Rhetoric vs. Reality: Health Care “Reform” and Jobs
CLAIM: “So this bill is not only about the health security of America. It’s about jobs. In its life it will create 4 million jobs — 400,000 jobs almost immediately.”
— Speaker Pelosi at the White House health summit
FACT: According to this morning’s release from the Bureau of Labor Statistics, “nonfarm payroll employment was essentially unchanged,” as the unemployment rate INCREASED, and the economy generated only 18,000 jobs, during June – well below consensus estimates, and far below the 150,000 new jobs per month that most experts agree are needed just to keep up with the growth in the labor force. Job growth for April and May was also revised downward by a total of 44,000 jobs.