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- When President Barack Obama signed his economic stimulus legislation on Feb. 17, 2009, he said that one impact of the act would be to create jobs for 400,000 people building and rebuilding the nation's infrastructure.
But despite a price tag that the Congressional Budget Office now says was $833 billion, the economic stimulus of February 2009 did not create 400,000 new construction jobs.
In fact, according to the Bureau of Labor Statistics there are now 1,035,000 fewer construction jobs in the United States than there were in January 2009, when Obama was inaugurated, and 925,000 less than in February 2009 when Obama signed his stimulus act.
The decline in construction jobs in the United States did not start when President Obama took office, but the $833 billion stimulus act he pushed through Congress and signed did not stop or reverse that decline.
According to the National Bureau of Economic Research--on which Obama's former top economic adviser Christina Romer serves--says that the last recession ended in June 2009. Since then, according to BLS, America has lost 484,000 construction jobs.
