We heard that the “stimulus” would create 3,500,000 by 2011. To give the Obama administration the benefit of the doubt, let’s assume that means the end of 2011. That just happens to be 35 months, so we should average 100,000 new jobs a month starting in February 2009.
Unfortunately we continue to lose jobs every month which means that the number of jobs per month that need to be gained to have a net gain of 3,500,000 by the end of 2011 goes up every month.
For example, since we have lost 3,386,000 since the “stimulus” promise, we now need to average approximately 255,000 new jobs per month until the end of 2011.
Confused? Maybe a chart will help:
Not looking very stimulative ….
We are headed in the opposite direction in a hurry. So when someone (Biden, Obama, Reid, Pelosi) tells us that the stimulus is working, what exactly do they mean.
Where’s the jobs?
It will take some major job gains just to get back to where we were when the “stimulus” was passed, let alone back to where we were before Pelosi & Reid too charge of Congress:
Things certainly have changed…
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