Source: Department of Labor unemployment rate data and Obama Administration January 2009 projections (in “The Job Impact of the American Recovery and Reinvestment Act”)       February 2009 … Read more

Rhetoric "Who is to blame for our debt crisis? 'The U.S. government cannot default on its debt, largely accrued by President George W. Bush,' Pelosi said."   Facts During the Obama Administration, the debt held by the public has risen more (by $3.4 trillion in 2+ years, compared with $2.9 trillion in the prior 8 years) and nearly four times faster than during the Bush… Read more

The bad news on the economic front continued this morning when the Department of Labor announced that 429,000 more Americans applied for unemployment benefits last week – joining the nearly 14 million Americans already without a job.  Thursday’s initial unemployment insurance claims numbers illustrate an economy struggling to grow and create jobs and come less than 24 hours… Read more

On the heels of recent reports and a New York Times article detailing the economic challenges facing small businesses, the Department of Labor released data this week indicating that initial claims for unemployment insurance benefits remained above 400,000 for the 10th week in a row.  These unfavorable economic conditions are a result of a failed… Read more

Yesterday, the U.S. Chamber of Commerce unveiled www.TradeSupportsJobs.com, a website highlighting U.S. exports and the jobs they create for all 50 states and all 435 Congressional Districts, reinforcing the need to act now on the pending trade agreements with Colombia, Panama, and South Korea.  Passing the pending trade agreements is a… Read more

Despite calling small business the “anchors of our Main Streets,” economic data released today make it clear that the policies of the Obama Administration have left small business treading in rough waters.  In its monthly Small Business Economic Trends Report, the National Federation of Independent Business (NFIB) reports that small business optimism has declined again, sinking to… Read more

"I am concerned about the fact that the recovery that we're on is not producing jobs as quickly as I want it to happen," Obama said at an appearance with visiting German Chancellor Angela Merkel. "We don't yet know whether this is a one-month episode or a longer trend." Source: Department of Labor unemployment rate data and Obama Administration January 2009 projections (in “The… Read more

February 17, 2011, marks the second anniversary of President Obama’s signing into law the Democrats’ failed stimulus plan. At the time, the President predicted that “it will create or save 3.5 million jobs over the next two years.”  One year later, he said it, “is on track to save and create another 1.5 million jobs in 2010.”  As the law marks its second birthday, Americans looking for… Read more

THEN  (April 4, 2010): Administration officials say growing labor force is “a great sign.” Behind the high unemployment rate, "there's just been a tremendous increase in the labor force," Christina Romer, chairman of the president's Council of Economic Advisers, said on NBC's ‘Meet the Press.’  "Over the last three months, we've added more than a million people to the labor force. And… Read more

Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today made the following statement in response to the release of the report, It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure: “In January of 2009, President Obama’s chief economic advisors put together an analysis predicting that the Democrats’ stimulus package would 'save or create' at least 3… Read more