With 3 Million More Unemployed and $2 Trillion in Added Debt, Obama Misery Index Continues Relentless Rise
Ways and Means Ranking Member Dave Camp (R-MI) today released data showing the “Obama Misery Index” – the combined change in unemployment and public debt since the President took office – has skyrocketed 57 percent through the first quarter of 2010.
Camp stated, “The Obama Misery Index highlights how the Democrats’ stimulus plan has been a costly failure. Since the President took office, 3 million Americans have been added to the unemployment rolls while public debt soared by $2 trillion – or about $27,000 per family of four. As Democrats promote more ‘jobs bills,’ Americans should ask whether these latest proposals will actually create jobs and lower the debt. The evidence suggests not. It’s time for a change in course.”
Source: Ways and Means staff calculations, using Department of Labor and Department of Treasury data.