Friday, October 08, 2010

No change, No hope, No jobs

The Department of Labor announced Friday that the United States economy shed an additional 95,000 private sector jobs last month. The national unemployment rate remained at 9.6% despite Barack Obama's promise that it would not rise above 8% once the "stimulus" spending was approved. So what happened?

More than 15 million Americans remain unemployed and another 10 million are underemployed as the Obama Recession heads into its 20th month.

Republican National Committee Chairman Michael Steele released the following statement:
"Seventeen consecutive months with higher than 9% unemployment represent the final verdict on the failed economic policies of this White House and the Democrat Congress as voters head to the polls. President Obama and his left wing allies on Capitol Hill have spent trillions of taxpayer dollars with nothing to show for it but a mountain of crippling debt and chronic joblessness. 95,000 more jobs lost provides further evidence that their agenda of more spending, higher taxes, and bigger government is only fueling more economic uncertainty and making it harder to put Americans back to work. After nearly two years of weak leadership and broken promises, the American people will go to the polls in less than a month and reject this Administration’s economic mismanagement."

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