Wednesday, January 27, 2010

Reality Check Re: "Stimulus" Spending...

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"Then you get the argument ‘Well this is not a stimulus bill; this is a spending bill." Whaddya think a stimulus is? That's the whole point! No, seriously. That's the point." Barack Obama, February 2009.

"[The stimulus is] doing more, faster, more efficiently, and more effectively than most expected." Joe Biden, September 2009.

"... the road to recovery is never straight... Last month, however, we slipped back, losing more jobs than we gained, though the overall trend of job loss is still pointing in the right direction. What this underscores, though, is that we have to continue to explore every avenue to accelerate the return to hiring." Barack Obama, January 2010.



Source: Heritage Foundation.

Job gains or losses in recent months (2009):

  • December: -589,000
  • November: +139,000
  • October: -526,000
  • September: -665,000
  • August: -384,000

All 2009: -5,396,000


Dept. of Labor, Household Survey data, via the St. Louis Fed.
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