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Obama 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)

 


About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

2 Responses to “Obama Stimulus: 3 Years Later”

  1. JACK LEE says:

    100% SCAM! Now all the leftover "Stimulus" funds are being reverted back to B.O.'s re-election coffers.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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