Just three days after the official unemployment rate again rose, Obama uttered the following deluded statement, (hat tip to Infidel Bloggers Alliance):
President Obama signed the American Recovery and Reinvestment Act on Feb. 17 2009. His top economic adviser, Christina Romer, had reported that the act would prevent the national unemployment rate from reaching 8 percent.The stimulus did not do what it was supposed to do. Nevertheless, Obama scolds us and tells us it's time to "eat our peas." He willfully ignores the economic reality that, according to CBS News, today's chronic unemployment rates are the highest since the Great Depression.
About the real unemployment figures:
Merely counting those who apply for unemployment benefits as “unemployed” does not fully account for everyone who is out of work or underemployed.Time to rename the following "Obamaworld":
The total number of people who were truly unemployed in June was 25.3 million -- the 14.1 million who were unemployed, the 2.7 million who were marginally attached to the workforce and the 8.6 million who were underemployed.