Stimulus Spending and Unemployment | Mercatus: "At 9.1 percent, today’s unemployment rate is far too high. In the past two months unemployment has begun to edge up again - In spite of growing unemployment and the lack of recovery, stimulus spending continues to grow. While debate surrounds the effect of stimulus spending on unemployment, the data reveal no marked improvement in employment as stimulus spending has increased. Sustainable job creation comes from the private sector; true stimulus legislation is that which creates a stable, low-regulatory regime that will enable businesses to hire workers in sustainablejobs; jobs that will last long after stimulus funds have run out."
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