The Stimulus Chart Obama Doesn’t Want You to See

The rhetoric about the reduction in unemployment and the success of the stimulus has been all over the charts. The graph below shows the failure of the various stimulus plans put forth by the White House. The next time someone says that Obama created or saved jobs, ask them to name one.  

Posted by Congressman Jim Jordan

Three years ago today, President Obama signed his infamous stimulus package into law. In exchange for $1.2 trillion (including interest), liberals said their plan would bring the unemployment rate down to about 6% today. It hasn't fallen below 8% at any point in the last 36 months.

There has been a recent drop, though, which some Democrats claim as proof that their stimulus plan finally worked. But if that’s true, then where are the jobs?

The official unemployment rate doesn't actually count unemployed people who have given up looking for work. The chart below offers another look at the jobs data. It shows the “labor force participation rate,” which represents the share of working-age Americans who are either employed or unemployed but looking for work.

As you can see, only 63.7% of working-age Americans are currently in the workforce. The rate hasn’t been that low in almost 29 years! To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.

Liberals think they can fabricate jobs by growing the government. What we need is to create jobs by growing the economy. That’s why conservatives in the Republican Study Committee are getting behind H.R. 3400, the Jobs Through Growth Act.

It ramps up energy production. It fights back against regulation-gone-wild. And it allows you to throw out the old tax code for one that’s simpler, flatter, and fairer.

The past three years have made clear what doesn't work. Let’s go with what does.

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