American Jobs Act of 2011 and a Partridge under a Pear Tree (and the Stimulus of 2009)

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American Jobs Act of 2011 and a Partridge under a Pear Tree (and the Stimulus of 2009)

CONCLUSION:

The American Jobs Act of 2011 is no different in earnest than the the FAILED Stimulus of 2009. The American Jobs Act will only increase the overall debt, TEMPORARILY HIRE PEOPLE and those people will return to the unemployment line, and then WE WILL CONTINUE IN OUR DOWNWARD SPIRAL. UNDER the 2009 Stimulus UNEMPLOYMENT ROSE and DID NOT DROP. The 2009 Stimulus "created or saved" some 3,000,000 million FICTIONAL JOBS per the CBO. When tax increases occur people do not transact as much or evade paying and government revenues drop. When taxes are low people transact more and pay more taxes because the costs and efforts to evade are not worth the trouble.

This may be a tad long but it really is IMPORTANT that everyone really read and understand what is going on. Perhaps you may stick to your ideology but that is fine with me yet the FACTS that are contained herein just might open some eyes and minds. This posting is referenced.

The first "stimulus" or the American Recovery and Reinvestment Act of 2009 was about $800 billion dollars. What did this act do in a technical sense? This act provided: 288 Billion in tax incentives for individuals basically providing for a payroll tax holiday, To Companies 51 Billion in the form of Allowing companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for tax refunds, etc.; $155.1 billion for Health Care; $100 Billion for Education; $82.2 billion Aid to low income workers, unemployed and retirees (including job training); $105.3 billion Infrastructure Investment; $18 billion for Water, sewage, environment, and public lands; $7.2 billion for Government buildings and facilities; $10.5 billion for Communications, information, and security technologies; $21.5 billion for Energy Infrastructure; $14.7 billion for Housing; $7.6 billion for Scientific research; and $10.6 billion for "OTHER". SEE the Footnote [ 1 ] for the specifics.....

Quoting CBS:

""Experts agree that if nothing is done, the unemployment rate could reach double digits," Mr. Obama said in a January 24 radio address. "If we do not act boldly and swiftly, a bad situation could become dramatically worse." The same month, his economic advisors released a report saying that, without the stimulus, unemployment would hit around 8.5 percent by April 2009, and 7.8 percent with it." [ 2 ]

Yet, what really happened?

UNEMPLOYMENT 2009, 2010, 2011*

2009 Average: 16.3%

2010 Average: 16.8%

2011 Average: 16.0% * Partial Year ( 8 months)

Source: U.S. Department of Labor [ 3 ]

We can say without a doubt that the American Recovery and Reinvestment Act of 2009 ("the stimulus") has FAILED. Obama and the Obama administration was and is WRONG in their approach.

The 2009 stimulus "created or saved" 3,000,000 million FICTIONAL JOBS. FICTIONAL because they were a mathematical model...ONLY.

"The Congressional Budget Office (CBO) based its estimates of the economic effects of the American Recovery and Reinvestment Act of 2009 (ARRA) on information from a variety of sources: macroeconometric forecasting models, general-equilibrium models, and direct extrapolations of past data."

http://www.cbo.gov/ftpdocs/106xx/doc10682/11-30-ARRA.pdf

"WASHINGTON — President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.

The analysis is part of the administration's quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office. Republicans have denounced the stimulus plan as an expensive flop, pointing to a national unemployment rate stuck at 10 percent and December figures showing the economy shed 85,000 more jobs.....On Friday, when the December jobs report was issued, Obama acknowledged a setback."

http://www.huffingtonpost.com/2010/01/13/job-stimulus-results-whit_n_421278.html

WHAT IS IN THE AMERICAN JOBS ACT OF 2011 as presented by President Obama?

Sections 101 and 102- Temporary Payroll Tax Cut for Employers and Employees....

(Another attempt of the same.......) [ 4 ]

Section 111. Extension of Temporary 100 Percent Bonus Depreciation for Certain Business Assets

Section 112. Surety Bonds

Section 113. Delay in Application of Withholding on Government Contractors

(Didn't mention this above in the 1st Stimulus ?) [ 4 ]

Education? In the first one? Yes...

Sec. 203. Grants for the Outlying Areas and the Secretary of the Interior; Availability of Funds.

Sec. 204. State Allocation

Sec. 205. State Application

Sec. 206. State Reservation and Responsibilities

Sec. 207. Local Educational Agencies

Sec. 208. Early Learning

Sec. 209. Maintenance of Effort

Sec. 210. Reporting

Sec. 211. Definitions

Sec. 212. Authorization of Appropriations

First Responder grants...

