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
Former President George W. Bush, former Vice President Dick Cheney and their whole cadre must be so very, very proud of themselves for the wonderful state their policies have left our nation.
Why is it that there is no accountability for former presidents?
Obama and his stimulus plan, another failure of his. Lets vote this bum out in 2012 while we still have a country left.
Probably by 30.2% if Mc Cain and Palin had moved into the White House!
Unfortunately this was expected. This is ridiculous. This is unacceptable and it needs to be fixed. I thought the $757 billion stimulus package that was passed was going to keep the unemployment rate @ 8% as stated by the White House? That clearly did not happen and yet Liberals shake their heads in agreement everytime the White House speaks.
Gee CNN, This is headline news everywhere else. One line? Come on.
Are you afraid god might punish you for reporting it?
Bobo, if you truly love America, please resign and walk away now and let someone take over who has, at least, somewhat of an understanding of what to do to get America back to prosperity. I truly hope that all of you who voted for this fraud understand the grave mistake you made. Please investigate your candidate before you vote for them, and don't just vote for a party. 10.2%!!!!! What a catastrophic and historic mess. This is not the previous admins mess, this is Bobo's and his alone. He took a down econonomy and completely destroyed it. This is all on him. No one else.
Say it isn't so.
The spending bill was supposed to keep it under 8%.
Let's see the response
1 It's Bush's fault
2 Only part of the money has been spent
3 It's the republican's fault
4 Oh yeah, it's Bush's fault
5 It's the corporations fault
What we do know is it could not possibly be obummers fault.
He's done more in 9 months than any previous president did during their terms of office. LOL!!!
I wish I could think of 1 positive thing he's done, or anyone else could.
He can't even make a decision and hides behind saying the intelligent thing to do is weigh everything but sometime, somewhere, he actually has to make a decision, That's what a president does!!!
don't worry they will get to it soon, if you look at the stimulus spending they haven't really made a dent yet, but don't worry the majority of the money is coming! election quarter 2010 and election quarter 2012 !!!!!! you can't make this stuff up !!!!!!!
That's the change we can believe in.
Roland one of the commentaors here wrote something I finally agree with . President Obama cousin pookie needs a job!!!
So what is the REAL unemployment rate i.e. the rate calculated by including those who have quit looking for work and those who are underemployed? I'm guessing it's 20%. Hurry up and get here 2012 so we can vote Obama out before the economy is ruined byeond repair.
President Obama insisted the stimulus would keep unemployment under 8%, and we all know our Dear Leader would not lie to us!
Well, at least this might stop to flow of illegal aliens into the US. With all the jobs that went to Mexico, I think soon there will be a day when Mexico starts to deport illegal Americans crossing their boarder, looking for work.
You think it's bad now? Just wait until the IRS puts a lean on your house because you couldn't afford health insurance.
It's the economy stupid! Obama must deal with the economy and jobs first and wory about ObamaCare / his political clout later.
Please Mr Obama?
My tuition has increased, the cost of text books has increased; my full-time job has become my part-time job, I have no health insurance. What a mess!
As such, now would be a bad time to add to the costs of employing people. Namely, requiring employers provide health insurance (ie a service plan), and paid sick time (getting paid not to work, which would encourage employers not to hire until after flu and cold season).
The thing to do would be to encourage domestic PRODUCTION, as opposed to service and government jobs. I like the idea of domestic, renewable energy. I just do. But I'd rather burn oil we harvested than oil harvested by people that really don't like us too much.
Oh I thought if the President passed his stimulous bill, the unemployement rate wouldn't go above 8%. What happened Obama? Can we get a refund on the stimulous dollars already wasted since they didn't work?
Well, Nobama, what say you?? You can't blame Bush now.
You wanted change? You got Jimmy Carter II.
10.2%???????? Wait, I thought the emergency stimulus was promised to keep unemployment below 8%???????
Another promise broken.
Don't worry, blame Bush. I suspect he will still be blamed for all kinds of stuff in 2012...
Let's face it....what specifically has the current administration actually achieved beyond the rhetoric??? The truth? not much at all.....
Thank goodness we are 1/4 finished with this disaster.
Before this administration and Congressional drones claim this was an inherited problem and blaming the previous administration, let the record show that the focus of these folks has been the government-takeover of health care, Cap & Trade (read: just another tax), and the un-enforcement on illegal immigration! After 10 months of a spending orgy, isn't it about time they take responsibility and start focussing on unemployment? I can assure you that we taxpayers will be focussing on the unemployment of these thieves in 2010 and 2012!
But it would have been 15% without Obama's superpowers.
The Liberals are so concerned with their longterm policy changes that they are annihilating their own 2010 and 2012 hopes.
Cool, lets take on more debt, pass that health care boondoggle, start importing illegals so we can support them too, lets get some homeless people with no jobs and give them mortages so a few more savings and loans can go belly up.
RUN THEM PRINTING PRESSES non stop, there's always more paper..