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“Stimulus” Recipients and the White House Spin |
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OCTOBER 15, 2009
Today, the White House announced the first "hard" evidence of their effort to account for jobs created by the $787 billion "stimulus" bill. Today's report is the first confirmed number of jobs created by the "stimulus" and includes data on the $16 billion awarded to 5,232 federal contract recipients to date.
Jobs Created?: Today's report says that $16 billion in federal contracts awarded from the "stimulus" have resulted in 30,383 government-supported jobs. While the White House's Chief Economist, Jared Bernstein, said that the number of jobs "exceeds our projections," it represents 1 percent of the roughly 3 million jobs that have been lost since the "stimulus" was passed in February.
Cost per Job: With $16 billion in federal contracts awarded, each job created in the past seven months cost $526,610. These federal jobs are directly paid for with taxpayer dollars and, as such, do not reflect growth in the real private-sector economy. If the cost per government job remains the same, the $787 "stimulus" could possibly produce 208,000 jobs in eight months-compared to the 263,000 jobs lost in the month of September alone.
Unemployment: In January, the president promised that the trillion dollar stimulus bill would keep unemployment below 8 percent. According the today's report, $110 billion has been paid out for contracts, grants, loans, and entitlements since February. Over that same span of time, the unemployment rate has jumped from 8.1 percent to a 26-year high of 9.8 percent.
Broken Promises: In January, the president's chief economic advisors, Christina Romer and Bernstein, warned, "In the absence of stimulus, the economy could lose another 3 to 4 million more" jobs. In reality, the trillion dollar "stimulus" has created 30,000 confirmed jobs, while 3 million more have indeed disappeared.
Democrat Rhetoric: In a statement, Bernstein expressed his delight with the 30,000 jobs reported today, saying "All signs-from private estimates to this fragmentary data-point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months." But while the White House touts unsubstantiated claims of "saved" jobs, 15 million Americans are unemployed and looking for work.
What's Next?: Rather than work with House Republicans on real pro-growth policies, the President is determined to increase federal spending and place more federal regulations and taxes on American families and small businesses. Democrats have already rejected a Republican alternative that would have created twice as many jobs at half the cost. In spite of the nation's fiscal and economic crisis and the desires of the American people, Democrats continue their attempts to ram a government takeover of health care which includes trillions of dollars in taxes and new entitlement spending, as well as an $846 billion national energy tax through Congress.
Related Media
| 2/20/10 Weekly Republican Address: Rep. Dave Camp (R-MI) Feb. 19, 2010 | Weekly Republican AddressRep. Camp: "So in order to have a productive bipartisan conversation on health care, Democrats must first listen to the American people and scrap their massive government takeover of health care. We must go into the summit with a clean slate focused on making health care affordable. That is what Americans are asking for, and that is what Republicans will continue to work for."  |
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| 11/26/09 Weekly Republican Address: Rep. Mike Pence (R-IN) Nov. 26, 2009 | Weekly Republican AddressRep. Pence: "The American people know we can't borrow and spend and bail our way back to a growing economy. ... Republicans have proposals to get our economy moving again, to achieve energy independence and lower the cost of health care." |
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| 10/21/09 Republican Leadership Stakeout Oct. 21, 2009 | Press ConferencesHouse Republicans discuss jobs, small business, and health care after their weekly conference meeting. |
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| 10/14/09 Republican Leadership Stakeout Oct. 14, 2009 | Press ConferencesHouse Republicans discuss the economy and health care after their weekly conference meeting. |
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| 10/7/09 Republican Leadership Stakeout Oct. 07, 2009 | Press ConferencesHouse Republicans discuss Afghanistan, the economy, and health care after their weekly conference meeting. |
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| Weekly Republican Address: Rep. Candice Miller (R-MI) Oct. 03, 2009 | Weekly Republican AddressRep. Miller: "Republicans hope that the President and Speaker Pelosi will put aside their job-killing agenda and help promote policies to get Americans working again." |
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| 9/30/09 Republican Leadership Stakeout Sep. 30, 2009 | Press ConferencesHouse Republican leaders discuss the jobs, the economy, and health care after their weekly conference meeting. |
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| 7/14/09 Republican Leadership Stakeout Jul. 14, 2009 | Press ConferencesHouse Republican leaders discuss the economy and health care. |
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| 5/2/09 Weekly Republican Address: Rep. Lynn Jenkins (R-KS) May. 02, 2009 | Weekly Republican AddressRep. Lynn Jenkins (R-KS) delivers the Weekly Republican Address on spending, taxes, President Obama's first 100 days, and Republican solutions to curb spending, create jobs, and control the debt. |
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| 4/28/09 Republican Leadership Press Conference Apr. 28, 2009 | Press ConferencesRepublican leaders discuss the out of control Democrat sepnding, debt day, and President Obama's "cap-and-tax" plan. |
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| AIG: An Outrage Mar. 18, 2009 | FeaturesRepublican Leader John Boehner, Whip Eric Cantor, and Conference Chairman Mike Pence on the AIG Bonus Outrage. |
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| Rep Shuster: Helping Responsible Homeowners Mar. 05, 2009 | Republicans in CongressRep. Shuster (PA-09) talks about his legislation to give homeowners who pay their bills on time an incentive to continue to keep being responsible. |
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| Fox News on Ways and Means Hearing with Sec. Geithner Mar. 04, 2009 | What They're SayingFox News Reports on the Ways and Means Committee Hearing with Treasury Secretary Timothy Geithner |
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"Finding More Jobs at Half the Cost" - Rep. Thad McCotter Feb. 13, 2009 | Weekly Republican Address |
| Rep. Dreier: You Can't Read 1000 Pages in 2.5 Hours! Feb. 13, 2009 | Solutions for Real JobsRep. Dreier (CA) questions the possibility of reading the Stimulus package in less than 2.5 hours |
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| Rep. Pence: Families are Hurting, but This isn't the Right Thing Feb. 13, 2009 | Solutions for Real JobsAs American families are hurting, Republicans are not about saying "No", but saying "Yes" to solutions that will put Americans back to work |
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"We Can't Rely on More Government Bailouts" - Rep. Mike Pence Jan. 09, 2009 | Weekly Republican AddressConference Chairman Mike Pence on Republican solutions to turn our economy around without massive government bailouts. |
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February 24, 2009
Republicans Call For Spending Freeze Now!
