Uploaded on Jan 23, 2012
Get the facts: https://my.barackobama.com/jobsgraphad
After taking office, President Obama signed the Recovery Act to help get our economy back on track. As a result:
-The U.S. has seen 22 consecutive months of private-sector job growth.
-The private sector added more than 3.1 million jobs over those 22 months,.
-Manufacturing added 334,000 jobs in the last two years, the first time since 1997 that manufacturing employment rose.
-The President passed legislation to create jobs and supporting working Americans, including:
-A payroll tax cut for all working families, providing the average working family with a $1,000 tax cut in 2011.
-Expansion of small business loan programs to help small business access credit and create jobs.
-Initiatives to help veterans transition to post-service careers.
-Tax incentives for businesses that hire unemployed veterans.
The President's decision to provide emergency loans to the auto industry:
-Saved more than 1.4 million American jobs.
-Prevented personal income losses over two years of more than $96 billion.
-Helped make the big three (Chrysler, GM, and Ford) all profitable for the first time in years.