Going Up! The Unstimulating Stimulus Continues to Work Its Magic

Sane people know that unemployment has been above 10% for months,** but there comes a time when it is so bad for so long that not even "the most powerful man on Earth" can keep the number hidden. Drudge doesn't sugar coat it.

And this handy chart puts the real effect of the "Stimulus" in perspective.

All of which you can pretty much predict when most of the "jobs created" have been inside a government whose new slogan has to be:

"At General Obama Progressivism is Our Most Important Product"

** The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches. The October unemployment rate -- reflecting nearly 16 million jobless people -- jumped from 9.8 percent in September, the Labor Department said Friday. The job losses occurred across most industries, from manufacturing and construction to retail and financial. --Jobless rate tops 10 pct. for first time since '83 - Yahoo! Finance

Posted by Vanderleun at November 6, 2009 2:23 PM