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Hey, Obama: Where are the jobs?
In February of 2009 (29 months ago), President Obama signed into law his $787 billion stimulus bill that would, the administration predicted, bring unemployment under 8 percent. Unemployment was at 8.2 percent the month the stimulus bill passed. The next month, it rose to 8.6 percent, and it has not been below 8.8 percent since. It has risen for three straight months, hitting 9.2 percent in June.
U.S. House Speaker John Boehner asked President Obama during Wednesday’s Twitter town hall, “After embarking on a record spending binge that left us deeper in debt, where are the jobs?” The President laughed off the question, calling it “skewed,” and then claimed the U.S. was creating jobs at a good clip.
“And so we’re each month seeing growth in jobs, But when you’ve got a 8 million dollar — 8-million-job hole and you’re only filling it 100,000 to 200,000 jobs at a time each month, obviously that’s way too long for a lot of folks who are still out of work.”
But in May, the month before Obama made that statement, only 25,000 jobs were added. Two days after Obama said that, the government announced that only 18,000 jobs were added in June. The United States needs 125,000 new jobs a month just to keep up with population growth.
After that untruth, Obama claimed that he had a plan to create jobs, but Republicans wouldn’t go along with it. His plan? Spend $2 trillion on infrastructure improvements (“Roads, bridges, sewer lines, water mains; our air traffic control system...”) That’s more than double the stimulus spending, which was also supposed to go to “shovel-ready” infrastructure-improvement jobs.
Obama’s jobs plan is to double down on his failed plan of two years ago. Incredible. It’s almost as if he wants to be a one-term President.
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