07-06-2009
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President
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Member Since: Feb 2004
Location: Louisville, Kentucky
Posts: 10,331
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Re: Holy Hell...470,000 job loss in June, national 9.5%
Quote:
Originally Posted by htperr6565
i already stated that the stimulus is more of a political gimmick than a real economic plan.
read much?
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Here you go partner .. here is an article that explicitly states what many people on here have posted and you've ignored:
Quote:
Stimulus: Progress or broken promise?
NEW YORK (CNNMoney.com) -- Nearly five months after President Obama signed the American Recovery and Reinvestment Act (ARRA), a still-worsening economy has many wondering if stimulus is a bunch of baloney.
In February, the stimulus bill was passed with the promise that funds would be paid out quickly to save or create 750,000 jobs by early August. Without it, the Obama administration said, unemployment could rise to 9% in 2010.
The Obama administration estimated that the stimulus package helped to create or save 150,000 jobs in the administration's first 100 days, and will save or create 500,000 in its second hundred days, ending in early August. Still, that's little help to an economy that has shed an average of 490,000 jobs per month, totaling 2 million lost jobs since the stimulus bill's signing.
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