As you may have heard, the latest numbers on unemployment were released today and merely provide a metric for what Americans across the country have known for a while now; the economy still has not recovered. These numbers, which have broken the double digit mark for the first time in 26 ? years, clearly indicate that the President’s Stimulus package has done nothing that it was intended to do, which was to make the recession shorter and shallower.
You will remember that President Obama’s economic advisors indicated that with the passage of the so-called ‘stimulus package,’ unemployment levels would not exceed 7.8%. Now, as we stare down the face of unemployment levels of 10.2%, it begs the question, Mr. President, where are the jobs?