To the Point
With 7 Million Unemployed, Is the Stimulus Working?
By orders of magnitude, unemployment is rising faster than the new jobs promised from the $800 billion stimulus package . National unemployment has risen to 9.5 percent, higher than the 8 percent peak predicted by the administration when it was selling the package to Congress. Some economists and some Democrats want another package.
By Warren Olney • • 1 min readBy orders of magnitude, unemployment is rising faster than the new jobs promised from the $800 billion stimulus package. National unemployment has risen to 9.5 percent, higher than the 8 percent peak predicted by the administration when it was selling the package to Congress. Some economists and some Democrats want another package. The President says, "Give this one more time." Republicans already are saying, "I told you so." Meantime, just one job is available for every six unemployed workers. Are schools and workplace developers training people for jobs that don't exist? Who finds work and who doesn't? Will the so-called "green economy" pick up the slack?
Warren Olney
former KCRW broadcaster
Sonya Geis
Senior Managing Editor
Christian Bordal
Managing Producer, Greater LA
Karen Radziner
Managing Producer, To the Point & Which Way LA?
Lori Montgomery
Washington Post
Linda Hahn
Executive Director, Metropolitan Career Center
Heidi Shierholz
Economist, Economic Policy Institute