More than 15 million people are now unemployed, according to the Labor Department. The 9.8 percent jobless rate in September was the highest since 1983. The rate in Michigan was 15.3 percent; for blacks nationally it was 15.4 percent. If you include people who have settled for part-time work or given up the search, the national rate is 17 percent. One-third of all workers will be jobless at some point this year. And the number of long-term unemployed is setting records: Nearly 36 percent of all those without jobs have been out of work for six months or more. In human terms, that's 5.4 million people.Of course, the anti-business Democratic controlled Congress hasn't the brains to take that option. No, what they'll do is try to pass a massive tax increase under the aegis of "health insurance reform." That tax increase will hit those making less than $75,000.00 per year hardest, by tripling the cost of health insurance. Additionally, Congress will make everything more expensive by passing a Value Added Tax in order to pay for it. When you throw in "Cap & Trade" which will add roughly $1,800.00 per year per household for electricity...the economy will come to a screeching halt. Unemployment will reach 25% and we will see a severe recession turn into a full blown depression. Death knell to economic recovery. It will finish off what they've begun then demand emergency powers to sieze yet more areas of the economy.
Hope and Change is a beautiful thing ain't it?
No comments:
Post a Comment