Jan 03 2009
Obama Says Without Stimulus Package We Could See Double Digit Unemployment
Newsflash for President-Elect Obama: Stimulus package or no we’re going to see double digit unemployment. How much more stimulating do they plan on doing before they realize it’s not working. All this creation of money out of thin air is just going to hasten our down fall.
No amount of tossing cash at the problem is going to make people spend or prevent companies from slashing jobs. If folk thought 2008 was bad, they ain’t seen nothing yet. Apparently all those “experienced” folk he surrounded himesel with don’t get it either. From HuffPo:
President-elect Barack Obama urged congressional leaders Saturday to move quickly on an economic recovery plan, even as some Republicans are saying they want more time to review the details.
Obama said Congress should pass an American Recovery and Reinvestment Plan designed to create 3 million jobs. The Democratic president-elect hasn’t announced a final price tag on it, but aides said the cost could be as high as $775 billion.
“For too many families, this new year brings new unease and uncertainty as bills pile up, debts continue to mount and parents worry that their children won’t have the same opportunities they had,” Obama said in an address taped Friday and distributed on radio and posted on YouTube Saturday morning.
Here’s the full video:
