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Economy
7 Months After Stimulus 49 of 50 States Have Lost Jobs
2009-10-22
The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million -- a difference of 6.2 million jobs.
Posted by:Fred

#11  C'mon guys... did you not get the memo? It's Bush's fault. Duh.
Posted by: eltoroverde   2009-10-22 21:12  

#10  Tonight on MSNBC - Stimulus produces jobs in North Dakota!"
Posted by: DMFD   2009-10-22 19:37  

#9  The problem: financial institutions refuse to loan money for payroll and inventory. Bailouts without rationalization of capitalization, make no sense. However, once the Big Four (with 60% of US savings deposits) have written down more of the Derivative paper that they hold (90% of the total), then the Fed will end their tight money policy. Yah, the Fed is the player piano of the Big Four.
Posted by: Helmuth, Speaking for Grerelet4852   2009-10-22 19:14  

#8  Why is North Dakota different from the rest of us?

Huge energy reserves, esp coal, and low population. Too bad the Obamanauts have vowed to destroy that.
Posted by: ed   2009-10-22 15:17  

#7  Dammit, WoozleU, ya beat me to it.
(grimace)
(scowl)
Posted by: AlmostAnonymous5839   2009-10-22 14:02  

#6  Why is North Dakota different from the rest of us? A North Dakotan is smarter than the average bear. People there don't like the Kool Aid the rest of the country is addicted to.
Posted by: Anguper Hupomosing9418   2009-10-22 13:32  

#5  49 out of 50? What happened to the other 7 states?
Posted by: Woozle Uneter9007   2009-10-22 12:12  

#4  Looking at the projected total, 3.46 million vs the actual, 2.7 million loss is sobering.

I think at this point, anyone who still believes anything the government tells them about "saving" or "not costing" anything need to be shot for stupidity.
Posted by: DarthVader   2009-10-22 11:45  

#3  norweigans
Posted by: odin   2009-10-22 10:42  

#2  Why is North Dakota different from the rest of us? Don't they know we have a Depression going on?
Posted by: Richard of Oregon   2009-10-22 09:52  

#1  You'd think just in the number of czars created along with their staffs that DC would have into gone positive growth. On the other hand, that could have been offset by the number of journalist let go with the installation of direct fax lines to the White House Press office. /sarc off
Posted by: Procopius2k   2009-10-22 08:03  

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