President Obama says unemployment is likely to tick up for several months as the economy recovers from its deepest downturn in decades.
The president said Tuesday that renewed employment typically lags behind other signs of improvement as a swooning economy turns around.
More than 2 million jobs have been lost since Congress passed Obama's $787 billion economic stimulus package. The unemployment rate stands at 9.5 percent, the highest in 26 years.
Obama said the single biggest challenge for the U.S. and other nations is the creation of enough jobs that pay good wages.
He spoke in the Oval Office after meeting with Dutch Prime Minister Jan Peter Balkenende. - FOX News
I think that we were all sold Ocean Front Property in Arizona on this one. Obama sold us all on the idea that the massive Stimulus package was needed to save all of these jobs and stop the job loss. Hell, I remember the remark about Caterpillar hiring people back if the Stimulus got through. It had to be done and it had to be done RIGHT NOW!!!
Now we are all being told that it is working! What? Working? You call more than 2 million jobs lost since it's signing, the highest jobless rate in 26 years Working? Are you kidding me?
No comments:
Post a Comment