Obama said that his stimulus plan would create up to 4 million jobs. Why, when he took office in Jan. 2009 was it 7.8% unemployment, but 9.2% unemployment, now?
Because The President's $787 billion Stimulus program has failed to produce long-lasting results and there has been no real economic growth.Government over-spending, bailing out GM and Chrysler, the enactment of health care and financial regulatory and reform bills have done nothing to aid economic recovery.Creating private sector jobs has been a fundamental failure and little more than generating unsustainable national debt has been achieved.Exports are down, banks are contracting lending,employers aren't hiring and consumer spending is at a historically weak level.The Stimulus lacked bold intiatives and a commitment to fiscal discipline and unemployment has been a key casualty.