A man who promises everything can deliver on nothing! I’m surprised that a majority of the American people are so stupid and blinded they would actually support such a person. Back in February 2009, Obama claimed that if stimulus package was passed that the unemployment rate would not exceed 8 percent. Obviously, Obama is one lie after another. The nearly trillion dollar stimulus package was passed and the unemployment rate has continued rising with no sign of retreat.
The jobless rate rocketed to 10.2 percent in October, the highest since early 1983, dealing a psychological blow to Americans as they prepare holiday shopping lists. It was another worse-than-expected report casting a shadow over the struggling recovery.
Economists had not expected the 10 percent mark to come so quickly and immediately darkened their forecasts. Mark Zandi, chief economist at Moody’s Economy.com, and Joshua Shapiro, chief U.S. economist at MFR Inc., predicted the rate will peak at 11 percent by mid-2010. They earlier had projected 10.5 percent.
Unemployment at 11 percent would be a post-World War II record. Only once since then has joblessness hit double digits in the United States — from September 1982 to July 1983, topping out at 10.8 percent.
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