Thousands face job loss when part of stimulus expires

[Amelia]

Thousands face job loss when part of stimulus expires

Obama administration, Democrats face stiff GOP resistance in extending program

By Michael Cooper

The New York Times

9/25/2010

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.

http://www.msnbc.msn.com/id/39360452/ns/politics-the_new_york_times/

[Dr. Shane]

This really exposes one of the big problems with the stimulus bill. The jobs it did create were only funded temporarily. The theory was that the economy would have recovered by the time the temporary funding expired. Government spending is fueled by the private sector. We cannot spend our way out of an economic downturn. Government spending, at best, can only grant temporary relief. The private sector needs to pull us out of this.

The private sector has not been growing much primarily because banks have not been loaning money to small business. Additionally, many businesses are scared of what is to come. The see tax increases, Obama-care and new environmental penalties as as an unknown landscape and are holding off hiring new employees to see how things are going to play out.

[phkrause]

It sure does and what of all the jobs that will be lost when we get rid of all the government jobs because government is to big? Thousands of jobs will also be lost than, will they not?? So in reality there will be thousands of jobs lost no matter how you slice it!!!