Yeah, struggling to find government positions for all of them. Even the Feds can’t hire quite that fast!
unemployment rate jumping to 8.1 percent last month,make 10.0% they didn’t count the ones that gave up only new listings.
Hey, Obama; here’s a thought! Why not let the people keep their money, eliminate the suicidal “stimulus” plan and the idiocy of the “bailouts,” and let the f***ing market correct itself, which is what capitalism is all about! Oh, but I forgot: You are not a capitalist; you are a marxist.
Everything they’ve done so far has not only failed to help, it prolonged the agony. All they had to do was say we are willing to spend a trillion plus dollars to correct the situation and we plan to do it by giving a tax holiday until the amount not collected is a trillion plus.
They would be back to expanding tax revenues much more quickly that way than the socialistic plans they’ve tried thus far.
You'd think that would give Obama et al. a slight clue.
“The whole aim of politics,” wrote H.L. Mencken in 1920, “is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.”
Look at U6, now at 16%:
Aggregated totals:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet
Data selection:
http://www.bls.gov/webapps/legacy/cpsatab12.htm
When you start your administration trying to scare the hell out of everyone, are you surprised no on wants to spend money and no company wants to be caught overextended?
Obie got just what you would expect from his panic mode.
The “response” has destroyed everyone’s faith that the government will do the right thing, driven markets even lower, dried up investment as people flee to safety and led to more job cuts. On top of that, the government intends to slap massive cap-and-trade taxes on us, hit us with massive marginal tax increases, destroy health care, and once again “reform” education.
Lather, rinse, repeat.
Man, thank God for Obama! Without him there would 7.9 million jobs lost. (3.5 + 4.4 = 7.9)
Coming next- card check
yet another jobs-killing brilliant move by bamster, in deference to the union money that “got him elected”
We do not need another so called stimulus; we have not spent the first porker yet and will not spend most of it until next year at the earliest.