| In yet another reminder that liberal U.S. Senator Bob Menendez’s (D-NJ) $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 Menendez’s tax-and-spend economic policies in Washington. Menendez claimed the $787 billion stimulus would “create and save 100,000 jobs in [New Jersey] during the next two years.” But New Jersey has lost 84,778 jobs since the stimulus passed in February 2009. Also notably, though Menendez claimed that “New Jersey is going to do exceptionally well” from the stimulus, New Jersey actually received less stimulus funding per capita than the national average. Meanwhile, the Obama Administration promised their $787 billion stimulus would create millions of jobs and keep national unemployment below 8 percent. But national unemployment has remained above 8 percent now for 28 consecutive months and the United States has actually lost more than 1.8 million jobs since Menendez helped his Washington party bosses ram the bill into law. “As the unemployment rate rises to 9.1 percent, New Jersey families are reminded once again that Senator Menendez’s agenda of reckless spending has failed to create the jobs he promised while driving our national debt past a record $14.3 trillion,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond. As a reminder, Menendez is the only sitting U.S. Senator currently under federal investigation by the U.S. Department of Justice. |
Background Information:
| MENENDEZ CLAIMED HIS $787 BILLION STIMULUS WAS “ABOUT CREATING JOBS, JOBS AND MORE JOBS” AND WOULD “CREATE AND SAVE 100,000 JOBS IN NEW JERSEY WITHIN TWO YEARS”
Menendez Said The Stimulus Would Create And Save 100,000 Jobs In New Jersey Within Two Years. “[Menendez] said the recovery plan will create and save 100,000 jobs in the state during the next two years. Ninety percent of those jobs will be in the private sector.” (Monsy Alvarado, “Senator Touts Stimulus,” The [Bergen County, NJ] Record, 2/17/09)
Menendez: “This Bill Is About Standing Up For New Jersey Families, It Is About Creating Jobs, Jobs And More Jobs.” (Monsy Alvarado, “Officials Tout Stimulus Bill’s Help For The Unemployed,” The [Bergen County, NJ] Record, 2/3/09)
Menendez: “I Think We Passed A Bold Plan That Creates Jobs In The Short Term And Transforms Our Country To Meet The Challenges We Face In The Long One.” (Monsy Alvarado, “Senator Touts Stimulus,” The [Bergen County, NJ] Record, 2/17/09)
Menendez: “First And Foremost, This Package Is Going To Help Start Creating And Saving Jobs In Our State.” (Beth DeFalco, “Most New Jersey Residents Will See Stimulus Money,” The Associated Press, 2/14/09)
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 MENENDEZ’S $787 BILLION STIMULUS FAILED TO CREATE THE JOBS HE PROMISED
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)
New Jersey Has Lost 84,778 Jobs Since The Stimulus Passed In February 2009
As Of April 2011, New Jersey Lost 84,778 Jobs Since The Stimulus Passed In February 2009. (Bureau Of Labor Statistics, www.bls.gov, Accessed 6/2/11)
New Jersey’s Unemployment Rate Was 8.0% When The Stimulus Passed In February 2009. (Bureau Of Labor Statistics, www.bls.gov, Accessed 6/2/11)
New Jersey’s Unemployment Rate Was 9.3% In April 2011. (Bureau Of Labor Statistics, www.bls.gov, Accessed 6/2/11)
New Jersey Has Received Less Stimulus Funding Per Capita Than The National Average
As Of January 2011, New Jersey Received $1,192 In Stimulus Money Per Capita – 7th Least Of Any State In The Country. (Pro Publica Website, www.projects.propublica.org, Accessed 4/25/11)
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