The unemployment rate drops to 9.4% while the number of new unemployed rises by a quarter million, and more than half a million enter what is called “long term” unemployment. This isn’t turning a corner – its not even stopping on the way down…but Obama, his Democrat and his slavish devotees will proclaim it as such. Oh, well. It’ll just make the crushed look of surprise more funny.
Just to put things in to perspective, during our last severe down turn – in the early 80’s – the unemployment rate fell from time to time on the way up (such as 7.5% in June of 1981 and 7.2% in July of 1981) and rose from time to time on the way down (such as 9.4% in July of 1983 and 9.5% in August of 1983). Our liberals will be thrilled with this July, 2009 number – but its not quite time to pop the champagne for our economy. We’re still losing jobs, we still have rising foreclosure, still have falling wages – and we still have the stark, bare fact that Obama has pre-spent the investment money necessary for job expansion…that two trillion we’ll borrow this year doesn’t just come out of the magic fairly land of money…it comes out of the total available for everyone to use…and we’re using a lot of it on paying off Obama supporters.
Blogs For Victory 