Economy Continues To Tank - Stimulus Bill Looks Like A Total Failure

[red states rule]

BREAKING NEWS: Economy loses 467,000 jobs in June, worse than expected; jobless rate at 9.5%

Looks like the trillions spent to "stimulate" the economy was a waste of money



Jobless rate rises to 9.5 percent
Employers slashed a larger-than-expected 467,000 jobs in June

Out-of-work with no place to land, the legions of America's unemployed are growing. The nation's unemployment rate rose to 9.5 percent in June, a 26-year high, the Labor Department said Thursday.

The rising rate comes as recession-weary companies continue to cut workers. Businesses slashed a larger-than-expected 467,000 jobs in June, up from 345,000 job cuts in May.

Companies are expected to keep shedding jobs through the rest of this year, but economists hope the pace will continue to taper off

http://www.msnbc.msn.com/id/31704515/ns/business-stocks_and_economy/

[red states rule]

So, the unemployment rate came out 9.5% less than the 9.6% predicted
job losses were 467k worse than the 370k predicted

Does this mean Obama saved another 150,000 jobs? :laugh2:

[red states rule]

Some in the liberal media are trying to provide Obama cover for his failed policies - while some are at least asking some questions


CBS Doesn't Mention Obama as Unemployment Hits 26-Year High
By Brent Baker (Bio | Archive)
July 2, 2009 - 20:39 ET

The unemployment rate in June jumped to 9.5 percent, the highest since 1983, as 467,000 jobs were lost, yet the CBS Evening News managed to air a story that didn't mention President Barack Obama or his “stimulus” bill while the NBC story only touched Obama's policies by running a soundbite of the President defending the lack of positive impact so far from his policies: “It took years for us to get into this mess and it will take us more than a few months to turn it around.” CBS reporter Anthony Mason remarked: “Hopefully it's a one-month blip.”

In contrast, ABC anchor Charles Gibson teased Thursday's World News: “Tonight, job jolt. Unemployment reaches a 26-year high. Where are all those jobs the economic stimulus was supposed to produce?” Setting up ABC's lead (CBS and NBC began with Michael Jackson), Gibson proposed: “The rising unemployment raises questions about the economic stimulus, which was supposed to create jobs.”

http://newsbusters.org/blogs/brent-baker/2009/07/02/cbs-doesnt-mention-obama-unemployment-hits-26-year-high

[actsnoblemartin]

can we do the same for osama? :coffee: