Nov

So if the Stimulus Created or Save 640,000 Jobs, Does that Mean…

Does that mean Obama’s Stimulus, aka the Recovery Act, destroyed or obliterated 580,00 jobs in October?

The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm
payroll employment continued to decline (-190,000), the U.S. Bureau of Labor
Statistics reported today. The largest job losses over the month were in con-
struction, manufacturing, and retail trade.

Household Survey Data

In October, the number of unemployed persons increased by 558,000 to 15.7
million. The unemployment rate rose by 0.4 percentage point to 10.2 percent,
the highest rate since April 1983. Since the start of the recession in
December 2007, the number of unemployed persons has risen by 8.2 million,
and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)

Obama has no clue what it takes to get an economy moving again. Appearing on television every single day is not a policy. His presence will not make the market rise.

Marxism failed in Russia, it failed in China, it failed in Eastern Europe, and it is failing in the U.S.

I think this Bob Hope clip pretty much sums up the leadership skills of the Democratic economic brain trust (hat tip Jay):

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