Dude, Where’s My Economic Recovery?
Posted on July 2, 2009
After pouring trillions of dollars we’ve never had to begin with, down a black hole and waiting…surprisingly the economic negative got even bigger? Wow! Who would have ever thought you couldn’t dig yourself out of a hole? Check out the latest unemployment rates! Knocking on the door of double digits!
Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on solid ground.June’s payroll reductions were deeper than the 363,000 that economists expected.
However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.
All told, 14.7 million people were unemployed in June.
Yes, I’m sure this problem was inherited from Bush! Right?
» Filed Under Economy, News, Recession/Depression
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One Response to “Dude, Where’s My Economic Recovery?”
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Obama thinks you’re stupid-
he thinks everyone is as stupid as the people that voted for him.
He makes the loosest, most general statements possible, to attempt to imply that Bush is responsible for all the rampant spending because it started under him.
He lies and changes his story at-will on everything from his cabinet’s ethics to whether or not he ever met with Blago to discuss his senate seat, meanwhile the press is occupied with stories on his puppy vetting process and how Barack likes to play basketball.
And Obama couldn’t care less if you catch him lying or flip-flopping too, he just changes the subject and moves right-on-along.
Obama wants the state to be your mother and father- and it’s his right to lie to you if he wishes… just like your parents when you were five.
Government will be one you come to for money, ask permission when you want to think or speak, and who handles all your finances for you since of course you can’t be trusted.
http://reaganiterepublicanresistance.blogspot.com