In mid-February, President Obama signed the massive $787 billion stimulus bill into law. According to the Bureau of Labor Statistics, a net of 3.6 million jobs have been lost since Obama was sworn in. In addition, the numbers show that the unemployment rate has risen from 7.6 percent to 9.8 percent … a 26-year record high.
Now, the latest news on the impact of the stimulus bill is that 49 out of 50 states have seen more job losses.
That’s right. In a recent report from the House Ways & Means Committee, only the state of North Dakota has seen net job creation with a total of 1,800. The state hardest hit by the stimulus bill is California with a total of over 336,000 jobs lost. Taken collectively, the nation has seen 2.7 million jobs disappear.
John Williams currently is a member of the Young Leaders Program at the Heritage Foundation. His views do not necessarily reflect the views of the Foundation. For more information on interning at Heritage, please visit: http://www.heritage.org/about/departments/ylp.cfm
Informative. Short and sweet. Nice job, John.
One thing bothersome is to read and hear are the amounts of jobs lost in the private sector. Is there a pattern to what kinds of jobs lost? What about the growth of government in comparison?
Every job lost is put into the government's hat to pull out a government job, not of the choice of the unemployed but by government induced desperation.
Stimulus stimulating GOVERNMENT GROWTH. The president didn't specify where job growth was going to be! That's how devious the government has become.
Reporters and investigators have to request specification when addressing anyone including the president, so the country can see the lies as the truth appears.