Friday, January 08, 2010
Obama Claims That Jobs Are #1 Priority: And Always Has Been
How many people actually believe as Mr. Obama claimed today that jobs has always been his #1 priority? Ever since the "Stimulus Package" in March 2,75 million jobs have been lost. Of course he did have a "Jobs Summit" last month...that produced nothing but pictures.
This is what the country elected...a man who gives a good speech, but can't really do much else. He and his minions in Congress wasted $2,000,000,000,000.00 last year and produced nothing. Nada...unemployment will get worse. It will peak in August at roughly 14% if Congress doesn't manage to finally pass the government seizure of the American health care industry. If they do...then unemployment will continue to rise until mid 2011 when it will peak at 18-22%. This of course doesn't count those who have stopped looking for work. If you do so, the numbers are far far worse.
I certainly hope things don't get that bad...but the real U6 unemployment rate has already topped 17% and is still climbing. Many people have stopped looking for work, and thus aren't counted toward the government rate.
So no, MR. Obama, I don't believe that unemployment is your #1 priority. If it had been, you wouldn't have signed that bloated porkladen stimulus bill. Nor would you have allowed Congress to waste 8 months arguing on a bill that will seize control of one sixth of the economy.
This is what the country elected...a man who gives a good speech, but can't really do much else. He and his minions in Congress wasted $2,000,000,000,000.00 last year and produced nothing. Nada...unemployment will get worse. It will peak in August at roughly 14% if Congress doesn't manage to finally pass the government seizure of the American health care industry. If they do...then unemployment will continue to rise until mid 2011 when it will peak at 18-22%. This of course doesn't count those who have stopped looking for work. If you do so, the numbers are far far worse.
I certainly hope things don't get that bad...but the real U6 unemployment rate has already topped 17% and is still climbing. Many people have stopped looking for work, and thus aren't counted toward the government rate.
So no, MR. Obama, I don't believe that unemployment is your #1 priority. If it had been, you wouldn't have signed that bloated porkladen stimulus bill. Nor would you have allowed Congress to waste 8 months arguing on a bill that will seize control of one sixth of the economy.
Labels:
Barack Obama,
Congress,
Democratic Party,
Democrats,
Unemployment
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