It was a bad morning at The White House and across the land:
"Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.
The payroll decline was more than forecast and followed a 322,000 drop in May, according to Labor Department figures released today in Washington.
The jobless rate jumped to 9.5 percent, the highest since August 1983, from 9.4 percent." (Bloomberg)
This is more and more evidence of how Pres BO turned a recession into a very bad recession.
Back in February, we were told that the "stimulus" should be rushed through because the nation's economy was a desperate need of a jolt.
Many of us objected.
Why? Because it wasn't a stimulus. It was a "dividend" check to the unions, ACORN and all of those groups that made BO's election possible.
I agree with Ed:
"Porkulus has utterly failed, as has the Obama administration’s fiscal policies.
Businesses have conserved capital in the face of massive new taxes and costs associated with Obama’s stated fiscal policies, such as cap-and-trade, foreign-income taxation, and the higher interest rates that will spring from the massive deficits Obama plans to create.
The capital necessary for growth won’t appear in the market under these conditions, as we have clearly seen.
When will the media begin to hold this administration responsible for Obama’s economy-killing agenda?"
I am not sure about "the media in the tank" for BO!
However, the public is catching on!
Don't blame me: I voted for McCain!
