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Unemployment Claims Data Provide Another Painful Reminder that Democrats Promised Stimulus Would Deliver 3.5 Million Jobs But Only “Stimulated” 3.7 Million More Into Unemployment
Nov 19, 2009
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Washington, DC – In reaction to the unemployment claims data released today, Ways and Means Ranking Member Dave Camp (R-MI) noted that these statistics are “a painful reminder that the Democrats’ stimulus bill has failed to create jobs.”
“Unemployment rates and claims are not just statistics; the...
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Aren’t Jobs Part of the “American Economy,” Secretary Geithner?
Nov 19, 2009
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Treasury Secretary Timothy Geithner, in a hearing this morning on Capitol Hill, said “If you look at any measure of the strength and stability and health of the American economy…it is substantially stronger today than when the President of the United States took office.” That will come as a surpris...
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Pelosi's Economy- Nearly Three Years In
Nov 16, 2009
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During the 2006 campaign, then-House Democrat Leader Nancy Pelosi unabashedly stated that, “Democrats are proposing a New Direction for America.” As the table below shows, it turned out to be the wrong direction for American workers and families.
[i] Total non-farm employment in January 2007 ...
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Obama Misery Index (OMI) Continues Relentless Rise in October
Nov 10, 2009
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Due a sharp rise in the number of unemployed, reflected in the increase in the U.S. unemployment rate to 10.2%, the Obama Misery Index (OMI) continued its upward trend in October. The OMI measures the combined change in the public debt and unemployment since President Obama was inaugurated. Since Ja...
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Unemployment Rises to 10.2% As Another 190,000 American Jobs Lost in October
Nov 6, 2009
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CAMP: “Unfortunately, Mr. Vice President, your prediction that we had ‘hit bottom’ missed the mark.”
Washington, DC – The official jobs data release today shows the unemployment rate rose to 10.2 percent as 190,000 more jobs were eliminated last month. Since Democrats’ failed stimulus law took ef...
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She Said, He Said…Facts Say 3 Million Jobs LOST on the President's Watch
Oct 30, 2009
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Washington, DC -- While the Obama Administration desperately continues its attempts to hide the failure of the “stimulus” bill, Ways and Means Ranking Member Dave Camp (R-MI) today released a chart using data from the Bureau of Labor Statistics that shows over 3 million jobs have been lost since the...
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7 Months After Stimulus 49 of 50 States Have Lost Jobs
Oct 21, 2009
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The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 Stat...
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Stimulus for D.C., but Not for Thee!
Oct 20, 2009
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Last week the Obama Administration offered its first peek into where 2009 stimulus funds have been awarded, by state or territory. That data shows how stimulus funds awarded to date range from a low of $2 per capita in Puerto Rico, $7 per capita in Rhode Island, and $12 per capita in Michigan all t...
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Setting the Record Straight
Oct 9, 2009
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Exchange at the October 8, 2009
Ways and Means Subcommittee Hearing on the
Effectiveness of Democrats’ 2009 Stimulus Law
QUESTION: Rep. John Linder (R-GA), on the effectiveness of Democrats’ 2009 stimulus law:
"How’s it working so far ?”
ANSWER: Lawrence Mishel, Economic Policy I...
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Stimulus on Track to Meet Job Projection Goals – for Washington, D.C.
Oct 8, 2009
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The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through August 2009 (the latest state-by-state figures currently available). As this ...
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