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Chairman Dave Camp

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Obama's Job Claims: Haven't We Heard This Before?

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Washington, Sep 16, 2011 | comments

Last night, at a Democratic Fundraiser in Washington, DC, President Obama said his latest “jobs” proposal would, “add two percentage points to the GDP, and add as many as 1.9 million jobs, and bring the unemployment rate down by a full percentage point."  However, as Congress reviews the President’s latest proposal, it is worth examining previous predictions the Obama Administration has made about their “job-creating” stimulus policies compared with their actual record on job creation:

Then

“A package in the range that the President-Elect has discussed is expected to create between three and four million jobs by the end of 2010."  - “
The Job Impact of the American Recovery and Reinvestment Plan,” January 10, 2009


Now

 

Source: Department of Labor unemployment rate data and Obama Administration projections.

 

 

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