Obama Promised 2.5 Million Stimulus Jobs… Created 30,083 & Lost Millions Instead …Update: Record Deficit Numbers Released
Last November Barack Obama promised to “create or save” 2,500,000 jobs with the record stimulus package he was planning to pass as president.
He’s got a long ways to go.
He promised 2,500,000 million jobs…
But so far the democrats record “stimulus” package has only stimulated the economy enough to create only 30,000.
…Excuse me, 30,083 jobs.
The Hill reported:
The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.
The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.
“All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.
According to the White House recovery office’s rough calculations, the 30,083 jobs number projects out to a total of 1.2 million jobs saved or created by the stimulus through September.
The unemployment rate is nearly 10% now.
Millions of jobs have been lost since the Stimulus package was passed.
They “saved or created” nothing.
What a disaster.
UPDATE: To add to the disaster– The Obama administration has released new deficit numbers, and they are not pretty.
The deficit for Fiscal Year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year.
UPDATE 2: Legal Insurrection offers the president advice on the economy.