From CNS: Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.
In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.
While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.
This does not mean that the economy is not creating jobs, but rather that it is not creating jobs fast enough to keep up with a combination of layoffs and people entering the job market for the first time.
http://cnsnews.com/news/article/after-28-months-stimulus-spending-19-mil
We were promised by President Obama that unemployment would not go over 8% and of course that was not true.
One major problem with the Obama/Reid/Pelosi is that they put all their eggs in green energy and are trying to kill oil and coal energy. Green energy jobs don't produce that many jobs while coal and oil used to provide tens of thousands jobs and Reid and Obama personally killed tens of thousands of jobs in the oil and coal industry.
The damage is going to continue as now we are facing large increases in energy costs. It will hurt small business along with the poor and middle class. But Obama and Reid just don't get it and that is why Obama will be a 1 term president and Reid will lose the Senate in 2012.
Sunrise — 7:03.
3 hours ago
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