Sections 213 through 215...

More Education....

School Modernization

Sections 221 through 228....

More Education....

Community College Modernization

Sec. 229

INFRASTRUCTURE

Immediate Transportation Infrastructure Investments

Section 241

Sections 245 through 259 (which includes a new government agency (red tape) called:

[the] American Infrastructure Financing Authority)

Extension [from the 1st Stimulus) of Exemption from Alternative Minimum Tax Treatment for Certain Tax-Exempt Bonds

Section 260

DO NOT FORGET - National Wireless Initiative

Section 271 through 299

(which includes yet another government agency along with something about public safety broadband?.. uh like they would use this??)

ASSISTANCE FOR THE UNEMPLOYED AND PATHWAYS BACK TO WORK

(Sound familiar yet?)

Sections 301 to 316

HOW DO WE PAY FOR THIS?

EITHER BY TAXING THE "RICH" that already pay their fare share and then some or taxing people and small businesses that make 250,000 or more...

".....“New data released by the IRS today offers interesting insights into the distributional spread of the federal income tax burden, new analysis by the Tax Foundation shows. The new data shows that the top-earning 25% of taxpayers (AGI over $62,068) earned 67.5% of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86%). The top 1% of taxpayers (AGI over $364,657) earned approximately 21.2% of the nation's income (as defined by AGI), yet paid 39.4% of all federal income taxes. That means the top 1% of tax returns paid about the same amount of federal individual income taxes as the bottom 95% of tax returns.....About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.....But Americans did respond to the tax cuts. There was more investment, more hiring by businesses, and a stronger stock market. When we compare the taxes paid under the old system with those paid after the Bush tax cuts, the rich are now actually paying a higher proportion of income taxes. The latest IRS data show an increase of more than $100 billion in tax payments from the wealthy by 2005 alone. The number of tax filers who claimed taxable income of more than $1 million increased from approximately 180,000 in 2003 to over 300,000 in 2005. The total taxes paid by these millionaire households rose by about 80 percent in two years, from $132 billion to $236 billion……There is no correlation between tax rates and deficits in recent U.S. history. The spike in the federal deficit in the 1980s was caused by MASSIVE spending increases…..The Congressional Budget Office reports that, since the 2003 tax cuts, federal revenues have grown by $745 billion—the largest real increase in history over such a short time period. Individual and corporate income tax receipts have jumped by 30 percent in the two years since the tax cuts......In 2006 were actually above the levels projected before the 2003 tax cuts. Immediately before the 2003 tax cuts, the CBO projected a 2006 budget deficit of $57 billion, yet the final 2006 budget deficit was $247 billion. The $190 billion deficit increase resulted from federal spending that was $237 billion more than projected. Revenues were actually $47 billion above the projection, even after $75 billion in tax cuts enacted after the baseline was calculated. By that standard, new spending was responsible for 125 percent of the higher 2006 budget deficit, and expanding revenues actually offset 25 percent of the new spending.”

!!! SPENDING !!!

Caron, Paul L., J.D., LLM Taxation (Tax Law Specialist).

“Top 1% Pay More Income Tax Than Bottom 90%” (October 6, 2007)

Retrieved September 6, 2010 from http://taxprof.typepad.com/taxprof_blog/2007/10/top-1-pay-more-.html

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0

Riedl, Brian. “Ten Myths About the Bush Tax Cuts.” (January 29, 2007)

Retrieved September 6, 2010 from http://www.heritage.org/research/reports/2007/01/ten-myths-about-the-bush-tax-cuts

CONCLUSION:

The American Jobs Act of 2011 is no different in earnest than the the FAILED Stimulus of 2009. The American Jobs Act will only increase the over debt, TEMPORARILY HIRE PEOPLE and those people will return to the unemployment line, and then WE WILL CONTINUE IN OUR DOWNWARD SPIRAL. When tax increases occur people do not transact as much or evade paying and government revenues drop. When taxes are low people transact more and pay more taxes because the costs and efforts to evade are not worth the trouble.

REFERENCES

[ 1 ]

http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

Tax incentives

Total: $288 billion

Tax incentives for individuals

Total: $237 billion

$116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[24]
$70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[24]
$15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
$14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
$6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[37]
$4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
$4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
$4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
$1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

Tax incentives for companies

Total: $51 billion

$15 billion: Allowing companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for tax refunds.
$13 billion: to extend tax credits for renewable energy production (until 2014).
$11 billion: Government contractors: Repeal a law that takes effect in 2012, requiring government agencies to withhold three percent of payments to contractors to help ensure they pay their tax bills. Repealing the law would cost $11 billion over 10 years, in part because the government could not earn interest by holding the money throughout the year.
$7 billion: Repeal bank credit: Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. The change would increase taxes on the merged banks by $7 billion over 10 years.
$5 billion: Bonus depreciation which extends a provision allowing businesses buying equipment such as computers to speed up its depreciation through 2009.

