Steve Pearce - The Jobs Frontier Report

Steve Pearce

By U.S. Congressman Steve Pearce, Congressional Western Caucus Chairman - It is time for the Obama Administration to accept that we cannot spend our way to economic recovery. While the President continues to blame House Republicans for impeding his ability to fix America’s economy, he fails to acknowledge that for most of his presidency he enjoyed a House and Senate controlled by his own party. During that period, the President and Democrats in Congress made grand promises about how they would create jobs if only they could spend more money and grow the size of our federal government.
Obama predicted the trillion dollar stimulus plan would save or create 3.5 million jobs. He claimed green energy policies would create 5 million new jobs. He argued extending unemployment benefits through 2011 would create over 600,000 jobs this year alone. Nancy Pelosi claimed that Obama’s health care law would create 4 million jobs. In short, the President promised 13 million new jobs for the American people. Thirty months and trillions of dollars in government spending later, we now see that we have lost 2.3 million jobs since the President took office. Unemployment climbed from 7.8% to 9.1% during his presidency. Despite promises that his stimulus could keep unemployment below 8%, we have seen over 30 consecutive months of unemployment above 8%. This is the longest streak since the Great Depression. It is time to acknowledge that the President’s policies have failed by his own measures. More government is not the answer. Read full column here: News New Mexico

Steve Pearce - The Jobs Frontier Report