The Committee on Ways & Means (Republicans) has just come out with a compilation of the real job losses since the “save or create” stimulus bill was rammed down our throats. Congratulations to the only state to create jobs, North Dakota, with a job creation total of 1,800 jobs.
On the bright side, all that money we gave the big banks saved quite a few jobs while destroying the small business owner and the middle class. High Five to the White House, Rahm Emanuel, and the rest of the social collectivists among us.
The Jobs Search
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. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, see the table below.