Healthcare

More than 11% of the total bill is allocated to help states with Medicaid

Total: $155.1 billion[38]

$86.8 billion for Medicaid
$25.8 billion for health information technology investments and incentive payments
$25.1 billion to provide a 65 percent subsidy of health care insurance premiums for the unemployed under the COBRA program
$10 billion for health research and construction of National Institutes of Health facilities
$2 billion for Community Health Centers
$1.3 billion for construction of military hospitals (military)
$1.1 billion to study the comparative effectiveness of healthcare treatments
$1 billion for prevention and wellness
$1 billion for the Veterans Health Administration
$500 million for healthcare services on Indian reservations
$300 million to train healthcare workers in the National Health Service Corps
$202 million for a temporary moratorium for certain medicare regulations

Education

Secretary of Education Arne Duncan and New York City Mayor Michael Bloomberg visit with students at Explore Charter School.

Total: $100 billion

$53.6 billion in aid to local school districts to prevent layoffs and cutbacks, with flexibility to use the funds for school modernization and repair (State Fiscal Stabilization Fund)[39]
$15.6 billion to increase Pell Grants from $4,731 to $5,350
$13 billion for low-income public schoolchildren
$12.2 billion for IDEA special education
$2.1 billion for Head Start
$2 billion for childcare services
$650 million for educational technology
$300 million for increased teacher salaries
$250 million for states to analyze student performance
$200 million to support working college students
$70 million for the education of homeless children

Aid to low income workers, unemployed and retirees (including job training)

Payments to Social Security recipients and people on Supplemental Security Income were parts of the ARRA.

Total: $82.2 billion

$40 billion to provide extended unemployment benefits through Dec. 31, and increase them by $25 a week
$19.9 billion for the Food Stamp Program
$14.2 billion to give one-time $250 payments to Social Security recipients, people on Supplemental Security Income, and veterans receiving disability and pensions.
$3.45 billion for job training
$3.2 billion in temporary welfare payments (TANF and WIC)
$500 million for vocational training for the disabled
$400 million for employment services
$120 million for subsidized community service jobs for older Americans
$150 million to help refill food banks
$100 million for meals programs for seniors, such as Meals on Wheels
$100 million for free school lunch programs

Infrastructure Investment

Total: $105.3 billion

Transportation

$27.5 billion for highway and bridge construction projects
$8 billion for intercity passenger rail projects and rail congestion grants, with priority for high-speed rail
$6.9 billion for new equipment for public transportation projects (Federal Transit Administration)
$1.5 billion for national surface transportation discretionary grants
$1.3 billion for Amtrak
$1.1 billion in grants for airport improvements
$750 million for the construction of new public rail transportation systems and other fixed guideway systems.
$750 million for the maintenance of existing public transportation systems
$200 million for FAA upgrades to air traffic control centers and towers, facilities, and equipment
$100 million in grants for improvements to domestic shipyards

Water, sewage, environment, and public lands

Total: $18 billion[41]

$4.6 billion for the Army Corps of Engineers for environmental restoration, flood protection, hydropower, and navigation infrastructure projects
$4 billion for the Clean Water State Revolving Fund wastewater treatment infrastructure improvements (EPA)
$2 billion for the Drinking Water State Revolving Fund drinking water infrastructure improvements (EPA)
$1.38 billion for rural drinking water and waste disposal projects
$1 billion to the Bureau of Reclamation for drinking water projects for rural or drought-likely areas
$750 million to the National Park Service
$650 million to the Forest Service
$600 million for hazardous waste cleanup at Superfund sites (EPA)
$515 million for wildfire prevention projects
$500 million for Bureau of Indian Affairs infrastructure projects
$340 million to the Natural Resources Conservation Service for watershed infrastructure projects
$320 million to the Bureau of Land Management
$300 million for reductions in emissions from diesel engines (EPA)
$300 million to improve Land Ports of Entry (GSA)
$280 million for National Wildlife Refuges and the National Fish Hatchery System
$220 million to the International Boundary and Water Commission to repair flood control systems along the Rio Grande
$200 million for cleanup of leaking Underground Storage Tanks (EPA)
$100 million for cleaning former industrial and commercial sites (Brownfields) (EPA)

Government buildings and facilities

Impact of the ARRA on Department of Defense facilities across the nation.

