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Obama's Stimulus Gap

OBAMA'S ŠTIMULUS GAP 1 OBAMANOMICS As President, I expect to be judged - and should be judged - by the results of this program. PRESIDENT BARACK OBAMA FEBRUARY II, 2009 THE STIMULUS NEVER LIVED UP TO OBAMA'S ROSY PROJECTIONS 8% 35 Straight Months That The Unemployment Rate Has Been Over Obama's Advisors Predicted That The Stimulus Would Keep Unemployment Below Eight Percent, A Post-WWII Record UNEMPLOYMENT RATE: OBAMA's PREDICTION VS. REALITY OBAMA RELEASED THIS GRAPH WITH A REPORT So THAT THE AMERICAN PEOPLE COUD SEE 11 Actual Unemployment Rate 10 "EXACTLY" WHAT THE STIMULUS WOULD DO Today, I am releasing a report of their findings so that the American people can see exactly what this plan will mean for their families, their communities, and our economy. Obama's Prediction With Stimulus 3 Q1 Q3 Q1 оз Q1 Q3 Q1 оз Q1 Q3 Q1 Q3 Q1 оз Q1 PRESIDENT-ELECT BARACK OBAMA 2007 2008 2009 2010 2011 2012 2013 2014 JANUARY I0, 2009 THE JOBS OBAMA SAID WOULD BE CREATED NEVER SHOWED UP I asked my nominee for Chair of the Council of Economic Advisers, Dr. Christina Romer, and the Vice President-Elect's Chief Economic Adviser, Dr. Jared Bernstein, to conduct a rigorous analysis of this plan and come up with projections of how many jobs it will create - and what kind of jobs they will be. PRESIDENT-ELECT BARACK OBAMA JANUARY 10, 2009 OBAMA'S ADVISORS MADE DETAILED PROJECTIONS SHOWING OVER 3.6 MILLION JOBS BEING INSTEAD, BY THE END OF 2010, THE ECONOMY HAD LOST OVER 2.5 MILLION JOBS CREATED BY THE END OF 2010 OBAMA'S STIMULUS JOB CREATION PREDICTIONS Vs. ACTUAL JOBS LOST: BY SECTOR FEB. 2009 THRU DEC. 2010 ACTUAL JOBS LOST JOBS GAINS PREDICTED TOTAL JOBS -2.5 Million 3.6 Million CONSTRUCTION -957,000 678,000 RETAIL TRADE -257,400 604,000 LEISURE & HOSPITALITY -114,000 499.000 MANUFACTURING -825.000 408,000 GOVERNMENT -325,000 244.000 FINANCIAL ACTIVITIES -276,000 214,000 WHOLESALE TRADE -234,500 158,000 TRANSPORTATION -72,200 98,000 INFORMATION -180,000 50,000 MINING -13,000 26,000 2.5 MILLION 3.6 MILLION UTILITIES -12,500 11,000 JOBS LOST JOBS PREDICTED REPUBLICAN NATIONAL COMMITTEE - RESEARCH GOP.COM & RNCRESEARCH. TUMBLR.COM Paid For By The Republican National Committee 310 First Street SE, Washington, DC 20003 Sources: Bureau Of Labor Statistics, Accessed 1/9/12 Christina Romer & Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan, January 9, 2609 President Barack Obama, Remarks On Economic Stabilization, Springfield, VA, February II, 2009 President-Elect Barack Obama, The President-Elect's Radio Address, January Not Endorsed By Any Candidate O, Candidate's Committee %24

Obama's Stimulus Gap

shared by jhorneman on Jan 09
Obama and his advisers made specific predictions about what the stimulus would mean for the American people. They said it would keep unemployment below eight percent. They said it would create 3.6 mil...


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