ESSENCE.COM: In your opinion as an economist, how has President Obama handled the economy? MALVEAUX: If I look at the economy overall, I would give President Obama an incomplete. He inherited a situation, and it’s been very difficult for him to get his hands around any number of things. But in terms of job creation, […] ↓ Read the rest of this entry…
NEW YORK (CNNMoney.com) — The White House unveiled Thursday the first hard data on how many jobs the $787 billion recovery act has created. So far, 30,383 jobs have been created by companies that have gotten $2.2 billion worth of stimulus contracts directly from the federal government. That equates to $71,500 per job based on […] ↓ Read the rest of this entry…
Let’s go back to the dark days of eeeeevil Bush empire. “While the overall rate (i.e., the rate for all jobseekers) and the white rate specifically both fell by 0.4 percentage points in the first three years of the early 1990s recovery, the rate fell slightly faster, by 0.6 points, for African Americans. This relationship […] ↓ Read the rest of this entry…
USA Today reported on the recent release of the GAO (Government Accountability Office) and its findings on the effectiveness of the stimulus bill that was signed back in February of this year. “The report says that as of mid-June, states had received about $29 billion of the estimated $49 billion in stimulus funding they are […] ↓ Read the rest of this entry…
From the Real Clear Politics article “Get Ready for 14 Percent Unemployment”. Like the Bush administration before it, the Obama team is pinning its hope for economic recovery on “stimulus”. Despite the fact that Bush’s $168 billion stimulus package in early 2008 had no impact at all, Obama rammed a $787 billion stimulus bill through […] ↓ Read the rest of this entry…
Remember how Bush was hammered repeatedly for later acknowledging that he should not have declared “mission accomplished” in Iraq? WASHINGTON — Vice President Joe Biden said the Obama administration “misread how bad the economy was” but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending […] ↓ Read the rest of this entry…
We as parents will oftentimes warn our children of potholes in life’s road in hopes that they will avoid them. When they willingly choose to ignore us and do their own thing, all we can do is simply watch as they run right smack into one of those avoidable holes. EVERYTHING Obama is doing right […] ↓ Read the rest of this entry…
WASHINGTON (Reuters) – President Barack Obama said on Tuesday that worrying about the U.S. government’s finances “keeps me awake at night” and the country needed to start planning now to tackle soaring deficits. In a pair of interviews on CNBC and Bloomberg television, Obama defended increasing government spending to prevent the recession from worsening, and […] ↓ Read the rest of this entry…
As news began to trickle down to us common folks that the stimulus money was doing basically nothing to slow down the decent of the American economy, it was mostly conservatives who began to call President Obama out on it. In the meantime, the Obama fan base kept trying to paint the picture that critics […] ↓ Read the rest of this entry…
The latest unemployment figure has us at 9.4%, but somehow folks have been able to make light of it. Party, party, party! Even this article was able to find a sliver of a silver lining in the high Black unemployment figures. “The good news (or not so bad news) is that the black unemployment rate […] ↓ Read the rest of this entry…
List of Chrysler Dealers to Be Closed G.M. Notifying 1,100 Dealers That They Will Be Dropped “Elmer’s or Gorilla?” I just want to know what type of glue you are sniffing if you are repeating the White House talking points telling you that the economy is in “recovery”.
WASHINGTON (AP) — Counties suffering the most from job losses stand to receive the least help from President Barack Obama’s plan to spend billions of stimulus dollars on roads and bridges, an Associated Press analysis has found. Although the intent of the money is to put people back to work, AP’s review of more than […] ↓ Read the rest of this entry…
Here’s another slice of perspective for ya’. May 5 (Bloomberg) — South Africa’s unemployment rate, the highest of 62 countries tracked by Bloomberg, rose in the first quarter as the economy probably entered a recession for the first time in 17 years. The jobless rate increased to 23.5 percent from 21.9 percent in the previous […] ↓ Read the rest of this entry…
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