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  • Obama Jobs Gap

    Morning Bell: A Recovery Only Washington Could Love

    Today the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report showing that the nation’s unemployment rose to 9.9% in April despite the addition of 290,000 jobs, 66,000 of which were temporary Census 2010 jobs. The rise in unemployment was driven by the entrance of 195,000 previously … More

    Obama’s Faith-Based Economics

    On the stimulus’s first anniversary, keep in mind one number: 9 million. That is the Obama jobs gap — the difference between the 3+ million net jobs President Obama said would be created (not just saved) and the nearly 6 million additional net jobs that have since been lost. By … More

    CNN Poll: 3 of 4 Americans Say Stimulus Wasted

    This weekend three different White House advisers speaking on three different Sunday shows gave three different answers as to how many jobs President Barack Obama’s $787 billion stimulus had been “created or saved.” This coming just two weeks after the White House issued a memo supposedly ending the administration’s use … More

    Jobs Decline in December as Obama Jobs Deficit Continues to Climb

    Today’s Labor Department jobs report is a study in contrasts. For example, on the one hand the labor market is notably less weak than in recent months. December’s 85,000 drop in employment according to the payroll survey is markedly better than the monthly average of over 275,000 jobs lost during … More

    Obama’s Failed Stimulus in Pictures: Jobs Gap Grows to 7.6 Million

    Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies — including the massive $787 billion stimulus enacted last spring — are not working to create jobs, the Department … More

    Obama Jobs Deficit Hits 7.7 Million and Climbing

    The Department of Labor announced today the economy shed another 190 thousand jobs in October, pushing the unemployment rate to 10.2 percent and the running Obama jobs deficit to 5.7 million. Earlier in the week the Obama Administration released figures purporting to show the Obama stimulus had saved or created … More

    Job One is to Tell the Whole Jobs Story

    Whenever government throws billions of dollars at the economy, one would certainly expect to find some jobs at the end of those dollars. President Obama has worked hard to convince the nation that the mega fiscal stimulus he signed into law produced some 650,000 jobs. This PR blitz is amazing … More

    White House: 3.6 Million Jobs Lost is "Quite Positive"

    The Obama administration released the first hard numbers on how many jobs their $787 billion stimulus package has created or saved on Recovery.gov today. The number: 30,383 jobs from roughly $16 billion worth of stimulus contracts awarded directly by federal agencies. Crunching the numbers, that comes to $533,000 per job … More

    Morning Bell: The Obama Jobs Gap Grows Again

    Another month, another 263,000 jobs lost under the Obama administration. According to Bureau of Labor and Statistics data released this morning, the United States economy has lost 3.6 million net jobs since President Barack Obama was sworn into office and the unemployment rate has risen from 7.6 % to 9.8%. … More

    The Obama Jobs Gap: 5 Million

    Defending President Barack Obama’s $787 billion stimulus package, Vice President Joe Biden said yesterday: “At the end of the day, these investments are about more than creating jobs.” There is a reason the White House is very eager to establish anything other than jobs as the metric for success that … More