Washington Republicans concerned about the Obama administration’s big spending on economic stimulus, energy and health care are asking, “Where are the jobs?”
“The president and Democrats in Congress claim this spending binge is necessary to put Americans back to work,” House Republican leader John Boehner said Saturday in the Republican radio and Internet address. “They promised unemployment would not rise above 8 percent if their trillion-dollar stimulus was passed.”
The administration was wrong, Boehner said. “Unemployment has soared above 9 percent. And now the president admits that unemployment will soon reach double digits.
“After all of this spending, after all of this borrowing from China, the Middle East, our children and our grandchildren, where are the jobs?” he said.
Since President Barack Obama’s stimulus plan to trigger job creation was passed, the economy has shed 1.6 million jobs. The administration has focused instead on its estimate that the stimulus has created or saved 150,000 jobs.
That estimate comes from a formula that uses government spending and tax cuts to predict job growth.