August 19th, 2009
04:00 PM ET

Why hasn't stimulus package produced more jobs?



FROM CNN's Jack Cafferty:

Six months since the Obama administration pushed through the massive $787 billion economic stimulus package. So where are the jobs?

House Republican Whip Eric Cantor says he doesn't think the program is working as well as it was advertised, and says no one should be highlighting the benefits of the plan.

Cantor points out that when this thing was passed - the administration predicted it would keep unemployment lower than 8.5-percent. The jobless rate in July was 9.4-percent.

The White House has pushed back against critics of the stimulus bill - saying it's working as planned - by easing but not erasing the impact of the recession.

They say it will take a "very, very long time" to fill what they call a "very, very deep hole." That's fine… but where are the jobs?

Most economists agree the recession would have been worse without the stimulus... although they don't agree on how much it has helped.

Meanwhile - a new USA Today/Gallup Poll shows most Americans think the stimulus package has cost too much money and isn't doing enough to end the recession.

57-percent of those polled say it is having no impact on the economy or making it worse. 60-percent doubt the plan will help the economy in the future... and only 18-percent say it has done anything to help their personal situation. Not exactly rave reviews.

Here’s my question to you: Why hasn't the stimulus package produced more of a recovery in the jobs market?

Interested to know which ones made it on air?

Stacy from St. Augustine, Florida writes:
I've been in Delaware since the middle of May. There is road construction everywhere you go. There are a lot of dump trucks on the road. When the dump trucks are moving, construction is happening. Everybody around here says "Thanks Joe".

Michael writes:
Very silly question. When we are funding studies on the brown marsh mouse, more unemployment benefits, more food stamp benefits, etc. with a stimulus package, should we wonder why it isn't working? The stimulus package was nothing more than political payback to those that voted for Democrats. Very little infrastructure spending, which actually would have had a double benefit: more jobs and better infrastructure.

Dave writes:
Jack, The last I heard that only 12-percent of the package has been sent out. And the states are still awarding contracts so we need to give it time to work its way through; it's only been 7 months.

Bob writes:
The bailout has failed because small businesses and consumers still can’t get affordable financing. The Wall Street bailout let horribly run firms stay in business. That prevented new more responsible lenders from replacing them, and that is preventing Main Street from recovering.

Don from Alabama writes:
Jack, As a college philosophy teacher, I have to say that the biggest problem with the stimulus package is not the package itself, but the culture that needs the package. We, the people of the American Culture of Bounty, are spoiled to the point of absurdity....wanting quick fixes for our own comfort, rather than giving the potential process time to work its way through the 'wilderness' our traditional demand for 'bounty' has produced.

soundoff (210 Responses)
  1. Diane Dagenais Turbide

    The jobs will be there once the Banks starts lending again to small businesses..the real job creators!

    August 19, 2009 at 4:08 pm |
  2. John, Fort Collins, CO

    As Sarah Palin might say, "When a trillion dollars is shot out of a very powerful cannon, shooting it way up into the atmosphere, it takes a long time to land on the ground and create what you might consider an actual job where people are getting a paycheck and stuff". I personally, don't have a clue.

    August 19, 2009 at 4:08 pm |
  3. Sharon, Rockford, IL

    I am so tired of American impatience. Economics is a flowing thing, nothing happens immediately. It took us years to get to this point and even longer for Americans to feel the full effect. It will take equally as long to turn around. Fixing our economy is a process. Jobs are the last to go and will be the last to recover, unfortunately it just works that way.

    August 19, 2009 at 4:08 pm |
  4. Gary of El Centro, Ca

    It takes time, but it's coming.........didn't you see that GM hired over a thousand of their workers back? There will be more of that in the coming months.

    August 19, 2009 at 4:09 pm |
  5. Al Bledsoe in Dallas

    Structural recovery. –Cheaper automation make many jobs irrelevant never to be recovered. The Cloud replaces shrink-wrap, etc. Big Auto - gone - Replaced by low-wage, low-benefit American workers in semi-rural areas employed by Japanese Auto manufacturers. You can always gloat that productivity has gone up, however. I think Greenspan did this after the recessions he nursed. New jobs, new technology and new innovation is needed. You can't buy this stuff - you have to think!

    August 19, 2009 at 4:09 pm |
  6. Melissa

    Why won't you post this? You know its true.

    The reason is that only 10-15% of the stimulus has been released by Congress. It can't do much when its languishing in the Federal Reserve doing nothing.

    August 19, 2009 at 4:09 pm |
  7. frank

    it hasnt because it was for the rich to get richer
    and us to pay for it

    August 19, 2009 at 4:10 pm |
  8. Pugas-AZ

    It has been like flying into the wind: your ground speed is much lower than you would like. Too much unemployment momentum has built up and too much time has been wasted setting up program spending plans. There will be a time lag, as there is in most of what the government does, and reduced consumer spending is still taking its toll.

    August 19, 2009 at 4:10 pm |
  9. richard

    it's not creating many jobs thats true,but it is a fact that it is saving jobs,if it wasn't for the stimulus, we all would be jobless and living in the gutter.thank goodness for it.

    August 19, 2009 at 4:11 pm |
  10. d

    Nobody knows how good or bad it would have been without the stimulus, but it turned out very convenient for the Republicans to get out and let soemone else fix the mess. McCain's choice of VP might just have been a lot less dumb than we think.

    August 19, 2009 at 4:11 pm |
  11. Laurie

    Because the money was given to the wrong people

    Newnan, GA

    August 19, 2009 at 4:12 pm |
  12. Jamie

    Hello? Trickle down doesn't work. After 8 years you would suppose that lesson had been learned. The haves got the goodies. Have nots still out of work. Shove the money in at the bottom even with WPA make work jobs and let the profits trickle up. What a concept!

    August 19, 2009 at 4:12 pm |
  13. Jared , Dayton, Virginia

    Jack, why won't we give it time? People expect the minute it was passed, the sun was supposed to shine and everyone was supposed to get a job. Patience is the key!

    August 19, 2009 at 4:12 pm |
  14. Terrence Banks

    The stimulus bill failed to save jobs because of the unprecedented scope of this recession. Remember Jack, the unemployment numbers, while not what we were promised, are lower than what was forecasted a few months ago.

    August 19, 2009 at 4:12 pm |
  15. Will from Sunrise, Florida

    When you take medicine, it doesn't always work immediately. You need to give it time before it start to work. We likely won' t know if the pill is a placebo or not until it's too late.

    August 19, 2009 at 4:12 pm |
  16. Erik Bunger

    Hey Jack, jobs seem to be the last to rebound in every recession/depression. I blame the fat cats who only hand out the money when it won't fit into their pockets

    August 19, 2009 at 4:13 pm |
  17. Dee in Florida

    One reason I have heard is that with regard to those "shovel ready" projects, due to additional requirements like more paperwork etc, the projects that SHOULD be shovel ready and SHOULD already be in progress, may take 7 extra weeks AFTER the opening of bids.

    No matter how you look at it, 8 weeks is TWO MORE MONTHS that will see no work, no shovels being used at all. In fact, I believe that CNN actually had this information in a news bite several days ago.

    Another reason is that the corporations that received the big stimulus packages have just KEPT the money, plumped up their bottom line and are doing business as usual.

    The American people, in simple words, got screwed and the corporations have made out like bandits.

    More reasons? Why is it that in the midst of this huge recession American jobs are STILL going offshore?

    Until the PEOPLE get enough and until CONGRESS decides to really work for those who elected them, this will continus.

    We are not, IMHO, even bottomed out yet and I believe much worse economic news will come. And frankly, I am wondering if we will EVER recover.

    August 19, 2009 at 4:13 pm |
  18. Renald N. (FL)

    Jack your starting to sound a little crazy! Half of the stimulus money set aside for jobs hasn't been sent out yet, and if Obama rushed that money out with massive freud occurring, you would be yelling about that!

    August 19, 2009 at 4:13 pm |
  19. Eric

    There is no question that we've continued to lose jobs in this country. But the stimulus made the Department of Energy the largest venture capitalist firm in the United States – it was about investing in the future. Jobs will grow out of green technology firms, which are only beginning to take root in our struggling economy.

    August 19, 2009 at 4:13 pm |
  20. Michael in Albuquerque, NM

    the stimulus is being used to shore up state and city budgets. The other question is: Why isn't TARP helping the economy? The answer to that one is that the banks are hoarding the money, refusing to lend, and spending it on bonuses.

    August 19, 2009 at 4:13 pm |
  21. charles

    Because the administration gave all that money to bankers, in the hopes they would loan it here and there and get things working again. Unfortunately, they forgot to tell the bankers, so the bankers just kept the money, or gave it to each other as bonuses.

    August 19, 2009 at 4:13 pm |
  22. Tamra

    The stimulus hasn't produced more jobs because the companies are using the money for themselves. I don't believe the money will be filtered down the way the government wants it to. There are a lot of greedy people out there, especially business owners who have bigger expenses and more luxurious lifestyles.

    August 19, 2009 at 4:13 pm |
  23. John MacQueen

    Of course the stimulus hasn't accomplished anything..

    Most of the spending isn't even going to be done this year.

    An emergency stimulus bill that spends almost no money within 12 months of passage is not a stimulus, it's just irresponsible pork..

    August 19, 2009 at 4:13 pm |
  24. Linn From Albuquerque

    Everything was already way out of control before any of the stimulas packages went out. This stuff takes time. Lots of red tape. One thing is for sure we are in a better place now than we would be if we did nothing.

    August 19, 2009 at 4:13 pm |
  25. Shirley Mesquite

    Because the media has not given the process enough time to work. This is just a question leading to something against President Obama for next weeks headlines in the News. Someone comes up with a negative question and runs with it for a period of time. You people are going to drive the President "crazy".

