Friday, October 02, 2009

Unemployment now at 9.8%

President Obama promised that the stimulus package would cap the unemployment at 8.0%. Unfortunately, unemployment is still rising. Today it reached 9.8%, the highest in 26 years.
According to an Associated Press report, those who have given up looking for jobs or who have settled for part-time work were included, the actual unemployment rate would be 17%!

How high will it have to go before Democrats concede that the stimulus did not work as advertised?

2 comments:

professor ed said...

In addition to those who have given up looking as well as those who have accepted part-time work, let's not forget about those who, out of necessity, have become UNDER-employed. Folks with college degrees (and above) presently selling cars, waiting tables, etc. I wonder if we factor in this "under-employment" estimated figure, what would our grand total be them? But then let us not forget the majority of voters who elected a "community organizer" (who continues to learn on the job) to the most powerful elected positon in the world! Don't blame me, I voted for Palin and what's his name!

Dennis said...

I agree, and I voted for Palin too (Now what was that old guy's name again?)