Sunday 15 February 2009

Effects of stimulus will be seen soon

David Axelrod - besides haveing a name that sound like he should of been a mechanic. He manages, in more or less the same sentence say the economic stimulus plan will soon show positive effects and things are going to get worse before they get better.
Very politician. try to cover the truth with what they want to hear.
Go Grease Monkey!

David Axelrod, senior white house adviser or car mechanicWASHINGTON – President Barack Obama's senior White House adviser, David Axelrod says Americans will soon see positive effects of the massive economic stimulus plan passed last week by Congress.

Speaking on "Fox News Sunday," David Axelrod said signs that the $787 billion economic stimulus program is working will be obvious as work begins on infrastructure and other programs that are ready to begin around the country.

Yet, Axelrod warns, it's going to take time for the effects to register in employment statistics and the economy is likely to get even worse before it begins to rebound.

He says he expects the rise of unemployment to be slowed by the bill's passage and implementation.

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