Total: $7.2 billion

$4.2 billion to repair and modernize Defense Department facilities.
$890 million to improve housing for service members
$750 million for federal buildings and U.S. Courthouses (GSA)
$250 million to improve Job Corps training facilities
$240 million for new child development centers
$240 million for the maintenance of United States Coast Guard facilities
$200 million for Department of Homeland Security headquarters
$176 million for Agriculture Research Service repairs and improvements
$150 million for the construction of state extended-care facilities
$100 million to improve facilities of the National Guard

Communications, information, and security technologies

Federal Communications Commission (FCC) map showing the availability of broadband internet access in the U.S.

Total: $10.5 billion

$7.2 billion for complete broadband and wireless Internet access
$1 billion for explosive detection systems for airports
$500 million to update the computer center at the Social Security Administration
$420 million for construction and repairs at ports of entry
$290 million to upgrade IT platforms at the State Department
$280 million to upgrade border security technologies
$210 million to build and upgrade fire stations
$200 million for IT and claims processing improvements for Veterans Benefits Administration
$150 million to upgrade port security
$150 million for the security of transit systems
$50 million for IT improvements at the Farm Service Agency
$26 million to improve security systems at the Department of Agriculture headquarters

Energy Infrastructure

Total: $21.5 billion[42][43]

$6 billion for the cleanup of radioactive waste (mostly nuclear weapons production sites)[44]
$4.5 billion for the Office of Electricity and Energy Reliability to modernize the nation's electrical grid and smart grid.
$4.5 billion to increase energy efficiency in federal buildings (GSA)
$3.25 billion for the Western Area Power Administration for power transmission system upgrades.
$3.25 billion for the Bonneville Power Administration for power transmission system upgrades.

Energy efficiency and renewable energy research and investment

Loans and investments into green energy technology are a significant part of the final bill

Total: $27.2 billion

$6 billion for renewable energy and electric transmission technologies loan guarantees
$5 billion for weatherizing modest-income homes
$3.4 billion for carbon capture and low emission coal research
$3.2 billion toward Energy Efficiency and Conservation Block Grants.[45]
$3.1 billion for the State Energy Program to help states invest in energy efficiency and renewable energy
$2 billion for manufacturing of advanced car battery (traction) systems and components.
$800 million for biofuel research, development, and demonstration projects
$602 million to support the use of energy efficient technologies in building and in industry
$500 million for training of green-collar workers (by the Department of Labor)
$400 million for the Geothermal Technologies Program
$400 million for electric vehicle technologies
$300 million for energy efficient appliance rebates
$300 million for state and local governments to purchase energy efficient vehicles
$300 million to acquire electric vehicles for the federal vehicle fleet (GSA)
$250 million to increase energy efficiency in low-income housing
$204 million in funding for research and testing facilities at national laboratories
$190 million in funding for wind, hydro, and other renewable energy projects
$115 million to develop and deploy solar power technologies
$110 million for the development of high efficiency vehicles
$42 million in support of new deployments of fuel cell technologies

Housing

Total: $14.7 billion[46]

$4 billion to the Department of Housing and Urban Development (HUD) for repairing and modernizing public housing, including increasing the energy efficiency of units.
$2.25 billion in tax credits for financing low-income housing construction
$2 billion for Section 8 housing rental assistance
$2 billion for the Neighborhood Stabilization Program to purchase and repair foreclosed vacant housing
$1.5 billion for rental assistance to prevent homelessness
$1 billion in community development block grants for state and local governments
$555 million in mortgage assistance for wounded service members (Army Corps of Engineers)
$510 million for the rehabilitation of Native American housing
$250 million for energy efficient modernization of low-income housing
$200 million for helping rural Americans buy homes (Department of Agriculture)
$140 million in grants for independent living centers for elderly blind persons (Dept. of Education)
$130 million for rural community facilities (Department of Agriculture)
$100 million to help remove lead paint from public housing
$100 million emergency food and shelter for homeless (Department of Homeland Security)

Scientific research

NASA is among the government agencies receiving additional funds under the Act

Total: $7.6 billion

$3 billion to the National Science Foundation
$2 billion to the United States Department of Energy
$1 billion to NASA
$600 million to the National Oceanic and Atmospheric Administration (NOAA)
$580 million to the National Institute of Standards and Technology
$230 million for NOAA operations, research and facilities
$140 million to the United States Geological Survey

Other

$4 billion for state and local law enforcement agencies[47]
$1.1 billion in waivers on interest payments for state unemployment trust funds
$1 billion in preparation for the 2010 census
$1 billion in added funding for child support enforcement
$750 million for DTV conversion coupons and DTV transition education
$749 million in crop insurance reinstatement, and emergency loans for farmers
$730 million in SBA loans for small businesses
$500 million for the Social Security Administration to process disability and retirement backlogs
$201 million in additional funding for AmeriCorps and other community service organizations
$150 million for Urban and Rural economic recovery programs
$150 million for an increase of claims processing military staff
$150 million in loans for rural businesses
$50 million for the National Endowment for the Arts to support artists
$50 million for the National Cemetery Administration

- House — $4.7 billion to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
- Senate — Same.

