Posted on 07/28/2010 2:07:04 PM PDT by Andrea19
A year after Congress passed President Obama’s $787 billion stimulus package the U.S. unemployment rate remains a staggering 9.5 percent, while the economy continues to shed jobs. Although the unemployment rate dropped from 9.7 percent to 9.5 percent last month, this was largely due to more people dropping out of the labor force. 650,000 people left the labor force – when they re-enter, unemployment will rise...
(Excerpt) Read more at workerfreedom.org ...
Double dip nonsense. There never was a recovery.
actually many of those “drop outs” may never re-enter the workforce. What i see happening is people who were previously planning to retire at 65 going ahead and retiring early at 62 and taking the social security, because it pays more than unemployment benefits. This may be one reason that the SSA is running a deficit years earlier than previously expected.
Many of the other “drop outs” may be people working “under the table” and they again may stay that way for a long time and appear to never re-enter the workforce. Once you start cheating the system it might be hard to stop.
Obviously our president is pleased, since he wants to bring the USA down and make everyone dependent on government.
“Double dip nonsense. There never was a recovery.”
There was one only if you felt it happened. Was it as good for me as it was for you? LOL!
“remains a staggering 9.5 percent,”
Uh, no. You can’t have more and more people out of work but keep the unemployment number the same. That’s just pure communist propaganda.
How much of the “recover” was actually Census hiring?
actually, given how many vactions this POS and his POS family the headline should read
OBAMA PUTTS THE WHOLE MONTH
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