Friday, June 3, 2011

9.1% unemployment - Unexpectedly!

9.1% unemployment in May « Don Surber
First quoting Reuters:
Employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan’s earthquake bogged down the economy.
Don adds,
A year ago, Vice President Joe Biden promised monthly gains of 250,000 to 500,000 jobs.

Success has many fathers.

Failure has one: President Barack Obama.

A $787 billion stimulus in 2009, a $150 billion stimulus in 2011 and a $600 billion Quanitative Easing in 2010 failed, failed and failed some more.

9.1%?

If we had done nothing, it would be 8%.

That is what Barack Obama said in January 2009.

Once again: "Unexpectedly" is the motto of this administration.



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