Stimulus: 3 Years Later

Stimulus: 3 Years Later

President Obama’s Stimulus Package Has Not Delivered The Jobs His White House Claimed It Would

 

5 Million Jobs Short Of White House Stimulus Claim

 

WHITE HOUSE REPORT: “Aggregate Effect of the Recovery Package on GDP and Jobs in 2010Q4 … With Stimulus … Payroll Employment: 137,550,000.” (Christina Romer & Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” P.4, 1/9/09)

 

·In Jan. 2012 payroll employment was 132,409,000. (U.S. Dept. Of Labor, “Employment, Hour, And Earnings From The Current Employment Statistics Survey (National),” Accessed 11/28/11)

 

428,000 jobs have been lost since the stimulus was signed (Feb. 2009 – Jan. 2012). (U.S. Dept. Of Labor, “Employment, Hour, And Earnings From The Current Employment Statistics Survey (National),” Accessed 11/28/11)

 

CBO: Unemployment ‘Will Remain Above 8 Percent Until 2014’

 

The unemployment rate has stood above 8% for 36 months (Feb. 2009 – Jan. 2012).  (“The Unemployment Situation – January 2012,” Bureau Of Labor Statistics, 2/3/12) ; (BLS, Accessed 1/24/12)

 

·“CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking for work for more than six months — referred to as the long-term unemployed — topped 40 percent in December 2009 and has remained above that level ever since.” (CBO Report, 2/16/12)

 

OLD STIMULUS CLAIM: Unemployment Won’t Exceed 8 Percent

 

WHITE HOUSE REPORT: Obama officials claimed that the “unemployment rate with… the recovery plan,” would not exceed 8 percent. (Christina Romer & Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” P.4, 1/9/09)

 

 

PRESIDENT OBAMA: “It’s a plan that will save or create up to 4 million jobs over the next two years.” (President Obama, Town Hall Meeting, Fort Myers, FL, 2/10/09)

 

VICE PRESIDENT BIDEN: In “18 months” stimulus will “create 3.5 million jobs … literally drop-kicks us out of this recession.” (Vice President Biden, Remarks At Recover Plan Implementation Meeting, The White House, 2/25/09)

 

·BIDEN: “In my wildest dreams, I never thought it would work this well.” (“Biden On Stimulus: ‘Never Thought It Would Work This Well,’” The Wall Street Journal, 9/24/09)

 

SEN. HARRY REID (D-NV): “This bill creates 3.5 million jobs.” (Sen. Reid, Press Conference, 2/11/09)

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

More in

20150302waldenataei_crop

Rep. Walden Addresses AEI on Future of U.S. Internet Policy

Steve FoleyMar 2, 2015
Screen Shot 2015-03-02 at 7.19.38 PM

Cost of Living About to Get Worse in California

Steve FoleyMar 2, 2015
bigstockphoto_health_care_reform_green_road__5632944

Patient CARE Act: Lowers Premiums, Improves Access, Reduces the Deficit

Steve FoleyMar 2, 2015
A bumper sticker is displayed at the Conservative Political Action conference in Washington

Heritage: We Haven’t Had a True Free Enterprise System for Decades

Steve FoleyMar 2, 2015
watch-netanyahu-live_crop

PM Netanyahu’s Address: A Watch Guide

Steve FoleyMar 2, 2015
15-0302 LAPD sm

BLACK MAN SHOT BY COPS: Get Out the Marshmallows, It’s Time to Burn LA to the Ground

Michael BeckerMar 2, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

February 2012
M T W T F S S
« Jan   Mar »
 12345
6789101112
13141516171819
20212223242526
272829  

Archives

Copyright © 2014 The Minority Report Network