In the April 5, 2010 New York Times, Dr. Larry Summers, “the president’s top economic adviser” said the U.S. economy is “running somewhat ahead of what the administration was forecasting.”  Unfortunately, as the chart below shows, the U.S. unemployment rate is also running “somewhat ahead of what the Administration was forecasting” if its 2009 stimulus bill passed.  In fact, the… Read more

   This morning the Bureau of Labor Statistics announced that the economy added 162,000 jobs in March.  While positive job growth is welcome news, this still leaves the Administration 6.7 million short of its promise that its stimulus bill would create 3.7 million jobs by the end of 2010.  During the rest of this year, the economy will need to add more than 750,000 jobs per month --… Read more

While the President recently claimed his February 2009 stimulus bill will "save or create 1.5 million jobs in 2010 after saving or creating as many as 2 million jobs thus far,” the table below compares the White House's original projections of state-by-state job creation with the actual change in state payroll employment through February 2010, using the latest data from the U.S.… Read more

While the White House claims their stimulus bill “has already created or saved up to 2 million jobs,” the table below compares the White House's original projections of state-by-state job creation with the actual change in state payroll employment through January 2010, using the latest data from the U.S. Department of Labor. Only North Dakota, Alaska and the District of Columbia have seen… Read more

With an unemployment rate of 9.7 percent and over 3 million jobs eliminated since Democrats’ 2009 stimulus, Americans desperately need and deserve some good news on jobs. At first blush, the suggestion by the U.S. Department of Commerce that the upcoming census could create as many as 800,000 jobs would appear to be just that. This notion was seconded in a March 9, 2010 article in The… Read more

The chart below compares Administration predictions of job creation with the reality of what has actually happened since passage of Democrats’ 2009 stimulus law. It shows a current gap of 5 million between the number of jobs the Administration promised and the harsh reality American workers and families are experiencing. Unless robust job creation starts immediately, the gap between the… Read more

On the first anniversary of the signing of their so-called stimulus bill, Administration officials are fanning out across the country claiming stimulus is working.  As Vice President Biden put it: “One year later I am absolutely certain of one thing: I say this to the press, the Recovery Act is working.” Meanwhile the chart below paints a very different picture. The blue line shows the… Read more

 As we reach the first anniversary of Democrats’ trillion-dollar 2009 stimulus plan, a record 16 million unemployed Americans only wish it were having positive results. As America collectively lost 3 million more jobs and unemployment soared to 10 percent in 2009, the facts show:   Jobs disappeared in 49 out of 50 States; The unemployment rate rose in 48 out of 50 States;… Read more

*According to the Bureau of Labor Statistics, there were a record 16,147,000 unemployed Americans in January 2010 Read more

Democrats promised their 2009 stimulus law would get people back to work and jumpstart the economy. A look at the facts, however, tells a different story. As we approach the one-year anniversary of passage of the stimulus bill 49 out of 50 states have actually LOST jobs.  On January 26, 2010, the Congressional Budget Office revealed that this failure to create jobs has raised the… Read more