    August 19, 2009 at 4:14 pm |
  26. Mike Armstrong TX.

    Because the stimulus was ment to bail out the rich people who started this mess in the first place the government made a big mistake thinking this was going to help the people.

    August 19, 2009 at 4:14 pm |
  27. Sly, Alpena, Mi

    First Jack, How much of that $787 billion was actually used or given out by the Government?

    August 19, 2009 at 4:14 pm |
  28. SmallBizAdvocate

    How come less than 3/10 of 1% has actually gone to small businesses that create over 97% of all new jobs?

    August 19, 2009 at 4:14 pm |
  29. Joe Lawrence

    Perhaps if the original stimulus plan had passed, as opposed to the watered-down bill we ended up with results would have been better. I find it ironic that the gop, the party primarily responsible for the economy on 1/20/09, can expect things to turn around on a dime. To move from the disastrous position the previous administration left us in to prosperity in six months would take more than this administration was given to work with.

    August 19, 2009 at 4:14 pm |
  30. Steve

    The people voting on this who say the plan isn't working...are these the same people who think Obama is a Socialist or Hitler? I find it ridiculous that we are questioning something that simply cannot be defined in 6 months. We are filtering $800 billion into our country that has to be dispersed amongst all states and then each state has to determine where this money goes and that requires bids from companies and the process continues. Logic and common sense would tell you that this money is helping, albeit slightly right now. But I do believe that this money was helpful to a point. I don't think anyone should have thought this was going to make everything better. This was a band aid on a gushing wound and I would almost think more stimulus should have been given to do it right. Patience folks!!

    August 19, 2009 at 4:14 pm |
  31. nigel

    the jobs are going to mexico jack.
    part of the stimulus was for chrysler and they are opening there new fait small car plant in mexico jack not america or canda in mexico.
    whats wrong with these people .
    they take taxpayers money and open a plant in another country ,something very wrong here jack very wrong.

    August 19, 2009 at 4:14 pm |
  32. Patrick

    well hey i cant speak for any side of this question because im from texas and our genius governor thought it would be a good idea to deny the people of texas there stimulus checks i havent recieved anything and it would have helped pay for a lot for me as an incoming freshman in college

    August 19, 2009 at 4:14 pm |
  33. Cathy

    Simple, it was not big enough. Obama wanted something bigger, but was forced to go with a cheaper plan. The ones crying about how its not working were the same ones who wanted to do it with less or not do it at all.

    August 19, 2009 at 4:14 pm |
  34. Donna (Ohio)

    Historically, recovery from a recessionary economy is slow – and jobs are the last segment to recover. Six months isn't long enough. Give it time.

    August 19, 2009 at 4:15 pm |
  35. BJ Couch

    Stimulus, what stimulus. Banks are not financing, exception to those who have excellent credit and no jobs being developed, at least not in our area; Elkhart, Indiana with unemplyment at over 16%. Stimulus is for the Banks only!

    August 19, 2009 at 4:15 pm |
  36. Jo

    It hasn't worked because they haven't distributed all of the money yet. The last I heard it spoken about, only 15% of the cash has been given out. There were supposed to be MANY "shovel ready" projects ... GIVE THEM THE CASH!!!

    August 19, 2009 at 4:15 pm |
  37. Michael

    Very silly question...when we are funding studies on the brown marsh mouse, more unemployment benefits, more food stamp benefits, etc. with a stimulus package...why should we wonder why it isn't working? The stimulus package was nothing more than political payback to those that voted for democrats...very little infrastructure spending which actually would have had a double benefit,,more jobs and better infrastructure

    August 19, 2009 at 4:15 pm |
  38. BobB

    The bail-out has failed because small business and consumers still cannot get affordable financing.

    The Wall St bail-out let horribly run Wall St firms stay in business. That prevented new more responsible lenders replacing them. That is preventing Main St recovering.

    August 19, 2009 at 4:15 pm |
  39. Bill in Florida


    I can tell you one reason that the economic stimulus hasn't produced more jobs. Several states still haven't used the funds to get any work going. My state, Florida, is one of them. In fact, we received funds for our highways, and we are last in the nation to get the projects going. Don't forget Alaska, where Sarah Palin threatened to veto the receipt of federal stimulus funds. What about South Carolina, Mississipp, Louisiana, Alabama and Texas? I've also heard that other states have not take advantage yet. So, is it any wonder that these stimulus funds aren't having the intended impact?

    August 19, 2009 at 4:15 pm |
  40. Robert Lang


    It hasnt ptoduced more jobs because that is not how economics work....don't you know that by now. First come the job loses, then comes the recession then comes the recovery then comes an increase in productivity and then come a return of jobs. Asking loaded short term questions like you are asking is what got us into this mess.....short term why hasn't it happened already thinking. You expect a 13 trillion dollar economy to turn on a dime, Obama told us a long time ago it will a quick way back. If the republicans would quit stonewalling and confusing the american people, we may actually be able to get some things done that could put our country back on a long term growth track....like renewable energy technology......they are stopping our country from progressing...literally....

    Bellevue, washington

    August 19, 2009 at 4:15 pm |
  41. Hubert Bertrand Oberlin La.

    MONEY went in the wrong hands,We are still buying from overseas,We were told that we were going to make what we need here in the U.S. and that would give jobs.Congress can't do anything right.

    August 19, 2009 at 4:15 pm |
  42. Louise

    In my community, the stimulus hasn't added jobs, but it has saved many that were on the chopping block. Teachers, healthcare workers, construction workers who might have been cut are still employed. I think it's great because I don't want them on the unemployment line with me.

    August 19, 2009 at 4:15 pm |
  43. Matt Bridgewater

    Jack, the poll you cited says only 18% see the stimulus as helping, yet only 10% of the stimulus money has been spent. You claimed that the poll isn't a rave review of the stimulus plan. But if only 10% of the stimulus money has been spent, and 18% see an improvement, this seems to me a very good and efficient start to the stimulus pan.

    August 19, 2009 at 4:15 pm |
  44. Deb (New York)

    I truly think the stimulus package averted disaster and now it is patience that will get the second phase to start working. Most employers are cautious for the time being. Soon they will start rehiring and we will once again prosper. The middle class will be once more.

    August 19, 2009 at 4:15 pm |
  45. Dave

    The reason why it hasn't produced jobs is because..you have to give the stimulus money to the consumer NOT the Companies..without Consumers you have NO SALES period !!!

    August 19, 2009 at 4:15 pm |
  46. Gary H. Boyd

    Jack, Jack, Jack. It's a simple matter of monumental governmental bureaucracy at its Pork Barrel best. We're talking billions here Jack and moving that much money anyplace in a hurry is beyond the capability of even our most pork barrel oriented politicians. Besides they may not have even printed it yet. Isn't this a great country?

    Gary H. Boyd, Scottsdale, Arizona

    August 19, 2009 at 4:15 pm |
  47. Bobz- Lafayette Ca

    Hi Jack,

    The stimulus wasn't intended to take full effect until 2010. The economy is recovering based on economist reviews and Ben Bernanke. It will take awhile for jobs to recover though since they are a lagging indicator. It would help is if the banks would hold up their end of the bargain by modifying mortagage loans more quickly. The Cash For Clunkers program is working very well. Critics should be thankful we averted the second great depression.

    August 19, 2009 at 4:15 pm |
  48. Rick

    The stimulus has only started to take effect in the last few weeks the cash for clunkers being the obvious example. Anything that has happened so far is more about the money Bush spent last fall. Hey, this stuff takes a while to work. It will work but it's not coffee and won't be ready in 3 minutes. The most that's happend so far is that we're not all in bread lines so when we say it hasn't worked, well I know I'm still buying bread at Safeway so something is working.

    August 19, 2009 at 4:15 pm |
  49. Ryan

    If I'm not mistaken Jack, the stimulus package was designed to end the bubble and bust economy that keeps causing recessions. We've been in this type of economy for 90 years. It's time we built an economy that's real and not based upon credit.

    August 19, 2009 at 4:15 pm |
  50. Wendel Bauman

    The economy would have recovered on its own without a stimulus package. Now, we have indebted Americans beyond the point of no return. Why not hire more czars to oversee the stimulus to create jobs?

    August 19, 2009 at 4:16 pm |
  51. danny anderson

    My GOD, the man has only been in office 8 months, the mess he inherited was monumental and he doesnt have a majic wand. Eric Cantor and his party created the monster, i suggest they get out of the way and as usual let the Democrats again restore order.

    August 19, 2009 at 4:16 pm |
  52. Wes Strong

    The Stimulus plan isn't working because it is designed to make profits for the rich instead of help working people. The case that best describes this is the anti-worker attacks carried out by Obama as part of the GM bailout. Obama, who many believe supports workers, demanded that the UAW take on more concessions, even on the back of decades of concessions given to GM to maintain thier profit rates. The stimulus doesn't worker because its meant for the top 5% and does little for the rest of us.

    August 19, 2009 at 4:16 pm |
  53. Ray

    We know the stimulus package cant do it ALL! It is also up to companies that let so many people go to start refilling their staff levels to a decent amount. I and many of the people I know are working four or five different places in the same company, sometimes not because the company is having more financial issues, it might be that more is going to the bottom line or into a nest egg for reasons that in times like these dont make much sense. Please, companies, starting hiring again and giving just a little of the profit margin up for the good of what the stimulus is meant for...EVERYONE to somehow benefit. Come on companies, we the American People need you to loosen the purse strings just a little....

