President Obama’s rhetoric about a recession he “inherited” cannot disguise the fact the economy’s performance since his inauguration has only gotten worse. Despite campaign pledges of fiscal responsibility and job creation, his early achievements, including an $800 billion stimulus bill, have resulted in rapidly growing debt ...
The Obama Administration famously predicted its so-called stimulus plan would “save or create 3.5 million jobs.” However, the unemployment rate in June reached 9.5%, well above the 8% level the Administration ...
The Obama Administration famously predicted its so-called stimulus plan would “save or create 3.5 million jobs.” However, yesterday the President admitted that, ...
Today’s UI benefit claims data from the U.S. Department of Labor reveals another record number of Americans collecting unemployment insurance (UI) benefits. The almost 9 million currently collecting UI benefits is an increase of 1 million from the level before the so-called stimulus bill. This ...
Washington, DC – Following the release of the June 2009 jobs report this morning, Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement:“American workers didn’t need to wait for the latest jobs report to know that the President’s trillion dollar spending bill is not creating jobs. At 9.5 percent in June, our current ...
Last week’s initial UI benefit claims data [1] from the U.S. Department of Labor set off a common refrain in the media that the number of individuals collecting UI benefits supposedly “plunged,” which is touted as “evidence the job market is starting to thaw.” [2] Headlines included “Continuing Claims Fall for Jobless Benefits” (Washington Post), ...
WASHINGTON, DC – Following the jobs report this morning, Ways and Means Ranking Member Dave Camp (R-MI) released the following statement:“Jobs have not been saved—they have been lost. And, thousands more ...
Fact: The latest documents on the President’s Budget, released yesterday, assume an average unemployment rate of 8.1% in ...