Friday, December 03, 2010

Unemployment Rate Climbs to 9.8%

The failure of Barack Obama's economic policies is complete. The U.S. unemployment rate for November rose to 9.8% - with the number of unemployed Americans climbing from 14.8 million to 15.1 million.

All this despite trillions of dollars in federal spending to "stimulate" the economy and reduce unemployment.

Republican National Committee Chairman Michael Steele released the following statement today:
"Today's jobs report showing unemployment jumping to 9.8 percent only confirms that President Obama's agenda of out-of-control spending, higher taxes, and bigger government has the economy moving in the wrong direction. Despite the clear message sent in last month's elections, Democrats continue to ignore the American people by remaining focused on enacting a host of liberal priorities that will do nothing to create jobs. All the while, they have left a massive job-killing tax increase hanging over the heads of every single American family and small business, prolonging the existing economic uncertainty that has kept employers from hiring. Instead of continuing the same wish-list mentality that pushed through big government Democrat programs in the face of high unemployment and record deficits, Democrats should work with Republicans to start putting the American people's priorities first – getting our country back on a path to economic prosperity and making sure no one sees a tax hike on January 1st."

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