An Economy in Panic
The American people have President Obama’s big-spending economic policies to thank for slowing the pace of recovery.
By Heritage Foundation Mike Brownfield—— Bio and Archives--July 8, 2011
American Politics, News | Comments | Back To Full Article
There’s no good way to spin the news that came out of today’s monthly U.S. jobs report. The economy generated only 18,000 total new jobs, the unemployment rate increased to 9.2 percent, and the number of unemployed Americans has gone up by 445,000. In other words, the recovery appears to have slowed markedly. President Barack Obama’s stimulus-infused “recovery” refuses to ignite, unsurprisingly to all but him.
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