Why hasnt the stimulus package created jobs?
February 17, 2010
A year ago President Obama signed the Stimulus bill, the biggest single spending bill in U.S. history. Creating jobs was the main goal of the bill. Despite the official data that shows a fall of unemployment, a much broader survey of employers shows that payrolls were actually reduced by 20,000 jobs in January. The modest job creation proposals coming from the White House and Congress won't do much to create the 11 million jobs that are necessary to restore U.S. employment to pre-recession levels.
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