"The first round of stimulus ... it created zero jobs."
Rick Perry on Monday, September 12th, 2011 in the CNN/Tea Party Express debateRick Perry says the 2009 stimulus 'created zero jobs'
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Texas Gov. Rick Perry criticized President Barack Obama's new jobs plan during a Republican presidential debate Sept. 12, 2011, saying his previous effort "created zero jobs."
WOLF BLITZER: "Gov. Perry, the president in his new plan has a lot of tax cuts, payroll tax cuts, middle-class tax cuts, tax credits for hiring veterans, tax credits for hiring long-term unemployed people. Are those things you would support?"
RICK PERRY: "And he's going to pay for them all with raising your taxes. That is the issue. He had $800 billion worth of stimulus in the first round of stimulus. It created zero jobs, $400-plus billion dollars in this package. And I can do the math on that one. Half of zero jobs is going to be zero jobs."
PolitiFact has regularly checked job claims about the American Recovery and Reinvestment Act of 2009, so this one caught our ears.
Zero?
Republican Sen. Scott Brown of Massachusetts said in February 2010 that the stimulus bill "didn't create one new job." He earned a Pants on Fire.
Florida Republican Gov. Rick Scott said in September 2010 during his successful campaign for governor that the stimulus bill had "not created one private sector job." We smelled smoke. (We even found Billy Weston, a Florida Republican who personally credited the stimulus for his new job with a private Riviera Beach pharmaceutical manufacturer.)
So, what's the evidence?
The White House has posted on its stimulus website a listing of jobs funded by the stimulus, breaking it down by state and congressional district. Just for the quarter April 1 to June 20, 2011, the country had a reported 555,029 full-time equivalent jobs funded by the Recovery Act.
As our colleagues at PolitiFact Virginia have pointed out, in a report released March 18, 2011, the president’s Council of Economic Advisers estimated that between 2.5 million and 3.6 million jobs were created or saved by the stimulus through the fourth quarter of 2010.
Separately, the council’s report cited four independent analyses by the Congressional Budget Office and three private economic analysis companies. Here’s what the groups found:
• CBO: Between 1.3 million and 3.6 million jobs saved or created.
• IHS/Global Insight: 2.45 million jobs saved or created.
• Macroeconomic Advisers: 2.3 million jobs saved or created.
• Moody’s Economy.com: 2.5 million jobs saved or created.
Note the language "created or saved," which means not every one of those more than a million jobs count as "created," as Perry said.
But certainly more than zero. Ask Billy Weston.
Perry said "the first round of stimulus ... created zero jobs." We say Pants on Fire.
Subjects: Economy, Jobs, Stimulus
Sources:
CQ Transcriptswire, "Republican presidential candidates participate in a CNN-Tea Party Express GOP Presidential Debate," Sept. 12, 2011 (subscribers only)
Researched by: Becky Bowers
Edited by: Bill Adair
WOLF BLITZER: "Gov. Perry, the president in his new plan has a lot of tax cuts, payroll tax cuts, middle-class tax cuts, tax credits for hiring veterans, tax credits for hiring long-term unemployed people. Are those things you would support?"
RICK PERRY: "And he's going to pay for them all with raising your taxes. That is the issue. He had $800 billion worth of stimulus in the first round of stimulus. It created zero jobs, $400-plus billion dollars in this package. And I can do the math on that one. Half of zero jobs is going to be zero jobs."
PolitiFact has regularly checked job claims about the American Recovery and Reinvestment Act of 2009, so this one caught our ears.
Zero?
Republican Sen. Scott Brown of Massachusetts said in February 2010 that the stimulus bill "didn't create one new job." He earned a Pants on Fire.
Florida Republican Gov. Rick Scott said in September 2010 during his successful campaign for governor that the stimulus bill had "not created one private sector job." We smelled smoke. (We even found Billy Weston, a Florida Republican who personally credited the stimulus for his new job with a private Riviera Beach pharmaceutical manufacturer.)
So, what's the evidence?
The White House has posted on its stimulus website a listing of jobs funded by the stimulus, breaking it down by state and congressional district. Just for the quarter April 1 to June 20, 2011, the country had a reported 555,029 full-time equivalent jobs funded by the Recovery Act.
As our colleagues at PolitiFact Virginia have pointed out, in a report released March 18, 2011, the president’s Council of Economic Advisers estimated that between 2.5 million and 3.6 million jobs were created or saved by the stimulus through the fourth quarter of 2010.
Separately, the council’s report cited four independent analyses by the Congressional Budget Office and three private economic analysis companies. Here’s what the groups found:
• CBO: Between 1.3 million and 3.6 million jobs saved or created.
• IHS/Global Insight: 2.45 million jobs saved or created.
• Macroeconomic Advisers: 2.3 million jobs saved or created.
• Moody’s Economy.com: 2.5 million jobs saved or created.
Note the language "created or saved," which means not every one of those more than a million jobs count as "created," as Perry said.
But certainly more than zero. Ask Billy Weston.
Perry said "the first round of stimulus ... created zero jobs." We say Pants on Fire.
About this statement:
Published: Monday, September 12th, 2011 at 11:15 p.m.Subjects: Economy, Jobs, Stimulus
Sources:
CQ Transcriptswire, "Republican presidential candidates participate in a CNN-Tea Party Express GOP Presidential Debate," Sept. 12, 2011 (subscribers only)
PolitiFact, "Obama says Congressional Budget Office found the economic stimulus has created up to 1.6 million jobs," Dec. 14, 2009 (Half True)
PolitiFact, "Obama says stimulus is responsible for 2 million jobs created or saved," February 17, 2010 (Half True)
PolitiFact, "Scott Brown says stimulus 'didn’t create one new job,'" February 18, 2010 (Pants on Fire)
PolitiFact Florida, "Rick Scott says the stimulus didn't create a single private sector job," Sept. 17, 2010 (Pants on Fire)
PolitiFact Virginia, "Cantor says stimulus 'failed to get people back to work,'" June 2, 2011 (False)
PolitiFact, "Obama says stimulus is responsible for 2 million jobs created or saved," February 17, 2010 (Half True)
PolitiFact, "Scott Brown says stimulus 'didn’t create one new job,'" February 18, 2010 (Pants on Fire)
PolitiFact Florida, "Rick Scott says the stimulus didn't create a single private sector job," Sept. 17, 2010 (Pants on Fire)
PolitiFact Virginia, "Cantor says stimulus 'failed to get people back to work,'" June 2, 2011 (False)
White House website on stimulus spending, accessed Sept. 12, 2011
Council of Economic Advisers, "The economic impact of the American Recovery and Reinvestment Act of 2009," March 18, 2011
Written by: Becky BowersResearched by: Becky Bowers
Edited by: Bill Adair
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