As displayed in the chart below, Democrats’ 2009 stimulus bill has failed to create jobs, as 47 out of 50 states lost jobs between February 2009 (when the law was signed) and November 2010 (the most recent data). It is telling that the only place in America that has exceeded the White House’s expectations for job creation is Washington, D.C. Meanwhile 13 States (CA, CO, DE, GA, IL, KS, MI, MO, NV, OH, RI, WI, and WY) have lost more jobs to date than the Administration predicted they would gain.
The U.S. unemployment rate has remained at or above 9.5% for 16 consecutive months - the longest period since the Great Depression. Fortunately a bipartisan tax agreement was signed by the President today, preventing a job-killing tax hike from taking effect. While the Democrats have spent the past four years enacting unpopular, job-killing legislation, the passage of this bipartisan tax agreement is a positive sign for our nation’s employers that real economic recovery has a chance to take hold in the months ahead.
Administration Projection of Change in Jobs Through December 2010