Unemployment 9.8% Highest in 26 Years

Obama Economics

V.P. Joe Biden upon receiving word today that the Unemployment rate hits a 26 year high and stands at 9.8% said, “The first quarter of the year we were losing jobs at an average of 700,000 jobs per month, month after month…in the Quarter that ended this week the loss was 250,000 jobs per month two-thirds less.”

That is something to write home about?

Back in the day—one month ago, Joe Biden was telling us how Obama’s Economic Stimulus was working better than expected and the “plan has created or saved 500,000 to 750,000 jobs.” Really? Where do those numbers come from?

When Jimmy Carter was President unemployment during his watch was 7% many believe that Carter was the worst President in the 20th century.

The real unemployment rate hits 17% in September 0.2% higher from August which includes Americans who have stopped looking for work or who can not find jobs.

If Carter was the worst President in the 20th century, what does that make Obama?

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