Stimulus Spending And Job Growth: Update 2

You might remember that I wrote an article in June called "Stimulus Spending And Job Growth". In the article, I pointed out that Barack Obama said his stimulus package would create approximately 4 million new jobs over two years. As you can see from the following graph, the trend of job loss continues. I have revised June's job losses according to the latest published figures. The number of jobs lost for the month of July was 274,000 which means that Obama's goal of 4 million new jobs in 24 months keeps getting more difficult to attain...


Instead of the 166,667 jobs per month he originally needed to reach his target, he now needs to create 328,263 jobs per month -- in order to make up for the 2,237,000 jobs that have been lost since the stimulus bill was signed. Sorry Mr. Obama... I know it might be a challenge, but that's part of being President. Better get down to work if you want to achieve your goal. Maybe if you stopped running around the country campaigning for your next legislative fiasco, you could actually focus on DOING something.