7 Months After Stimulus 49 of 50 States Have Lost Jobs

7 Months After Stimulus 49 of 50 States Have Lost Jobs

www.republicans.waysandmeans.house.gov

“It is clear from today’s jobs report that stimulus has failed to do what it promised and failed to create jobs for American workers,” said Camp. “Eight months after the President signed the stimulus bill, we are all still asking: where are the jobs? Instead of jobs, the American people got record deficits.”

49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus.

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Related News Links:
blog.heritage.org

Related AboveTopSecret.com Discussion Threads:
Jobs Cuts Unexpectedly Accelerate
The minimum wage hike has driven the wages of teen employees down to $0.00.

The Obama/ Pelosi stimulus package is loosing almost as many jobs as we were supposed to gain by spending 3.7 Trillion (with a T) dollars (actual cost). So Pelosi/ Obama have essentially obligated us to spend about $250,000 per job so we could loose 2,700,000 jobs. Makes you wonder how much we could have saved by spending ZERO? There are some pretty negative statistics there.

I even heard Obama say this week that the the stimulus is WORKING. Working for whom, I wonder?

And things are looking worse in the job department because Obama and Congress have done NOTHING to encourage business. Zero! No tax relief, no business credits, no new job cridits, no investment tax relief which would normally be the first thing to do in a recession. Instead all we get is Cap and Trade (enough new taxes to pay for both World Wars!) and incredible amounts of new debt which we now find bought us NOTHING.

The Obama camp is fighting a war with the Chamber of Commerce this week!

And they have nothing planned! No relief!

Change you can believe in!

www.republicans.waysandmeans.house.gov
(visit the link for the full news article)

reply to post by plumranch


Is this really unexpected? Has any Democratic administration in the last 40 years done anything but cost Americans jobs? Their ideology is failed.

It's weird how we barely hear about this anymore...its all Obamacare debate...Smoke and mirrors to distract us from the real problem perhaps?

Originally posted by plumranch


Instead all we get is Cap and Trade (enough new taxes to pay for both World Wars!)

Cap and Trade will only cause the loss of many more jobs unless they apply it to imports from countries like china. (to keep the playing field level)
When the C&T taxes kick in more companies will leave the US and take there jobs with them.

Eh, Dems only want to destroy your ability to make wealth and provide for yourself. They want you dependent on big government. That's just their M.O.

reply to post by midnightbrigade


no wonders , the world ,particularly russians laugh at america , , they can see and identify propaganda easily . this is not dem vs rep, reps and dems have done that has brought USA in such state, these things were planned for more than 50 years

dems and reps are the same , controlled by the same by corporates and international bankers

reply to post by sadchild01


I've heard that argument before and I don't buy it. The dems sent over a buttload of folks back in the 70's to the Repubs and we call those a holes "neo-cons". THOSE groups are the same. True Repubs don't buy in to all this crap, you just never hear from them due to the stiffling by the media.

reply to post by plumranch

Learn from the master, grasshopper, learn from the master.

China's economy picks up speed on massive stimulus

CHINA'S economy galloped at a world-leading 8.9 per cent in the third quarter, thanks to its massive stimulus package.

Apparently Barack is not 'communist' enough.

What happened to the stimulus funds in your city, county, area?

Here, in my county, the funds went to send teachers off to a week-long "History" camp! No new jobs.

In the nearest town - the money was spent on crime lab equipment but NOT jobs. They even explained why. They would be stuck paying salaries to people they didn't want or need after the funds ran out. Therefore, it went for chemical toys for the boys in blue.

This household has been laid off for 6 months now. Thanks to stimulus!

And yet little joe biden comes out and says the stimulus is working...the more he repeats it, the more people will believe him

reply to post by Trexter Ziam

This household has been laid off for 6 months now. Thanks to stimulus!

Most of the Stimulus/ Porkulus was political payoff. Ie. unions, (esp NEA, your teachers), Democratic constituent areas pork projects.

No job incentives that I've seen. No incentives for business in spite of the $3.7 Trillion price tag! Incredible!

But the banks have been making record profits in the big financial casino they created and run. They were given $Billions, that the taxpayer is on the hook for, and used it to bolster their own positions, buying up other banks and hoarding, as well as using it to pay more and even bigger bonuses.
There can be no recovery without the good paying jobs to support it, and those have all been moved overseas in the name of greater profits.
Ok, the board members of those corporations and their big shareholders make more buicks, in the short term, but the workers in their own countries get laid off and can no longer be the good little consumers that they used to be.

It's clear as day, and the government knows it too, but they just don't care about the people. Money is what counts and as long as they get their pile they will continue to rob us all to give to the "too big to fail" monsters, who essentially created the mess in the first place.

Whether your stimulus was any good or not, I am a bit surprised at the headline of this thread. Are you saying that you were told the job losses would stop?
Even if the economy starts climbing back up, you can't just put the brakes on and come to an emergency stop. At least we were told that job losses would continue for a while even after an upturn. So I'm a bit surprised at the surprise!

reply to post by plumranch


You know along the same lines, just on Seattle news tonight they mentioned the bonuses for those executives of failed / bailed out companies and wanted to poll who thought they should keep the bonus money.... since those companies would loose all the talent..

I just had to think out load ...WTF are they talking about..... if you taker a company to bankruptcy you ARE NOT TALENT! you need your ars fired not given a friggen bonus!!

so the fact all that stimulus money had no affect is not a surprise in the least! it never touched anyone who actually makes a difference. I wonder in hindsight what could have happened had they gave / made available small business loans instead of giving it to those failed morons.....

