Saturday, June 20, 2009

Unemployment


Just 10 days before taking office, Obama's top economic advisers released a report predicting unemployment would remain at 8 percent or below through this year if an economic stimulus plan won congressional approval. In May of this year unemployment reached 9.4 according to the Bureau of Labor Statistics with no real signs of stopping. At this point I am not sure if we can clearly see that pumping billions of dollars of artificial dollars into the economy is the best way to bring lasting jobs to this economy.

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