Pathetic… White House: Failed Stimulus Created 3.6 Million Jobs

Worst. President. Ever.
When they open their mouths, they lie. The Obama White House today claimed that their failed stimulus package created 3.6 million jobs and raised the US GDP by 3.2{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322}.

Not true. The economy has lost 2.5 million jobs since Obama moved into the White House.

Barack Obama continues to make his mark as the worst jobs president since the Great Depression.

That’s not all…
A new report shows that real GDP has risen 0.8{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} over the 13 quarters since the recession began, compared to an average increase of 9.9{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} in past recoveries.

(Trading Economics)

Clearly the Obama-Pelosi stimulus has been a massively expensive failure.
The Hill reported:

A White House report released Friday said the 2009 stimulus bill raised GDP by as much as 3.2 percent in the first quarter of 2011.

The report from the White House Council of Economic Advisers said the stimulus added 2.3 to 3.2 percent to gross domestic product in the first quarter relative to what it otherwise would have been.

The stimulus package also increased employment relative to what it otherwise would have been by between 2.4 and 3.6 million jobs, the report said.

Obama and Republicans have butted heads over the effectiveness of the stimulus, which was estimated to cost $787 billion when enacted.

Republicans, pointing to the latest report that unemployment rose again to 9.1 percent in May, claim it was a waste of money that did nothing to slow the recession. Obama maintains that the economy would be in worse shape without the stimulus.

The report credits the stimulus with positively changing “the trajectory of the economy” starting in the third quarter of 2009 and continuing through the first quarter of 2011.

A White House report released Friday said the 2009 stimulus bill raised GDP by as much as 3.2 percent in the first quarter of 2011.

The report from the White House Council of Economic Advisers said the stimulus added 2.3 to 3.2 percent to gross domestic product in the first quarter relative to what it otherwise would have been.

The stimulus package also increased employment relative to what it otherwise would have been by between 2.4 and 3.6 million jobs, the report said.

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