Remember, this comment about the $787 billion Stimulus package. At this point, unemployment was supposed to be 5.2%. This figure came directly from the Obama administration. We are at 7.9% which is higher than when he took office.
President Obama keeps saying the same thing, "We created 5 million new jobs." He does not tell you that he is counting the increase from where the econony bottomed out. There are still 23 million Americans out of work. When you are in a hole, climbing up does not change the fact that you are still in a hole.
The Bureau of Labor Statistics' U-6 number, which totals the unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force, is 14.6%.
Showing posts with label Stimulus Package. Show all posts
Showing posts with label Stimulus Package. Show all posts
Sunday, November 4, 2012
Saturday, October 17, 2009
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending - Political News - FOXNews.com
With the bulk of the $787 billion stimulus package still unspent, some lawmakers say, President Obama should not be adding yet another $13 billion to the deficit by funding a one-time $250 Social Security payment.
The complaints are coming from Republicans, who see last February's recovery act as a fiscal blunder that has failed to stem rising unemployment. In some cases, such as the Social Security checks, they see the pot of money still waiting to be spent as a way to head off additional deficit spending in other areas.
I can tell you from personal experience that the stimulus package did nothing for me. I'm still unemployed and am looking for something during the holidays.
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With the bulk of the $787 billion stimulus package still unspent, some lawmakers say, President Obama should not be adding yet another $13 billion to the deficit by funding a one-time $250 Social Security payment.
The complaints are coming from Republicans, who see last February's recovery act as a fiscal blunder that has failed to stem rising unemployment. In some cases, such as the Social Security checks, they see the pot of money still waiting to be spent as a way to head off additional deficit spending in other areas.
I can tell you from personal experience that the stimulus package did nothing for me. I'm still unemployed and am looking for something during the holidays.
Posted using ShareThis
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