Reason #26: Democrats’ $1 Trillion Stimulus Didn’t Create Construction Jobs Like They Promised
Democrats’ $1 Trillion Stimulus Didn’t Create Construction Jobs Like They Promised. In January 2009, the Administration promised their stimulus would create over 800,000 construction jobs by December 2010. Instead, under this Administration, over 500,000 construction jobs have been lost.
Sources: January 2009 Romer/Bernstein Report (“Predicted With Stimulus”), 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.