A new report showing a net loss of 125,000 jobs adds to the growing avalanche of evidence the $1 trillion stimulus has failed to boost the economy as promised, according to a chorus of economic experts.
Democrats had been planning to herald this as the Summer of Recovery, expecting a peak in stimulus spending. But the dreary economic news is contributing to a rising chorus of complaints from conservative economists that the stimulus spending binge has failed to deliver as promised.
"Yeah, I think we can say the stimulus was a bust," Stephen Moore, a Wall Street Journal editorial board member and the newspaper's senior economics writer, tells Newsmax. "The real problem is that the president has no plan B. We've had plan A, that was spend a trillion in stimulus. That didn't work. We've lost 2.2 million jobs since we started that spending, and all the president wants to do is add more stimulus. That's what's so disappointing."
Read more here
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
7 comments:
And this is a surprise?
the lion's share of the stimulus...went to fund public sector jobs that were in jeopardy because of a lack of funding...all patronage to Obama's ilk
now we are seeing cries foe another stimulus...and the threat of the loss of those same public sector jobs..
real jobs produce revenue..public sector jobs fuel nepotism and waste
Is reality about obama?
hindi news
A new report showing a net loss of 125,000 jobs adds to the growing avalanche of evidence the $1 trillion stimulus has failed to boost the economy as promised, according to a chorus of economic experts.
This is to funny. I was at the Kratovil thing in Salisbury last week and Kratovil was bragging about voting for the Stimulus bill and he would vote for it again because it saved thousands of jobs.
Do you dummies ever read beyond the headline. The private sector actually added jobs (which is what you want) while the gov. cut jobs (which I also thought was what you wanted).
Sheesh, your criticism is so much more effective when based on accurate information.
14 shows which states supply anonymous HIV testing.
One of the best part about getting examined for STDs?
Post a Comment