Tuesday, January 12, 2010

About That Economic Recovery...

In March 2009, Congresswoman Kilroy stated in a Columbus Dispatch survey that the American Recovery and Reinvestment Act (the so-called stimulus bill) would "create more than 16,000 jobs in central Ohio". In addition, her press release on the occasion of the Act's passage stated 133,000 jobs would be created in the State of Ohio. A question for the Congresswoman: where are the jobs?

According to recovery.gov, a mere 17,095 jobs have been created in the State of Ohio. That's pretty weak. Assuming none of these jobs were created in the phantom 43233 zip code where the State of Ohio's Office of Budget and Management sent $220 million to improve non-existent infrastructure, the 17,095 jobs created represent not even 13% of the jobs promised. What would happen to you at work if you delivered only 13% of the results you promised? (Assuming you're lucky enough to have work right now, of course. 15.3 million Americans don't.) I'd bet you'd lose your job for delivering barely over a tenth of what you promised--and rightfully so. Should we not then fire our Congresswoman who authorized tossing hundreds of billions of dollars of our money to the wind and failed to deliver the recovery she promised? You bet we should!

Nationally, unemployment remains at 10%. That's 1 in 10 people without jobs. According to the latest from the Bureau of Labor Statistics, 4 in 10 unemployed Americans (or 6.1 million people) have been unable to find jobs for a period of roughly seven months (27 weeks to be precise). Seven months is a long time to be in professional and financial freefall. Can you imagine the toll that would take on a family?

As you can read in the Columbus Dispatch, the most disturbing finding in the new data from the Bureau of Labor Statistics is the erosion of 1.9 million Americans from the labor force since May 2009. That's 1.9 million Americans who have given up. These are people who want to be working, but they're so beaten down from scrounging for work in the dead economy that they've given up the search. If not for their despair, unemployment would have actually risen 0.4 percent in December.

Now that we've taken a quick look at the dismal national scene let's bring it back to Ohio: Ohio's citizens are among the hardest hit by the massive economic downturn the Democrats have brought us since gaining control of Congress in 2006. According to the latest data from the Ohio Bureau of Labor Market Information, Ohio, at 10.6%, has the 11th highest unemployment rate among the states. 623,000 Ohioans are without work. To add some perspective, the number of unemployed Ohioans is greater than the total population of Vermont. That's a lot of people.

We're in a particularly bad way in Ohio, wouldn't you agree? Last year, Democratic lawmakers promised us recovery, and yet we're still sorely in need. On her official House website, Congresswoman Mary Jo Kilroy states that the "effective and efficient action" of the American Reinvestment and Recovery Act has "already addressed the immediate needs of the crisis". Effective? Efficient? Apparently, Ms. Kilroy needs to invest in a dictionary because the so-called stimulus plan has been anthing but effective and efficient. Far more troubling than her lack of comprehension of the English language is her dispassionate attitude that the immediate needs of her constituency have been addressed. 623,000 Ohioans without work. 10.6% unemployment. I'd say those are some pretty big concerns that need to be addressed. Wouldn't you?