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On a day that the U.S. government announced another surge in unemployment, President Barack Obama on Friday was pointing to jobs he says were already saved by his $787 billion economic stimulus package.
Obama spoke at a graduation ceremony in the hard-hit Midwestern state of Ohio for 25 police recruits who owe their jobs to the massive spending bill that he signed into law last in month.
However, U.S. employers slashed 651,000 jobs in February, the Labor Department announced Friday, and the country's unemployment rate bolted to 8.1 percent. Both figures were worse than analysts expected and came after even deeper payroll reductions in the prior two months, according to revised figures. The economy lost 681,000 jobs in December and another 655,000 in January.
Obama noted that the latest figures bring the total jobs lost during the current recession to "an astounding 4.4 million." He said joblessness is "a future that millions of Americans still face right now."
The Democrat has practically staked his presidency on his promise that the stimulus package, which drew scant Republican support in Congress, will save or create 3.5 million jobs within the next two years.
Damn the people, save the country!
Originally posted by David9176
The only thing that will save this country is the people.
I wish I knew.....if ever....when will people take back what was given to them by our founding fathers?
Originally posted by nixie_nox
If you don't provide your consumers the jobs to keep buying products, what do you expect to happen?
WASHINGTON — With 12 hours or so to spare, Congress approved a stopgap resolution on Friday to avoid a shutdown of the federal government for another five days.
The House approved the measure by 328 to 50, and the Senate rushed it through on a unanimous voice vote, clearing the way for President Obama to sign it later in the day.
The stopgap measure became necessary after Senate Republicans blocked a $410 billion omnibus spending measure on Thursday night, forcing Congressional Democrats to come up with the emergency measure. The government has already been running on a stopgap measure, approved by Democrats to avoid a fight with the Bush White House and set to expire Friday.