There are fewer jobs today than when President Obama signed federal jobs stimulus
June 15, 2011
When the federal jobs stimulus package was passed by the U.S. Congress and signed by President Obama wasn't it the promise that more jobs would be created?
According to the stats cited in this piece by CNSNEWS.Com, it didn't come close to happening. In fact, we've lost almost two million jobs since the stimulus was signed. It reports:
In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.
What does this mean? Is this proof that government can't create jobs? However, it seems that it can be an obstacle to creating jobs. Where would we be if the free market had been allowed to work? Worse or better off?