GOP Rep. Camp: 48 of 50 States Have Lost Jobs Since Stimulus
by PubliusThe only thing surprising in this report from The Hill is that two states actually have had positive job growth since early 2009:
House Ways and Means ranking member Dave Camp (R-Mich.) on Friday released data complied by his office that shows 48 out of 50 states have lost jobs since the February 2009 enactment of the economic stimulus bill.
“While Democrats promised their 2009 stimulus would create 3.7 million jobs, the reality is far different,” stated a release from Camp’s office. “To date, 2.6 million jobs, including 2.5 million private sector jobs, have been lost.”
According to the report, only Alaska and North Dakota have experienced positive job growth since early 2009. The District of Columbia also saw an increase in hiring during that period.
The report from Camp came on the heels of a Labor Department report on Thursday that showed jobless claims increased last week to 500,000, up 12,000 from the week’s prior total of 488,000.
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165 Comments
"The District of Columbia also saw an increase in hiring during that period."
That be Gubment jobs thanks ObaMao
But what about the jobs that have been saved? You didn't mention all the millions of jobs that the stimulus saved! Without Obama's livesaving move, we would undoubtedly be doing far worse, just as it would have been far worse during the Great Depression if FDR hadn't instigated massive interference with the economy!
/sarcasm
P.S.
" The District of Columbia also saw an increase in hiring during that period."
I am shocked, SHOCKED to see an increase in the bureaucracy after a round of massive stimulus spending.
And little to NO government involvement in their daily lives
Did you ever see the Birdcage, with Robin Williams?
Obama isn't taking aspirin.
The White House Doctor has prescribed him something special, because he is so special. "PIRIN".
MMMMMMmmmmmmmm MMMMMMMMMMMmmmmmmmmmm MMMMMMMMmmmmmmmmmmmmmmmm
It's always and ALL WAYS Bush's fault!!!!
Had not seen that
THANK YOU for the god news
" ShoreBank Corp., the Chicago lender operating under a Federal Deposit Insurance Corp. cease-and- desist order for 13 months, will be shut and most of its assets will be bought by Urban Partnership Bank, two people with direct knowledge of the matter said. "
" Urban Partnership, created to make the acquisition, will keep branches in Chicago, Cleveland and Detroit and continue to focus on low-income communities, the people said, speaking anonymously because the matter is private. "
Cowboy? is this like Acorn morphing into another entity?
This is what we all get when the democrats send a marxist to do a free market capitalist's job.
.
Let's see…what's in Alaska and North Dakota? Oil !
I wouldn't be surprised if there were some unsavory Chicago characters in the background. Urban Partnership bank might be worth doing some due diligence on.
Lets not forget the census takers. They have been rehired to do another round of questioning to the same people that have answered questions before. This time they have new laptops to enter the answers.
You beat me to the punch…unfortunately, anywhere where oil is found money is created and the liberals show up to spend it!…
The look on his face says “What a miserable failure I am. I wanted ALL 57 states to lose jobs.”
Copper,
Look at the investors:
"Investors include Goldman Sachs Group Inc., General Electric Co., JPMorgan Chase & Co., Citigroup Inc. and several philanthropic groups, the people said. ShoreBank raised more than $145 million from the firms in May and the funds were placed in escrow pending a decision by the U.S. Treasury to provide another $75 million in bank bailout funds."
Now why doesn't THAT, surprise.
Just another game of musical chairs.
Does anyone really think that investors are going to risk their money with this admin. attitude towards capitalism and industry. EVERYTHING!!! is going overseas. The great northern industrial cities have died, they have left. Stimulus is not going to bring them back. De-regulate if you want to re-employ,
Thanks Cowboy. Just more pimps controlling the tricks. (oops, meant to say the whore)
Just blame Bush and the GOP right Barry! Isn't it amazing how 18mos into this FOOLS presidency the blame game continues along with the lies(re saved jobs). His majesty and his court of fools continue to loot the nation while the rest of us go broke and are jobless. Hmm wonder why… ya know a crazy person looks at it like this. They are taking in all the cash they can then doing god knows what with it (moving it overseas, buying land, gold, buying other currencies etc) and in the process of fattening their pockets they are closing the door behind them so no one else can get rich. Then we hear all the time of a potential economic collapse, a nice restart when I am sure they will make all new rules and we will have 2 classes of people the ruling rich class .5% and then the rest of us. Does anyone not see it this way or is it just those of us that see things out of the box?
