Posts Tagged ‘create’
White House Statement on May Unemployment
Statement on the Employment Situation in May WASHINGTON, DC – Alan B. Krueger, Chairman of the Council of Economic Advisers, issued the following statement today on the employment situation in May. You can view the statement HERE. The Employment Situation in May Posted by Alan B. Krueger on June 1, 2012 at 9:34AM EDT Problems in the job market were long in the making and will not be solved overnight. The economy lost jobs for 25 straight months beginning in February 2008, and over 8 million jobs were lost as a result of the Great Recession. We are still fighting back from the worst economic crisis since the Great Depression. Today we learned that the economy has added private sector jobs for 27 straight months, for a total of 4.3 [...]
Two Years of Stimulus Left America with Fewer Jobs, more Debt
Two years ago today, President Obama signed the trillion-dollar “stimulus” amid promises it would keep unemployment below eight percent and create jobs “almost immediately.” Today, the Obama Administration has little to show for its trillion-dollar, taxpayer-funded “investment” except for more red ink and more out of work Americans. Here’s a by-the-numbers look at the budget-busting, job-destroying failure that is the President’s “stimulus”: U.S. Debt on February 17, 2009: $6.48 trillion U.S. Debt today: $9.5 trillion Number of jobs the “stimulus” was supposed to create: 3.5 million Private sector jobs lost since the “stimulus” was signed: 1.8 million Obama Administration’s projected unemployment rate at the two-year mark of the [...]
