stimulus effects food stamps have on the economy. if you take away these subsidies, assistance, retailers, grocers, the food industry is worried about the cuts on friday. 48 million americans with $16 billion less to spend over the next three years and comes just months after the expiration of a payroll tax cut which knocked 2% off consumers monthly paychecks. is that an argument you make? the fact this goes back into the economy as does to heather s point the minimum wage? of course. that s also an argument. it s a secondary argument. the main argument we re just being mean-spirited and hurting a lot of people who are in desperate need of help. but the same thing, one of the reasons why we had to fight for stimulus and couldn t put forward programs we wanted to put forward to stimulate the
the unemployment rate holding at 8.2%. doug mckelway has more from washington. rick: the romney campaign pounced on the jobless numbers and on it comments from the obama camp that appear to minimize the impact of only 80,000 jobs created in june. the president called those number has step in the right direction. his advisor, david plouffe, stays, quote, what everybody expected. it prompted this response from the romney campaign. with millions of americans facing what even vice president biden called a depression, it s clear president obama is simply out of touch with the difficulties facing middle class families. the president did not mention the jobs numbers in his weekly address today. instead, focusing on the stimulus effects of his signing of the transportation and student loan bills. first they will keep thousands of construction workers on the job rebuilding our nation s infrastructure. second, it will keep interest rates on federal student loans from doubling this year, whic
about the tax deal. temporarily cut payroll taxes and provide tax breaks for investment would help get the economy moving again. are they overselling the planned stimulative effects. joining the panel this week, wall street columnist and editor dan henninger, mary anastasia o grady and mary, looks like most of the package is extension of the tax status quo. how much stimulus is in there? well, stimulus is usually considered government spending, only in washington can letting people keep more of their own money be considered government spending. it makes you wonder who these people whose money do they think it is? i think the stimulus effects may come from extending the unemployment benefits. that s government spending, but i think not imposing a tax increase, which is basically what s here, is going to you know, just extend the status