Last month, the U.S. created just 54,000 jobs"”well below the roughly 150,000 necessary simply to keep up with population growth"”and unemployment crept upward to 9.1 percent. Those ugly jobs numbers have already provoked cries for action from Washington from a number of liberal bloggers.
We've heard this line before. In early 2009, as the economy reeled, the Obama administration passed a stimulus with an enormous price tag that's since grown to roughly $800 billion. The stimulus package came attached to very specific promises about the unemployment trajectory that would follow its passage, and those promises were crucial to the administration's case for passing the spending.
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