2.7 Million Jobs Lost Since "Stimulus" Enactment


Posted by John Kartch on Friday, October 2nd, 2009, 12:59 PM PERMALINK

Bureau of Labor Statistics report shows unemployment at 9.8%

The U.S. has lost at least 2.7 million jobs since President Barack Obama signed the “Stimulus” package into law on Feb. 17. 
 
I think my initial measure of success is creating or saving 4 million jobs,” said President Obama on February 9.

The unemployment rate now stands at 9.8 percent, up from 7.6 percent at the end of January. 

Monthly job losses reported by the BLS are as follows:
Mar:     652,000
Apr:     519,000
May:    303,000
June:    463,000
July:     304,000
Aug:     201,000 (preliminary)
Sept:    263,000 (preliminary)
Total: 2,705,000       

“President Obama demanded that Congress spend hundreds of billions of dollars to ‘stimulate’ the economy,”
said Grover Norquist, president of Americans for Tax Reform. “Spend more money. Have fewer jobs. Let's stop this madness.”

 

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