Freedom Line Blog

Remember when the Obama Administration promised that, if we only passed his potent “stimulus” plan, unemployment would top out at 8%?  In contrast, according to Obama, if the American people foolishly refused his master plan, unemployment might rise as high as 10%?

Well, this morning, the U.S. Department of Labor provided yet another wakeup call and simple math lesson to Mr. Obama.  Unfortunately, the unemployment rate has now risen to 10.2%.  Worse, Obama’s ineffective “stimulus” has only exacerbated the problem by adding to our unsustainable federal debt and creating a forward-looking business climate that is inhospitable to creation of new employment and enterprises.  Something to keep in mind as Obama issues new promise after promise regarding his healthcare, carbon cap-and-tax and other agenda items.