Monday, June 29, 2009

Stimulus Jobs "Where are the Jobs"

The President and Democratic controlled Congress passed the 787 Billion Dollar Stimulus Package and many Americans are starting to ask "Where Are The Stimulus Jobs". The White House says the stimulus package has created 21,000 highway and transit jobs as of May 31. The number, one of the first counts of actual stimulus based employment is based on state reports to Congress House Transportation and Infrastructure Committee. Thousands of indirect jobs were created such as deli employees who prepare lunch for construction workers who produce the steel for projects were also created or sustained jobs. The White House says that 787 Billion Dollar Recovery Act has created or saved 150,000 jobs in the Administrations first 100 days. The President said during a speech a week ago that the stimulus package created or saved 600,000 jobs. The cost of one stimulus job is $92,000 per job according to the White House formula. Congressional Republicans who have blasted the Recovery Act as wasteful spending and won't create the number of jobs promised took issue with the Administration figure. Republicans criticized the Obama Administration for not reporting a specific number of jobs created or saved by stimulus plan based infrastructure spending. Republicans on the Transportation Committee pointed out the only 21,000 jobs were created , though the Committee Democrats have said the 64.1 billion dollars in infrastructure spending would create 1.8 million jobs. Republican leaders have slammed the Obama Administration for failing not to stem the rising unemployment rate. The unemployment rate is 9.4% in May and is expected to reach 9.6% in June when the new numbers are released on Thursday. The Democratic Party have made plenty of promises about putting Americans back to work but I think the question is where are the stimulus package jobs?. Finally, after spending almost a trillion dollars there better be some jobs by the end of the summer if Democrats want to stay in control of the Congress in the 2010 mid-term elections.

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