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NY Times: Thousands Face Job Loss When Part of Stimulus Act Expires

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 07:04 PM
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NY Times: Thousands Face Job Loss When Part of Stimulus Act Expires
Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act: a $1 billion New Deal-style program that directly paid the salaries of unemployed people so they could get jobs in government, at nonprofit organizations and at many small businesses.

In rural Perry County, Tenn., the program helped pay for roughly 400 new jobs in the public and private sectors. But in a county of 7,600 people, those jobs had a big impact: they reduced Perry County’s unemployment rate to less than 14 percent this August, from the Depression-like levels of more than 25 percent that it hit last year after its biggest employer, an auto parts factory, moved to Mexico.

If the stimulus program ends on schedule next week, Perry County officials said, an estimated 300 people there will lose their jobs — the equivalent of another factory closing.

“It’s very scary, because there’s just no work,” said Brian Davis, a 36-year-old father of four, who got a stimulus-subsidized job with the City of Lobelville after he lost his job of 17 years at an auto parts plant that shed hundreds of jobs. Now he faces the prospect of unemployment again. ..............(more)

The complete piece is at: http://www.nytimes.com/2010/09/26/us/26stimulus.html?_r=1&hp



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blue sky at night Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 07:23 PM
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1. oh, but we know the truth...
the stimulus didn't create one single job!

LIKE HELL, hey america!! wake up and vote for the DEMOCRATS who are trying to help you!
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 07:42 PM
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2. Proof that the stimulus was a great job creator for all naysayers
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maryf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 08:10 PM
Response to Reply #2
3. Proof that the stimulus was a bandaid for a critical wound.
might be more like it. I think jobs do need to be created, but this system will have one crisis after another until it's completely overhauled. the people need jobs that are permanent.
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BlueCheese Donating Member (897 posts) Send PM | Profile | Ignore Sat Sep-25-10 08:15 PM
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4. Keep it going for now...
The economy is still precarious, and people are hurting. There are worse things the government could be doing than subsidizing their employment, and a billion dollars is nothing compared to the Wall Street bailouts.

I don't know if this kind of program can go on forever, but it seems like a good idea right now.
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