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10 percent jobless is Obama's new world
Associated Press, by Jim Kuhnhenn
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Original Article
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Posted By:Pluperfect, 11/7/2009 4:00:02 AM
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| WASHINGTON – For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent. A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work. Never mind that the economy itself grew in the last quarter, that the recession, as measured by the precise formulas used by
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Reply 1 - Posted by:
Spidey, 11/7/2009 5:04:47 AM (No. 6007507)
There is such a disconnect between Obama and the private sector in this country you could drive a solar system between them.The liberals look at business as the enemy and a pot of money to be had. In their world a profit is the result of overcharging people.So the government has to impose the costs of healthcare,carbon penalties and unionization to level the playing field.A level playing field to a liberal is enabling themselves to steal the fruit of someone else's labor.
It's insane to read people's take on the economy and the head scratching because jobs aren't coming back. Who in their right mind would open or expand a business when Pelosi will be at the door with a tax,health mandate or a union thug.Until the threat of Obama is over,jobs aren't coming back.Republicans always got smeared to being too friendly to business,now we're seeing what hostility towards them results in.
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Reply 2 - Posted by:
Triangulum, 11/7/2009 5:08:39 AM (No. 6007511)
AP is covering for ineptitude, as usual. Could it be time for a misery index, like that attached to Carter. We could call it the Hopey/Changey Index. Mortgage foreclosures, unemployment, destruction of retirement accounts, devaluation of the dollar, bank seizures, and on and on. Yes, let's give O-clown his very own misery index.
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Reply 3 - Posted by:
Patchy Groundfog, 11/7/2009 5:11:18 AM (No. 6007515)
Tragically even L dotters and like-minded individuals have become somewhat inured to the 10% figure (a lowball stat if ever there was one) but it bears repeating: were a Republican in office especially GWB the media onslaught would be relentless. Unfortunately we can all imagine what the headlines and magazines covers would be like: "Bush's jobs crisis"...."The President's economic meltdown"...etc.
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Reply 4 - Posted by:
sinic, 11/7/2009 5:27:09 AM (No. 6007527)
FTA: "Never mind that the economy itself grew in the last quarter, that the recession, as measured by the precise formulas used by economists, is over and that the number of jobs lost in October was less than one-third the number of job losses at the start of his presidency". AP can try all they want to put a nice Armani on this pig, but there are "numbers" and then there is the real world with everyday observations and gut feelings. Who are you going to believe? Obama and his minions, the bean counters in their ivory towers, or your own eyes?
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Reply 5 - Posted by:
Beamer, 11/7/2009 5:46:01 AM (No. 6007540)
Hey, he promised that if congress passed his stimulus bill, unemployment will stay below 8%. What happened? Was it a lie? Or was he stupid? Methinks both!
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Reply 6 - Posted by:
truthtopower1, 11/7/2009 6:01:02 AM (No. 6007557)
10% new government dependants. He knows exactly what he's doing.
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Reply 7 - Posted by:
mickeymat, 11/7/2009 6:47:47 AM (No. 6007625)
If the Republicans had any brains (seems like we could use this phrase over and over these days preceding obvious ways to beat these guys) they would play the video of Obama admitting that lowering the capital gains tax increases investment, jobs and taxes but that he doesn't care that it is true and will raise taxes just to be fair. It is "thinking" like this that has created the unemployment we now endure.
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Reply 8 - Posted by:
Sfacheem, 11/7/2009 6:58:04 AM (No. 6007644)
Jim Kuenhen of AP is guilty of journalistic malpractice.
Obama did not "for months", "warn us it was coming". He warned that if his stimulus bill wasn't passed right away, unemployment might reach as high as 9%.
His stimulus bill was passed. And unemployment has topped 10.2%.
He warned us of no such thing.
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Reply 9 - Posted by:
pineledger, 11/7/2009 7:09:21 AM (No. 6007663)
Change, all right.
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Reply 10 - Posted by:
LambiePie, 11/7/2009 7:40:18 AM (No. 6007719)
Excuse me, but I believe the true rate is 17%.
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