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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Sully- who wrote (75697)12/3/2009 12:33:01 AM
From: Sully-1 Recommendation  Read Replies (1) of 90947
 
The Stimulus: What Was It Good For?

By: Jim Geraghty
The Campaign Spot

This news item is easily overlooked, and revealing:

<< "Highway-construction companies around the country, having completed the mostly small projects paid for by the federal economic-stimulus package, are starting to see their business run aground, an ominous sign for the nation's weak employment picture." >>>

The month the stimulus passed, February of this year, 6,593,000 Americans were employed in construction; in the most recent report from the Bureau of Labor Statistics, 5,966,000 Americans were employed in that field. In other words, while all of this stimulus-based construction was going on, the profession lost 627,000 jobs.

Not only did the stimulus fail to create a significant number of jobs in the overall economy, it had little or no impact in the one area that provided that much-hyped slogan: “shovel ready.”



campaignspot.nationalreview.com
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