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;…
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Washington, DC - Yesterday, the Department of Labor announced that for the third straight week more than 11 million Americans collected unemployment checks instead of paychecks. Today, the Department released the latest job report showing that in January 2010 another 20,000 jobs were lost. In all, over 3 million jobs have been lost since last year’s stimulus and the unemployment rate…
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Thank you Mr. Chairman, and welcome back to the Committee, Mr. Secretary.
Today we begin our annual cycle of hearings on the President’s budget proposals and their effects stretching out for the coming decade. As usual, we will have many specific questions about what the Administration plans in terms of spending and taxes, and why.
But before we get to the specific questions about the…
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Ways and Means Ranking Member Dave Camp (R-MI) today issued the following statement reacting to the President’s jobs plan as outlined in his remarks to House Republicans:
“The waste and focus on government spending in the Democrats' $1 trillion stimulus did nothing to prevent a record 12 million Americans from receiving unemployment checks instead of paychecks as the U.S. unemployment…
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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…
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Washington, DC – Following a spate of weekend interviews in which Administration officials confusingly cited wildly different numbers in an attempt to claim the Democrats’ “stimulus” bill was a success, Ways and Means Ranking Member Dave Camp (R-MI) today released data showing the Obama Misery Index (the combined change in the nation’s public debt and unemployment since the President took…
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Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today released the following statement in reaction to the President’s announced middle-class agenda:
“What will help middle-class families most is creating jobs and reducing the unemployment rate, but these proposals won’t do either. Moreover, if these proposals are coupled with higher taxes or more mandates on small…
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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 recent claims
of state-by-state job creation with the actual change in state payroll employment through
December 2009, using data announced today by the U.S. Department of Labor.
According to today’s data, 49 States have lost…
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In yet another indication that President Obama and Congressional Democrats’ “stimulus”plan has failed, the most recent Unemployment Insurance (UI) claims data released this morning by the U.S. Department of Labor show almost 12 million Americans claimed UI benefits for the most recent week of full data. This is an increase of almost 4 million since Democrats in Congress sent President…
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