Obama plan would make small dent in jobless rate
Even if Congress heeds President Barack Obama's demands to "pass this bill right away" and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years.
Why? Because the 1.9 million new jobs the White House says the bill would produce in 2012 falls short of what it's needed to put the economy back on track to return to pre-recession jobless levels of under 6 percent, from today's rate of 9.1 percent.
That's how deep the jobs hole is. The persistent weakness of the U.S. economy has left 14 million people unemployed and more than 25 million unable to find full-time work.
More on the Obama Campaign and A Stimulus Recipient Hosting a $25,000.00 Fundraiser
Missouri stimulus beneficiary hosting a $25,000-a-head fundraiser for Obama
Tom Carnahan is at the helm of Wind Capital Group, an investment firm that received a $107 million federal tax credit to develop a wind power facility in his home state of Missouri. In October, he’s scheduled to host a $25,000-per-person fundraiser to aid Obama’s reelection effort.
“At a time when Barack Obama is under fire for steering hundreds of millions of dollars in stimulus funds to a failed company linked to a major campaign donor, it is stunning that he would come to Missouri and raise money with another recipient of stimulus cash,” Smith said in a statement to POLITICO. “Sadly, Missourians have come to expect this kind of pay-to-play from the Obama administration. November 2012 can’t come soon enough.”
Please tell me how this scheme is all that much different than what Mericle did with Ciavarella and Conahan.
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