Friday, October 15, 2010

The "stimulus" - One Year Later
 This problem has been shown throughout the United States; you can even see it in the towns around me. Obama was so proactive about getting this bill passed right away and it has shown no progress whatsoever. Like the blog says, the only thing that has shown in the past year is 4.02 million jobs have been lost. The bill was supposed to help out 3.5 million people throughout the nation to get a job. Now that more jobs have been lost than gained as the blogger says, now Obama has more work than he even started with because he will have to find the 4.02 million jobs that were lost PLUS the 3.5 million he promised to give to people by the end of the year.   Obama clearly was not thinking at the time of the bill or if it actually was going to work or help anyone.  Obama's  "...top economic advisers offered a cautious forecast on Thursday that U.S. job gains for 2010 will average 95,000 a month," but this does not look very promising considering that this was posted in February. Thus, if it stays at this pattern, Obama would still fall short of jobs that he was promising to the nation.  Before the bill was passed, the statistics say that the unemployment rate was at 7.7%.  Since the bill has been passed it has risen to over 10%.  I completely agree with the blogger that things just went down hill since the bill has passed. The blogger makes a good point about the cost of the bill. America is already struggling with money and another $862 BILLION dollars went down the drain and has gone to waste. This bill simply did NOT do anything

No comments:

Post a Comment