They could stimulate the economy for jobs by backing off drilling corporations on taxes and regulations. I contend it is the #1 reason they are all outsourcing overseas. Why make a widget here when cost to produce is say $10 in bullshit (taxes, regs, unions etc etc) when they can have it made somewhere else for $1 and no hassles. Where is the incentive for a company to produce here in the US? No, what do our leaders do they let China, a communist nation, b/c number one using slave labor for all intense purposes.
We are on a very dangerous road where those we entrust are failing us while they line their pockets and their supporters with our dollars and set up their little kingdoms. Time to get in their faces, time to put some fear (civil within the rule of law) into their heads because nothing… NOTHING is working to get them off this dangerous course they have put us on. You have to see that by now!
The animals in DC, fringe media and special interests must be caged and tamed through unconventional means through http://www.savingtherepublic.com
Here's something Obummer can be proud of:
WASHINGTON — Nearly half of the homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.
A new report issued Friday by the Treasury Department said that approximately 630,000 people who had tried to get their monthly mortgage payments lowered through the effort have been cut loose through July. That's about 48 percent of the 1.3 million homeowners who had enrolled since March 2009. That is up from more than 40 percent through June.
The report suggests foreclosures could rise in the second half of the year and weaken the ailing housing market, analysts say.
Hussein: FAIL
Pelosi: FAIL
Reid: FAIL
Democrats: FAIL
Remember November.
Copper,
I saw that on FOX business news tonight.
Another failed Obumble scheme.
Yes, they were trying to curry favor with OBAMA!!!
Ha ha ha ha!
Too funny!
PROGRESSIVES FAIL & DIE
People on this thread may not like what I have to say:
Obama's Stimulus DID SAVE JOBS, the trouble is they were union jobs in blue states that rather than having 30% unemployment they kept it at between 15-20%.
Darwins Laws fit very well with capitallism. If a business cannot compete and grow it will die and be replaced by something better. UNIONS and OBAMA defy this natural law by drawing the life blood out of our economy to artificially breathe life into a business model that should have died,,,,and been replaced.
Obama and the unions are in a race to mediocrity for the nation.
"No matter how many times I hit my head, the voices just won't stop."
I love the photo… pounding his empty head.
Man this is getting really old
Can't wait till November
He's beating the old Kenyan war drum.
OK SK I hate it when your RIGHT
/sarc/
OT; anyone see this? It should be very interesting. Full report not posted yet. http://canadafreepress.com/index.php/article/2676...
Nope.
There is a ton of cash, all sitting on the sidelines. Nobody will gamble in business, while there is a Crisis of Confidence in Government.
Obamas affirmative action college degree dosent work now that he is accountable for his actions and everybody is watching him.
Yes.
I saw it earlier.
Thank you for posting it here.
I used to post alot of material from CFP here, but felt that folks were getting tired of it. They are a good source.
It began when Pelosi got her hammer. Take a look at where unemployment rates were when THAT transition happened. Presidents have LESS of an impact on jobs,,,except in Obama's case, than the congress does. When it comes to building deficits, presidents can request,,,but congress spends.
Bush inherited a recession and got handed 9-11 to start his two terms and look at what he got done with unemployment and deficits. His term included huge spending on the wars, which Obama's spending has eclipsed in just 18 months.
Bush made some really bad decisions but his handling of the economy was not one of them.
You people with the red after your name, serve no purpose here. Are you that bored, or paid minimum wage?
The yellow next to yours is fitting.
You must be color blind- it looks green to me, TROLL.
I think Soros pays them a nickel for each negative click. It is a good deal for him, but not for his useless idiots. This poor fool has only made $4.20 during his troll career. But I guess he is happy with a bag of Cheetos and a big bottle of Mountain Dew- the dew keeps him awake… sort of.
good one CL….
It began in 2002 when George Bush ignored Warren Buffet's warning of the danger that the derivatives posed. As a result, when the building boom ended which had been built on a house of cards, the economy collapsed. Oh, I know someone is going to play the Barnie Frank/Fannie Mae/Freddie Mack card, the problem with this is Henry Paulson says the recession had nothing to do with this. As a result, Obama inherited a mess and this was not going to be solved overnight. Yes unemployement is high, but no one knows where it would be if this bill had not been passed.
I sincerely hope obama has a "brain hemorrhage"! He is in way over his head and the pressure will take it's toll.
It's not the color it's what's in it….CL=+127 neoconsRcommies= -83….
