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Sunday, October 04, 2009

Unemployment Keeps Rising

Unemployment hit 9.8 percent last month (a conservative estimate, to be sure). The Obama administration once said it would approach 9 percent -- if the "stimulus" did not pass. With the "stimulus" it was supposed to be less than 8 percent by now. (See graph.)

When do we declare the "stimulus" a failure? Huh?


Anonymous said...

It didn't fail. Its purpose, like everything Obama advocates, was to further destroy the Republic. That wasn't the *stated* purpose, but that was the purpose, and it succeeded.

Darian said...

It's a market failure! The problem is that the market didn't respond the right way to Obama's genius.