"So this bill is not only about the health security of America. It's about jobs. In its life it will create four million jobs - 400,000 almost immediately." Then House Speaker Nancy Pelosi at the Health Care Summit, February 2010. Source: Heritage Foundation. Hoven's Index for July 21, 2011 Private sector job growth over the 42 months following the beginning of each post-WWII recession: 1948: up 2.6 million (+6.7%) 1953: up 1.7 million (+3.9%) 1957: down 0.4 million (-0.9%) 1960: up 1.5 million (+3.3%) 1969: up 4.3 million (+7.2%) 1973: up 3.1 million (+4.8%) 1980: down 0.2 million (-0.2%) 1981: up 4.6 million (+6.1%) 1990: up 2.1 million (+2.3%) 2001: down 1.4 million (-1.3%) 2007: down 6.7 million (-5.8%) Source: St. Louis Fed/FRED (USREC and USPRIV series) and author's calculations. Graph of the Day Archive.....
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