I'll take CL anytime over a negative looser….
Sorry for breaking my general rule of thumb down move on….
Aww Coyboy, Soros/Stern/Media Matters only pay minimum wage. He is probably stuffed in a little room in the back of the old market in Berkeley using candlelight. Partly because they smell really bad.
"Just the facts on the Fiscal Year End: The 2009 fiscal year for the federal government ended 2 days ago. The deficit through the first 11 months was $1.4 trillion, 43 cents of every dollar spent was borrowed, and the national debt is now $11.77 trillion which is a 35% increase since Democrats took control of Congress in 2006. More debt has been accumulated in those 33 months than in the entire period of the nation's history from 1789 to 1989. You can draw your own conclusions, they are pretty obvious. This is unsustainable"
John Campbell, Congressman – California
The building boom was built on a house of cards – during hte 90's. I'm NOT blaming Clinton for the economy, so don't even go there. And I highly doubt what Paulson stated. The Fannie/Freddie mess contributed greatly to the mess we are in.
And when are you libs EVER going to admit this economy is Obama's now? He passed a $700+ billion stimulus/spending package. He has added GREATLY to the economic mess we are in. Believe me though, I was NO fan of Bush's economic policy. He spent like a drunken sailor, and from 2006 on, he had a Congress that was more than happy to sign the checks.
But…Bushie Bush Bush Bush Bushie Bush Bush Bush Bush Bush!!!!!!
First off the republicans are just as much responsible for Fannie and Freddie as the democrats. Both hands are dirty. Second the recession was several things but all can be narrowed down to government meddling. It is irresponsible to ignore the Fannie and Freddie collapse. At the beginning of the sub prime boom (around 2002) the total inventory of sub prime and interest only loans held by Fannie and Freddie was 8%. After CRA and the democrats push to make housing more affordable, the inventory shot to over 25% by 2008 when it crashed.
The government essentially provided a toilet for loan makers to dump these bad loans into. If this didn't exists there would exist no economic reason to offer sub prime loans to people who could not make the payments. Simple rule of greed: greedy people don't do unprofitable things. UNLESS they could pawn the loan off onto someone else, there is no profit in making a loan that simply would default. No bank, no country would touch them so there would exist no market to sell them in. Greedy people are funny that way.
MORAL HAZARD.
So tossing the Fannie and Freddie fiasco is not being honest. Also no one is saying the initial collapse in Barry's fault. The complaint is Barry is NOT allowing the ,markets to recover and in fact is beating the fallen patient with a baseball bat. Its like fixing a hole in a boat by punching 20 more holes in the boat. Barry's efforts simply will force us into a double dip. Barry, in fact, is doing everything one would do to keep the country from recovering as FDR did.
The initial crash was caused by the Bush admin but also by both parties. Bush supposedly put 5 trillion onto the national debt. Can you name ONE democrat who voted NO on any of that money? "No we can't spend that much money… its wrong". If today the republicans can supposedly stop the greatest majority of democrats in history then the democrats could have easily stopped a far less majority of republicans. In fact democrats had majority in the last 2 years.
The best thing Barry could do is take a play from Calvin Coolidge and get out of the way of the market, pay down gov debt, lower taxes and reduce government.
Let me ask you. if you household was suffering a financial crisis like you lost your job, would you run out and max out your credit cards on fancy new stuff? Or would you cut, cut, cut spending? Yeah sure you MIGHT buy a new suit for a job interview but for the most part you're going to cut your cable, your club memberships, cook instead of eat out, drive less, repair your car instead of buying a new one, clip coupons etc. Barry isn't being fiscally responsible.
As for your last comment about the unemployment and the bill "saving" jobs, that is technically called a "McGuffin". See this coin, it wards off tigers. Do you see any tigers? Boy this coin works great.
Yes we DO know what would happen because we have historical evidence to show that when gov spends less, we get more jobs and more growth. The fact you leave out is that money HAS TO BE PAID by the tax payer at some point. Its like borrowing off a credit card. A momentary surge but followed by a bust when the bill comes due. Also there exists NO evidence that the stimulus as prevented any job losses and in fact lots of evidence that the more gov spending has created more job loss.
So sorry, but you are wrong. According to Paulson, there were very few sub-prime loans until 2002. But this is not suprising. You really believe a recession which forced nearly every major bank in the United States to accept federal money or close their doors is going to be solved in 18 months? Please.