    August 19, 2009 at 4:16 pm |
  54. Bobby

    It will take longer than 6months to correct 30plus years of bad economics. This country produces no goods other than food weapons and automobiles. We have to stop importing and start exporting if we ever want to turn our situation around

    August 19, 2009 at 4:16 pm |
  55. alex

    Well it doesn't matter how much money give away in a stimulus package. If big and private companies continue to send jobs overseas and prefer to fire and or decrease pay rather than cut their seven figure salaries.... nothing will change.

    August 19, 2009 at 4:16 pm |
  56. Mitch Dworkin - Dallas, Texas

    There have been some inefficiences in the stimulus package, a road to nowhere in West Virginia, and it probably needs more time to work. However Obama and the Democrats have until November of 2010 for it to work in order to help prevent another 1994 from happening!

    August 19, 2009 at 4:16 pm |
  57. Jay

    We should stop this need for instant gratification with everything. President Obama has time and again said that the job numbers will dip further before it starts to pick up. The American people and the media in particular needs to be patient and not rile the entire country.

    August 19, 2009 at 4:16 pm |
  58. Chris in Mass

    First, neither economics nor any other discipline dealing with human behavior is an exact science. Secondly, we have no way of knowing how much good the stimulus has done or will do. We may know how many ships wreck despite a lighthouse, but we will never know how many averted disaster because of one

    August 19, 2009 at 4:16 pm |
  59. Miriamfl

    Jack, as president Obama admitted the cittuation in the economy was even worse than they had innitially predicted. Much of the stimulus 2/3 of it has gone to help pay for cobra on laid off employees, extended unemployment benefits etc... Pres Obama has been in office a little more than 6 month taking over a country that was close to a total crash and everyone wants it fix now. This took the Bush Gang 8 years to destroy and it will take years to repair if at all possible.

    August 19, 2009 at 4:17 pm |
  60. Zac

    I think you're focused on the wrong part of the story in that you say most experts believe the stimulus package has helped lessen the intensity of the recession, but you choose instead to focus on a poll of non-experts, of which a little more than half say it's not helping.... That's like taking the advice of a regular person over a doctor when dealing with a health issue. If a doctor told you your medicine was working and helping you, would you stop taking it if a poll showed that most people didn't think it was helping?!?!

    August 19, 2009 at 4:17 pm |
  61. A Southern Lady

    George Bush has left such a deep hole in every aspect of the economy that it is and will take more time for the stimulus package to show noticeable progress. If it had not been enacted, the economy of this country would have continued its nose-dive over the cliff as the Bush administration let things get worse and worse. All the far right Republicans who are screaming about money should remember when Bush spent like a drunken sailor and took us to two unnecessary wars, there was not a peep out of them, not about the disasterous decision to take us to war, but the cost that continues to bankrupt the country. I will place my money on Barack Obama, a man of broad intelligence, over any of the once-proud Republicans who, have no plan themselves and only continue to be the true party of No.

    August 19, 2009 at 4:17 pm |
  62. Jerry

    I believe that most of the money went to bail out banks, wall street, and big businesses and the common person was left out of the bag again. So, what else is new with our tunnel visioned politicians?

    August 19, 2009 at 4:17 pm |
  63. Matt Nguyen

    Is this a joke? It has already been emphasized by the current administration that this stimulus package is meant to improve the long term situation and there's a 100% chance that it will. We've already seen some effects of it in the housing market, unless for some reason the conservatives are trying to attribute this growth in the Bush administration's work. Moreover, much of the stimulus package has yet to be released, so we cannot expect to see the full results of the package until it has. In the end, many people (especially those who criticize the package) will have to realize that the economy doesn't suddenly spiral upwards and that its a slow ascent.

    August 19, 2009 at 4:17 pm |
  64. BD

    You can't cite poll numbers as proof of anything except for public opinion. I frankly don't care what the majority of Americans *think* about how well the stimulus has worked, because the majority of Americans don't really know much about it. Just look at the fact that nearly half of Americans believe these ridiculous "death panel" conspiracy theories. The American people aren't known for being brilliant. Sorry, I know it sounds harsh, but it is the truth.

    That said, this recession was a LONG time in the making, and NO ONE thought it was going to be solved over night. Some economic indicators already hint at a recovery, which is pretty impressive considering how much conservatives watered down the bill in Congress. It will obviously still take more time though. Also, no one can say that absence of a huge recovery at this point in time is any evidence that we weren't spared a far worse recession by this stimulus. Things could have been a lot worse, and facts suggest that Obama's policies pushed us back from the edge of the cliff.

    In the end, we need to be patient for a change, like adults.

    August 19, 2009 at 4:17 pm |
  65. Igor Davis

    The reason jobs haven't come back yet is because it's too soon. This plan was stated and has been told many times that it was planned to work over 18-24 months, not 8. The American people have no patience and have no memory about the fact he said we had to persavere and deal with the hardships involved.
    The stimulus money has not been all spent yet and the health care reform issue is a huge part of it. The public option is extremely important to the recovery as was stated. If it does not pass, I don't see a way out of the Bush mess. by the way, when are any of those guys going to jail for things like lies, deceit, illegal acts, etc, et al????

    August 19, 2009 at 4:17 pm |
  66. lynn

    Aren't you a little late? I was waiting to hear this in 2007 and especially when we were waiting the months after the election. Not a damn word.

    Maybe the wall street liars and corporations want some more money while they continue to kill us softly with their song...

    August 19, 2009 at 4:17 pm |
  67. JanineM101

    We might want to consider how many jobs were saved and how many people got to keep their jobs because of the stimulus package. There could have been a much bigger "sucking sound" of jobs going down the toilet,to quote Ross Perot.

    August 19, 2009 at 4:17 pm |
  68. Tara Gordon

    Why do people think that the economy will turn around in the little bit of time President Obama has been in office. It took years to get into this mess and we need to have a little patience and faith in the President we elected to get us out. This is an instant gradfication country which is partly the reason we are in this mess.

    Tara Gordon
    Washington DC

    August 19, 2009 at 4:17 pm |
  69. David

    Sorry Jack but you in the media are beginning to sound like the annoying little kid in the back seat during a long road trip. Instead of saying "Are we there yet" we get the constant drone of "Is the stimulus working yet", "Is the stimulus working yet"?

    August 19, 2009 at 4:17 pm |
  70. Ken, Long Beach, CA

    The question should be, why hasn't the "private" sector produced more jobs. People have this idea that the "Stimulus package" is going to make private businesses go back to hiring people. It will not, and it was not designed to do that. It does have funding for infrastructure and other related items that create or save "government jobs", like police, fire, teachers, or road construction, but not private industry. I'm in IT, it is not going to get me a job in IT. The GOP keeps hollering that the private sector creates the majority of jobs in America, then ok, lets put their feet to the fire and ask them, "Where are the "private sector" jobs?".

    August 19, 2009 at 4:17 pm |
  71. Steven

    I believe way to much of it has been siphoned off by the "Fat Cat Crooks" of Wall Street, the same ones who robbed us blind and put us in this recession! It will also take time and patience to recover from the conservative mantra of " lower taxes for the rich, less regulation for the financial sector".

    August 19, 2009 at 4:17 pm |
  72. Arjan

    The stimulus succeeded in stopping the fall of the US Economy.
    Now the economy is at the Ground Zero of this. But we still have to get back to the point where we were before the crisis. Unfortunately, there isn't a lot of money left for that.

    August 19, 2009 at 4:18 pm |
  73. mack from michigan

    . Not a lot of thought went into the stimulous package that was rushed thru channels in a do something even if its wrong frenzy. The democrats were so desperate to report back to their constituancy that they had done something, that no thought or planning was given to what they'd done. Road building sounds great but what used to take 200 men with shovels now takes one guy with a tractor and the guy that owns the tractor gets all the money just for owning the tractor!

    August 19, 2009 at 4:18 pm |
  74. Carol Stevens

    Jack, I am no economist, but isn't it accepted wisdom that job creation will be the last thing that occurs following a recession as recovery begins? It seems to me that many of the economic indicators have shown significant gains since President Obama has been in office, and the stimulus seems to be doing what it was designed to do–although by increments. He is not a magician–and everyone wants to see jobs return so that families are not in such dire straits, but can we at least take the good news that has been occuring lately as a sign of better things to come??? If I want gloom and doom, I can always watch Fox News–or listen to the GOP leadership–how about a little optimism for a change????

    August 19, 2009 at 4:18 pm |
  75. Brenda

    It will take time. The president has made this clear. This is not overnight its going to take time. Obama has only been in office for 6 months. Bush took 8 years to screw up the economy it would be very naive us to think that jobs will flow in in 6 months time. If you look at severe recessions and/or depressions over history jabs are always the last to show improvement. For God sake he's the President not God !!

    Now for a moment lets wonder what the economy would be like if the stimulus package was never passed and/or McCain and Palin won in November

    August 19, 2009 at 4:18 pm |
  76. Carol Simonis

    Hi Jack, The only ones getting jobs are government workers and getting raises, too! They didn't need it, those are the best jobs in the country. No wonder the economy is bad, business as usual!

    Carol in Wisconsin

    August 19, 2009 at 4:18 pm |
  77. Ray

    Democrats are wasting a lot of money combating the endless funds of the medical insuance establishment and swiftboat republicans.I say push it thru and let the Republicans cry.
    And on another point,If you want to see what the stimulas has done,look around-you still have a job!!!!!!!!!!

    August 19, 2009 at 4:18 pm |
  78. jim Blevins

    There are lies, damn lies and statistics. The Republicans are absolute masters of making statistics say anything that they want. Fact - unemployment is nowhere near the levels seen in the Great Depression. It might have been without the stimulus package. Fact - our local paper is constantly talking about work being done with funds from the stimulus package. Lie - the stimulus package is not working.

