To say that the Recovery and Reinvestment Act (Porkulus) didn’t work would be an exaggeration that would make the Media Matters people come and take away your computer or worse throw a brick into your 30th floor window. According to new numbers released by the GOP Members of the House Ways and Means Committee, the Porkulus bill work in a sizable part of the country (if you consider .4 of one percent sizable).
The table below compares the White House’s February 2009 projection of the number of jobs that would be created by the 2009 stimulus bill (through the end of 2010) with the actual change in state payroll employment through February 2010 (the latest figures available).
According to the data, 49 States have lost jobs since the stimulus was enacted. Only Alaska and Washington DC have seen a rise in jobs (although the rise is lower than expected). While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost over 2.6 million – a difference of 6.1 million jobs. But there is a bright side, it is only through February, there is still 10 months for the economy to turn around. Especially when you consider that the president says Obamacare will not only create jobs, but will mow your lawn, walk your dog and most importantly will find all of those socks that keep getting lost in your dryer. To see how stimulus has failed your state, see the table below.
Source of Data US News