Day by Day

Saturday, March 07, 2009

Obamas stimulust is saving jobs?

May I point out that the jobs that Acting President Obama is claiming his stumulus plan saved are jobs that would still be here anyway. I feel the need to further mention that every other report I have seen to date says that the jobs are still dropping like flies, including this article calling for Acting President Obama to do more.

While acknowledging an "astounding" number of job losses, President Obama told critics of his $787 billion economic recovery plan yesterday that it is saving jobs.

He suggested that critics who called the stimulus plan "unwise and unnecessary" should talk to 25 police recruits in Ohio's capital city who owe their jobs to stimulus spending. And "talk to the teachers who are still able to teach our children because we passed this plan," he said.

During a graduation ceremony for the police recruits, Obama also noted "the nurses who are still able to care for our sick and the firefighters and first responders who are still able to keep our communities safe."

Obama said the stimulus plan will save or create 3.5 million jobs in the next two years. But jobs numbers out yesterday showed that even if that happens, the economy won't be back to even.

The unemployment rate jumped to 8.1 percent last month, the highest since late 1983, with the loss of another 651,000 jobs. Three million Americans have been unemployed for at least six months. That means that since the recession began in December 2007, the economy has lost 4.4 million jobs.

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