Friday, November 06, 2009

Jobless Rate Jumps To 10.2%
As Labor Market Still Weak

by Staff - November 6th, 2009 - Reuters

U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.
The Labor Department said the unemployment rate was the highest since April 1983. It revised job losses for August and September to show 91,000 fewer jobs lost than previously reported.

The article then goes on to argue that the recession is over. All these left wing news organizations are doing their best to ignore that Barack Obama promised this would not happen if we passed his nearly $1 trillion "stimulus". His repeated promise was that unemployment would not hit 8% if we passed the "stimulus". Instead it rocketed past 8% and keeps going up.

If Obama was a Republican that broken promise would be shoved in his face every single day by the press. Instead we get the "positive" review of another disastrous jobs report by the left wing Reuters.

Unemployment went up this last month by four tenths of a percent. That increase is almost 10% of the TOTAL unemployment until the Democrats took over congress in 2006. Since then we have had the highest deficit in history, passed by Democrats but blamed on Bush who was still President. Then Obama took over and he and the Democrat congress made the $400 billion deficit of Bush look paltry as Obama skyrocketed the deficit to $1.4 trillion in his first year.

That waste of money is the reason our economy continues to collapse. It would already have recovered if Obama had simply done nothing. The continuing upward trend of unemployment makes it clear. The recession is deepening, not getting better. And yet Obama does not have a clue what to do.

An idiot could tell him how to fix the problem. STOP SPENDING!


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