Aug 23, 2009

Jobless rate skyrocketing under Obamanomics

The jobless rate in New York City is 9.6% - a 12-yr. high - story here.

Unemployment in California has climbed to 11.9 % - the highest since World War II - reported here.

Jobless rate in Las Vegas is a whopping 13.1 % - story here.

Three questions:

1. Wasn’t the mega-billion-dollar stimulus package intended to create jobs?

2. Didn’t Mr. Obama promise that unemployment would not go above 7.8%?

3. Now the third and most troubling question - is double-digit unemployment actually sought after by the administration in order to keep inflation under control?