March saw the strongest job growth rate since May 2007, but the White House is warning Americans that we still have a “long way to go” before the unemployment rate gets back down to levels we’ve become accustomed to in the past three decades. According to Fox News:
Obama’s chief economic adviser Lawrence Summers said on a pair of talk shows that a year after the passage of the stimulus bill, the U.S. economy still has “a long way to go.”
Summers said pushing the unemployment rate down from its current 9.7 percent level won’t be easy.
No, it won’t be easy, particularly since the Democrats and the President have absolutely no interest in taking the steps necessary to encourage economic growth. Read the rest of this entry »
Filed under: economics, Government, taxes, bailout, costs, democrats, fail, jobs, obama, stimulus
12 November, 2009 • 23:52
As unemployment reaches 10.2 percent and another 502,000 jobless claims are filed, President Obama promises swift action:
The announcement came as the Labor Department reported another 502,000 new jobless claims, two high-tech mainstays announced big layoffs and the unemployment rate reached 10.2 percent.
Obama said the White House forum will gather CEOs, small business owners, economists, financial experts and representatives from labor unions and nonprofit groups “to talk about how we can work together to create jobs and get this economy moving again.”
I don’t know why this Administration keeps reminding me of Monty Python. Maybe because it’s so apropos. Read the rest of this entry »
Filed under: economics, Government, liberty, wealth, jobs, obama, stalling, summit, unemployment