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December 19, 2009
Tales of the Stim bill
From the Republican House Ways and Means Committee:
The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through November 2009 (the latest figures available).
According to the data, 49 States have lost jobs since the stimulus was enacted as unemployment has skyrocketed to 10 percent. Only North Dakota and the District of Columbia have seen net job creation following the February 2009 stimulus (though both fall short of seeing the promised level of job creation). While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost over 2.6 million - a difference of 6.1 million jobs.