Last week, the new unemployment figures were posted for the month of September. South Carolina’s unemployment was up to 11.6 percent, that’s fifth highest in the nation. State Comptroller Richard Eckstrom, a longtime critic of accepting money from the American Recovery and Reinvestment Act says the funds were supposed to create jobs and he hasn’t seen much of that.
“About 40 percent of that money has been disbursed by Washington. We’ve gotten here in South Carolina just at $700 million, actually we’ve gotten a little bit more than that that hadn’t been spent about $700 million of that money. Of course, that money was suppose to have created jobs. The president said if that money got sent to the states immediately it was going to keep national unemployment rate below eight percent,” says Eckstrom. [Read more...]








