Democrats’ $1 Trillion Stimulus Didn’t Create Jobs Like They Promised. Democrats fell nearly 7 million jobs short of their stimulus promises for December 2010.  It wasn’t until January 2014, an additional three years later, that the U.S. saw the number of jobs Democrats promised for 2010 with their trillion-dollar stimulus.   … Read more

Democrats’ $1 Trillion Stimulus Didn’t Reduce Unemployment Like They Promised.  The unemployment rate continues to be significantly higher than Democrats projected with their trillion-dollar stimulus. Sources: January 2009 Romer/Bernstein Report ("Administration Prediction With Stimulus Plan”), and Department of Labor, Bureau… Read more

The U.S. Economy Shrank in the First Quarter of 2014.  After several quarters of modest growth, U.S. Gross Domestic Product (GDP) declined by 2.9 percent, a pace not seen since the recession ended in 2009. Source: U.S. Department of Commerce, Bureau of Economic Analysis. ________________ As introduced on June 17, 2014,… Read more

Worst “Recovery” Ever for GDP Growth.  Relative to prior recessions, growth in the U.S. economy has significantly underperformed during this “recovery.” Source: Council on Foreign Relations, Quarterly Update: The U.S. Economic Recovery in Historical Context. ________________ As introduced on June 17, 2014, Ways and… Read more

Thirty-Two States Have Yet to Recover Lost Jobs.  Most States have yet to recover all the jobs that were lost during the 2007-2009 recession, marking another broken stimulus promise. Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp… Read more

More People Dropped out of the Workforce during the “Recovery” Than during the Recession.  In a “recovery” that has been three times longer than the recession, more than six times as many people dropped out of the workforce.   Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As… Read more

Invisible Unemployment Remains Above 10 Percent for 59 Straight Months.  Although the unemployment rate has fallen, when combined with those that have given up looking for work, the “invisible” unemployment rate remains above 10 percent. Sources: January 2009 Romer/Bernstein Report ("Administration Prediction With Stimulus… Read more

Sifting through the June jobs report suggests that when it comes to “quality jobs,” this may have been the worst June in recorded U.S. history.     Specifically, in real (i.e. not seasonally adjusted) terms, June 2014 was: The worst June ever for full-time employment growth. The only June ever in which part-time employment grew. For men, the… Read more

Men in Their Prime Working Years Are Not Working.  Millions of men in their prime working years are unemployed or have dropped out of the workforce. Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate… Read more

The Unemployment Rate for African-Americans Is More Than Twice the Rate for Whites.  Unemployment continues to disproportionately impact the African-American community. Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp… Read more