August 7, 2009
Unemployment drops: It’s because of The One! (Maybe that’s why it only dropped 0.1%?)
Unemployment numbers drop and of course it’s because of The One:
The nation’s unemployment rate dropped to 9.4 percent on Friday, an unexpected burst of good news for President Barack Obama after a very rough month for his agenda.
The White House had been braced for the number to go higher than its level of 9.5 percent in June, and had worked all week to prepare the media and the nation for a number that would creep ever closer to the symbolic level of 10 percent that President Barack Obama has said he thinks is inevitable.
But the unexpectedly low unemployment figure announced Friday is a sign that the severity of the recession is easing, and provides a political boost to an administration that had been struggling to maintain public confidence in its recession-fighting efforts. Now the White House has a major economic statistic to point to as it touts the success of its stimulus spending this year.
Wait, didn’t they say when the numbers were rising it wasn’t Obama’s fault? It was still on Bush. I forgot. Funny how when 9/11 happened our lax terror policies weren’t still on Clinton. But, I digress.
Just because the unemployment rate has gone down by 0.1 percent does not mean that Obama’s policies are working or that this is a direct result of the “stimulus” package. Perhaps that argument could be made if anyone knew where exactly the stimulus package was going, other than to produce signs touting the stimulus package, but can anyone actually point out one single job that was created as a direct result of the stimulus package?
If anything, I would say that the unemployment rate lowering is in spite of Obama’s policies, not as a result of them. But, what do I know?
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yeah WHAT DO YOU KNOW!!!!!lol
Comment by ron — August 7, 2009 @ 11:03 am
* The unemployment rate going down ?
* The stock market is moving up ?
* Economist predicting that the recession is coming to an end?
* Banks starting to lend to each other again ?
* Home sales are rising in some parts of the US ?
Does that prove that Obama’s economic policies are working!!
Don’t bet on it!!
Remember these events just a short year ago…..
* The collapse of Countrywide,Ameriquest, Indymac Bank
* Federal takeover of Fannie Mae and Freddie Mac,
* The propose a $700 billion emergency bailout TARP program
* Washington Mutual seized by the Federal Deposit Insurance Corporation,
* The Dow Jones Industrial Average caps its worst week ever with its highest volatility day ever recorded in its 112 year history
* Lehman Brothers collapses
* The US Federal Reserve lends $85 billion to American International Group (AIG) to avoid bankruptcy.
* The US government agrees to rescue Citigroup
* Economists start talking about a second great depression
* The collapse of….excuse me? hmmm….you sure…oh…
Ah, Excuse me….
That all took place under the Bush administration?!
…..Never mind.
Comment by Norris Hall — August 7, 2009 @ 12:16 pm