Obama Stimulus: 32 Weeks of Record Job Losses

The $787 Billion  Obama Stimulus, AKA Recovery Act, was enacted in February, in an atmosphere of urgency and panic, by Congressmen and Senators who did not read it.  President Obama’s promise was an immediate halt in job losses and resumption in job creation.

Last January 9 President Obama commented on job losses during December, 2008:

Clearly the situation is dire.  It is deteriorating and it demands urgent and immediate action…the jobs report only underscores the need for us to move forward with a sense of urgency and common purpose.  Behind each and every one of those millions of jobs lost there are workers and families who are counting on us as they struggle to pay the bills or stay in their homes…For the sake of our economy and our people, this is the moment to act, and to act without delay.

A month later Congress enacted Obama’s $787 Billion “stimulus” or recovery act, based on his assurance that job losses would halt immediately.  Unfortunately for millions of jobless Americans the stimulus has failed.  Here are the numbers

• Weekly Unemployment Claims in December, 2008 averaged 544,000

• Weekly Unemployment Claims in September, 2009 averaged 548,000

Indeed Obama and Congress have discouraged job creation by continuously threatening:

• Income tax increases on small business employers where most new jobs are created;
• New health care mandates adding to the cost of employment;
• Government imposed, artificial energy shortages;
• New taxes on energy consumption.