| In yet another reminder that President Obama and liberal former DNC Chairman Tim Kaine’s $787 billion stimulus failed to create jobs while driving our national debt past $14.3 trillion, the U.S. Department of Labor reports today that national unemployment has risen again to 9.1 percent.
Today’s rise in unemployment is just the latest development to highlight the failure of Obama and Kaine’s tax-and-spend economic policies in Washington. While Kaine and the Obama Administration promised their $787 billion stimulus would create millions of new jobs and keep national unemployment below 8 percent, the United States has actually lost more than 1.8 million jobs since Kaine cheered as his fellow Washington Democrats rammed it into law – and national unemployment has remained above 8 percent now for 28 consecutive months. “As the unemployment rate rises to 9.1 percent, Virginians are reminded once again that the Obama-Kaine agenda of reckless spending has failed to create the jobs they promised while driving our national debt past a record $14.3 trillion,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond. |
Background Information:
| KAINE CLAIMED THE OBAMA ADMINISTRATION’S $787 BILLION STIMULUS WOULD “HELP JUMPSTART THE ECONOMY AND ACCOMPLISH CRITICAL OBJECTIVES TO GET OUR ECONOMY GROWING AGAIN”
“Democratic National Committee (DNC) Chairman Tim Kaine On Tuesday Said The Stimulus Saved The Nation From The Worst Economic Crisis Since The Great Depression . . . .” (Bob Cusack, “Speaker Pelosi Bets The House On Success Of $787 Billion Stimulus,” The Hill, 2/17/10)
Kaine Said The Stimulus Was One Of The First Flagstones In The “Road To Recovery.” “From his efforts came the first flagstones in the road to recovery. The Recovery Act, which put vital dollars back into the pockets of working families, pumped critical funding into high-growth industries and promoted projects that employed Americans and improved vital infrastructure.” (Tim Kaine, Op-Ed, “The President’s Progress,” Politico, 12/31/10)
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)
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)
BUT KAINE & OBAMA’S $787 BILLION STIMULUS FAILED TO CREATE PROMISED JOBS
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)
Since The Stimulus Was Passed, The United States Has Lost 1.8 Million Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 6/3/11) |
