Plan to spend the nation out of recession isn't stimulating the economy or creating jobs
The Detroit News
President Barack Obama's plan to attack the recession through massive deficit spending is not producing the results the president promised in February when he convinced the American people to go deep into hock in the name of creating jobs and boosting economic growth.
Obama is well into spending the $787 million approved by Congress for his stimulus programs, and yet the unemployment rate is still climbing and economic recovery remains elusive.
Administration economists projected that the huge influx of borrowed federal dollars would keep the national unemployment rate from breaking through the 8 percent mark. It stands at 9.5 percent today and is still rising