Democrats’ $1 Trillion Stimulus Didn’t Create Jobs Like They Promised. Democrats fell nearly 7 million jobs short of their stimulus promises for December 2010. It wasn’t until January 2014, an additional three years later, that the U.S. saw the number of jobs Democrats promised for 2010 with their trillion-dollar stimulus.
Democrats’ $1 Trillion Stimulus Didn’t Reduce Unemployment Like They Promised. The unemployment rate continues to be significantly higher than Democrats projected with their trillion-dollar stimulus.
The U.S. Economy Shrank in the First Quarter of 2014. After several quarters of modest growth, U.S. Gross Domestic Product (GDP) declined by 2.9 percent, a pace not seen since the recession ended in 2009.
Worst “Recovery” Ever for GDP Growth. Relative to prior recessions, growth in the U.S. economy has significantly underperformed during this “recovery.”
Thirty-Two States Have Yet to Recover Lost Jobs. Most States have yet to recover all the jobs that were lost during the 2007-2009 recession, marking another broken stimulus promise.
More People Dropped out of the Workforce during the “Recovery” Than during the Recession. In a “recovery” that has been three times longer than the recession, more than six times as many people dropped out of the workforce.
Invisible Unemployment Remains Above 10 Percent for 59 Straight Months. Although the unemployment rate has fallen, when combined with those that have given up looking for work, the “invisible” unemployment rate remains above 10 percent.
Sifting through the June jobs report suggests that when it comes to “quality jobs,” this may have been the worst June in recorded U.S. history. Specifically, in real (i.e. not seasonally adjusted) terms, June 2014 was: The worst June ever for full-time employment growth.
Far More Adults Have Left the Workforce Than Found New Jobs. Under the Obama Administration, the ratio of adults in their early and prime working years that have left the workforce for every one that found new employment is more than 3:1.
Men in Their Prime Working Years Are Not Working. Millions of men in their prime working years are unemployed or have dropped out of the workforce.