Originally posted by Jazzyguy
reply to post by plumranch

 

Learn from the master, grasshopper, learn from the master.

China's economy picks up speed on massive stimulus

CHINA'S economy galloped at a world-leading 8.9 per cent in the third quarter, thanks to its massive stimulus package.

Apparently Barack is not 'communist' enough.

I think the key to this working is as is happening in CHINA .... they are LENDING the money out!! on the other hand here in the states they are dividing it up among each other and buying smaller companies with it.... its not getting anywhere near the populace.

reply to post by svpwizard


I found it rather ironic that the newbie capitalist communist china can actually make their stimulus to work but the old veteran capitalist USofA cannot.

Chinese stimulus is a much bigger stimulus than of the US and they don't need any permission from the people or other party to issue that stimulus.

Chinese stimulus vs. U.S. bailout

Meanwhile, the Chinese government has been very specific about how its money will be spent: on tax cuts, infrastructure and social programs such as health care and education. Some begged China to use its foreign reserves to bail out the U.S. financial system.

I wonder who begged the chinese... Hilary?

Many economists have pointed to the size of the Chinese package (China's GDP is about a quarter of the size of ours) to point out that, if anything, America needs to throw more money at the problem. They may well be right: Considering the depth of the crisis, this is no time for timidity. But what's even more important than the size of our bailout is whether the money is being spent wisely: as an investment that will help the American economy recover and eventually, grow. And right now, the signs coming out of both Congress and the Treasury aren't comforting.

Originally posted by VitalTimes
reply to post by plumranch

 

Is this really unexpected? Has any Democratic administration in the last 40 years done anything but cost Americans jobs? Their ideology is failed.

How about some truth in advertising?

DEMS
TRUMAN 1945-1953 PLUS 8.2 MILLION JOBS. DEBT/GDP=REDUCED 46.2% RECESSIONS=1. END OF TERM=BOOM
KENNEDY 1961-1963 PLUS 3.7 MILLION JOBS. DEBT/GDP=REDUCED 8.2% RECESSIONS=0. END OF TERM=BOOM
JOHNSON 1963-1969 PLUS 12 MILLION JOBS. DEBT/GDP=REDUCED 8.3% RECESSIONS=0. END OF TERM=BOOM
CARTER 1977-1981 PLUS 10.3 MILLION JOBS. DEBT/GDP=REDUCED 3.2% RECESSIONS=1. END OF TERM=BOOM
CLINTON 1993-2001 PLUS 22.7 MILLION JOBS. DEBT/GDP=REDUCED 8.8% RECESSIONS=0. END OF TERM=BOOM
OBAMA 2009 MINUS 3.4 MILLION JOBS. DEBT/GDP=INCREASED ~4%% RECESSIONS=1. END OF TERM=?
=========
TOTAL TIME = 29 YEARS
TOTAL JOBS CREATED 53.5 MILLION
TOTAL DEBT TO GDP REDUCED = 70.7%
TOTAL RECESSIONS=3 (1 ON-GOING)


REPS
EISENHOWER 1953-1961 PLUS 3.5 MILLION JOBS. DEBT/GDP=REDUCED 16.2% RECESSIONS=3. END OF TERM=RECESSION
NIXON 1969-1974 PLUS 8.6 MILLION JOBS. DEBT/GDP=REDUCED 2.9% RECESSIONS=2. END OF TERM=RECESSION
FORD 1974-1977 PLUS 2.6 MILLION JOBS. DEBT/GDP=INCREASED 0.1% RECESSIONS=0. END OF TERM=BOOM
REAGAN 1981-1989 PLUS 16.1 MILLION JOBS. DEBT/GDP=INCREASED 20.5% RECESSIONS=1. END OF TERM=BOOM
GEORGE H.W. BUSH 1989-1993 PLUS 2.6 MILLION JOBS. DEBT/GDP=INCREASED 13.1% RECESSIONS=1. END OF TERM=RECESSION
GEORGE W. BUSH 2001-2009 PLUS 1.8 MILLION JOBS. DEBT/GDP=INCREASED 18.1% RECESSIONS=2. END OF TERM=RECESSION
=========
TOTAL TIME = 36 YEARS
TOTAL JOBS CREATED = 35.2 MILLION
TOTAL DEBT TO GDP INCREASED = 32.7%
TOTAL RECESSIONS=9

Sources: Federal Reserve Bank of St. Louis - Total Nonfarm Payrolls (PDF File)
National Debt by U.S. President - Wikipedia

reply to post by Jazzyguy

Many economists have pointed to the size of the Chinese package (China's GDP is about a quarter of the size of ours) to point out that, if anything, America needs to throw more money at the problem. They may well be right: Considering the depth of the crisis, this is no time for timidity. But what's even more important than the size of our bailout is whether the money is being spent wisely

The Chinese bailout is a bigger risk, IMHO. China is really putting themselves out on a limb mainly because its internal debt is about 20% of GDP even before this large bailout.

The problem with our bailout as has been mentioned over and over, the money is not being spent wisely.

Good post, none the less.

I went to collect donations yesterday for the United Way organization.
The first place I hit was a large timber company in the area that employs about 300-400 people. Imagined they would give a good donation.

Unfortunately, they turned me down. Said it was a bad year and they had lost 50% of their business and was on the verge of laying off.

The other place I hit also turned me down. Said business was slow as a snail and they had already let some people go and were thinking they might have to let more go.

Things are getting rough. Although it may be easy to blame it all on Obama, I would like to remind folks about Congress. They are the ones preoccupied 24/7 with healthcare while the economy gets ignored IMO.