[OPE] 30,000 Stimulus Jobs

Quite some time ago - I cannot track it down in the archives right now - I
mentioned that Mr Obama must be underestimating the unemployment problem,
and that there was no way that the "stimulus jobs" could keep up with rising
unemployment. Now have a look at this:

30,000 Stimulus Jobs Reported So Far
MICHAEL COOPER
October 15, 2009
Businesses that got stimulus contracts directly from the federal government
reported creating or saving 30,383 jobs so far, according to data published
Thursday by the Obama administration.
http://www.nytimes.com/2009/10/16/us/16stimulus.html?_r=1&hp

Surely this cannot be accidental or simply a bureaucratic wrangle; it must
be a political judgement that Americans in their wealthy country need a
taste of adversity, but that after falling down, they will get back on their
feet with individual iniative... be it with a more frugal lifestyle, after
being "disciplined" by the market to consume less and save more.

If there was big political pressure from American citizens, a will to halt
unemployment and create more jobs, they would do it. But it appears the will
is not there (yet).

Jurriaan

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Received on Thu Oct 15 17:12:26 2009