9.6%: The Last Unemployment Figure Before the Election

by Ryan on October 8, 2010

in Economy,Election 2010,Politics

No surprise here — the unemployment rate for September stayed steady at 9.6%.  That is, of course, until the figures are “revised” later this month or perhaps even after November 2.

I’ve got more hope than change in my pocket since the Obama Nation began imposing this latest ill-fated Keynesian experiment on America.  My “hope” is directly related to people showing up in November to stop this madness.

If the unemployment rate stays above 9% for two more months, we will have experienced unemployment above 9 percent over a period of  time Americans haven’t seen since the Great Depression!  It’s already been at or above 9.5% longer than most Americans alive today can remember:  14 months.

From 1982 through 2007, minus two market crashes (1987 and 2000) and two short recessions (1990-1 and 2001-2) we had 25 years of spectacular growth.  Why not tweak the old formula of success (this time getting rid of “too big to fail” and let capitalism work the way it’s supposed to) rather than embrace a failed model which is propelling this nation towards a debt/currency crisis we’ve not seen since Weimar?  Just a thought.

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