The American Recovery and Reinvestment Act is a nationwide effort to create jobs, jumpstart growth and transform our economy to compete in the 21st century.Job losses as far as the eyes can see in all 57 states that the president visited during his campaign plus the two states that he didn’t get to, Alaska and Hawaii.
The compromise package of $789 billion will create or save 3.5 million jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.1(source)
"Over the last 15 months, we’ve traveled to every corner of the United States. I’ve now been in 57 states? I think one left to go. Alaska and Hawaii, I was not allowed to go to even though I really wanted to visit, but my staff would not justify it."—President Barry Hussein SoetoroSeriously though, President Soetoro you promised that the $789 billion dollars in TARP moneys would fix our economy with good green private industry jobs. You promised that there were plenty of shovel ready projects that would put Americans, who wanted to work, to work. But after seven months of stimulus 49 of our 50 States have lost jobs.(see story) (see chart below)
Initially your administration said that you misread the economy. Huh? After talking down the economy during the elections and telling the American people how bad Bush had left it, you forced a $789 billion dollar stimulus package though your first month in office on threats that if it wasn’t passed immediately the entire world economy would collapse. So how could your administration underestimate the depth of the economic recession with such a dreadful forecast?
Unless of course it was the same people looking at the economy who told you that there are 57 states in America plus Alaska and Hawaii. That would explain how the 3.5 million good green private industry jobs that you promised turned out to be a 6.2 million job deficit with 49 states of the union hemorrhaging jobs like a slaughtered calf in its last throes of life.
President Soetoro you promised that TARP would create jobs, jumpstart growth and transform our economy to compete in the 21st century. You promised that the package of $789 billion will create or save 3.5 million jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.
You and your fellow Democrats promised this. The $789 Billion of TARP funds was passed. Where are the jobs?