Thursday, February 18, 2010

Is 'stimulus' creating more jobs - or more debt? (OneNewsNow.com)

Is 'stimulus' creating more jobs - or more debt? (OneNewsNow.com): "A budget analyst says the one-year anniversary of President Obama's economic 'stimulus' package is yet another reminder that government cannot create new wealth, only redistribute it.



A CBS/New York Times poll released last week found that only six percent of Americans believe the stimulus created jobs. However, in his annual report to President Obama on the progress of the stimulus, Vice President Joe Biden claimed that the package has saved or created approximately two-million jobs, even though only half of the funds have been distributed."

No comments:

Post a Comment

Spamming will be removed.

Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.

Note: Only a member of this blog may post a comment.