RSSHow is that $787 Billion Obama Stimulus Plan Looking Now to Create Jobs & Lower Unemployment … Joblessness Rose in 29 States
How is that “hope and change” looking now on the Obama job creation front? Hey Obama Administration, It’s about the jobs, stupid …
California, Delaware, South Carolina and Florida registered record rates of unemployment in October, 2009. Worse yet, joblessness rose in 29 states in October as compared to 22 states the previous month. What happened to all those shovel ready jobs from the $787 billion stimulus plan?
Jobs created because he said he did
Joblessness rose in 29 U.S. states last month compared with 22 in September, the Labor Department said today in Washington. Michigan had the highest jobless rate at 15.1 percent, followed by Nevada at 13 percent and Rhode Island at 12.9 percent.
The national rate last month reached a 26-year high of 10.2 percent, weighing on consumer spending that accounts for about 70 percent of the economy. Federal Reserve Chairman Ben S. Bernanke said Nov. 17 that joblessness “likely will decline only slowly,” a reason policy makers will keep interest rates near zero to ensure growth is sustained.
The United States is staring at a 10.2% unemployment rate; however, that does not reflect that actual number of unemployed workers. The real unemployment number is 17.5%.
The unemployment rate is technically defined by people who are in the labor force – i.e. still looking for a job – but can’t find one. The 10.2% official rate is bad enough, but the real figures may be worse.
According to the BLS, the number of ‘discouraged workers’ rose to 2.4 million. 1.6 million of those have simply given up looking for a job and have not actively looked for work in more than 4 weeks. As such they are not counted in the unemployment rate.
Remember when Barack Obama said that the passage of the $787 billion stimulus plan was going to create or save 3.5 million jobs and keep unemployment at 8%? But Joe Biden says to all you that have lost your jobs, “In my wildest dreams I never thought it [the stimulus plan] would work this well.” Of course Biden has also been on the other side of the fence covering all bases stating that, The truth is, we and everyone else misread the economy.”
Worse yet, the Obama Administration falsely reported that number of jobs “created or saved”. The fuzzy porkulus math by the Obama Admin stated that more than 650K jobs were created or saved thanks to The One. Oh, REALLY???
From the Washington Examiner, 76,779 jobs ‘not really created or saved’ by the Stimulus (and counting)
With the first $787 billion pokulus plan being such a colossal failure, Obama recently saying that more deficit spending would cause a double dip recession, what are some Democrats talking about? Yes, that is right, you guessed it … a second stimulus plan.
Posted November 22, 2009 by Scared Monkeys Barack Obama, Business, Economy, Haleigh Cummings, Obamanomics, Politics, Pork, Recession, Socialism, Unemployment, WTF | 10 comments |
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10 Responses to “How is that $787 Billion Obama Stimulus Plan Looking Now to Create Jobs & Lower Unemployment … Joblessness Rose in 29 States”
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It is said that a fool and his money are soon parted…
A fitting saying considering the the Wall Street boys got the stimulus from our hard-earned tax dollars so they could maintain their 7 and 8 figure bonuses for bankrupting their companies and showing themselves for the abject failures that they are without penalty. Those companies were also first in line to receive H1N1 vaccines while our children have to wait for hospitals and doctor’s offices to get a supply in.
At least President Obama knows the masters he that he serves.
As for the joblessness, the platform he ran on…it doesn’t appear that this will get fixed until 2012, when a Conservative Republican President will get in.
@010 and 2012…change we WILL believe in.
You are forgetting he is having a job fair at the White House in early December.
Bringing people together, like Unions, to solve the job crisis. I guess that is what community organizers do, instead of actually having a plan and having the balls to be front and center to implement the plan.
What gets me is that no one, but no one can say that the jobs issue and unemployment was sprung upon them. Every one knew how bad it was.
Yet, this community organizer came into this job and had no idea or plan on how to fix it except to give $’s to pork barrel Dems as political pay off.
This community organizer cannot make a correct decision to fix the economy or to commit more troops to Afghanistan, even though he said he would during the campaign.
Every time you turn around Obama is doing something harmful to the US.
This is setting up to be total carnage in 2010.
R
This was the biggest financial crisis since those really catastrophic ones, and you expect him to solve this in hardly any time at all? You maybe can tell me some republican who can sh** jobs in a tough economic situation.
For the n-th time: The financial frack up of the world was legal.
