Day By Day by Chris Muir June 5, 2009 – Call, Incoming
Day By Day by Chris Muir
If laid off workers who have given up looking for new jobs or have settled for part time work are included, the unemployment rate would have been 16.4 percent, the highest on records dating to 1994.
The Labor Department also says a total of 14.5 million people were unemployed in May.
Job cuts were smaller than the 520,000 economists expected, while the unemployment rate was higher than the 9.2 percent forecast.
While President Obama is making campaign speeches overseas, his economic policies are not bringing need relief to American workers.
And, rival POLS for the 2012 Presidential election are already starting to CARP.
Alaska governor Sarah Palin let loose Wednesday on the Obama administration for enacting fiscal policies that “fly in the face of principles” and “defy Economics 101.”
In a speech introducing Michael Reagan — the son of former President Ronald Reagan — to an audience in Anchorage, Palin warned that the government is planning to “bail out debt ridden states” so it can “get in there and control the people.”
“Since when can you get out of huge national debt by creating trillions of dollars of new debt?” Palin asked. “It all really is so backwards and skewed as to sound like absolute nonsense when some of this economic policy is explained.”
“We need to be aware of the creation of a fearful population, and fearful lawmakers, being led to believe that big government is the answer, to bail out the private sector, because then government gets to get in there and control it,” she said. “And mark my words, this is going to be next, I fear, bail out next debt-ridden states. Then government gets to get in there and control the people.”
“Some in Washington would approach our economic woes in ways that absolutely defy Economics 101, and they fly in the face of principles, providing opportunity for industrious Americans to succeed or to fail on their own accord,” she said. “Those principles it makes you wonder what the heck some in Washington are trying to accomplish here.”
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One Comment
Ling
I think now would be a good time to do a through auditing of how the stimulus money is being spent, how many jobs have been created where, and how many untold billions have been wasted. I bet if they just sent out more checks in the mail, it would have had more impact.