Former DNC Chairman Was #1 Cheerleader For Failed $787 Billion Debacle
When former DNC Chairman Tim Kaine’s tax-and-spend friends in Washington rammed through their $787 billion stimulus, they promised it would “save or create 3.5 million jobs before 2011” and he said it would “help jumpstart the economy and accomplish critical objectives to get our economy growing again.”
But the fact is, 28 months since Kaine and the Democrats’ stimulus was passed, nearly 1.9 million fewer Americans are employed.
As CNS News reports:
Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed. In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.
“When Tim Kaine’s fellow Washington Democrats rammed their $787 billion stimulus into law, they promised it would ‘save or create 3.5 million jobs,’ but today there are 1.9 million fewer Americans employed,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond. “Virginians will hold Kaine accountable for this massive spending debacle that failed to create jobs while driving our national debt past $14.3 trillion.”
Background Information:
“The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions.” (Stimulus plan will create or save 3.5 million jobs, White House says, Associated Press, 05/11/09)
President Obama’s Economic Advisors Christina Romer And Jared Bernstein Predicted Unemployment Would Not Rise Above 8 Percent If The Stimulus Was Passed. (Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,”1/9/09)
Kaine: “The President And Members Of Congress Have Passed A Stimulus Plan That Will Help Jumpstart The Economy And Accomplish Critical Objectives To Get Our Economy Growing Again.” (DNC Chairman Tim Kaine, www.youtube.com, Accessed 2/15/11)
Kaine: “The Number One Priority Of The President’s Economic Recovery Plan Is To Get Americans Back To Work.” (Governor Tim Kaine, www.youtube.com, Accessed 2/15/11)
But Since The Stimulus Was Passed, America Has Lost Nearly 1.9 Million Jobs
- Our County Has Lost Nearly 1.9 Million Jobs Since The Stimulus Passed In February 2009. (Matt Clover, “1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus,” CNS News, 6/14/11)
- The Unemployment Rate Is 9.1 Percent And Has Remained Above 8 Percent For 28 Straight Months. (U.S. Bureau of Labor Statistics, www.bls.gov, Accessed 6/3/11)
