Good grief.  7 Months After Stimulus 49 of 50 States Have Lost Jobs

oops

T shirt from OMama!Obama?

America Now Over 6 Million Jobs Shy of Administration’s Projections

The table below compares the White House’s February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available).  According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted.  Only North Dakota has seen net job creation following the February 2009 stimulus.

stimulus job losses

Why this epic fail? The Myth of the Multiplier.

Reality bites one politician.

Another stimulus in the offing? Lawmakers Weigh Measures to Spur Hiring, Short of a Second Stimulus

H/T Instapundit

Advertisements