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Stimulus: The Good News, and the Bad
JICWyllie
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10-31-2009 1:55 PM
32 views
tags:
1-employment
,
1-policy
,
1-recession
,
1-stimulous
,
2-change
,
2-consequences
,
3-forecast
,
4-us
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6122f0e7-292c-4d5b-8d02-2e323c2e2d80/3C6A59BC-25D3-49E7-8E4C-5CA3A56BE522/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm" href="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"><P> New figures released by the White House on Oct. 30 add to evidence that the federal <A rel="topic" href="http://bx.businessweek.com/us-economic-stimulus/">economic stimulus package</A> is working to create and save jobs. Unfortunately, that's not altogether good news. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"> If the stimulus is working, and the job market is extremely weak in spite of it, what will happen when the stimulus begins to fade sometime next year?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm">A million or so jobs sounds good until you remember that U.S. employment has fallen by more than 7 million since the recession began in December 2007. Economists estimate that the economy lost roughly 200,000 more jobs in October alone. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm"><P> The Obama Administration and Congress don't appear to have the stomach for another major stimulus act, in part because the ballooning federal deficit will mean higher taxes in the future and possibly higher interest rates if bond investors get nervous. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091030_565596.htm">Still, many economists say something will have to be done to buoy the U.S. economy as the stimulus fades in the second half of 2010.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3C6A59BC-25D3-49E7-8E4C-5CA3A56BE522/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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