    Jim, Craig, CO

    August 19, 2009 at 4:18 pm |
  79. Cameron in SF, CA

    Since our future generations are paying for this so-called "stimulus" I wish we would use it on them for better education and opportunities to become more productive citizens. The problem is the stimulus was used all over the place for a million things that not one sector is seeing significant growth or recovery. It's like patching a roof instead of replacing it. It still looks in bad shape even after the repairs.

    August 19, 2009 at 4:18 pm |
  80. dennis

    the stimulus money has gone to companies that will keep the money and distribute as massive bonuses to people that caused the problem our economy is in. no more stimulus checks for any companies let them sink or swim. also we need to regulate , regulate and more regulations on these companies and financial institutions that run our government and tell our elected officials what to do.

    August 19, 2009 at 4:18 pm |
  81. george in MD

    jobs are coming ,in new form call government tax funded health-care., after that is a new land reform for illegals and maybe tax funded housing...and farm reform for the poor and other nameless reforms are still in pipeline.

    August 19, 2009 at 4:18 pm |
  82. Oliver

    well, like all things, it takes time to produce jobs, it took years for us to hit rock bottom. we starting feeling the effects of the recession back in 2007, obviously this will take some time, if not longer. hell its only been a few months, come on people.

    August 19, 2009 at 4:18 pm |
  83. Allan Cole

    Jack, I can only offer anecdotal evidence, but it seems to me that the stimulus package is working. My wife's company – a real estate/ mortgage/ title outfit in South Florida nearly went out of business after over 50 years of service to the community. Officers were closed, well over a hundred people laid off, another 25 or so went on part time status, and everyone who remained had to take a ten percent paycut. A month or so business started to creep back, enough so that they are starting to rehire, including an assistant for my wife – a woman who was laid off from the same company over a year ago.

    Allan – Boca Raton

    August 19, 2009 at 4:18 pm |
  84. Steve

    Well Jack, maybe Obamas medicine show is showing the flaws of a junior senator like he should be.

    August 19, 2009 at 4:18 pm |
  85. kelly andereck

    Not sure what others think is going on but jobs are a component of stimulus totaling maybe 1/3

    Noth withstanding, as an architectural consultant speacializing in environmental design and renewable energy, I am forecasting a nearly 200k year, up 24% from last year and am currently working with company that is getting stimulus monies to teach classes to project managers, facility managers, contractors and others about Green jobs.

    We might not see the spider in the woods, but if you look closely it is there so I suggest people who complain should think a little, use your brain and get off your but an work for those jobs

    August 19, 2009 at 4:19 pm |
  86. Ken in Pinon Hills, California

    Our manufacturing jobs have all but been exported overseas. We don't make things anymore, and provide the jobs that spin off from the manufacturing industry.

    August 19, 2009 at 4:19 pm |
  87. Kristen La Combe

    Hello Jack-

    The so called "stimulus" benefitted no one except the banks and wall street- Why would anyone throw all that money at an obviously failed institution, that continued to reward their executives with bonuses?
    Why not take that money, divide it up and "stimulate" the economy with the citizens who would spend the money to do just that? Instead the banks aren't lending and did not deserve this bail out period-

    August 19, 2009 at 4:19 pm |
  88. Nicole

    I live in Calgary, Alberta (Canada). Yesterday a large US company who owns/operates a factory here which manufactures office furniture announced it is shutting down and relocating all 600 jobs to it's head office in Holland, Michigan. Apparently there was some incentive money entitled to them if they did this which was ultimately funded by the stimulus. There's new 600 jobs for you...

    August 19, 2009 at 4:19 pm |
  89. Noris Ward

    I'm retired and living on my pensions that I've worked all of my life to depend upon at this time in my life. I, personally, see no problem with the current situation. I personally do not know anyone who is in a jobless situation. If I close my eyes I cannot see a problem here. Unfortunately I cannot close my eyes. We have a president who has taken steps to undo that which he previously had no control. Let us give his actions some time to make a difference.

    August 19, 2009 at 4:19 pm |
  90. Marcus in California

    That's like asking "so, where's my paycheck" right after you've been hired for a new job. Obviously, it's been a while since you've had a lesson in economics, Jack. Any stimulus, especially a huge, national one, takes much longer than six months to take effect. It takes a very, very long time for these things to reach small businesses, which is where most of the new jobs will materialize. In the meantime, people need to be proactive and update skills through local community colleges. Stop relying (and blaming) the government for your own problems.

    August 19, 2009 at 4:19 pm |
  91. Paula From GA

    It is working to pay back the Democrat Backers during the 2008 Election. To get their pork Projects a boost in their states. It is to give anyone else that gave them a HAND IN WINNING!!. from Acorn to the Unions. It was never to get the Economy to move.

    August 19, 2009 at 4:19 pm |
  92. ursula crawford

    Simply because states are using it to plug their miscalculated budgets. Its frustrating because they havent given"the people" any say in how its used and its going for everything BUT jobs.Shame. Shame.

    August 19, 2009 at 4:19 pm |
  93. Tom

    Santa Monica, CA

    Where are the jobs? Why isn't anyone talking about NAFTA? My wife owns a factory here in the US. Although she pays her fair share of taxes and works an honest business, she's struggling because an Asian company working out of Canada, with cheap labor and paying no taxes, is using NAFTA to keep their prices lower than her US-made product. Who can compete against that? Can't we just pull the plug on NAFTA already?

    August 19, 2009 at 4:19 pm |
  94. jennifer

    Did we already forget the name Bush? We had 8 yrs of"crap" and now republicans want immediate results. Give the Pres. a chance. Republicans act as if the Pres. came in and did all this. I remember Bush. He did NOTHING for the working man. Wake up.

    August 19, 2009 at 4:19 pm |
  95. joe gabrick

    when is everyone going to figure out that all the jobs are gone .we gave them away long ago.unless we get them back the the jobs are gone foever //jg

    August 19, 2009 at 4:19 pm |
  96. Patricia - Pine Plaines NY

    The Great Depression, which was a real depression, not like this recession, took more than a decade for us to come back. We didn't begin to feel the effects of Roosevelt's efforts until the early to mid 50's. My own Dad lost his business in 1929 and didn't find steady work until 1943. In other words, these things take time. Patience, it will happen. Just not overnight.

    August 19, 2009 at 4:19 pm |
  97. Vito Leonardi

    The stimulus package hasn't worked very well because it was aimed mostly at construction and many of those projects aren't shovel ready. The stimulus should have been put directly into the pockets of low income people. They would spend the money which would save and create jobs.

    August 19, 2009 at 4:19 pm |
  98. Brian

    Jack what part of pork do you not understand this bill had always been pork to pay off those who helped Obama get into office and the American people be damned as long as Acorn and other organizations are paid off

    August 19, 2009 at 4:19 pm |
  99. Ian Hokanson of Virginia Beach, Va

    Seems to me like the companies are receiving the majority of the money are businesses struggling to survive. Most of these companies probably don't have room for hiring new employees. Wouldn't it be better to invest in companies thriving in the US? To me, the stimulus package is another example of failing "trickle down" economics.

    August 19, 2009 at 4:19 pm |
  100. Ann

    I remember hearing economists state on the cable news stations a few months ago that first we would see recovery in the stock market and that unemployment would be the very last to improve. If we didn't have the stimulus package, perhaps the unemployment rate would have been a great deal higher. Thanks.

    August 19, 2009 at 4:19 pm |
  101. Marc in Dallas Texas

    The republican's are a party of no, hate, and fear, it's no surprise Cantor is out saying that, after all most of the right wing conservatives were hoping for failure. I'm no economist but if I understand correctly something as huge as the American economy should take a lot longer than 6 months to fix. I know the lack of jobs is a hard pill to swallow, but has it not been said for some time now that jobs always lag behind the recovery? Again I am no economist but I do have common sense. With that said good luck to those of you who need a job I sincerely hope things turn around for you soon!

    August 19, 2009 at 4:20 pm |
  102. Diana

    Simple. Everyone knows that unemployment is a lagging indicator, that is, it doesn't recover immediately after a recsession. And, surely not in 6-7 months after a stimulus package.

    Relax...give the stimulus time to get out into the economy...slow and deliberate is better. Why are we so impatient?

    August 19, 2009 at 4:20 pm |
  103. Albert from Highland, NY

    I have not forgotten (as some people hope) how the package is designed. Jobs come at the end of a recovery not the beginning. I feel the News Media has selective recall brought on by sensationalism.

    August 19, 2009 at 4:20 pm |
  104. Linda D. Norton

    I heard on the news some time ago that only a fraction of the stimulus money has been spent so far. Therefore I think it's too early to ask questions like "Where are the jobs?" Other countries like Japan, France and England also has their own stimulus packages. So people need to stop thinking that it was all Obama's idea.

    August 19, 2009 at 4:20 pm |
  105. Brandon in Jamaica, NY


    I think it's fair to say that though the stimulus has helped to mitigate some of the damage caused by the recession, it has yet to achieve the effect the president desired. This can probably be attributed to the dwarfish amount of money spent out thus far, compared to China's more robust economic stimulus, and the greater apportionment of money towards tax-cuts as opposed to direct government spending on infrastructure. Either way, Americans should be more patient.

