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                                             Friday, October 02, 2009

  The Obama Economy Continues Crashing
 
When you mindlessly bought into Barack Hussein Obama's empty mantra of "Hope and Change," being forced into selling pencils on a street corner wasn't exactly the type of "Hope" and "Change" you were expecting. But that's what pulling the lever for a fraudulent, racist, anti-capitalist incompetent with absolutely no successful executive experience has effectively brought to millions of your countrymen, and possibly to you.

The highly-massaged official US unemployment rate now stands at 9.8 percent. Two hundred sixty three thousand more Americans have now been tossed out of work. Before the figure was released, the analyst consensus estimate was closer to 175,000.

But never mind the errant analysts, or the official figure of 9.8 percent. The actual, on-the-ground unemployment rate, which includes those who have given up trying to find employment and also those now forced into part time work only, is around 17 percent. That's right, 17 percent.

We are now at the highest unemployment rate of the last 26 years. Hope! Change! Yes We Can Go Broke!

Now correct me if I'm wrong, but when Obama and crew rammed the obscene stimulus bill through their Democrat-controlled Congress, did not Obama promise that the unemployment rate would not pass eight percent before it would begin heading downward?

I predict that America will see an "official" unemployment rate close to 11% within the next year, and an actual rate of close to 20 percent.

Let's face it: The only things Barack Hussein Obama is proficient at are bashing America on the world stage, sucking-up to America's enemies and reading speeches written by a 20-something speechwriter, off a teleprompter.

Jimmy Carter must be breathing a sigh of relief. By the time Obama leaves office in 2012 -- if not sooner -- Carter will no longer have to endure the title of "Worst President Ever."

|                                               Posted by Rocco DiPippo @ 12:28 PM

     
     
 
 
       
 

 

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