Sen. Jeff Sessions to Janet Yellen: The Stimulus Has Failed American Workers

Sessions: Fed Stimulus Has Failed American Workers (Washington Free Beacon)

Sen. Jeff Sessions (R., Ala.) on Thursday argued the U.S. government and Federal Reserve needs to rid itself of “stimulus policies” in order to ensure a strong foundation for America’s economy.

“Like the foundation of a home, America’s economy must be built on something real, something solid, and something firmly planted. Neither federal stimulus in the form of easy money, nor fiscal stimulus in the form of government borrowing, can produce real, lasting prosperity or a sound financial future,” Sessions told the Senate Budget Committee.

“While the stimulus mindset in Washington has at least, so far, been better for the investor class and the political class, it has not been good for the working class. Not only has this stimulus failed American workers, but it has left us with record debt and an economy dependent on unprecedented policies that cannot continue,” Sessions continued.