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To hear President Obama tell it, he’s been busy creating jobs since taking office. The $787 billion stimulus package, he said last winter, would “save or create 3.5 million jobs.”
The White House is touting reports from recipients of stimulus funds asserting that they have created or saved 640,000 jobs so far.
Yet the national unemployment rate has now hit 10.2 percent, helping explain why Republicans won the governors’ races in Virginia and New Jersey last week, just a year after the party’s 2008 drubbing. And Obama declared Friday that more action is needed.