So you blame Bush for not stopping the housing bubble, but you absolve Clinton and the democrats of any blame for starting it, and even hastening the collapse. Pretty convenient.
Bush is responsible for everything, even the stuff that happened before he was President – such as the housing market bubble Bill Clinton created.
Once again, according to Paulson, there were very few sub-prime loans made until 2002. Bush took over in January of 2001.
The Second American Revolution http://www.youtube.com/watch?v=pKFKGrmsBDk&fe....
In the End, we will remember not the words of our enemies, but the silence of our friends.
Martin Luther King, Jr.
CRA!
Watch for all the rats jumping ship, should be instructive…what fun!
What will the pimps, and hos do?
three words … NO SH*T SHERLOCK!
All of the stimulus money is being HELD by whoever gets it …
they are not spending it!!! WTF?!!!
Especially at the White House, what with all the zillions of new staff that every other president was able to do without…
Late Night with the Obamas
http://vimeo.com/14138865
Not only the "saved" jobs but now the new bull$h!t metric "lives touched" from the stimulus.
What a bunch of arrogant progressive marxist we have living in the shadows of their dear mentors Lenin, Stalin, Mao.
re the pic on this piece……….o's thinking…….damn, it's gotta be 5 o'clock somewhere!
.
The usual source of e coli is bovine excretement, isn't it?
Actually, "Fish" in Alaska. Tourism is down a bit.
Hey Barry, didja hear, 48 out of 57 states have a net loss of jobs in this recession. But the good news is that government unions are bigger and better paid than ever. Hey, as long as there are taxpaying suckers/ uh ….evil rich corporate exploiters and polluters to tap, the gravy train can keep on rolling, right?????
Way to go with the Ponzian economic policies Democrats.
This message brought to you by NAP (National Association of Parasites)
Soros probably pays them through a dummy NFP corp so he can pay less than minimum wage.
And which of Clinton's policies did Bush change that led to the collapse?
Yes there were very few in 2002, about 8% of Fannie and Freddie's inventory. But so what? Why is 2002 significant?
yes since every other recession has pretty much recovered in about a year in history. Most certainly Calvin Coolidges 1920 depression recovered by 1922 and lead to the roaring 20s.
So what. That does not mean Fannie and Freddie weren't responsible and in fact, by 2008 Fannie and Freddie had over 25% of their inventory as sub prime loans.
The democrats did control Fannie and Freddie for those 8 years and resisted Bush's attempts to audit them. Plenty of you tube video to confirm this and confirm Barney frank telling us they were solid about 6 months before the collapse.
I don't see why you keep dwelling on 2002 other than that's when Bush got in. So what. Its well known that programs are controlled by parties regardless of who the dominant party is in the white house.
So now that 18 months have gone by there HLB,……..
does this mean that, thanks to Obama's "policies",………
recovery is just around the corner,……………….
ya don't have to answer there Libby,……
we BOTH know that it is not
OK,…..OK,……. let's accept your nonsense and,………
we all agree that it was Bush's fault (2002),…….
it is now 2010,………
what is Bush,,…..oops,….. I mean Obama going to do about,……..
deBushing the economy.,……….
besides,……"save jobs"
Why the hell didn't I just stay in the Illinois Senate in Springfield,……
where all had to do was just say,……"PRESENT"
My post was in reply to an individual who claimed the housing boom in the late 1990's was built on a house of cards. Since it was the sub-prime loans which caused the economy to collapse and these loans were rare until 2002, the post is incorrect.
You have an economy which had the credit markets virtually frozen and a Dow which had lost over half of its value and you expect to come out of this mess overnight? Please.
The sub-prime loans became popular in 2002 and these loans brought our economy to its knees. Bush did nothing to stop it even though Warren Buffet warned in 2002 of the dangers these loans created.
Shocked. SHOCKED, I tell ya………….NOT. Time once again for this little gem, named:
The Great Reneger
http://www.youtube.com/watch?v=QdKmc9aBELM
You are disagreeing with Henry Paulson. He blamed both parties for the collapse of Fannie and Freddie.
Sorry, Ralph, but it is not nonsense. The economy collapsed in 2008, not 2002.
Actually it started way before Bush even got into office….. Bill Clinton, and his two Treasury Secretaries, Robert Rubin and Larry Summers were directly responsible for signing the ruinous Commodity Futures Modernization Act that exempted all Derivatives from regulation and oversight. Hmmmmm……. and who do you think Billary was in cahoots with on this one……..Nice try pointing the finger at Bush!