Republicans failed to regulate. Now it is happening, against a hughe and greedy lobby and boos from the teabaggers.
The conduct of these bankers was despicable and Obama always called it that. He acted as much as possible without violating laws and punching the whole financial sector in the groin. Not all of them deserved that.
The thing is: Jobs and economy is done. They brought a ton of programs on the way. What should they do now?
Now it will take time for it all to go in effect.
Meanwhile they are productive at the health care front and other issues while having the finger at the pulse of the economy. That’s ok.
And, Afghanistan again: Thinking before shooting is considered virtuous where I come from.
You should be mad that you didn’t get a man like him 8 years earlier. Chances are that half the crap that happened wouldn’t have.
________
SM: WHO FAILED TO REGULATE?
GET YOUR FACTS STRAIGHT!!!
Who was allowing Fannie Mae and Freddie Mac to drive us into the sub-prime mortgage disaster? That would be Democrats Barnie Franks and Chris Dodd.
Who got pay off sweet heart mortgage deals from Country Wide? That would be Chris Dodd.
You will remember that when GWB took office there was a recession taking place after the Clinton Admin. That is a fact. Then there was all the scandals that Clinton looked the other way on.
How many jobs were created from 2000 to 2008? Hmm?
Of course there was a financial situation going on. You Obamamessiah knew it when he was running for office.
However, he has made it worse, not better. His socialist agenda is causing this to spiral out of control. The community organizer & Chief now owns this economy. This gutless President best stop blaming others and do his job. But thats the catch-22. If Obama implements his socialism, the economy gets worse.
This man is an unmitigated, disaster and a gutless wonder. I guess he needs Michelle Obama to make the decisions for him.
R
You are perfectly aware of the fact that joblessness would be even higher without the stimulus bill.
#4 libhomo
Without a plan, of course, That goes without saying.
He still is feeding us snake oil saying we have to give our miney(corporate welfare) to these charlatans and scalawags.
Our money is gone and our children’s money is going because these ne’er-do-wells suckered people of your leaning to give them the money instead of investing in Main Street USA. Red China is going to get even more of our jobs and we have fewer people with gainful employment.
All we did with that stimulus money is hand it over to bums in suits on Wall Street who didn’t know how to operate a business as they went kaput. And they are rewarded with our tax $$$. What a waste.
#3&4: hypnotized and ignorant to boot. the best of the obama world.
the bottom line is that the democrats lie, they know that they lie, and they know that their supporters will accept the lies to save face. even if it means destruction for their children.
i’ve yet to see a democrat that puts value on life, even of their families. what a bunch of brainless thugs. too much crack.
Not to mention that shameful, wasteful ‘cash for clunkers’ plan. Many of those cars were quite roadworthy. The savings to the environmental was absolutely negligible. About a half day’s U.S. carbon monoxide emissions were saved over a ten year period, I heard. Total symbolism, executed by the Obamamessiah throwing money like it was confetti.
[...] and Change, eh? With unemployment at 10.2% and rising, really at 17.5%, joblessness rising in 29 states, federal deficits out of control and Obama and Dems looking to pass Obamacare and Cap & Trade [...]
libhomo – really? where do you get those facts?
No one will EVER know what would have happened had he not had to “have this bill passed or it would be catastrophic.”
Hold on, if this stimulus bill kept unemployment down, then why did unemployment go up over 2% since the implementation of the bill? Why is unemployment higher than the 8% PROMISED if the bill was passed?
Here a bit of advice: put the kool-aid down because the more drink the more idiotic you sound.
Ah…as for the blood sucking lib that again is (boring) using the GWB blame mantra…come up with something different and something of fact…
Isn’t it funny how GWB gets ZERO credit for starting the TARP program that has in Biden’s words “saved the economy.” LOL!
The ONLY way you can tell if an economy is doing well is by the unemployment numbers plain and simple.
And since Obama’s so badly needed Stimulus, it’s gotten worse. Lib moron, this is Obama’s economy now…he implemented all these new programs to save the economy and it’s done diddley squat..SQUAT!
Red is right, the housing crisis, unregulated by the Dems in control, Frank and Dodd, caused this whole financial downturn…the experts have pointed to this…why do you think things haven’t really turned around? Because they have not seriously tackled the issue that started it all…housing!
And BTW, they are now giving out loans again to people with a 530 credit score…gee…wonder what Democratic led Congress made that new decision?
Get a clue you gutless liberals!