BLS says that One-half Million More Jobs Lost in the Last Month … As Predicted, Economic Stimulus Package Will Do More Harm and Good

Six Months ago, I commented about the problems with the Economic Stimulus Package and how it would not provide any immediate benefit, be largely ineffective and create more long term costs than benefits.  The Bureau of Labor Statistics just released its latest employment situation report and showed that the economy lost nearly one-half million jobs in the last month and six and half million since the recession began.  Six months ago, the administration said that the package would create millions of jobs this year.  What we said then, still holds true.  To read our critique of the package, see: 

http://www.theamericanconsumer.org/2009/02/02/economic-stimulus-will-it-work-maybe-maybe-not/

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