Showing posts with label American Jobs Act. Show all posts
Showing posts with label American Jobs Act. Show all posts

Wednesday, October 19, 2011

You can't build economic recovery on phantom jobs

Before his American Jobs Act failed to pass a Senate cloture vote last week, President Barack Obama made a last-ditch speech to talk up his troubled bill. Not once did Obama mention "green jobs" - his erstwhile jobs of the future.

Smart move. Obama's 2009 $787 billion stimulus package included $500 million for training programs that were supposed to create green jobs for thousands of middle-class Americans. Last month, however, the Department of Labor's inspector general conducted an audit that found that as of June 30 - with one-third of the funds spent and more than 50,000 participants - only 10 percent of trainees were placed in jobs. And only 1,336 participants, or 2 percent, had held jobs for six months or longer.