The economy is gaining momentum and the Democrat-passed stimulus package is only just beginning to pay dividends to the American workforce, President Obama's advisers said Sunday, defending the administration against GOP accusations that the stimulus is falling flat.
Republicans had slammed the $787 billion stimulus as ineffective following Friday's Labor Department report showing that unemployment hit 9.4 percent in May, the highest in 25 years.
The Obama administration, which recently has sought to highlight the achievements of the stimulus bill's first 100 days in action, is kicking into high gear. It is expected to announce plans Monday to speed up the release of remaining stimulus funds over the next 100 days by targeting the best places to spend the cash.
To the naysayers, White House advisers are urging patience and asking them to look on the bright side of the stats.
"It's a substantial improvement from what the job losses have been," White House economic adviser Austan Goolsbee, told "FOX News Sunday," noting that the 345,000 jobs lost in May was far less than in prior months. "That's the smallest job loss since September of last year."
Senior White House adviser David Axelrod told CBS' "Face the Nation" the economy is showing clear signs of improvement. - FOX News Story
Really? You think so? I wonder just where things would be had we not done the massive Stimulus and Bailouts? The Government would be in a hell of a lot better position financially and the FOUNDATION would be in much better shape. Did Obama help the Economy Recover? or Did he slow it down and put it on even more shaky ground with the massive debt?
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