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, the economy generated ZERO JOBS during August – even though the economy needs about 150,000 new jobs per month just to keep up with the growth in the labor force. Job growth for the past two months (i.e., June and July) was also revised downward by 58,000 jobs.
FACT: The alternative economic scenario released by the Administration yesterday in its mid-session review – which reflects the most recent economic data and developments – projects that unemployment will average 9 percent in 2012 – even though the Administration promised in 2009 that unemployment would not rise below 8 percent if the “stimulus” bill passed.