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April 29, 2013
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The Obama Administration once promised that, “A well designed recovery plan will not only create numerous jobs, but also many jobs paying good wages and providing full-time employment.” (Administration’s January 10, 2009 Romer-Bernstein Report on its economic stimulus plan, officially titled “The J...
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April 11, 2013
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In 2009, Administration economists predicted that as a result of the Democrats’ trillion-dollar stimulus plan, the unemployment rate would never rise above 8 percent and would decline to 5 percent by mid-2013. The unemployment rate then soared above 8 percent for over three years, and has only rece...
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April 8, 2013
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The official unemployment rate fell in March because 496,000 people gave up looking for work and dropped out of the labor force, not because significant numbers of Americans found jobs. This was the largest one-month drop in the labor force since December 2009 and the largest drop in the month of M...
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March 8, 2013
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Then: "It's about jobs. In its life, it [ObamaCare] will create 4 million jobs -- 400,000 jobs almost immediately." (Then-Speaker Nancy Pelosi at the Administration’s “Health Summit” on February 25, 2010) Now : “I’ve got a news flash for you. The Affordable Care Act is not a jobs program.” (Jared Be...
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February 27, 2013
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Today, in a letter in response to a request by Chairman Dave Camp (R-MI), the nonpartisan Congressional Budget Office (CBO) stated that the Obama Administration’s July 2012 “memorandum” that allows States to waive work and activity requirements for welfare recipients would cost Federal taxpayers al...
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February 15, 2013
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February 17, 2013, will mark the fourth anniversary of Democrats’ failed 2009 stimulus plan – and yet another year in which Democrats’ economic policy promises turned out to be oversold and underperforming. As displayed below, despite adding $1 trillion to the national debt, this 2009 legislation h...
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February 11, 2013
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Tomorrow, the President will describe the state of the union, including the state of the economy for workers and families. Americans are likely to hear more of the same from recent years – how Administration policies (1) laid a new foundation for future growth, (2) saved or created millions of jobs...
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February 7, 2013
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On Tuesday, the Congressional Budget Office (CBO) released a report that predicts that the unemployment rate will remain close to 8 percent through the end of this year. That’s the same level the Obama Administration predicted the unemployment rate would max out at in mid-2009, back when they were ...
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February 1, 2013
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In February 2009, President Obama signed the Democrats’ $1 trillion stimulus plan into law. As shown in their infamous January 2009 Romer-Bernstein Report (officially titled “The Job Impact of the American Recovery and Reinvestment Plan”), the Obama Administration predicted that with their stimulus...
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January 31, 2013
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Today, the Obama Administration announced that they would shut down the President’s Council on Jobs and Competitiveness. But will Americans really miss it? When it did meet, the President largely ignored the council’s most substantive recommendations. And now the council hasn’t met in over a year. I...
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COMMITTEE on WAYS and MEANS