unemployment
Dept of Labor- Actual Unemployment @ 16.8% not 9.7%…
By PUMA Pundit on September 5, 2009
Yesterday we were told that unemployment is at 9.7%, but this number is only accurate if we count those who are unemployed i.e have NO work and have NOT had work for 15 Weeks or longer. Looking at the Department of Labor stats however, when one factors in: *The Recently Unemployed: All those who have [...]
Posted in Economy | Tagged barack obama, department of labor, stimulus package, unemployment
As Obama floats 2nd Stimulus Idea, some Democrats Balk…
By PUMA Pundit on July 8, 2009
The first stimulus was predicted to be a failure, and all signs indicate that it is, yet there is talk in DC about passing a second Stimulus. Thankfully, some Democrats in Congress are balking at the very thought of this. Bloomberg Democrats who control the levers of power in Washington are divided over whether to [...]
Posted in Capitol Hill | Tagged barack obama, budget deficits, democrats, Economy, GOP, Harry Reid, jared bernstein, joe biden, republicans, Sheldon Whitehouse, steny hoyer, stimulus, unemployment
As 467,000 Jobs Lost In June, Abject Failure of Stimulus Becomes Clearer…
By PUMA Pundit on July 2, 2009
When Barack Obama was pushing for his stimulus, anyone who understood basic economic theory knew that the premise for it was fundamentally flawed; you grow the economy by lowering taxes, not by printing more money and increasing government spending. Either way, despite the Stimulus, official unemployment numbers have hit a 26 year high of 9.5%, [...]
Posted in Featured | Tagged barack obama, gdp, healtcare insurance reform, jobs, stimulus, timothy geithner, unemployment, unemployment benefits