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Friday, June 5, 2009
10:10 AM EDT
John Kartch

2.19 Million Jobs Lost Under Obama

The U.S. has lost 2.2 million jobs since President Barack Obama took office. According to the Bureau of Labor Statistics (BLS), the total number of jobs nationwide fell from 134.3 million at the end of January to 132.2 million at the end of May.

The unemployment rate now stands at 9.4 percent, up from 7.6 percent at the end of January.
 
“I think my initial measure of success is creating or saving 4 million jobs,” said President Obama on February 9.
 
Monthly job losses reported by the BLS are as follows:
 
Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000
Total: 2,198,000
    
“President Obama demanded that Congress spend hundreds of billions of dollars to stimulate the economy,” said Grover Norquist, president of Americans for Tax Reform. "On Friday, February 13 Congress approved a disgraceful trillion-dollar spending and debt package under the guise of economic stimulus. Since that date at least 1.5 million jobs have been lost in America.”
 
“Spend more money. Have fewer jobs,” continued Norquist. “Let's stop this madness.”
 

 

Posted by John Kartch on Friday, June 5, 2009 10:10 AM EDT
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