With the monthly unemployment rate rising to 9.2 percent last week and only 18,000 jobs created in the month of June – the economic outlook is very bleak for America. Already, July is looking like another stagnant job month with over 400,000 Americans already getting the pink slip in the first week. Our economy has shed over 400,000 jobs each week for thirteen weeks now. These numbers are simply unacceptable and President Obama’s failed policies and irresponsible priorities are to blame.
Where are the jobs President Obama promised back in January 2009? Back then, the Obama Administration predicted that the jobless rate would not surpass 8 percent if the stimulus bill passed. Of course, the stimulus bill did pass, and we haven’t seen unemployment below 8 percent since.
The failed stimulus has done nothing to put the economy on the right path towards prosperity – in fact, it cost the American taxpayer $278,000 per job created. The Obama stimulus plan was nothing but a lesson in how to waste almost a trillion dollars in taxpayer funds. (Read Citizens United’s exclusive report on where the stimulus money went.)
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