American families and small businesses are making sacrifices and cutting expenses. Whether through tightening family budgets, or cutting expenses...
February 23, 2009
Blunt: Freeze Federal Spending -- Now
Missouri Congressman Roy Blunt, a Republican and U.S. Senate candidate from southwest Missouri, today responded to President Obama's call...
February 13, 2009
Analysis: Stimulus Won't Jump-start Economy
WASHINGTON -- No, the big stimulus plan won't "save or create 3.5 million jobs," as the president and congressional...
February 13, 2009
CBO Predicts Lower GDP In A Decade
"The Congressional Budget Office says President Obama's giant economic recovery bill will actually hurt Americans' paychecks in the long...
February 12, 2009
Pence Calls For Democrats To Show Americans the Stimulus'
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in...
February 11, 2009
Pence Calls Democrat “Deal” On Stimulus “Long Wish List Of Big Government Spending That Won’t Put Americans Back To Work”
U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in response to reports...
February 11, 2009
Washington Post Criticizes Obama's "Straw Man" Tactics
By Michael D. Shear and Anne E. Kornblut Washington Post Staff Writers Wednesday, February 11, 2009; A06 FORT...
February 11, 2009
Talking Points On Pelosi-Reid Backroom Deal
House Republicans know we are in a serious recession. The American people are hurting and Republicans know Congress must act...
February 11, 2009
Drudge: $300 Million In Stimulus For 'Green Golf Carts'
New York Post: CONGRESS $HOPPING CARTS Access the original article here. By GEOFF EARLE Post Correspondent ELECTRIC...
February 10, 2009
Pence Challenges House Democrats On "Do Nothing" Charge
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, responded to charges from House Democrats...
February 09, 2009
"Worn Idea" the American People Are Tired of is "Runaway Federal Spending"
WASHINGTON, DC - U.S. Congressman Mike Pence, chairman of the House Republican Conference, appeared on NBC's "Meet the Press"...
February 05, 2009
Pence Urges Senate Colleagues To Reject Democrat Spending Bill
WASHINGTON, DC -- U.S. Congressman Mike Pence, Chairman of the House Republican Conference, issued the following statement today in...
February 05, 2009
WSJ: What Is Congress Stimulating?
Contrary to conventional Beltway wisdom, the House Republicans' zero votes for the Obama presidency's stimulus "package" is looking like...
February 04, 2009
Stimulus Talking Points
- Our nation is in a recession and millions of Americans are hurting. - Congress and the...
February 03, 2009
What They're Saying: Republicans Have A "Legitimate" Objection To Democrat "Stimulus" Plan
"... the economic measures racing through Congress would devote tens of billions of dollars to causes that have little to...
February 03, 2009
Pence: “More Big Government Spending On A Liberal Wish List Of Programs Won't Cure What Ails the American Economy”
Note: To view the speech, click here WASHINGTON, DC -- Following are the remarks delivered by Congressman Pence,...
February 03, 2009
GOP Challenges House Democrats To Release Omnibus Details
House Republican leaders on Tuesday called for public release of the proposed omnibus legislation that would encompass the nine...
January 28, 2009
Purely Partisan Bill Will Burden Generations With Unsustainable Debt Despite Bipartisan Opposition
Today the House passed H.R. 1 [digest | votes], the "American Recovery and Reinvestment Act of 2009." The...
January 27, 2009
Pence Denounces Democrat Stimulus Bill:
WASHINGTON – In response to the filing of the Democrat version of a stimulus bill, Congressman Mike Pence, chairman...
January 23, 2009
Stimulus Talking Points
The American people are hurting and our economy is in a recession. Congress is right to take action to stimulate...
January 23, 2009
Boehner Statement on House Republicans’ Economic Recovery Proposals
House GOP Leader: “Our proposals are rooted in the belief that fast-acting tax relief, rather than slow-moving and wasteful government...
January 22, 2009
Boarding Pass
TALKERS ON THE STIMULUS The American people are hurting and our economy is in a recession. Congress is right to take action...
January 14, 2009
Pence Lauds RSC Economic Stimulus Bill
Today, the House Republican Study Committee (RSC) unveiled its economic stimulus bill, the Economic Recovery and Middle-Class Relief Act....
January 14, 2009
Editorials Oppose TARP Expansion
Investor's Business Daily Editorial: "Show Us The Money" Excerpts: "One of the key principles of those who want to shrink...
January 14, 2009
Troubled Assets Relief Program (TARP) Talking Points
We are in a recession, and the American people are hurting. House Republicans are on the side of the...
January 08, 2009
Pence: House Republicans will be on the Side of the American Taxpayer
U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech on the floor of the...
January 07, 2009
Newspapers Nationwide Echo House Republicans’ Call For Sweeping Tax Cuts And Fiscal Restraint To Stimulate Economy
"[The Democrats' stimulus bill] doesn't include substantial tax cuts for American families, and it doesn't include necessary tax relief for...
