Obama’s Flaccid Stimulus

21 10 2009

12

On February 19, 2009, Obama signed his $787 billion economic stimulus package into law.
Eight months have gone by.
Despite Obama’s promise that 3.5 million jobs would be created, 49 of 50 states actually have lost jobs. Some stimulus it was!
So what’s Obama’s and the Dems’ reaction to the unstimulating stimulus? Propose a SECOND stimulus!
~Eowyn
………….
America Now Over 6 Million Jobs Shy of Administration’s Projections
Wednesday, October 21, 2009

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 States and the District of Columbia have lost jobs since stimulus was enacted.  Only North Dakota has seen net job creation following the February 2009 stimulus.  While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs.  To see how stimulus has failed your state, see the table below.


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