Thursday, July 30, 2009

Stimulus creates thousands of jobs; media silent

Nobody other than Phil Gramm would argue that the chronic recession had to be reined in.

And the stimulus package finally made some inroads in this long-awaited task.

A congressional report has found that, by the end of June, almost 50,000 American jobs had been created or saved by infrastructure projects funded by the stimulus plan.

That's little comfort to Americans who remain out of work because of the previous 28 years of economic disaster - but there's no doubt that the stimulus has had some positive impact.

I'm not saying this out of partisanship. (I'm a Green, not a Democrat.) I'm saying it because it's the truth.

Although Reuters covered this story, very few media outlets picked it up. In most of the pop-up media, the recession was hardly mentioned until January 20 of this year.

Brings a whole new meaning to the dinosaur media's "up is down" mindset, doesn't it?

(Source: http://www.reuters.com/article/domesticNews/idUSTRE56Q4TS20090727)

1 comment:

  1. I hope for $787 billion, a lot more than 50,000 jobs will be created.

    ReplyDelete