The unemployment numbers came out yesterday. We’re now at 9.7%, the highest since early 1983 when Pres. Reagan was still helping the nation get past the Ford-Carter years. Another 216,000 jobs were lost. But in Obama-speak, that is good news. You see, that’s fewer job losses than were predicted. Right. As Joe Biden said, this will be a jobless recovery. Wouldn’t that be an oxymoron? But the administration keeps saying everything is working out just as planned.
There is one sector that’s growing—the government. But that’s not what we’re supposed to be stimulating.
And there has been one unintended consequence of the Obama stimulus:
Has the Republican party really recovered? We’ll have to suspend judgment on that. Time will tell. We’ll find out along about November 2010.