Obama, the most brilliant, the smartest, the wisest president ever–has helped to push Cincinnati’s unemployment rate up another notch.
Cincinnati, with a great balance of industry, usually weathers recessions rather well. It takes a special talent to push the Cincy metro area’s jobless rate close to 10%. And for doing just that, We in Hell salute President Obama.
Greater Cincinnati and Northern Kentucky’s regional unemployment rate crept up slightly to 9.6 percent in October, according to data released this morning by the Ohio Department of Job and Family Services.
But more important, the area lost 4,800 jobs during the month, continuing a two-month trend of major cutbacks at area businesses and lowering the area’s workforce below 1 million for the first time in nearly seven years. Read more….
Just think, Obama can do to health care what he has done to jobs in Ohio:
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Tags: Cincinnati, unemployment
One Comment to “All Praise Obama’s Brilliance: Cincinnati’s Unemployment Rate Climbs”
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Just like in the 1930s, when a Democratic president had to clean up the economic mess left by a series of corporate-shill Republican presidents, Obama has to deal with the economic carnage left by the irresponsible, supply-side, deindustrialization, anti-labor/outsourcing, borrow and spend policies of the great conservative god Reagan, Daddy Bush and his buffoon son.
You may mock him, but this guy helped save this country from totally sliding into a second great depression. If we had followed the economic “wisdom” of the Club for Growth types, the American auto industry would have been decimated (image the job losses in the midwest had we let General Motors go down the toilet), and even many conservative economists agree that the only reason we had net growth last quarter was because of the stimulus package and Cash for Clunkers.
As in the 1930s, progressive Democratic policies will eventually spur sustained economic and job growth (by the mid 1930s, unemployment had been cut from 25 percent to 15 percent).
With Democratic health care reform, the CBO estimates that we are going to save several hundred billion dollars over the next twenty years, while covering between 94 percent to 96 percent of the population (with even greater savings if we had a real, robust public option). The Republican alternative? In the Senate, no alternative plan, only mindless obstruction. In the House, Boehner was able to leave the tanning both and golf course long enough to offer that embarrassing plan which would actually leave more people uninsured after a decade.
BTW, how in the hell could the Bengals lose to the Raiders?
Happy Thanksgiving!