Washington, DC -- While the Obama Administration desperately continues its attempts to hide the failure of the “stimulus” bill, Ways and Means Ranking Member Dave Camp (R-MI) today released a chart using data from the Bureau of Labor Statistics that shows over 3 million jobs have been lost since the start of the year.  “The American people – the millions of families who are out of work… Read more

The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available).  According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted.  Only North… Read more

Washington, DC – In light of the economic forum House Democrats are holding today and based on new statistics released this morning by the Department of Labor, Ways and Means Ranking Member Dave Camp (R-MI) released a state-by-state table showing 49 states and the District of Columbia have lost jobs since the President signed the stimulus bill into law.  “It is clear from today’s jobs… Read more

Last week the Obama Administration offered its first peek into where 2009 stimulus funds have been awarded, by state or territory.  That data shows how stimulus funds awarded to date range from a low of $2 per capita in Puerto Rico, $7 per capita in Rhode Island, and $12 per capita in Michigan all the way up to $950 per capita in Washington, D.C.  That’s despite the fact that Puerto Rico… Read more

Exchange at the October 8, 2009 Ways and Means Subcommittee Hearing on the Effectiveness of Democrats’ 2009 Stimulus Law QUESTION: Rep. John Linder (R-GA), on the effectiveness of Democrats’ 2009 stimulus law:              "How’s it working so far ?” ANSWER: Lawrence Mishel, Economic Policy Institute (a Democrat-invited witness): “I think it’s working amazingly well. We are… Read more

The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through August 2009 (the latest state-by-state figures currently available).  As this table shows, the only place in America solidly on track to meet the Administration’s job… Read more

Webster’s dictionary defines a safety net as “something that provides security against misfortune or difficulty.” That’s a broad definition, and safety nets come in many forms. Even in these enormously difficult times, 90 percent of Americans count their job as their real safety net, along with family, home, and savings. Those safety nets supply their current income and their confidence… Read more

Source: Ways and Means staff calculations, using Department of Labor and Department of Treasury data.  Baseline for debt data, which is tracked to the day, is January 21, 2009.   ### Read more

Washington, D.C. - Congressman Dave Camp, Ranking Member Committee on Ways & Means stated, “Today’s grim statistics reflect the continuing failure of Democrats’ 2009 economic stimulus law to achieve the 3.5 million jobs 'created or saved' they promised.  It’s well past time for Democrats to wake up to the reality that their plan is a failure, and to work with Republicans to create… Read more

Analysis by the Treasury Department shows that the Democrats’ National Energy Tax would likely cut U.S. Gross Domestic Product (GDP) significantly: “Economic costs will likely be on order of 1% of GDP, making them equal in scale to all existing environmental regulation.”  Using the analytical methodology developed by Christina Romer, Chair of the Council of Economic Advisors, and Jared… Read more