WASHINGTON (CNN) - The U.S. unemployment rate rose to 10.2 percent in October, the Labor Department said Friday.
It's the first time the unemployment rate has surpassed 10 percent since 1983.
Full story from CNNMoney.com
10.2 percent, great job Dems.
Let them pass the healthcare bill and Cap and Trade bill and watch it go even higher.
Change you can believe in.
P. S. your employer pays into the unemployment, not the employee.
No supriseNo suprise.....spin that Obamatrons
Jobs are created by business not government. So the blame for high unemployment, especially in an ecomony supposedly improving, needs to be directed at business not at the administration. The federal government, both at the end of the Bush administration and at the start of the Obama administration, has provided a little over $1 trillion dollars to the economic sector. Pretty much without any strings. To do with it what they please and unemployment is still rising. The only jobs the federal government has direct control over are in the military and government agencies. The general public is firmly against "bigger government" so adding bodies to government agencies is out of the question. Without a draft adding bodies to the military cannot be done. So, if you are peeved at rising unemployment, call your neighborhood bank, your investment broker or someone else that has been provided "bailout" money from the federal government and ask them what they are doing with it.
I "hope" that the employment outlook will "change" for the positive.
And in 2010 when we get rid of the Dems in Congress, it just may.
"Under my stimulus plan, unemployment will be no greater than 8 percent". Bull. 10.2 percent, Mr. President. What else have you lied about? What else has your little Chrystal Ball been wrong about. People, it's time to stop handling Obama with kids gloves. If Bush, or even Clinton had made a promise that unemployment wouldn't reach 8 percent, and it hit 10.2, everyone, dem's and republicans would be screaming. Wake Up everybody. This man is not who he said he is.
We need to add a lot of politicians to the rolls of the unemployed. Oh wait, then they'll just become over-paid lobbyists. Oh wait, they already are..........
As it relates to Obama: "What he say he will do, he don't do; and, what he say he don't do he does"! Obama is making this country less secure, getting our troops killed, has our military "infiltrated" with our enemies, is anti-American, and is going to get us all "incinerated". For the good of the country, Obama should "RESIGN"!
I believe the constant reporting of how bad the economy is has
the people so scared they will never start to spend again. You guys need to cool it.
Whoops. Thanks Obama.
I guess feel-good economic policy doesn't really work. Sure was hoping it would....