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Published: Tue, 10 Nov 2009
Description: Unemployment rising despite $787 billion stimulus
Automatically Generated Transcript (may not be 100% accurate)
" Most 787. Billion dollars poured into the economy president Obama's Council of Economic Advisers says that stimulus money has created or saved. Some 600000 jobs this year but unemployment is in double digit ten point 2%. So we've seen the money and now some states are saying show me the jobs. Anita Vogel news. Los Angeles neither the federal government putting out regular reports on a website what is the status of the dollars being doled out."
" Why they're -- and you know it's been ten months since the government unveiled this stimulus program and now only getting a look at where the money's going and how it's being spent. It's really be spread out to all sectors of society. A government programs private sector interest all the name of job creation. Now the states aren't getting the money they are just spending it very slowly for example in California. Which got the lion's share of the stimulus only 30% has been spent so far. In Arizona 22% and New York a mere 11%. Meanwhile state regulators say everyone just hold on a minute and take a breath."
" Play out this is the first reporting. The money has been out on the streets -- Weeks months. There's more to come and it is absolutely too early to be judging whether it successfully now."
" Now of course those same regulators admit that if -- very hard message to swallow if you're one of the millions of Americans out there looking for job. I am all right Anita Vogel reporting live."
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