The first time jobless claims rate was 404,000 for the past week, the 14th consecutive week this total has been above 400,000. This puts the monthly average (a four week average) for first time claims, people who have lost their jobs and are making benefit claims for the first time, at 1.6 million.
By contrast, the net total for jobs created in a month, specifically, the month of June, was 18,000, one of the worst jobs statistic in history. That's 1.6 million losing their jobs versus 18,000 newly created jobs.
Suffice it to say that the Stimulus was a stark failure if we are to judge the Stimulus in terms of Obama's promises for that stimulus (unemployment under 8% and the creation of hundred of thousands of jobs each month). His idea that thousands of jobs were "out there," just waiting for funding (i.e. "shovel ready") proved to be nothing but the pipe dream of a know-nothing academic. And now, he has no alternative plan in mind, except to pass more burdensome regulations on small business, to increase their taxes, to force them to pay for health insurance not previously in their budget(s), and to complicate their "green footprint" standards. Moron.
No comments:
Post a Comment