Stimulus Package Working, So Says The President
I know, this is old news having came out four days ago, but I think it worth repeating. The administration spins the yarn that the multi-billion dollar stimulus bill is working. The President claims that jobs are being created or saved even when job loss continues. While the beginning of the current economic downturn and job losses did not start under President Obama, it has been over a year now he has been in the saddle, and he and congress now bear responsibility. The very least the administration could do is level with the American people. Here is a short excerpts from the Heritage Foundation article: A year ago, White House economists predicted that the stimulus bill would create (not merely save) 3.3 million net jobs by 2010. Since then, 3.5 million more net jobs have been lost, pushing the unemployment rate above 10 percent. More specifically, in January 2009, non-farm payroll employment totaled 134.3 million jobs. The White House estimated that without stimulus, the numb...