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job creation: Stimulating the Economic Numbers - 11/23/09 01:18 AM
Statistics can be tricky. It all depends on who is doing the math and for what purpose. The latest report on how many jobs can be attributed to the workings of the stimulus package is a perfect case in point. The Obama Administration came out at the end of October with the announcement that the stimulus package has created 650,000 jobs.

To give the government credit, it didn't just pull that number out of a hat. The Recovery, Accountability, and Transparency Board (RATB) is an independent entity that has tracked the money being spent for the Recovery Act. Every dollar … (0 comments)

job creation: Is the President's Economic Plan Just Stimulating Conversation? - 06/20/09 12:57 AM
Somewhere, somehow 600,000 jobs are going to be created and/or saved by the end of summer. In fact, the White House announced recently that 150,000 jobs have been saved in the last few months. Maybe it was yours; maybe it was mine. The problem is that all this job saving is a little difficult to pin down.

President Obama announced recently that this summer will see a ramping up of spending from the $787 billion stimulus fund and create or save 600,000 jobs. According to the Associated Press, the President spoke to his cabinet about "modest progress" in the economy. … (0 comments)

job creation: How the Stimulus Plan May Help You - 02/27/09 12:02 AM
$787 billion is a nearly unfathomable number. What does it really mean and where it all that money going? According to the official American Recovery and Reinvestment Act website the money is broken down in the following manner:

$288 billion - Tax relief
$144 billion - State and local fiscal relief
$111 billion - Infrastructure and science
$81 billion - Protecting the vulnerable
$59 billion - Health care
$53 billion - Education and training
$43 billion - Energy
$8 billion - Other

The biggest chunk of the money goes to something called "tax relief." The website defines it as … (0 comments)

job creation: Obama's Economic Recovery Plan - 01/10/09 02:13 AM
The outlook is grim and the solution is costly. President-elect Barack Obama didn't have much in the way of positive news to give on the American economy in his recent speech at George Mason University. "In short, a bad situation could become dramatically worse," he said as he outlined the numbers on unemployment, falling revenues and the mind-boggling national deficit.

However, the future president was not without hope. "I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama said. That dramatic action comes with a $775 … (2 comments)

 

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