I thought the President and the White House said last month was a good month. He has us on the rebound.
If the American people are stupid enough to vote for Democrats with an unemployment rate of 10% (which is too low because it doesn’t count the self-employed who can’t make a living in this economy), then they deserve the economic disaster that awaits us.
For the majority of the Bush years the jobless rate hovered around 5% even considering 9-11 and last years collapse. Since Bam has only applied stimulus gimmicks and no considerable tax relief expect the unemployment rate to not drop very much from current numbers.
The job market will get worse, with the exception of the federal government.
At some point even the most brain-dead Obama voters will figure out Bammy isn’t in it to help them find work. They didn’t get their free gubmint pie. THIS will get “The One” fired quicker than anything else.
Obama is chewing gum as he makes an omelet out of our (nest eggs) economy.
Nothing will improve until the crooks are out.
Yet, at least 45% will still be blaming Bush for the country's economic woes.
>It could take years to bring the unemployment rate down to 5% or 6%.
No it wont. A little propaganda piece from AP or reuters that “the recession is over, unemployment now at ZERO% under Obama” is enough to appease the gullible...
Put another way, we now have an administration and a society by, for, and about the looters and pillagers and plunderers among us.
It is only going to get worse.
"Hope" everybody likes that "change" they voted in to office, because they are about to get it...
"Good and Hard..."
Remember that we import 125,000 legal foreign workers a month, counting non-immigrant work visas and immigrants.
We are bringing in 1.2 million legal immigrants a year, most of whom are poor and uneducated. They represent a net drain on our social welfare systems. We are importing poverty.