Obamanomics and the stimulus plan is a huge success (not). Unemployment is now at 9.5%.
By the end of June jobs were lost in the following sectors:
1) Professional/Business 118,000 jobs lost.
2) Construction 79,000 jobs lost.
3) Manufacturing 136,000 jobs lost.
4) Durable goods and motor vehicle parts 27,000 jobs lost.
5) Fabricated metals 18,000 jobs lost.
6) Computer and electronics 16,000 jobs lost.
7) Mining 8,000 jobs lost.
Shall I go on ? Well lets just say the monthly losses totaled 467,000 jobs lost!!
Are we all feeling stimulated yet ? The rate is now at its highest in 4 decades. Now this is change you can count on! This is the change America asked for and the change it is getting. I just can’t wait for the full effect of Obamanomics if the socialist health care plan takes hold. Maybe once the feces hit’s the fan we can all pay in IOUS, ask California how that’s working out for them. We can get rid of the dollar and convert to the IOU.
Going from bad to worse counts as change.
Still in all, I hope no one expected a 180 degree turn in such a small amount of time. Of course, the really bad part will be the republicans making gains next time to counter the disaster that a filibuster proof democrat majority is now in place. I am not surprised it happened, but Al Franken? The man is a complete zero. He single handedly ruined SNL.