Saturday, July 2, 2011

Stimulus has created 221 private sector jobs in New Hampshire

October 21, 2009 by Patrick  
Filed under Business

President Barack Obama’s American Recovery and Reinvestment Act (ARRA), commonly known as the stimulus act, created or saved only 221 private sector jobs between February 17th and September 30th NowHampshire.com has learned.

And despite President Obama’s heavy emphasis on road and bridge repair during the debate over the stimulus, the measure has created or saved only 116 road construction jobs this year.

ARRA has created only 221 private sector josb this year

ARRA has created only 221 private sector jobs this year

New Hampshire’s unemployment rate shot up to 7.2% in September.

According to a report issued on Tuesday by Orville “Bud” Fitch, Governor John Lynch’s designated “stimulus czar,” the stimulus has financed 3,872,686 hours of work in the Granite State. However, the huge majority of the “Full-Time Equivalent” jobs appended to those hours – around 93% of all stimulus jobs, in fact — are government jobs through the State Fiscal Stabilization Fund. [We have appended the report below.]

All told, the report says the stimulus has created or saved 3,007 jobs.

But even that figure is in dispute as it results from a formula “mandated” by the Office of Management and Budget (OMB). Fitch prefers a different formula, one he advocates in his report that yields a smaller figure or 1,862 jobs.

The Obama administration estimated the stimulus would create or save 16,000 jobs in New Hampshire.

“OMB requires all states to follow the OMB formula for estimating jobs attributable to ARRA,” says Fitch in the report.

Democratic Reps. Carol Shea-Porter (NH-01) and Paul Hodes (NH-02) and Democratic Senator Jeanne Shaheen all voted for the stimulus. Republican Senate Judd Gregg did not vote as he was a designated cabinet appointee to serve in the Obama administration at the time.

Republicans wasted no time criticizing the jobs figures.

“New Hampshire’s working families are smart enough to realize that the Democrats’ economic agenda has failed to create good jobs or reduce the state’s skyrocketing unemployment rate,” says Ryan Williams, Communications Director for the New Hampshire Republicans State Committee. “In 2010 voters will hold Paul Hodes and Carol Shea-Porter accountable for supporting this misguided, budget-busting ‘stimulus’ debacle.”

Jobs Contracts Approved 093009

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  1. [...] Democratic Rep. Carol Shea-Porter is making national news again. This time conservative radio and television personality Sean Hannity is highlighting controversial remarks she made about the stimulus not meeting expectations after a new report shows it has created very few jobs in the Granite State: [...]

  2. [...] Stimulus has created 221 private sector jobs in New Hampshire : Now! Hampshire [...]

  3. [...] Now Hampshire looks at the jobs that actually got “saved or created”, even with the OMB measure, and notices a pattern: President Barack Obama’s American Recovery and Reinvestment Act (ARRA), commonly known as the stimulus act, created or saved only 221 private sector jobs between February 17th and September 30th NowHampshire.com has learned. [...]

  4. [...] in the wake of news that the stimulus bill has created very few jobs at all, the vulnerable House Democrat is quickly dialing back her support for the [...]



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