Heritage on the Jobs Numbers

http://www.futureofcapitalism.com/2010/09/heritage-on-the-jobs-numbers

The Heritage Foundation's take on this morning's jobs numbers:

By every objective measure, President Barack Obama's economic stimulus package has been a complete failure. When President Obama was selling his stimulus plan to the American people, he promised it would save or create 3.5 million jobs by the end of 2010. At the time, employment stood at about 135.1 million, according to the Labor Department's most commonly used measure. That established an Obama jobs target for December 2010 at 138.6 million. According to the latest jobs report, total U.S. employment stood at 130.3 million in August, which means the cumulative Obama jobs deficit stands at 7.5 million.

by Editor  |  Sep 3, 2010 at 10:05 am Related Topics:  Non-Profits, Stimulus receive the latest by email: subscribe to the free futureofcapitalism.com mailing list