The American economy lost another 85,000 jobs in December and the unemployment rate remained at 10 percent, setting back hopes for a swift recovery from the worst downturn since the Great Depression.so where did the stimulus money go? it isn't working Obama. you don't borrow that much and not have results. My guess is he is waiting to spend the job money right before the election. We have been had. the system was stacked for power. Obama took power by destroying the market through his Saudi friends with oil prices to end the war in Iraq. Obama blamed the Neo-Cons and let MSNBC lead the charge, but the reality is the strings of the puppet show are showing now.
The report intensified pressures on the Obama administration to show progress for the $787 million spending bill it championed last year to stimulate the economy. In recent months, the administration has emphasized initiatives aimed at encouraging jobs, while cognizant that concerns about the federal deficit limit its ability to pursue further spending.
We want ze money, Lebowski!
“It certainly isn’t the best report, because we continue to lose jobs,” the Labor Secretary Hilda L. Solis said. “But last year at this time we were losing over 700,000 jobs a month. The recovery act continues to help.”Some economists fixed on a potentially positive trend tucked within the data: For a fifth consecutive month, temporary help services expanded, adding 47,000 positions in December. The increase burnished the notion that companies are recognizing fresh opportunities and are inclined to add labor, even as they hold off on hiring full-time workers.
so temp services expanded... this is good? don't try to spin it NYTimes. your horse Obama is a loser. The NYTimes should be replaced by Temp workers
“We’re going in the right direction,” said Michael T. Darda, chief economist at MKM Partners, a research and trading firm in Greenwich, Conn. “If we just have a little bit of patience, we’ll start see monthly increases of 200,000 to 300,000 jobs within six months.”
right around the time that Obama cares about an election.... hmmm?
But in millions of households still grappling with the bite of a wrenching downturn, patience has long been exhausted — along with savings, credit and cash to pay the bills.
