1.9 million fewer Americans have jobs since the signing of Obama’s stimulus
Nearly one trillion dollar down the drain and what does America have to show for Obama and the Democrat’s 2009 ‘Stimulus’ bill? Nearly 2 million fewer Americans have jobs since the bill’s signing in February 2009. According to Obama’s ‘brilliant’ economist projections, we would be at an unemployment rate of 5.6% today if the stimulus did what they promised. Instead, money was wasted on stuff like studying cow farts, watch shrimps run on treadmills, etc.
Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.
In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.
While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.