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To the Point

With Unemployment at 9.5 Percent, Is the Stimulus Working?

To the Point

KCRW

News

4.4583 Ratings

🗓️ 9 July 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

The President's $800 billion stimulus package hasn't been fully rolled out yet, but the US economy is already almost 7 million jobs in the hole since the recession began. Who's able to find work and who's not? Is more stimulus money needed? How much worse is it going to be before it gets better? Also, another protest crushed in Tehran, and China's continuing problems with ethnic unrest.

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:07.6

With unemployment at 9.5 percent, is the stimulus working?

0:15.1

Hello again, I'm Arminolny, and this is To the Poet from Public Radio International.

0:19.1

A daily look at the issues, Americans care about most.

0:21.6

By orders of magnitude, unemployment is rising faster than the new jobs promised from the $800 billion stimulus.

0:28.5

Some economists and some Democrats want another package.

0:31.4

The president says, give this one more time.

0:34.0

Republicans already are saying, I told you so.

0:37.4

Meantime, just one job is available for every six unemployed workers.

0:41.8

Are schools and workplace developers training people for jobs that just don't exist?

0:46.2

Who finds work and who doesn't?

0:48.1

Will the so-called green economy pick up the slack?

0:51.4

On reporter's notebook later on, The Uyghurs and China's continuing problems with ethnic unrest. First, here's the slack. On reporter's notebook later on, The Uyghurs, and China's continuing problems with ethnic unrest.

0:57.1

First, here's the news.

0:58.3

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio International Program Fund,

1:05.7

whose contributors include the Ford Foundation and the John D. and Catherine T. MacArthur Foundation.

1:10.9

Hello again, Mormon Alney. Back with To the Poet. The President's $800 billion stimulus package hasn't been fully rolled out yet, but the U.S. economy's already almost 7 million jobs in the whole since the recession began.

1:22.1

Who's able to find work and who's not? Is more stimulus money needed? How much worse is it going to be before it gets better?

1:28.8

On reporter's notebook, China's president Hu Jintao has rushed home from the G8 to deal with

1:33.4

rioting by the Uyghurs, one of 55 officially recognized minorities. We heard about ethnic unrest

1:39.9

in a diverse nation. First is news update. More than a thousand demonstrators were met with tear gas and beatings today in Tehran

1:47.3

as violence continued in the aftermath of last month's contested elections.

...

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