January 9, 2010 marks the one-year anniversary of the Romer/Bernstein report in which the Administration’s chief economists promised Democrats’ 2009 stimulus law would “create between three and four ...
Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the Balanced Budget Amendment failing to pass in the U.S. House of Representatives: "The debt, which hit a staggering $15 trillion this week, is weakening our economy and is costing us about
Much attention has been given to President Obama’s continued “focus” on passage of the American Jobs Act. As others have noted, however, looking back it seems that while the Obama Administration’s alleged “focus” on job creation and their trillion dollar failed stimulus ...
As shown in the chart below, the policies of President Obama and the Democrats who control Washington have failed the American people, forcing millions onto federal disability benefits and food stamps while at the same time destroying almost half a million jobs. Despite these facts, the President again insisted today on increasing taxes on American families and businesses. It is time ...
Last week, a New York Times editorial noted that, despite November’s job gains, the employment situation in the U.S. is still bleak:“Over all, the job market is still very weak, with an estimated 3.9 million people having ...
Full-Time Jobs Down, Part-Time Jobs Up. In June 2014 all the job creation was in part-time employment, with significant loses in full-time employment.
Certain groups have suffered more from the "Obama Recovery" than others, starting with younger adults. A recent article found that currently, America is experiencing the highest-ever level of young adults living with older family members:
On Wednesday, the White House released a curious chart, attempting to show that unemployment “is dropping faster than projected.” The chart compared the actual unemployment rate with forecasts made by the Administration in 2010, 2011, 2012, 2013, and 2014:
“Four years ago, President Obama began to pull our country out of the worst economic crisis since the Great Depression, while laying the foundation for an economy built to last. We’ve come a long way – but there’s more to do. Take a look at the goals the President has set to move this country forward.…CREATE 1 MILLION NEW MANUFACTURING JOBS BY 2016.”
Now (October 2014)“Our economy is making incredible progress.” For example, 5.9 percent unemployment is “a number many economists didn’t think we’d see for years.” Sources: White House