Texas lost 225300 jobs even though White House promised 269000 new jobs
WASHINGTON D.C. When the Democrats in Congress passed the controversial and costly stimulus" package in February of this year the White House promised that the $787 billion bill would create or save" nearly 3.5 million jobs. Instead since that time more than 2.7 million jobs have been lost and unemployment continues to rise.
Congressman Kevin Brady (R-TX) the Lead House Republican on the Joint Economic Committee and a member of the Ways and Means Committee (R-TX) says the American people have been left asking the question What happened?"
The stimulus has done nothing but stimulate the national debt" said Brady.
Its time the White House stop its borrow and spend policies that have failed to put the economy back on track. Economic recovery wont begin until small businesses have enough confidence to begin to invest in the future and add new workers. Unfortunately small businesses are being squeezed from all sides by a Congress and President intent on adding new small business taxes to fund large new entitlement and global warming initiatives" Brady said.
According to the new numbers released this morning by the Department of Labor Texas has lost 225300 jobs since the Stimulus was enacted.
The table below compares the White Houses February 2009 projection of the number of jobs that would be created by the 2009 stimulus law with the actual change in state payroll employment.
49 States and the District of Columbia have lost jobs since stimulus was enacted. President Obama claimed the stimulus bill would create of 3.5 million jobs.
