Stimulus Money - Taking to long to create jobs
Monday, July 6, 2009
Critics of President Obama seem to be coming out of the woodwork. This time, its from his own party, as Democratic House majority Leader Steny Hoyer outwardly claims that the stimulus money, $787 billion dollars being allocated is taking too long to create jobs. The conservative party also seems to be highly critical these days, as Republican John Boehner claims that the bill was flawed. Many people agree with this thinking, as it was full of pork barrel spending, and the results of this spending is already surfacing. Millions of dollars are being spent on projects that are not creating jobs. The main issue here was that the stimulus bill was supposed to create jobs, but instead, the jobless rate has risen to at least 9.5%. Even President Obama acknowledges that the unemployment rate is allot higher than expected. The only problem is unless the stimulus money starts creating jobs, then the jobless rate will continue to grow.
The bottom line, President Obama will be judged as a successful President if jobs are created, because that most likely will be the one way that the economy will turn around. He no doubtedly will be blamed if jobs are not created, but likewise will be credited when jobs are created. Regardless of the outcome, he must be credited for taking the initiative.
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