...The president has signed it into law, but we still haven't heard a giant swoosh of relieved exhales from the 11.6 million Americans who are out of work and looking for jobs. Instead, when it comes to the stimulus package, confusion reigns.
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...The president has signed it into law, but we still haven't heard a giant swoosh of relieved exhales from the 11.6 million Americans who are out of work and looking for jobs. Instead, when it comes to the stimulus package, confusion reigns.
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view that relief as an especially efficient economic stimulus.
It aims to get consumers spending again: Joanie Ruge, a senior vice president at Adecco, says the company is optimistic about the stimulus plan's effects on the job market, and is projecting that the job losses will slow mid-year. "We do think the economy right now really needs a jolt," Ruge says. "We need something to get consumer confidence back up." The U.S. economy is locked in an ugly cycle of weak consumer spending, which slashes revenue for companies, forcing them to layoff workers, who then stop spending, and on it goes. Luring consumers back with tax credits is part of the formula for recovery and job creation.
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