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Another Bad Jobs Number Showing the “New Normal” of Obamanomics

mmekota Wrote: Feb 02, 2013 7:09 AM
You are right, AnnFan. The real trouble started when Pelosi and Reid took over in 2007. At that point, the markets knew that the Bush tax cuts were doomed, and the economy started to slide. Then the ponzi scheme ushered in by Carter's Community Reinverstment Act (as enhanced by Clinton) that was the secondary mortgage market collapsed. Such a scheme can only be sustained in a period of growth because it requires a bigger, richer fool to be the next buyer.
True Conservative! Wrote: Feb 02, 2013 12:21 PM
Don't forget Dodds and Franks contribution to the debacle! It's interesting that it's the left's drones who are suffering excessively from the leftist created housing collapse and STILL they're not smart enough to determine who is causing their misery! Hell, they voted for MORE of it!

I almost feel sorry for the Obama Administration’s spin doctors. Every month, they probably wait for the unemployment numbers from the Bureau of Labor Statistics with the same level of excitement that people on death row wait for their execution date.

This has been going on for a while and today’s new data is another good example.

As this chart indicates, the White House promised that the unemployment rate today would be almost down to 5 percent if we enacted the so-called stimulus back in 2009. Instead, the new numbers show that the jobless rate is 7.9 – almost 3.0...

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