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The McNerney/Pelosi $983 Billion Stimulus Bill a Failure as New Labor Statistics Reveal California Unemployment Numbers Remain Among Nationís Highest

Original post made by Kelly, Canyon Meadows, on Aug 31, 2010

Unemployment soars as McNerney continues to promise jobs

This story contains 283 words.

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Comments (2)

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Posted by jimf01
a resident of another community
on Sep 2, 2010 at 10:22 am

jimf01 is a registered user.

Jerry McNerney himself stated that unemployment approaches 24% in parts of his district. Those parts are probably east of the Altamont Pass, so not that any of the snooty liberals in Pleasanton would give a care.

Obama's departing economic adviser Christina Romer is leaving DC and heading back to Berkeley, but she has now proposed MORE stimulus and lower taxes as a way to get the economy moving. Great, lets print and borrow more money instead of common sense reforms to get real money sitting in banks and private hands moving through the economy.

These people do not get it. Period.

"Romer acknowledged that the Recovery Act failed to keep unemployment from rising above 8 percent, as she once predicted, but said the problem was that the recession got worse than anticipated before the stimulus had a chance to do its work"
Web Link

She still doesn't understand exactly why it was so bad. The response to the collapse was inadequate. And she doesn't have much of an idea about how to fix things.

What she did have was a binder full of scary descriptions and warnings, offered with a perma-smile and singsong delivery: "Terrible recession. . . . Incredibly searing. . . . Dramatically below trend. . . . Suffering terribly. . . . Risk of making high unemployment permanent. . . . Economic nightmare."
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Like this comment
Posted by Stephen
a resident of Del Prado
on Sep 2, 2010 at 3:59 pm

If Pelosi's brains were as big as her fake t........s she would be a genius. Didn't she say unemployment checks were the biggest stimulus to getting the economy going? Geezzzzzzzzzz


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