Last week, the Obama administration revealed the 48 recipients of $2.4 billion in federal grant money supposedly designed to stimulate domestic production of batteries and other "green" car components while saving or creating jobs. But critics are already blasting the handouts, calling them politically biased, useless, and even unconstitutional.
Unemployment numbers ticked upward during July at a much slower pace than past months, leading many establishment forecasters to conclude that an economic recovery had already begun. The official unemployment rate actually shrunk from 9.5 percent to 9.4 percent, even though the U.S. economy lost an additional 247,000 jobs in July.
Item: President Barack Obama, reported the Bloomberg news agency for July 11, “said his $787 billion stimulus bill ‘has worked as intended’ as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.”