The same week in which President Barack Obama disbanded his jobs council ends on another sour note: Unemployment in the US rose a tenth of a point, to 7.9%.
The Obama administration will undoubtedly blame former President George W. Bush, but unemployment is higher now than it was when Obama took office four years ago. At the beginning of February 2009, the unemployment rate was 7.6%.
On Thursday, news broke that the gross domestic product had grown a measly 1.5 percent over the past year. The participation rate in the economy remained flat, meaning the rise in unemployment is not due to more Americans looking for work.
Yet Democrat Sen. Harry Reid insists that the American economy is in recovery.
Update: Reuters spins the rise in unemployment as a sign that the recovery is still “on track.” Astounding.
Now is the winter of our discontent
made glorious summer by this sonofabitch.
I just conversed with a nitwit elsewhere, who insists the GDP is flatlined because the government isn’t spending enough money.
And, yes, he predictably threw in the gratuitous ad-hominem, calling me a “Wingnut” in the bargain.
you need to keep repeating …”high unemployment is a feature, not a bug…”
It’s the fault of THOSE EVIL REPUBLICANS!
Yeah, that’s the ticket. Boy am I ever glad those spineless schmucks are around so we can hide the truth from a stupid public with the help of our acquiescent media by pointing the finger of blame at the GOP. How lucky can we be?
You forgot to add that GDP shrank in the last quarter.
This is what it’s like to be ruled by a Naked Emperor.
– recovery, but when we tank again, it’s still not his fault.