Yes, and who was the majority party in both houses when this bill was passed?
Ok,…again,…..not overnight,……….
but when,……..??????
When HLB,…….WHEN,……??????
6 more months,…….a year from now,………??????
Ya sure like talking about the past there HLB,……..
could it be because the present and the future are both WORST.
Not to worry. The main thing is, Barry has improved his golf game. /Sark
O ne
B ig
A ss
M istake
A merica
"Four legs good, two legs bad!"
Or rather, in today's day and age
"Oba-mao good, Bush bad!"
"Does anyone really think that investors are going to risk their money with this admin. attitude towards capitalism and industry. EVERYTHING!!! is going overseas. The great northern industrial cities have died, they have left."
And then of course, the businessmen will be blamed for failing to do their "public duty" in providing livelihoods and adequate benefits to their employees, at which point government will graciously step in with some more rulings and directives, which will make industry even more paralyzed, which will cause government to institute more regulations… it's a black hole.
Now if only it could stimulate his mind… oh wait, in order for caffeine to stimulate your brain, it's first necessary to actually possess one!
Bush did help with the housing market bubble. So did Clinton. So did Greenspan… who ruled the Fed through since the days of Bush I. It was a complicated process, with blame properly assigned to both sides. The thing that makes us different from the Liberals is that they think only Republicans are the problem; we know that both sides suck.
Oh, well if we're disagreeing with Henry Paulson, then of course he must be right and we must be wrong. Duh! It's true because Henry Paulson said so. Why didn't I think of that?
Shhhhhh! You'll jinx us up here!! If the demoroids or greenies hear we're making money off of evil oil and natural gas, they'll find a way to shut it down!! Meanwhile, yeah, if you need work, there's plenty up here (ND).
And who signed the bill….Clinton!
When Americans are out of work the President just cannot say that they are better off, that they have imaginary jobs.
Hell, even Obama Supporters know the difference between an imaginary job and a real job.
I blame both parties as well. But I also don't TOSS Fannie and Freddie out of the equation.
The republicans who ALSO were the majority party that created the surplus under Clinton. Clinton merely signed the papers. It was the republican congress that created the surplus.
This article is wrong. It is really 48 out of 57 states that have lost jobs — with one to go. Yes, folks, he is brilliant!
http://www.youtube.com/watch?v=EpGH02DtIws
Lets see, You robbed our Treasury of all of our Tax Dollars, Obama, and plunged us 13 TRILLION dollars into debt. No one knows where any of our money went……………..What could possibly go wrong?
The actual unemployment figure is approaching that. Not this fake 9.5% BS.
Don't you know, Bush went there and S**t in that pond!!!……lol
Without enough jobs to go around, we need to halt legal immigration and kick out the illegal immigrants.
Franklin Raines – look him up. He's the culprit.
You know, you are engaging in a protracted exercise in "he said, she said" when the fact of the matter is that the voters are PISSED NOW – Aug, 2010 – and they want REVENGE and they will take it out on DEMOCRATS because the politician the AMERICAN VOTER HATES the MOST isn't on the ballot – Barry Hussein Obama.
Huskers HATE Bo, poor people are turning on him, independents have deserted him, upper middle-class whites have ALWAYS hated him, even his favoribility with blacks is down into the mid 80% range after being 95% since he was elected.
November will be a referendum (emphasis on DUMB) on Obama. He will be "refudiated" – BADLY.
So, 48 states have lost jobs? At least the other 9 states didn't lose jobs.
And yet you continue to support people and policies that make the situation worse…
Libtards should support companies and policies that keep employment high…so that there's more rich to fleece of their money to fund libtard pet stupidity projects…
Too late for you…conservatism is going into ascendancy…the tag has already been affixed to blame Democrats…and the Dems anemic attempts at damage control by blaming "_____", (Bush, etc.) is like watching cows on ice skates…
By the way…we're coming for the rest of you in 2012…and 2014…and 2016…
"People on this thread may not like what I have to say…" ??? It had to be said, StoryK, because there are still a lot of Americans (albeit not many that visit this site) who do not grasp the basic premise of "lower taxes for the rich" and less regulation = greater investment by "those evil rich" = job creation and opportunities for the "not-rich."
Unions in the private sector are one thing — although any mandatory union membership is a travesty — but quite another thing in the public sector. I'd really like to see "Darwin's law" (thanks, great reference) turned loose there, and the public-sector unions dissolved.
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