Unemployment up again!
Last month, the unemployment rate climbed higher than the Not-So-Omniscient Obama promised it would if Congress rammed through HIS stimulus package. He predicted unemployment would go no higher than 8% if the stimulus passed, 9% if it didn’t. Last month it reached 9.4% and this month it climbed again to 9.5%.
Understand, it’s worse than the Obama administration ever predicted it would be if the “stimulus” didn’t pass. It’s not a great leap to infer his stimulus plan actually made things worse than they would have been had it not passed! Below is the graph the administration put out to sell its “stimulus” plan, overlaid with the actual data for the last few months.
So much for salvation at the hands of our Socialist President.
John Allison III
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