Wednesday, February 17, 2010

Obama's Rozy Picture of 17% Unemployment Rate (Vid)

"One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility," Obama said.
The “real” unemployment rate is not 10% but 17.3%. The figure is from the Bureau of Labor Statistics.
The Obama administration is desperate to find some positive news and they are turning back to the blame game again but that will backfire on them too.

2 comments:

dancingczars said...

If this fool and his entire administration were carpet bombed with clues they couldn't come up with one. The follow no economic model that has ever created wealth. Jim's Law: Profits Employ Taxes Destroy, figured it out and came up with in high school when I got my first pay check and asked who the hell is FICA?

PFFV said...

Well said Jim! Taxes do indeed destroy an economy. I live in Michigan where the business taxes and taxes in general are one of the highest in the USA and the results are businesses leave and so do the residents for a more business/worker friendly state like Texas or other southern states.