    August 19, 2009 at 4:20 pm |
  106. el don Rodrigo

    Hey Jack,

    It's very simple, the Boogie Man is the reason. The last administration scared everybody and every business so bad that everyone basically wants to keep their change. As long as they can hear it in their pockets it's harder for them to let go, no matter if there is no more Boogie Man.

    el don Rodrigo
    San Jose, CA

    August 19, 2009 at 4:20 pm |
  107. Jerry

    Jack, It called politics, The Dems are waiting with the money until 2011 just in time for the elections so they will look good and get
    re elected. So until then nothing, its going to be a bad winter for a lot of jobless people, too bad politics comes first. Jerry / Iowa

    August 19, 2009 at 4:20 pm |
  108. Michael M. Freeport, NY


    The reason? The stimulus package was only passed 6 months ago and only alittle over 10 percent of it has been spent. In reality, out of the jobs that were lost, many are not coming back. People must realize that the highs of the past 10 years was mostly a facade. A large part of the job market was created on the bubble of speculation and greed. Give it some time! We must change our diet for instant gratification. That's what got us in this mess in the first place.

    August 19, 2009 at 4:21 pm |
  109. Patnap/Georgia

    The stimulus is not only about jobs but is being used for those who are unemployed to help them until they find jobs. Most economsts agree that the job situation is the last thing to get fixed in a recession and like the Americans we are "no patience" we want an instant fix. This will not happen. Obama is doing everything he can to fix this mess and it will not be solved in six months. I heard today that some have been called back to work in Michigan to work for the auto industry but most of those jobs will never come back...we need patience.

    August 19, 2009 at 4:21 pm |
  110. Monica

    The government provides the stimulus and those in receipt of stimulus funds are supposed to generate jobs ... so maybe it isn`t the government that isn`t being effective but rather the other players in this game ... governments are not supposed to be in the job creation business ... the private sector is .. at least that is what we hear from all those complaining about too much government ... okay then ... step up ... your turn ... use the funds you have been given and innovate ... government cannot do it all ... maybe Mrs. Palin has some ideas rather then endless unproductive critque ... it is time for the conservative capitalists to show their stuff ... create those jobs !!!

    August 19, 2009 at 4:21 pm |
  111. Faye Clark

    Give me a break, it's going to take a long time to clean-up what happened in the last 8 years. We gave former president Bush 8 years to get us to this place. Is it possible we can give president Obama 1 year. Face it things are getting better, when have we had a president come in office with so many issues.

    August 19, 2009 at 4:21 pm |
  112. larry/Jacksonville/Fl

    It took Bush and the Republicans 8 years to just about totally destroy this country and our economy. How does anyone expect the Democrats to fix it in a few months? I believe the jobs will come in time.

    August 19, 2009 at 4:21 pm |
  113. Nancy, Tennessee

    There aren't many jobs produced from the stimulus package because common sense was not used. I look at the empty buildings in my state where plants closed down and wonder why didn't they invest in reopening these plants. An example would be a sewing factory, designers, people to work on the lines, shippers, marketers, and all other personnel to make a business work are out of work waiting for an opportunity. What's wrong with starting a business from the ground up. Jobs will be created no matter what phase the business is in and it would produce some long term jobs.

    August 19, 2009 at 4:21 pm |
  114. Johnny

    One word, "manufacturing". The housing bubble was based on moving homes from one owner to another an taking a cut while jacking up the price. Same thing goes for the banking industry, Military Industrial Complex, and speculative market investors. Since the 1980's we do not produce a thing in this country. If you want to create a job try working and not pushing a piece of paper from one end of the table to another.

    August 19, 2009 at 4:21 pm |
  115. Don Cooper

    Simple economics Jack: it's a negative sum game. Every dollar the government takes out of the private sector to pay for a public sector sponsored job is a dollar lost for a private sector job. But worse yet is that every dollar taken ends up only being change by the time the government's bureaucracy gets done with it so many, many people need to be taxed, and hence give up spending on private sector jobs, so the government can provide a single public sector sponsored job. More jobs are lost in the private sector than the government could ever create.

    Ron Paul, Lew Rockwell, Peter Schiff have been talking about this very question for years. Once again, they are proven correct. Someone should start listening to these guys.

    Don in Washington, DC

    August 19, 2009 at 4:21 pm |
  116. Randy Wenger

    Are you kidding with this question? I have 22 years of experience in media sales and have been struggling to find good work for more than two years. Welcome to the new post Bush economy. The Bush administration and deregulation took eight years to eliminated entire industries in the US. There are now more unemployed people fighting for fewer jobs than any time in the history of our country. The only hope is the new administration can create new industries that will continue to grow for years to come in less than four years. Thanks W.

    San Francisco

    August 19, 2009 at 4:21 pm |
  117. Sheila

    I think that part of the reason the stimulus has not produced more of a recovery in the jobs market is personal debt. A significant portion of stimulus money is probably already being spent on paying interest on the purchase of stuff that's long gone. If we could use our money to hire people to improve our homes and purchase materials for home improvements the ripple effect would be an increase in jobs. Instead we're just paying old bills that aren't generating jobs today. There's a big hole to fill before we can afford to increase demand.

    August 19, 2009 at 4:21 pm |
  118. Pat B

    Good question!it's another reason why so many people have misgivings on all Goverment plans.Can you just imagine how much money will simply vanish if we don;t have some structure around this health care disaster

    August 19, 2009 at 4:21 pm |
  119. Jack - Lancaster, OH


    It has produced jobs, of course they will pay less with less benefits and are so far a miniscule fraction of what has been lost in jobs and a more "miniscular" fraction considering the losses that continued during the celebration of..."the recession is over" folks. To reiterate, it was and remains not a recession but a correction in the general economy as in the stock market where overblown values finally pay the piper (the investors that is). If we do not produce, we will reduce.

    August 19, 2009 at 4:21 pm |
  120. mike k - caledonia, mi

    It hasn't produced more jobs because we can only eat so many hamburgers. Over the last 8 + years, the real jobs were allowed to leave this country for Mexico, China and India. The only jobs we can provide are road repair and alternative energy. Maybe some of these geniuses could trade in their foreign vehicles and buy an American made car which provides jobs for thousands of Americans. Maybe they could stop shopping at WalMart which gets most of it's products from China. At least 57% of this country isn't smarter than a 5th grader. They don't realize that their unemployment was extended, their Cobra was partially paid for, their police and fire fighters weren't laid off en mass. And most importantly, they don't realize that without Health Reform that they won't be able to afford insurance in 5 years, if any company decides that they are worthy of insuring.

    August 19, 2009 at 4:22 pm |
  121. Michael Portland, Oregon


    The answer is that the Republicans insisted on taking out the money that was meant to go to the States immediately to shore up all manner of "shovel ready" projects. The Democrats capitulated to get three unnecessary Republican votes and are now paying the price for that. It sounds frighteningly familiar to what is currently happening in the health care debacle. The Democrats need to forget about the Republicans and pass what is good for America and then develop a spine to defend that position. The Republicans have one and only one objective: Stop Obama at all costs including the welfare of the vast majority of Americans in favor of protecting the top 2% income braket from losing their stangle hold on the vast majority of the wealth and power levers in A.ereica.

    August 19, 2009 at 4:22 pm |
  122. John in East Syracuse, New York

    Nobel prize-winning economist Paul Krugman warned that the stimulus wasn't big enough to deal with the scope of the economic crisis. Then, before it was passed, it was scaled back to win Republican votes. So the slowness of the recovery can be chalked up, at least in part, to bipartisanship.

    August 19, 2009 at 4:22 pm |
  123. George/Ft. Lauderdale

    Jack, shame on you! You know and your fellow reporters as well as well respected economists have stated many times that employment is a lagging indicator. Stop trying to be an agitator and start trying to help build the confidence of Americans. That will help the economy more than your slanted questions.

    Ft. Lauderdale

    August 19, 2009 at 4:22 pm |
  124. Ron

    The stimulus package was more of a liberal's wish list than a jobs creation tool. Of course, its not going to create jobs. Democrats do as they always have done, spend, spend, spend and create more and more Government. One can only hope and pray that Democrats will get their just rewards for enslaving today and tomorrow's generations in 2010.

    Indianapolis, IN

    August 19, 2009 at 4:22 pm |
  125. Tabitha

    We're not seeing any job increase because the companies that received the stim packages are not spending the money on more jobs. The companies are keeping the money and running....matter of fact these same companies are the ones laying off thousands of workers. The companies that have received this money should be held accountable and fined because they are not using the money for jobs but for bonuses for the greedy executives.

    August 19, 2009 at 4:23 pm |
  126. EugeneWiese Midlothian,Va.

    The Stimulus package is working but the full impact will notbe felt for a couple of years. outsourcing caused a big loss of high and middle income jobs. Lets face it we may be in acorporate/busines recession but the stimulus recipients are in a depression. Gene

    August 19, 2009 at 4:23 pm |
  127. Karl from SF, CA

    When the $787 million stimulus package was passed six months ago it was a two year program and was acknowledged by economist as such and that jobs would be the last thing to come back. Now that it hasn’t performed miracles in six months Eric Cantor can’t understand why. What was his estimate of maximum unemployment at the time? I guess that’s why he and his party didn’t take the blame for digging the hole we are in during his Presidents time in office. This recession has “elephant” all over it and we all know they don’t move very fast.

    August 19, 2009 at 4:23 pm |
  128. africanpie

    Jack, it has'nt worked as expected because the Republican governor's have used the money in plugging their budget deficit-mess instead of spending them on stimulating the economy!

    August 19, 2009 at 4:23 pm |
  129. Rosalie

    Who the heck are these pollsters asking anyway??? I."m behind President Obama, yet I've never been polled. Polls mean nothing especially if only the people get asked to get the right response. its like asking NRA members if we should allow assault weapons. Only 12 % of the stimulus has even gotten out yet which would be a better question: Why is that? I see lots and lots of now hiring signs. If people want to work, they will find a job. My big family is all working. More emphasis has to be put on the people that ARE working. 10% might be out of work but that still leaves 90% who are working. Lets start zeroing in on the positive!!!!

