Friday, June 5, 2009

Unemployment Rate Hits 9.4%; Thank God For Obama's Stimulus Package

So let me see if I have everything correct here or not. In January the Obama administration put out a paper talking about why we desperately need to pass the stimulus bill. In this paper (that I will link to and show you a graph of below) The administration said that if the stimulus would pass, the unemployment rate would never rise above 8%. Its peak would be around 7.9% later towards the end of the year.

The administration’s report also showed that the unemployment rate would be about 8.1% in April now if they had done nothing. Well in April the unemployment rate was 8.5% already. WOW this is very perplexing. I can't quite wrap me tiny little brain around this (yes I know I wrote me, that's the point). We need this stimulus bill to keep unemployment under 8%. Well we have the crapulus bill and this month unemployment, with the bogus numbers we are getting, is; are you ready for this, drum roll please: 9.4%. TaDa!


Here you can find the administrations report: http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf

Here is a graph that is found on page 5 of that report:




And here is the article showing our current unemployment rate: http://finance.yahoo.com/news/Jobless-rate-hits-94-percent-apf-15448590.html?.v=13


1 comment:

  1. I am also looking into this(seeing how I'm a # in this story) but for FYI if your a 30 somthing your "number" is 25% unemployment... this is a story that is just getting out and o so im por ten te por fa kin for!!! -z-

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