Obama's Economic Policy: 1 1/2 Years Later

In 2009, Congress passed President Obama's first economic policy.  One and a half years later, the results are as follows (here).  Although Obama was able to pass some pretty good reforms, including regulatory and health reforms, even though the economy has recovered somewhat, there are no new jobs.  This past month, the net job growth was zero; overall no new jobs, but also no losses. (Link)  Workers were still being hired and fired, but overall, the effect on the unemployment rate was essentially nonexistent.  While some may seem happy that the unemployment rate has not gone up, with the lack of new jobs, those in search of jobs will find it difficult to obtain a job.  With the lack of new jobs, Obama is now pressured to come up with an idea to create new jobs to prevent the unemployment rate from increasing.  The unemployment rate, combined with the stock market fears as a result of the economic crisis in Europe, appears to be preventing employers from hiring at a rate that would decrease the national unemployment rate.  On a side note, because the United States and Europe's economy is interlinked, if the US' economy suffers, so does Europe's, as shown by Europe's current crisis (except for Germany).  It seems that without a spark to generate new jobs, the current trend of zero net job growth will continue.