Friday, November 06, 2009

Jobless rate surges to 10.2 percent

WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

Unexpectedly? Economists have been saying for months that we had not hit bottom yet. Why is the media not speaking to them? Why speak to the government for information on these issues, they apparently don't know. Instead of focusing on Health Care Reform, which will not add jobs, how about focusing on lowering taxes which will increase jobs; it's simple really, when people have more of the money that THEY have earned they will purchase more products, which in turn will bump up demand, which in turn will demand more production, which in turn will make business owner's hire more employees to make those products...yes, actually it is that simple, history shows us that. Instead we have men and women who absolutely know NOTHING about owning a business making decisions and increasing our taxes, BRILLIANT!

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