    August 19, 2009 at 4:24 pm |
  130. Maraia G.Overton

    The amount was too small and the hole was too big. Furthermore, we haven't the social network that most European countries have, from health care, to all type of assistance, for children, couples,, students, every level of the society has a helping hand, The protection for creativity at all the levels, the assistance of get knowledge, university's prices, everything/ For the contrary the Obama;s administration works in a vacuum., a Black Hole. The American people does not realize. nor are aware of the differences, and that is hurting us.Life was not disrupted in Europe as it had been here because that very rich social net
    Sorry fellows, we pay for our prejudices

    August 19, 2009 at 4:24 pm |
  131. John From Connecticut

    Well Jack,

    If someone were to get sick to the point of near death like our economy was due to the irresponsible stewardship of the Bush Administration, we would not expect that person to be well again for a while.

    I suspect that if everyone really knew what we were facing in January their eyes would pop out of their heads.

    The stimulus package that was passed was not a cure for the economic calamity that was upon us. The amount of effort that would have been needed to quickly pull us out of the ditch was politically unattainable.

    It will not just take the stimulus package to stabilize the economy and return to growth I am afraid. It is going to take a renewed interest in manufacturing and government intervention to protect the American worker from the greedy practice of cheap overseas labor and the saturation of the resource pool with work visas. Jobs.

    We will also need to put strong regulation of the banking industry back in place. For those that are nay-sayers of government intervention, I say that the banking industry had its chance to self regulate. It proved to be a bad idea.

    The stimulus package has not taken on these issues. Thats why it's effect is limited.

    August 19, 2009 at 4:24 pm |
  132. Linda

    There are several reasons, one could be fear, greed, waiting to see if the health reform is going to pass, and lastly, I feel some republican governors are holding up the money.

    August 19, 2009 at 4:24 pm |
  133. David P Vernon

    Tucson, AZ – The stimulus has not produced more jobs because it has not actually been spent yet. You can thank Eric Cantor for the fact that half of the stimulus is tax relief that does not take effect until next year anyway. Of the other half, less than a third has actually become paychecks and goods orders. Many States are going to spend their money over their next fiscal year on the salaries of civil servants who would otherwise have been laid off. The opera is not over unitlt he fat lady sings; the stimuls is not done until all the cash is actually in the economy, not just on the Federal books as "to-be" spending..

    August 19, 2009 at 4:24 pm |
  134. James Allen

    Sadly, too many listen to the economic illiterates on cable TV who have no understanding that recessionary job growth lags behind GDP growth. GDP has improved to a 1% retraction from 6.5% before the stimulus bill was enacted. Job loses have been reduced from 700,000 per month prior to enactment to less than 300,000 last month. If people are too stupid to recognize improvement, then they nedd to become Republicans.

    James Allen
    Euless, TX

    August 19, 2009 at 4:24 pm |
  135. Darryl Price

    In classic Keynsian economics, the Government is the spender of last resort. The individual savings rate has reached it's highest point in 15 years. Far too many Americans are disengaging from the economy in the same way that many have disengaged from the political process. For good or for ill, ours is a consumption driven economy. When consumers don't consume goods and services, people don't work. I'd love to someday see polling data that measures consumer/voter responsibility for the state of our economy AND the state of our politics. How's that for "realpolitik"?

    August 19, 2009 at 4:24 pm |
  136. Leo in NC

    Keep in mind that nobody really knew what would happen with the exception an economic collapse from inaction. There are clear signs that the stimulus has helped. Perhaps we should focus on those things rather than have a glass half empty attitude. I hate that we're turning into a country of whiners. Lets do what we can, and if something doesn't work, regroup and try again.

    August 19, 2009 at 4:24 pm |
  137. JaneK - Federal Way, WA

    Jack. Much of the money has been spent on big business mucky mucks; bonuses etc, plus the same policies that got us to this point in the first place. We haven't fixed the core issues and down the road we will, indeed, be a banana republic. We will owe our soul to foreign entities and be "beholdin' " to them. How many years and gagillions did we spend to protect ourselves against the evil Eastern block? Now we have given Communist China our manufacturing along with our soul. My heart breaks to see MY country fall so far.

    August 19, 2009 at 4:25 pm |
  138. Jack Hedden

    It has not done more because it was the wrong approach to take in the beginning. We could solve our problem with the economy by (1) repealing Bush's tax cuts which were implemented at the same time we were invading a foriegn country that was not a threat to us and (2) bringing our troops home.

    Jack Hedden from Whitesboro, TX

    August 19, 2009 at 4:25 pm |
  139. Bryan Y

    Your question asks as much of the recession as it does the stimulus. Why has the recession cost us so many jobs, despite the stimulus? I, for one, am willing to give the stimulus the time it needs to continue to have an impact. There are numerous stimulus projects in my area, including a major airport addition and dozens of highway projects and renewable energy grants that give me the confidence to know that things would be much, much worse without this bill. Public opinion polls aside, stimulus spending is a key part to getting our country out of the recession.

    August 19, 2009 at 4:25 pm |
  140. Vincent Conti

    I do not know where the money has gone but if they had worked with the utility companies in the northeast to get rid of the telephone poles and all the wiring and put it underground it would put a lot of people to work immediately, beautify America and eliminate all the power failures we had this past winter.

    August 19, 2009 at 4:25 pm |
  141. Ed Monrque

    It seems to me the stimulus money was given to the wrong end of the problem. Giving money to the manufacture end when consumer spending is down due to job loss is silly and a waste. Seems to me that stimulus money should have been given to the consumers, to pay off credit card debt or vehicle loans so that we the consumer could then start all over again. We would then buy products and the manufactures would make more products and the cycle would continue as it must. You cannot make things to sell, if no one can afford to buy. Jobs are lost because no one is buying. Why can't anyone else see how this works? Help the consumers and the consumers will help the economy!

    August 19, 2009 at 4:25 pm |
  142. Judy, Exeter, Calif,

    I swear Jack you sound like my kids on a long vacation trip!! "When are we gonna get there!" The republicans have jumped on this as if they could do better. They have nothing but politics and scare tactics. This country nearly slipped into a deep depression. How about using some common sense and patience along with it.

    August 19, 2009 at 4:25 pm |
  143. Martin GA

    Look Jack
    Nobody knew and understood then and even now what the stimulus package will do. People always criticize and are not happy no matter what and have no patience.... It simply takes time that is all..
    Just image if we would have done nothing and now 50 million people would be without a job, without food, health insurance and so on an on , the very same people who scream against government involvement would be on the streat scream why isn't the government doing anything and didn't do anything to prevent this... Isn’t Einstein who said "time is relative" ......You see people change only if they hit the bottom but never before...

    August 19, 2009 at 4:25 pm |
  144. Guy Hall

    We saw $180 billion disappear into the black hole of AIG for what end? But first just one billion and now just another two billion for the cash for clunkers program and we see immediate results with the car makers actually putting on extra shifts and dealerships filling with customers again. AIG got 60 times the money clash for clunkers did and yet cash for clunkers is working. Why? Simple. Cash for clunkers put money directly in the hands of consumers. Giving money to the banks and AIG is the old trickle down theory. Not much trickle and a lot of down.

    Guy Hall
    Abilene, TX

    August 19, 2009 at 4:26 pm |
  145. Stella from Chicago

    the Stimulus does work, we can't expect miracles after the Bush era disaster: PATIENCE, we already see some results, don't stress, please,
    only the negative aspects, this is what the Republicans want ...Cars are better sold, the economy goes again in the right direction, Obama does a great job.What about the Republicans, the only word they know is NO!

    August 19, 2009 at 4:26 pm |
  146. Malok

    Well, we should understand that when recession occured, it didn't happen overnight Jack. Therefore, full economic recovery would occur at least a year and a half. let us be patience, without doubt economy will come back more strongly than it was 5 years ago.

    August 19, 2009 at 4:26 pm |
  147. Marcus

    Jack, the little dirty secret is that the stimulus money sent to states with Rep. Govenors was put into their General budgets to fill in their deficits and not for jobs so Obama whouldnt look good. Example Giorgia who recently enjoyed saying the stimulus has created 0 jobs! It's disgusting!!

    August 19, 2009 at 4:26 pm |
  148. Daniel, Florida

    It´s not the stimulus package which failed to produce more jobs. It is the sluggish economic recovery that economist predict we´ll have in the coming years. The reason for the latter is the tremendous squeeze in the income of the middle class during the last 40 years. Being this an economy driven by consumer spending, and the consumer knocked down in debts, unemployment and the like, there is no other way for them than to engineer another bubble in Wall Street to substitute any real world healthy recovery.

    August 19, 2009 at 4:26 pm |
  149. Mike from Denver

    Jack, I am witness to some of the money at work here in Denver. Funds are being used to replace a bumpy and uneven highway surface with a nice new bumpy, uneven surface. If this is the best we can do with the stimulus money, it will be an even bigger waste than anyone predicted.

    August 19, 2009 at 4:27 pm |
  150. Sue in Newtown, PA

    I still think it's too soon to tell. Americans desire instant gratification, and when they don't get it, they're disappointed, no matter what the reason. It took us 8 years to get into the deficit and economic holes, and we should give all of the Obama administration's efforts at least 2 years to really work.

    August 19, 2009 at 4:27 pm |
  151. Tom

    It' simple...it takes time. People need to have a little more patience. It took us years to get into this economic mess and it is going to take some time for us to find our way out.

    August 19, 2009 at 4:27 pm |
  152. Dianne of Paducah

    it is hard to be patient when u have been out of work for 6 months or more and you donot know where your next meal is coming from for your children or you. Saying that, i realize that it did not become bad to worst over night and will take just as much time but i hope not as long for the jobs to come. Pray and Patience.

