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

vicatman Wrote: Feb 02, 2013 7:08 AM
annfan...spot on,,,the dems created the bubble starting with bubba clinton when he signed the bill that gutted Glass-Stegal,,the talking heads say it had no effect,,they lie, clinton also signed a bill that totally DEregulated derivatives(MBS, CDS,CDOs) AND the bill that changed how fannie and freddie were regulated,,,allowing them to do pretty much what they wanted...W tried on many occasions to reign in fannie and freddie and EVERY time any bill was blocked by frank dodd and that idiot from la la land maxine waters...chris dodd even made the statement,,,if the regulations are changed for fannie and freddie the people that CAN'T afford a house wont be able to buy one.... the dems pushed subprime,

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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