Reason #15: Democrats’ $1 Trillion Stimulus Didn’t Reduce Unemployment Like They Promised
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.
Sources: January 2009 Romer/Bernstein Report (“Administration Prediction With Stimulus Plan”), and Department of Labor, Bureau of Labor Statistics (“Actual”).
As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40 jobs bills the House has already approved. The reasons define the distress Americans continue to feel in the “new normal” of high unemployment and weak job creation resulting from Obama Administration economic policies.
View the prior reasons here.