Friday, January 15, 2010
"You Know What, I'm Wrong on This One"
More style then substance, but still fun. With support for his health care "reform" continuing to fade, one wonders if he'll take his own advice.
A net loss of 85,000 jobs in December. 6.1 million Americans have been unemployed for 27 weeks or more, the highest since WW II. The Department of Labor calculates the "U-6" unemployment rate, which includes people who are working part time while seeking full time employment and those who have stopped looking for work at 17.6%. Robert Reich, Labor secretary under President Clinton has stated that the "chances of unemployment being 10% next November are overwhelmingly high".
And still President Obama's primary objective is to "reform" 1/6 of the US economy.