Obama, the stimulus, and jobs

last updated 8 January 2015

What happened

President Obama is promising to create more than 600,000 new jobs this summer by accelerating some of the $787 billion economic stimulus spending Congress approved earlier in February. But even that employment boost won't offset the more than 1.6 million jobs lost since then. The losses have pushed unemployment to 9.4 percent, the highest since 1983. (Los Angeles Times)

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The original stimulus certainly hasn't delivered so far, said Brett Blackledge in Townhall. True, most of the money hasn't been spent yet. But Obama always said the effects would only kick in over time, and the 9.4 percent unemployment rate is considerably worse than the 8 percent unemployment the White House predicted. No wonder Republicans are "slamming" the stimulus "as a big government program that ultimately will do little for recovery."

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