July 3, 2009

Up, Up, and Away

US unemployment rate has reached 9.5% nationally. Below is Obama's predicted results of his stimulus package. In February, he claimed that unless the stimulus bill was passed the recession would be "catastrophic" and "irreversible".

Now he says: "Obviously we are deeply concerned about the employment rate. What we are still seeing is too many jobs lost - too many families who are worried about whether they are going to be next."

No kidding... The question is, can the Federal Government spend its way into prosperity. I think the answer is obviously no. Now, instead of just high unemployment, we have high unemployment and massive record debt.

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