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Stimulus Woes
A cloud of doubt looms over President Obama's stimulus plan as unemployment numbers continue to rise and the economy is still stumbling. Obama's stimulus plan was hailed by many as the saving grace to a faltering economy. Yet, nearly 100 days after the plan was signed into law only 6-percent of the funds have been spent, according to the Los Angeles Times, and 150,000 jobs have been created. Critics say it is a negligible result in comparison to the loss of over 2 million jobs this year. Should Americans adopt the President's wait and see attitude? Larry talks to the experts about the stimulus plan.
A cloud of doubt looms over President Obama's stimulus plan as unemployment numbers continue to rise and the economy is still stumbling. Obama's stimulus plan was hailed by many as the saving grace to a faltering economy. Yet, nearly 100 days after the plan was signed into law only 6-percent of the funds have been spent, according to the Los Angeles Times, and 150,000 jobs have been created. Critics say it is a negligible result in comparison to the loss of over 2 million jobs this year. Should Americans adopt the President's wait and see attitude? Larry talks to the experts about the stimulus plan.
Heidi Shierholz, economist at the Economic Policy Institute
Curtis Dubay, Senior Tax Policy Analyst for the Heritage Foundation