Friday, September 4, 2009

Contrary To "Stimulus Czar" Joe Biden's Claims, Unemployment Reaches 26-Year High!

Image courtesy of Heritage. Click to enlarge.



Joe Biden said yesterday that the "Stimulus" bill has already played a 'significant role in changing the trajectory of our economy'. Looks like Joe is correct as unemployment now stands at 9.7%, a 26-year high!




Remember the rush to pass the "Porkulus" was to prevent unemployment from soaring above 8%?

Newsmax also has the facts behind Biden's lies. "Biden's Claim of Stimulus Success Ignores Facts"

Bloomberg reports:



The U.S. jobless rate in August jumped to 9.7 percent, the highest since 1983, and employers cut another 216,000 jobs, reinforcing concern that consumer spending will slow even as the economy stabilizes.

The increase in the unemployment rate from 9.4 percent exceeded forecasts. The smaller-than-anticipated drop in payrolls was the least in a year, and followed a decrease of 276,000 in July that was larger than previously reported, Labor Department data showed today in Washington.

Rising joblessness underscores Treasury Secretary Timothy Geithner’s judgment that it’s “too early” to start exiting from the unprecedented stimulus measures helping stabilize the economy. AMR Corp. and Whirlpool Corp. are among the companies continuing to cut staff to lower costs and revive profits in the aftermath of the deepest recession since the 1930s.

“The labor market’s healing process is agonizingly slow,” Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York, said before the report. “We expect the improvement to remain a very slow one, and therefore for the household sector to be contending with a weak labor market for some time.”




Change you can crap on.

CRAPulus (krap-yuh-luhs)
noun, verb CRAPulized, CRAPuloused
1. Generational Theft Act of 2009
2. Congressional Radical Anti-American Pork (CRAAP)
3. Congress Ruins America With Pork (CRAP)
4. Congress Raped America People (CRAP)
5. Slang: Sometimes Vulgar.
a. nonsense; drivel.
b. falsehood, exaggeration, propaganda, or the like.
6. refuse; rubbish; junk; litter: Will you clean up that crapulus!
Verbs
1.crapulus around, Slang: Sometimes Vulgar.
a. to behave in a foolish or silly manner.
b. to avoid work.
2. crapulus on, Slang: Sometimes Vulgar.
a. to treat badly, esp. by humiliating, insulting, or slighting.
b. to cause misery, misfortune, or discomfort.
3. crapulus up, Slang: Sometimes Vulgar. to botch, ruin, or cheapen; make a mess of.



Here's the full official White House propaganda video:




One-hundred days ago, Vice President Joe Biden announced the "Roadmap to Recovery," a summer initiative designed to accelerate the Administration's recovery efforts. Today, at the 200-day milestone of the Recovery Act, the Vice President revealed just how we did on those commitments made at summer's beginning. (public domain) September 3, 2009.








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1 comment:

  1. That’s right. Unemployment is increasing day by day. Though there are job openings but still the case is very worse, since the companies are selective, and depending on the need, they take their time in finding the right candidate.

    ReplyDelete