Whovian
Banned
- Joined
- Oct 5, 2010
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Before someone whines... this was in the NEWS section of CNNMoney.com...
Stimulus bill for economic recovery - what's the holdup? - Feb. 17, 2011
Stimulus bill for economic recovery - what's the holdup? - Feb. 17, 2011
A bill to jump start the economy. That was the main idea behind the American Recovery and Reinvestment Act, better known as the "stimulus bill," which became law two years ago today.
However, the nation is still waiting for the bill's promised jolt...
Whatever lift the stimulus may have provided -- and it did offer some support -- the national unemployment rate at 9.0% is still well above the 7.8% jobless level, when the President made his pledge...
One city's stimulus plan Philadelphia County's unemployment rate was 10.7% in December, versus 9.1% for the nation. The data is a reflection of the fact that the stimulus did not deliver many "shovel ready" jobs for the city.
As of December 31, the latest data available, the city had yet to spend a whopping 77% of the money it was allocated under the stimulus...