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Camp: Jobs Report Confirms Continuing Failure of Stimulus to “Save or Create” Jobs

July 02, 2009

Washington, DC – Following the release of the June 2009 jobs report this morning, Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement:

“American workers didn’t need to wait for the latest jobs report to know that the President’s trillion dollar spending bill is not creating jobs.  At 9.5 percent in June, our current unemployment rate is 1.6 percentage points higher than the President said it would be with his so-called stimulus bill.  These aren’t just numbers – they are families struggling to get by without a paycheck.  Right now there are 2.5 million more Americans unemployed than the President said there would be under his plan.  Clearly, the President’s plan is not working.  Instead of ‘saving or creating’ 3.5 million jobs, the country has lost 2 million jobs since the President signed the stimulus bill into law in February.

“Despite the hardships millions of Americans are facing, the President continues to pressure Congress to rush through new energy and health care taxes that will further drive up costs for families, harm our economy, and destroy jobs.  We can and should solve the nation’s energy and health care needs without bankrupting families, businesses and the Nation.”

Camp also released the data below showing actual unemployment and unemployment rates are in stark contrast to the President’s predictions:    

 Source: Ways and Means Staff, using Administration unemployment rate projections and actual labor force data.