Monday, September 13, 2010

Recovery Summer and Stimulus: Week in Review

By Adam Bitely
 
Over the past week, we covered the following states at NetRightDaily.com to see how Recovery Summer and Stimulus affected those states’ economies. We examined New Hampshire, New Mexico, North Carolina and Washington and the results were alarming to say the least. As we continue to discover, the Big Government schemes from Washington, D.C. have had no positive effect on the employment situations in the states as unemployment continues to climb.

Just take a look at New Mexico. Since Obama took office in January of 2009, the unemployment rate has increased nearly 2.5 percent — a startling increase when you consider that the Obama administration was claiming that the economy was recovering in the spring of 2010.

Over the course of the spring, New Mexico faced increasing unemployment even as the supposed “Summer of Recovery” began. Overall, New Mexico is currently facing the worst unemployment situation since Obama took office. And there is no end in sight for their ailing economy.

Similar bad news can also be found in North Carolina. As of June 2010, the unemployment rate hit double digits at 10 percent. And while the “Summer of Recovery” was supposedly going strong, North Carolinians witnessed a shrinking labor force and an ever-decreasing hope that the economy would soon revive itself.
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