(CNSNews.com) - 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.
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.
In September 2012, according to BLS, 5,523,000 Americans had jobs in the construction industry. That is down from 6,558,000 in January 2009, when Obama took office; it is down from6,448,000 in February 2009, when Obama signed the $833 billion stimulus; it is down from 6,007,000 when the recession ended in June 2009; and it is down from 5,564,000 from January of this year, when Obama started the fourth year of his presidential term.\
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