HMO: Stimulus Plan Not Working

HMOffsuite: The unemployment and jobs numbers were released today for the month of June. Unemployment now at 9.5%, up from 9.4% in May. Not too bad, but job losses were more than anticipated, however. But, one must realize that the ‘actual’ unemployment figures are much higher. That is because the number of people that quit looking for jobs are not counted and many other metrics. The actual computed unemployment figure now is 16.5% and will rise to 20%. The Obama stimulus (joke) plan is not providing much assistance and won’t, quite frankly. This is a bigger deal than most give credit to and will cause severe economic destruction in the months to come. Too bad Obama didn’t actually stimulate the economy with all the money he spent. Watch out, folks.

Question: Do you agree w/HMOffsuite that the stimulus package isn’t working? Or is it too soon to tell what it’s doing?