Much attention has been given to President Obama’s continued “focus” on passage of the American Jobs Act. As others have noted, looking back it seems that while the Obama Administration’s “focus” on job creation and their trillion dollar failed stimulus has received a lot of coverage for almost 3 years, it has yielded little in the way of actual job creation.
Now
Rep. Debbie…
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Two surveys this week, one from the business research firm Sage North America and one from the National Federation of Independent Business (NFIB), offer yet more proof that the Obama Administration’s stimulus and the Senate Democrats’ refusal to pass 22 bipartisan House-passed jobs bills have resulted in an economic climate in which small businesses are unwilling to hire.
The Sage…
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President Obama this week said Americans are better off due to his policies: "I think that we are better off now than we would have been if I hadn't taken all the steps that we took."
The facts, and the experience of 14 million unemployed Americans, tell a different story. As the chart below displays, the President’s economic advisors projected that under his trillion-dollar 2009…
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Obama Rhetoric
"We have lost our ambition, our imagination, and our willingness to do the things that built the Golden Gate Bridge."
- President Obama, at a fundraiser in San Francisco on October 25, 2011
Reality
“To explain why our structurally insufficient bridges may have to wait for replacement or repair, it's useful to begin with some realities that might have…
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Now
“We know that it could add as many as 1.9 million jobs. We can put teachers back in the classroom. We can put construction workers back on the job rebuilding our roads, bridges and schools. We know that would work.” President Obama in ABC News Interview, describing the President’s 2011 “Jobs Plan,” October 18, 2011
Then
“Over the next two years, this plan will save or…
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The President hits the road again today to promote his “jobs plan.” The bus tour, which he boarded after arriving on Air Force One, comes only a week after a stinging bipartisan rejection of Obama’s jobs plan in the Senate. On this leg of the tour, he will make stops in both Virginia and North Carolina, after hitting Minnesota, Iowa, and Illinois in August. While the…
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Now
“If we don’t act, the opposite will be true. There will be will fewer jobs. There will be weaker growth….We know that this jobs bill could grow the economy an additional 2 percent. That would mean an additional 1.9 million jobs.” …
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Then
In 2010, then-Speaker of the House Nancy Pelosi (D-CA) said that unemployment insurance “is one of the biggest stimuluses [sic] to our economy….It creates jobs faster than almost any other initiative that you can name.”
Now
Unfortunately, Ms. Pelosi forgot that there is no such thing as a free lunch and employers end up paying higher taxes. As today’s Wall Street…
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In one of the clearest signals yet that small business has yet to warm to the president’s latest jobs proposal, a new survey reveals that more than two-thirds of small business owners do not believe that passage of the president’s plan would change their plans to hire. In a recent MSNBC interview National Small Business Association president Todd McCracken emphasized that hiring is…
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Last night, at a Democratic Fundraiser in Washington, DC, President Obama said his latest “jobs” proposal would, “add two percentage points to the GDP, and add as many as 1.9 million jobs, and bring the unemployment rate down by a full percentage point." However, as Congress reviews the President’s latest proposal, it is worth examining previous predictions the Obama Administration…
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