Obama's summer of fail continues: unemployment rises to 9.6%
What was that about unemployment not rising above 8% if we passed the scamulous bill?
Where do we go to get a refund?
Obama's allies in the press are desperately trying to spin the numbers, even to the point of cheering a mere increase of 67,000 jobs in August. (Remember when they mocked increases of over 200,000 jobs a month during the Bush administration?)
The fact that unemployment has remained stuck near 10% is proof that the scamulous is an epic failure. After spending more in the past three years that the country did during all of WWII all we have to show for it are a few more government jobs and union employees with pay increases and protected benefits.
Can you imagine the outcry from the MSM if a Republican had spent trillions of dollars only to the benefit of a few supporters? No need to imagine, the whining from the MSM during the Bush years is evidence of how the MSM behaves when it feels that someone outside of their sphere of influence is doing well.
Sadly, the situation is not going to change any time soon. Democrats continue to call for even more spending, perhaps hoping to throw America into the kind of debt crisis that will allow them to scare the voters into supporting an onerous VAT tax. (Assuming they still control Congress.)
At this point in the tax-cut fueled recovery during the Reagan years unemployment was well on its way down and economic growth was robust. And America wasn't three trillion dollars further in debt.
This is the growth rate the Democrats need to match over the next six quarters if they want to measure up to the Reagan expansion change in real GDP quarter to quarter):
5.1%
9.3%
8.1%
8.5%
8.0%
7.1%
During the similar period in the Reagan expansion unemployment declined by 3%.
Does anyone really think that kind of recovery is going to happen?
Where do we go to get a refund?
Obama's allies in the press are desperately trying to spin the numbers, even to the point of cheering a mere increase of 67,000 jobs in August. (Remember when they mocked increases of over 200,000 jobs a month during the Bush administration?)
The fact that unemployment has remained stuck near 10% is proof that the scamulous is an epic failure. After spending more in the past three years that the country did during all of WWII all we have to show for it are a few more government jobs and union employees with pay increases and protected benefits.
Can you imagine the outcry from the MSM if a Republican had spent trillions of dollars only to the benefit of a few supporters? No need to imagine, the whining from the MSM during the Bush years is evidence of how the MSM behaves when it feels that someone outside of their sphere of influence is doing well.
Sadly, the situation is not going to change any time soon. Democrats continue to call for even more spending, perhaps hoping to throw America into the kind of debt crisis that will allow them to scare the voters into supporting an onerous VAT tax. (Assuming they still control Congress.)
At this point in the tax-cut fueled recovery during the Reagan years unemployment was well on its way down and economic growth was robust. And America wasn't three trillion dollars further in debt.
This is the growth rate the Democrats need to match over the next six quarters if they want to measure up to the Reagan expansion change in real GDP quarter to quarter):
5.1%
9.3%
8.1%
8.5%
8.0%
7.1%
During the similar period in the Reagan expansion unemployment declined by 3%.
Does anyone really think that kind of recovery is going to happen?