Friday, October 8, 2010

Hindsight on Shea-Porter’s Stimulus is 20/20

20th straight month of unemployment over 8% confirms stimulus’ failure

Manchester, NH – Republican Congressional candidate Frank Guinta called on Congresswoman Carol Shea-Porter to finally agree with the rest of us who believe her failed stimulus package was a waste. This morning unemployment numbers for September were released, showing the unemployment rate remaining at 9.6% nationwide. This marks the 20th consecutive month unemployment has been over 8%, and over 9% for 17 straight months.[1] Last year, Obama Administration officials promised that the stimulus package would keep unemployment no higher than 8%.[2] Earlier this week, 68% of Americans said they thought the stimulus was a waste of taxpayer money.[3]

“This latest dismal jobs report is further proof that Congresswoman Shea-Porter’s stimulus package was a failure,” said Guinta campaign spokesman Brett Bosse. “When will Congresswoman Shea-Porter finally agree with the rest of us who believe her failed stimulus was a waste of our money?”

Today’s jobs report shows a total loss of nonfarm employment of 95,000 jobs in September.[4] This statistic piles on top of news yesterday that the private sector lost 39,000 jobs last month.[5] Further analysis of the jobless numbers show a record 14th consecutive month of unemployment over 9.5%.

“Congresswoman Shea-Porter promised us job growth with her failed stimulus, instead all we’ve seen is bigger government and a waste of taxpayer money,” Bosse continued. “The rest of us have known all along that Shea-Porter’s failed stimulus was a waste. For her, hindsight is 20/20.”