January 9, 2010 marks the one-year anniversary of the Romer/Bernstein report in which the Administration’s chief economists promised Democrats’ 2009 stimulus law would “create between three and four million jobs by the end of 2010.” As the Democrat Majority in Congress considers its next stimulus bill, it’s worth reviewing how the 2009 stimulus law failed to deliver on its key promises.
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1. Through Q4 2010
2. Through November 2009; December 2009 data will be released on January 8, 2010
3. Romer, Christina. “From Recession to Recovery: The Economic Crisis, the Policy Response, and the Challenges We Face Going Forward.” October 22, 2009. http://www.whitehouse.gov/assets/documents/JECTestimony_October09-final.pdf