    August 19, 2009 at 4:27 pm |
  153. Colleen

    You're kidding, right? Over the past 16 years, alot of them have gone overseas. It's been roughly 6 months since the stimulus passed, and our economy lost billions of dollars to due greed.

    Let's be realistic. Jobs have been created, but do you really believe millions of jobs are going to appear in 6 months? It's going to take years to clean up this mess.

    August 19, 2009 at 4:27 pm |
  154. Anne Kalinauskas

    Why do we expect a problem which took 8 years to develop to be solved in 8 months?

    August 19, 2009 at 4:27 pm |
  155. Gilbert Price

    Jack, the stimulus bill has not worked because it is a "Joke". I have a fanny mae home loan of which I am now loosing my home because the mortgage company will not work with me! I fall into all of Obama's guidelines yet they refuse to help. The mortgage companies are still doing just what they want to do even with stimulus money.

    So if Obama has produced all this money for mortgage bail outs that are not working, why would it be any different with the job market. Obama's stimulus is a "side show" it has done nothing but cost us tax payers more money and produces nothing!

    August 19, 2009 at 4:27 pm |
  156. J, Utah

    Really wish I knew. My husband has been out of work for over one year now. The extra and extended UI benefits helped, but those ran out and we are beginning to really hurt.

    August 19, 2009 at 4:27 pm |
  157. john

    This is the first question that I have seen from you that only requires a one word answer.! ! !
    That word IS........FEAR! ! ! !

    Toronto Canada:

    August 19, 2009 at 4:28 pm |
  158. cheryl

    First: Why would you believe anything Eric Cantor says as one who sat by and did nothing while this bubble was blowing up. The jobs as many economists states are a lagging indicator which means, that it will be the last thing to turn around as the economy recovers. Also the jobs that were lost during the Bush administration are lost forever and the jobs that were created were low paying jobs as they come back the same people will be able to fill them back.

    August 19, 2009 at 4:28 pm |
  159. Sarah

    It takes time to undue 8 years of selling the farm. We have to buy the farm back before we can see an increase in hiring. Eric Cantor and the rest of the GOP were patient during the sell now they should have patient with the buy back.

    August 19, 2009 at 4:28 pm |
  160. Dale Bagley

    It makes sense that only about 18% of people are aware that they have experienced a positive impact of the Economic stimulus Legislation, because they probably wouldn't credit not losing their job to the stimulus package and most folks have forgetten about the billions of dollars in tax cuts to the middle class that the legislation made possible.

    August 19, 2009 at 4:28 pm |
  161. Dennis, Columbus, Ohio

    Too much “red tape” required to get approval for projects. This has delayed many projects by 2-3 months. This is something Joe Biden should have fixed.
    You have to look at leading indicators. Local gravel companies are just now adding a second shift. That means building contractors are nearing their start dates. There should be a lot of hiring in September.
    Pray for a mild winter Jack.

    August 19, 2009 at 4:28 pm |
  162. Matthew, Newark NJ

    Because it is too soon! Weren't any of you guys in the press listening? It was PLANNED this way. And besides Bush took 8 yrs to gum up the works . . . you expect Obama to fix it in 8 months!!???? Unreal expectations being trumpeted for the sake of a contrived 'controversy' and Drama . . .!

    August 19, 2009 at 4:29 pm |
  163. gloria cunny

    Why not ask the governors and seniors of the party of "no" why didn't they use the stimulus to produce jobs in their individual regions? After all I'm sure they have the best ideas!

    August 19, 2009 at 4:29 pm |
  164. Jim

    Dear Jack, the stimulus hasn’t produced enough jobs because that notion was just a smoke screen excuse for; instant approval of an ill conceived idea. The stimulus, in reality, is an overpriced bailout to cover the mistakes of a short list of privileged pork barrel regulars, who mismanaged the workingman’s, (and women’s) investments, for their own personal benefit and profit. Jack, dare I say, the stimulus is another case of business as usual, when it comes to how big business, and big government, treat the hardworking, average citizens, they are suppose to serve.

    August 19, 2009 at 4:29 pm |
  165. Linda

    Jack: there seems to be about half the country who demand instant gratification! This recession is the result of years (8-12 yrs. at least. It can't disappear in less than 7 months. It seems as though we're a nation of spoiled children demanding that we always get what we want whenever we want it. No introspection or effort at understanding need disturb our self-centered whining. Geez people–suck it up and contribute!!

    August 19, 2009 at 4:29 pm |
  166. Greg, Phoenix AZ

    It hasn't worked because they have only used $200 billion of the money what are they doing with the rest of it? Sitting on it until election year??

    August 19, 2009 at 4:30 pm |
  167. mark

    maybe the money went to the same place the power disapers to on the power grid.

    August 19, 2009 at 4:30 pm |
  168. Lee

    Jack: It is economics 101, Supply and Demand. High supply, low demand. Corporations were forced to lay off thousands of workers, close down divisions and in some cases the entire company closed its doors forcing thousands of workers to the street – hence the reason for high supply. All corporations were forced to tighten the belt in an effort to cust costs – hence the reason demand is low – corporations are very cautious, not wanting to add additional expense – it is expensive to hire full time employees. There seems to be more of an opportunity for the individual to work on a contract basis, part-time or temporary and this trend will likely continue until there is a full economic recovery.


    August 19, 2009 at 4:30 pm |
  169. Dr. Robert V. Gerard


    Americans are waiting, not creating. Without the "Bailout" all would have collapsed. It would have been a mess. Americans are still in the box.

    But Americans know how to complain. They watched their jobs go overseas, and complained, but did virtually nothing to alter the situation, other than complain.

    Foreigners in America are doers and make things happen because they have already been burnt and know what survival is about.

    Americans BELIEVE in things that are not true. They don't know the FACTS. They just continue to COMPLAIN. The "POLLS" don't measure American ignorance. Does this sound like the REPUBLICAN PARTY? It's becoming a fact that conservative thinking has become a contradiction to creating a better LIFE for the majority.

    August 19, 2009 at 4:32 pm |
  170. Debra Evans

    american is so greedy give the president a chance he only been in office six month ..they want everything now. . american rmember 'bush bush bush BUSH.

    August 19, 2009 at 4:32 pm |
  171. Obi

    Come on Jack!!! President Obama has been in office for barely 6months!! The stimulus package should be given more time. Truth be told, without the package, the unemployment rate would have been way more than 9.4%. Let us all relax and let the guy do the job he was elected to do.

    August 19, 2009 at 4:33 pm |
  172. Jack Norton

    If you think about it everything grows or is fed from the roots up. It seams that this stimulus like most others done by those in politics has been done in the reverse, from the top down. It just will not work that way.


    August 19, 2009 at 4:33 pm |
  173. Betty, San Diego, Ca.

    The recovery in the jobs market is not as robust as it should be because the stimulus package was pared down in negotiations with the Republicans. Health care reform will have the same result if Democrats continue to wait for Republican approval. It will be heal care reform in name only.

    August 19, 2009 at 4:33 pm |
  174. julia a exley

    Dear Jack, It has taken 8 years to get into this mess so, how can people expect to get out of it in 6 months. I think the stimulus package has so far saved some jobs that might other wise have been lost. People just have to be patient. After all, if we have 9% unimployment, that means that 90% are still working. Judy

    August 19, 2009 at 4:33 pm |
  175. arturo medina

    JACK ..greed,The wrong enterprises have the money.,banks.they have doctored their Books and the backbone of America small business and the creative hard working American has been sent to the cleaners . Imagine that kind of money divided among every man ,women and child.the banks would have received the money anyway but the right way we the people would have powered the stimulus. Arturo, Ponce PR

    August 19, 2009 at 4:33 pm |
  176. Esther massillon ohio

    it was a stimulas not a miracle of changing wine into jobs–he is not the right hand of god. he is a man and can only do what the laws of our world allow him to do and at the speed at which they work. we move at a snails pace if you want it faster then do it yourself. I certainly didn't think he was going to wave his hands and change the concrete into gold cobbled streets. Rome wasn't built in a day and the stimulas is not meant to work that way and if you had read it then you would know that.

    August 19, 2009 at 4:34 pm |
  177. Salvador in San Antonio, Texas

    We have not given the recovery package enough time. It needs more than a few months to show signs of actual recovery. There are signs here and there that things are getting better. I read that GM plans to hire more people now. The economy is slowly but steadily growing and "healing". It is better that it is taking a steady and slow climb rather than a radical and drastic fast climb that could create trouble later on down the road...

    August 19, 2009 at 4:34 pm |
  178. Rita Fort Collins CO

    If everyone in the country were employed and business the best it has ever been in history and investments up higher than they have ever been the Republicans would still say everything that Obama is doing or has done will create doom and gloom. They are negative, ignorant people, whose purpose is to create fear and instability and chaos in the country and nothing will change that.

    August 19, 2009 at 4:35 pm |
  179. Preston

    The lack of Job Creation is due to the lack of release of the fund's in a
    timely manner!

    August 19, 2009 at 4:35 pm |
  180. Sharon

    First and foremost, the stimulus package was not what it was portrayed to be. "Shovel ready projects", should have produced jobs. Money was passed out, (or was it?),to states, to cities, to banks and to "pork" projects and special interest groups for their bureaucracies to dole out as outlined in a bill that no one even read. I imagine once the receivers decipher the bill, allocations for a small amount of job producing projects will begin. Once the money is used, the jobs will disappear and we are back to square one. This bail out was a huge mistake and we will all pay for it, in more ways than one in the future. The bill was too big to read for God's sake, I can't imagine who's in charge of implementing it. That is the problem with overgrown government and bureaucracy. This has to stop!

