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Unemployment Numbers Show Obama's Stimulus Is Sinking With the Economy

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The real facts are...no jobs nor, growth in jobs. Obama's financial team is a joke and the worst I fear hasn't yet, occured.
The poor and the working poor have made their beds in poverty. Without multiple types of jobs'creation, the median folks will soon be joining us.
The economy can't grow, if everyone who would buy, is destitute. That totally includes the housing markets, which aren't going to grow for a long time to come.
Americans are in debt up to their hairlines!!!!
If you have money today, it won't be worth as much tomorrow.
Job growth is mandatory beyond green jobs and infrastructer! Which means there is no hope of jobs, in most other worker's fields of employment!
And come to think of it all...It is governmental meddling that put us in this place and continues to decimate us!
Add the never-ending WARs and the Great Depression looks like where we are truly heading again... Market growth, my a.....more like a Pipe Dream Wall Street and the government hopes to sell.
Only no congressman would have the balls to admit it, until it was too late, so they could save their own political butt!

S. Lampman/ another-peon of CA 8:10PM October 20, 2009

IT'S NICE TO HELP BIG BUSINESS LIKE GE. BUT GE EMPLOYEES ARE LOOKING TOWARDS A BIG LAY-OFF. ALL THE TAX PAYER MONEY HE'S GIVING TO GE IS GOING TO BUILDING AN INDUSTRIAL COMPLEX IN VIA
ET-NAM
General Electric Begins Building $61M Plant In Vietnam-Report

TIM GALLAGHER of MS 2:39PM June 27, 2009

ive heard better ideas from my freinds than from the white house, for one theyre giving money to the businessess that took peoples houses (anyone remember that anymore?) and as an additional slap they give money to gm, whos sinking still, and yet you still see truck commercials with 8 mpg's, how about affordable efficient cars, man its like inheriting a mansion, theyre just riding the free ride while the house collapses around them

matt of ME 1:29PM June 23, 2009

All of Obama's policies are fiscal failures.
There is too little stimulus money actually deployed. There is no accounting for what has actually been done.
Everybody keeps listening to the rhetoric and promises. RESULTS are what counts and there aren't any yet.
America needs to wake up and not respond to Obama's healthcare "fear of crisis" babbling this year and deal with it next year after we see some actual RESULTS.

Norden of IN 2:19PM June 15, 2009

Someone above said we should build more government buildings. Are you kidding me??? More government buildings means more government jobs which means higher taxes.
You don't have to be a rocket scientist to figure out Obama is only for government growth and power over the people.
Most children can figure out his failing policies. Lets see...we have less money so we'll borrow more and spend more. If we can't do that, then we'll just print more money.
liberal fools, keep drinking the cool aid....it will all be better when the government has full control over us.
I will do all I can to vote these idiots out of office.
On a smaller level, just look at New Jersey. We're run by the liberal machine and we are a disaster. Almost as bad as California.

Rick of NJ 10:01AM June 13, 2009

Stage 1 is to get a start. First you have to stop the decline. Building new government buildings is a way to do that. Since the people who are building them still have jobs they will spend money. That will further increase demand. Maybe some of them will even decide to remodle their homes if they feel that the porject they are on will last. You will get those bills paid off and see something you want to buy. Again more demand.
The economy currently has lots of supply. Giving business more money would do nothing because business would have no reason to spend it. Business can make everything consumers want with the manufacturing capacity it has. Giving consumers more money tends to result in them buying more and using up that capactity. It's not fast but it's faster then giving the money to over stocked businesses.

Bill Couture of CA 10:42PM June 09, 2009

You sure Bill, the analogy of the patient fits well here:
Let's imagine that the stimulus plan was to be suspended now. What will happen is that the anticipation consumers and business had about its boosting effect on the economy will die out, and this of itself will create uncertainty and may well lead to a new downward spiral. The Stimulus has a double effect with respect to recovery and job creation. Perhaps the lesser acknowledged effect is the confidence created in the economy for private enterprise and consumer consumption. In fact, this indirect effect will be the strongest push for economy recovery and job creation. Then there is the direct effect of the Stimulus Package spending and its multiplier effect given the areas of expenditure (education, infrastructure, green jobs, etc.)

Aluceo of NY 1:12PM June 09, 2009

Exactly my point. I work in Construction and believe me, you are right. In the South East the only things being built are Libraries, Fire Stations, Schools & Prisons. Well the problem here is this. These jobs are going to Construction companies still opperating, so where is the job that created. Suppliers are not all of a sudden coming to existance out of thin air. Plus suppliers are not going to re-hire until things are stable (not more but stable). So these new jobs by the stimulus package are not going to increase jobs for the community nor will they revive the economy. (Public works projects create more government jobs which feeds nothing into the economy), we need retail stores, restaraunts and things like that to be revived before the economy will reivive. And as for the extra $25.00 in my pay check I myself and most americans are using that money either save or pay off a debt of some sort. That again has no immediate impact on a recovery from depression.

Ymerej of SC 1:00PM June 09, 2009

The biggest orders my company are seeing are government related. It's the same with the construction group my wife works for. What to make of that?

D Hue of GA 12:39PM June 09, 2009

http://www.rususa.com/money/finance.asp See link above for the effect of the stimulus plan on the stock market immediately after its passage in mid-February 2009: the NASDAQ, Dow Jones and S & P 500 have made a dramatic U-turn upward since March 2009.
The reason for the high job losses is very simple. Those jobs were going to be lost anyway as business and consumer confidence entered a vicious cycle to depression following the failure of the financial system - these job losses arose out of lack of confidence in the financial system. Actually, the stimulus role at the onset more than any immediate spending in the economy itself has been to provide assurance to consumers and businesses that government will spend in the economy thereby upholding consumer and business confidence and avoiding the real prospect of a depression. So the stimulus first role has been "anticipatory" in forestalling a depression.
Believe it or not, it is not out of the question that without the stimulus plan we might have been talking now about the loss of not 1.6 million jobs but 5 or 6 million jobs at the trend at which consumer and business confidence went on falling before its passage. See link on the rise of consumer confidence since the stimulus plan was passed in mid-February 2009.
http://www.market-harmonics.com/free-charts/sentiment/consumer_confidence.htm
Actually, the word "stimulus" here can be misleading in that it underemphasizes the effect of the stimulus in arresting a grave and downward spiral of the economy and rather draw focus mainly on creation of jobs which is the second and yet to fully come dimension of its impact.

Aluceo of NY 11:51AM June 09, 2009