| In yet another reminder that President Obama and liberal U.S. Senator Claire McCaskill’s (D-MO) $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 McCaskill’s tax-and-spend economic policies in Washington. While McCaskill 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 McCaskill helped her Washington party bosses ram 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, Missourians are reminded once again that the Obama-McCaskill 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:
| MCCASKILL CLAIMED HER $787 BILLION STIMULUS WAS “ABOUT TWO THINGS, CUTTING TAXES… [AND] CREATING JOBS.”
McCaskill: “The Stimulus Bill Was About Two Things, Cutting Taxes, One Of The Largest Tax Cuts In America’s History — 40 Percent Of The Spending In That Bill Is Going Back Into The Pockets Of The American People — And 60 Percent About Creating Jobs.” (CNN’s “Newsroom,” 3/3/09)
McCaskill Said “We’ve Said All Along In The Stimulus . . . We’re Trying To Keep Job Losses From Being As Great.” McCaskill: “. . . What you’re seeing is jobs — job loss is always a lagging indicator. It’s not a leading indicator in a recession. And we’ve said all along in the stimulus, besides the tax cuts, which people forget to mention, a huge chunk of tax cuts, money going right back into the pockets of the American people, we’re trying to keep job losses from being as great. Even when we were debating the stimulus, we kept saying over and over again there was going to continue to be significant job loss. It’s a matter of whether or not we can keep from that job loss being as severe as it could be had we not done the stimulus.” (ABC’s “This Week,” 3/8/09)
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)
BUT McCASKILL & 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) |