    August 19, 2009 at 4:35 pm |
  181. Julian

    Mr Cafferty I enjoy hearing your comments and the comments from other people. I am not a genius nor do I claim to be. If they would have given the people all the billions of money they gave to all the companies that ruin the economy, we the people would have put all this money back in to the economy by paying the mortgages ,buying new car, appliance,etc. The supply and demand would still be there, more people would still have jobs. The economy would be on it's way to correction. I am retired but if I had a job and I did what these CEO did to our economy I would be FIRED. Instead we continue to reward failure.

    August 19, 2009 at 4:36 pm |
  182. Tom, Bradenton,FL

    Because most of the money went to banks, insurers and car makers. In addition the State governments that have received stimulus money are using it to fill gaps and shortages. However, no jobs have been created, we lost 3.5 million job under Obama. Great job. In 4 years I will not vote for that motivational speaker as he is at best.

    August 19, 2009 at 4:37 pm |
  183. g canada

    because most jobs went overseas

    August 19, 2009 at 4:37 pm |
  184. Bill

    Why? The reason the package has not produced more jobs is that the Democrats package was flawed from the beginning. It wasn't intended to produce more jobs as the Democrats have pledged, it was a money grab to pay off the Democrat's croonies and special interest groups they have lining their pockets.

    August 19, 2009 at 4:37 pm |
  185. Molly B

    Molly from Tama

    Are you expecting too much too soon? Have a little patience.
    Too many of us have grown up in the "instant gratification"
    period. I feel that the present administration is doing an
    admirable job.

    August 19, 2009 at 4:38 pm |
  186. Annie, Atlanta

    Because the republicans watered it down and then said No anyway. What else is new. The American people are obviously not their priority.

    August 19, 2009 at 4:39 pm |
  187. Laura

    Only 10% of the stimulus money has actually been spent at this point. Once the cash really starts flowing to the projects, jobs will follow.

    August 19, 2009 at 4:39 pm |
  188. Jimmy

    It hasn't worked because the Dems created it and nothing has worked since the Dems took control of congress two and a half years ago.

    August 19, 2009 at 4:40 pm |
  189. John

    It's because keynesian economics is a farce. Why would any jobs be created when we are up to our head in debt and the government thinks they can just borrow til no tomorrow? The politicians practically have a vendetta against the USD and bail out anything that has been deemed a failure by the free market. It's amazing how people think there will be jobs created when we are supporting the parts of the economy is a drain upon it.

    August 19, 2009 at 4:40 pm |
  190. Jason S. - NY, NY

    Asking why there aren't enough jobs being created is like asking why you haven't hit the winning number after buying a lottery ticket. It's a gamble, not an exact science.

    August 19, 2009 at 4:40 pm |
  191. Bill Sharpe

    A recent analysis of road projects in Florida showed over 500 that had been approved under the plan.

    Less than 10 had been contracted and NONE had actually started construction yet.

    The stimulus wont work if the money isnt spent. SPEND THE DAMN MONEY !

    August 19, 2009 at 4:40 pm |
  192. Ray S

    Too much overanalyzing going on about this. In the end it's simply because people aren't buying things. America has to work through its debt problems before people start buying and the real growth starts. The stimulus has provided a bit of a soft landing to prevent a larger collapse, and that's what government should do. But we're still a free market economy and that means supply and demand. There's not enough demand right now. It will come once people pay off their debts.

    August 19, 2009 at 4:40 pm |
  193. Barb

    People think the stimulus isn't working because they are Impatient. It took awhile to dig this deep hole and will take even long to fill the hole. Much like losing weight. You don't put on 50lbs. overnight but when you diet you want it to come off in a week or less. I see signs, even though they are slow signs of improvement. GM announced today that they are hiring back workers because of the cash for clunkers program. Think slow and steady, slow and steady.

    August 19, 2009 at 4:40 pm |
  194. ATR

    Give me a break. President Obama inherited the worse economic situation since the depression. The stimulus is working and it will work. Jobs are not created overnight. Jobs are the last thing to recover. The Republicans are just pushing the stimulus as a failure to justify their own incompetence. They spent this country into the ground since the Reagan administration and are now trying to blame the Dems. Wise up.

    August 19, 2009 at 4:41 pm |
  195. mark

    It was a poorly crafted Congressional Bill. Most of the money wasn't intended to stimulte the ecomony in the short term, it was intended to fund Congressional "pet projects" that many Democratic Congrssional members favor. Thankfully it wasn't funded as much as most Congressional members wanted!!!

    August 19, 2009 at 4:41 pm |
  196. Michael Conan Doyle

    Jack; how many jobs can be created when over 500 people at ONE Wall Street Company just got over $1,000,000.00 each in BONUSES for Successfully RUNNING our Economy into the ground & then getting our President's friends in THE WHITE HOUSE to GIVE them Billions of our MONEY to REWARD their OWN ineptitude?

    August 19, 2009 at 4:41 pm |
  197. John from Newark, Ohio

    Beginning with the Reagan administrations's refusal to enforce anti-trust laws, conservatives including both Bushes, Clinton, and their allies in Congress and the courts,have systematically turned off the safety valves which steadied the economy (i.e. regulated it) and left us with a runaway train and the consequent train wreack.

    August 19, 2009 at 4:42 pm |
  198. Dr. Skip

    It isn't working because the "stimulus package" was really a domestic programs bill that the Dems have wanted for the last 8 years.

    And I can't believe the Media hasn't called them on it!

    August 19, 2009 at 4:42 pm |
  199. WInter

    Because the government is using a majority of the stimulus money to prop up government workers instead of sharing the pain. So the monies are basically a government bailout of the government. Ingenious that they actually pretended it was for the private citizen.

    August 19, 2009 at 4:42 pm |
  200. Wm in PA

    How many gardeners, drivers, nanny s, pilots, lawyers, financial planners, personal secretaries and butlers can the BAILED OUT Wall Streeters hire with their tax payer billions and the billions more in bonuses? They already have enough lobbyists about 30,000. So they will be hiring very few new domestic staff. So little to no impact.
    If you want employment: stop sending American jobs overseas, start building an new energy infrastructure, provide grants to states to recall furloughed employees, etc. these are no brainers but are not on the lobbyists short lists.

    August 19, 2009 at 4:43 pm |
  201. Gary In Lexington

    The answer to a complex situation is really quite simple. Government did not create the recession and subsequent loss of jobs, AND Government cannot create permanent jobs during a recession...PERIOD. The economic fundamentals are extremely weak, and try as it might, Government cannot change those economic factors. Government can and is digging us a deeper hole as it relates to budget deficits and increasing the massive National Debt, thus exacerbating the fundamental problems that currently exist; however, until the consumer's confidence returns, and they begin to spend money, jobs will not be created. Businesses hire people, and they do that only when more bodies are needed to increase production/output. That is NOT occurring, and until it does, it is what it is.

    August 19, 2009 at 4:43 pm |
  202. steve

    Simple, Its been mismanaged.

    August 19, 2009 at 4:43 pm |
  203. Mike

    The President basically "called out" the Federal Agencies he has entrusted with distributing stimulus funds by saying he would hold them accountable for any misuse "in his eyes". Okay, federal agencies already work alow enough as it is do to red tape and bureacracy. What this caused was grid lock due to multiple reviews, fear of being audited by the White House, and red tape. So far only a little over 10% of the stimulus funds have actually been distributed. I wonder why? The FAA is a perfect example of this. This money was supposed to get out fast and create jobs, but those federal agencies charged with distributing the money have FAILED due to their own fear, red tape, and bureacracy. The money has to get out there FASTER.

    August 19, 2009 at 4:43 pm |
  204. Gene Gallegos

    No matter what is done the only thing to fix this loss of jobs is to get these greedy companies bring back the jobs they are shipping to other countries...

    August 19, 2009 at 4:43 pm |
  205. Kevin (Atlanta)

    When you are on the edge of depression perhaps we should be happy that we have jobs. By the way....everyone should pick-up an economics book and understand that in horrible situations like this....jobs come way later.

    August 19, 2009 at 4:44 pm |
  206. Jim

    Because it was a spending bill, not a jobs bill.

    August 19, 2009 at 4:44 pm |
  207. Tom

    The government has never spent itself out of a recession, never will either. We the people are just more in debt thanks to the president, senators, and representatives who voted for all these unconstitutional bill as of late for bailing out banks and companies, and then the "reinvestment act". Obama hasn't run a company in is life, or small business, and now is a so called expert...I think America is starting to see the guy (Obama) is a noob in just about everything except making people like him over nothing substantial.

    August 19, 2009 at 4:45 pm |
  208. Carlos

    80% of the jobs in US are created by small businesses. Obama plans to tax people that earn $250,000.00/yr or more, unfortunately most of the people that earn this kind of money are small business owners. The same people that produce the jobs. Government should not be in the business of stimulating the economy on such a big scale, most of this money stays in special interests and does not alleviate the middle class. Government should be in the business of inducing results through regulation and oversight. They should restore the glass steagall act, impose fines on energy and oil companies that do not use cheaper ,cleaner ,alternative fuel and mortgage companies who take excessively risky financial instruments therefore drying up credit for small business.

    August 19, 2009 at 4:45 pm |
  209. Ann

    Didn't work because the stimulus should have been given directly to the people. Then we could have spent it to buy things which would have stimulated the economy. It would have created a domino effect. But the government has never trusted the PEOPLE. And never will, it's a screwed up system and will never be fixed.

    August 19, 2009 at 4:46 pm |
  210. Rick

    I believe it is working. It's a slow process to overturn what was definitely a rapidly failing economy.

    August 19, 2009 at 4:47 pm |