Unemployment Rate Not An Indication Of Recovery Act’s Failure, Says President’s Economic Advisor
“Unemployment is substantially higher and job loss has been greater than most observers predicted last winter…unemployment is likely to rise in coming months,” said Lawrence Summers, Director of the National Economic Council and Assistant to the President for Economic Policy Friday. He claimed, however, that “this does not provide a basis for concluding that the Recovery Act is falling short of its goals,” since the peak impact of the stimulus on jobs is not projected to be achieved until the end of 2009. (0:30)
July 17, 2009
Categories
Related
- “The American Economy Is Again Progressing,” Says President’s Economic Advisor
- We Will Meet Economic Recovery Timeline, Says President’s Economic Policy Advisor
- The Question On Everyone’s Mind: Is the Stimulus Working Yet?
- Economic Recovery Agenda Assures Future Prosperity, Says President’s Economic Advisor
- Rep. Barney Frank Optimistic Over State Of U.S. Economy
Latest Audio
Happening Now - TRNS on Twitter
- @bobney: Cleveland design officials give thumbs down to giant mural of LeBron James | Business - cleveland.com - - cleveland.... http://shar.es/aijUD -- 1 hour ago
- @bobney: MSNBC also apologizes for using wrong Palin footage - TV Squad - http://shar.es/aijUo -- 1 hour ago
- @travisAmartinez: Sen. Specter and Leahy bones it out before the vote. Lieberman and Burris high five after the vote.. -- 10 hours ago
- @jackrice: So 60 votes in the Senate. Now come the real fight. -- 11 hours ago
- @bobney: Sen. George Voinovich: Why waste time on a badly flawed health-care bill? | OPEN: Ohio Politics - cleveland.com - - ... http://shar.es/aiCnd -- 11 hours ago
- @jtamboli: Voinovich didn't vote because he's in Cleveland celebrating the beginning of his political career. http://bit.ly/85eHNR .. -- 11 hours ago
- @travisAmartinez: With 60 votes Senate agrees to begin debate on health care reform bill.. -- 11 hours ago
- @bobney: Buckeye Blitz !!!!!!!! Another year down -- 15 hours ago
- @jackrice: I Embed with the the 82nd Airborne in Afghanistan in Dec. http://ff.im/-bOlF2 -- 17 hours ago
- @bobney: Wow, money for votes, doesn't that get you in trouble? :-) - POLITICO.com - http://shar.es/aiGGE -- 18 hours ago