Expanded college credit
- House — $13.7 billion to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
- Senate — Reduces the amount that can be refunded to low-income families that pay no income taxes, lowering the cost to $13 billion.

Homebuyer credit
- House — $2.6 billion to repeal a requirement that a $7,500 first-time homebuyer tax credit be paid back over time for homes purchased from Jan. 1 to July 1, unless the home is sold within three years. The credit is phased out for couples making more than $150,000.
- Senate — Doubles the credit to $15,000 for homes purchased for a year after the bill takes effect, increasing the cost to $35.5 billion.
- Conference - $8,000 credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years.[25]

Home energy credit
- House — $4.3 billion to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
- Senate — Same.
- Conference - Same;

Unemployment
- House — No similar provision.
- Senate — $4.7 billion to exclude from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
- Conference—Same as Senate

Bonus depreciation
- House — $5 billion to extend a provision allowing businesses buying equipment such as computers to speed up its depreciation through 2009.
- Senate — Similar.

Money losing companies
- House — $15 billion to allow companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for tax refunds.
- Senate — Allows companies to use more of their losses to offset previous profits, increasing the cost to $19.5 billion.
- Conference - Limits the carry-back to small companies, revenue under $5 million[26]

Government contractors
- House — Repeal a law that takes effect in 2011, requiring government agencies to withhold three percent of payments to contractors to help ensure they pay their tax bills. Repealing the law would cost $11 billion over 10 years, in part because the government could not earn interest by holding the money throughout the year.
- Senate — Delays the law from taking effect until 2012, reducing the cost to $291 million.

Energy production
- House — $13 billion to extend tax credits for renewable energy production.
- Senate — Same.
- Conference - Extension is to 2014.

Repeal bank credit
- House — Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. The change would increase taxes on the merged banks by $7 billion over 10 years.
- Senate — Same.

Bonds
- House — $36 billion to subsidize locally issued bonds for school construction, teacher training, economic development and infrastructure improvements.
- Senate — $22.8 billion to subsidize locally issued bonds for school construction, industrial development and infrastructure improvements.

Auto sales

House — No similar provision.
Senate — $11 billion to make interest payments on most auto loans and sales tax on cars deductible.
Conference - $2 billion for deduction of sales tax, not interest payments phased out for incomes above $250,000

SEE:

http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

[ 2 ]

"Experts agree that if nothing is done, the unemployment rate could reach double digits," Mr. Obama said in a January 24 radio address. "If we do not act boldly and swiftly, a bad situation could become dramatically worse." The same month, his economic advisors released a report saying that, without the stimulus, unemployment would hit around 8.5 percent by April 2009, and 7.8 percent with it."

SEE:

http://www.cbsnews.com/8301-503983_162-5023220-503983.html

[ 3 ]

U.S. Department of Labor Historical Data (check all the boxes) and run then scroll to the bottom)

http://www.bls.gov/webapps/legacy/cpsatab15.htm

YEAR

2009

Jan 14.1

Feb 15

Mar 15.6

Apr 15.8

May 16.4

Jun 16.6

Jul 16.5

Aug 16.8

Sep 17.0

Oct 17.4

Nov 17.1

Dec 17.2

2010

Jan 16.5

Feb 16.8

Mar 16.8

Apr 17.0

May 16.5

Jun 16.7

Jul 16.5

Aug 16.7

Sep 17.1

Oct 17.0

Nov 17.0

Dec 16.7

2011

Jan 16.1

Feb 15.9

Mar 15.7

Apr 15.9

May 15.8

Jun 16.2

Jul 16.1

Aug 16.2

Sep TBA

Oct TBA

Nov TBA

Dec TBA

2009 Average: 16.3%

2010 Average: 16.8%

2011 Average: 16.0% * Partial Year (months)

WebRepOverall rating

"WASHINGTON — President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.

http://www.huffingtonpost.com/2010/01/13/job-stimulus-results-whit_n_421278.html

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American Jobs Act of 2011 and a Partridge under a Pear Tree (and the Stimulus of 2009)