Posts tagged as:

Economic stimulus

Bish editorial cartoon Obama Wrong Jobs Plan

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WASHINGTON (CNNMoney) — Thousands of contractors who got stimulus money to do such things as build roads and provide social services owe more than $750 million in back taxes, a federal investigation has found.

More than $24 billion in stimulus money went to some 3,700 contractors who still owe the federal government taxes, according to the report released Tuesday by the General Accountability Office, Congress’ watchdog agency. Tax cheats accounted for 5% of 80,000 contractors who got stimulus dollars, the report said.

Full article at CNNMoney.

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September jobless report: We’re still screwed, jobless rate remains at 9.6%

October 10, 2010

NEW YORK ( — The job market suffered another blow last month, as business hiring dwindled and the government continued to shed workers. Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the previous month, when employers shed 57,000 jobs. Government […]

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Latest unemployed: Stimulus-subsidized workers

October 5, 2010

NEW YORK ( — Tens of thousands of low-income workers lost their jobs Thursday as a stimulus-subsidized employment program came to an end. About a quarter of a million people in 37 states were placed in short-term jobs thanks to a $5 billion boost to the Temporary Assistance for Needy Families program, according to the […]

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David Reilly of the Wall Street Journal: Election-Year Stimulus Can’t Counter Unemployment Woes

September 8, 2010

By David Reilly, Wall Street Journal Pass the silver bullet. With campaign season in full swing, the unemployment rate, and how to crush it, is front and center. Right out of the Labor Day starting block, President Barack Obama proposed an additional $50 billion in infrastructure spending. He also is expected on Wednesday to unveil […]

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