence Institute, Coalition for a Conservative Majority and other organizations, will protest with Michelle Malkin and hundreds of concerned citizens to tell Obama, “You don’t know stimulus.”

“This package is weak on stimulus and heavy on paybacks to special interest groups,” said Jim Pfaff, state director for American for Prosperity. “This bill takes money from current and future taxpayers, shifting it to special interests and promising a return on investment. But it will have little if any positive effect. It’s a lot like a Ponzi scheme. Bernie Madoff’s scheme dwarfs in comparison to this massive stimulus scam.”

Nearly 500,000 activists all over the country signed a petition against this stimulus package at Americans for Prosperity’s website, www.NoStimulus.com, in the days prior to the final vote in Congress.

“There are positive ways to address the current economic downturn, but the so-called “Stimulus Package does not do it,” said Pfaff. “The so-called “Stimulus Package” is being sold to taxpayers as an investment in useful infrastructure like roads and bridges. But the facts prove otherwise. Only 3.6% of the scheme’s $787 billion price tag would actually go to real, practical infrastructure projects--roads and bridges. Most of the other 96.4% would go to special interest pet projects, and to cramming years’ worth of radical policy changes into the single largest spending and debt scheme in history.”

The stimulus plan Barack Obama plans to sign today will cost $1.2 trillion once interest payments are taken into account. The Heritage Foundation estimated that the overall cost of the plan could be as much as $3 trillion if the spending levels remain the same in future budgets. The stimulus plan also turns back important provisions of the 1996 Welfare Reform Act which was one of the most successful government reform plans in American history.

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