{"id":7903,"date":"2010-12-03T09:13:11","date_gmt":"2010-12-03T14:13:11","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=7903"},"modified":"2010-12-03T09:20:59","modified_gmt":"2010-12-03T14:20:59","slug":"obamanomics-failing-unemployment-rises-again-to-9-8","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/7903\/obamanomics-failing-unemployment-rises-again-to-9-8\/","title":{"rendered":"Obamanomics Failing:  Unemployment Rises Again to 9.8%"},"content":{"rendered":"<p>Moments ago, the Labor Department <a href=\"http:\/\/www.dol.gov\/index.htm#stats\" target=\"_blank\">announced<\/a> that the nation&#8217;s unemployment rate, which had stagnated at 9.6% for three consecutive months, actually rose to 9.8%.<\/p>\n<p>Alarmingly, this means that unemployment has now stood above 9% for 19 consecutive months, a <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703989004575652483381208608.html?mod=WSJ_hp_LEFTTopStories\" target=\"_blank\">post-World War II record<\/a>.\u00a0 Analysts had predicted 150,000 new jobs for October, but it turned out that <a href=\"http:\/\/www.foxnews.com\/politics\/2010\/12\/03\/jobless-rate-rises-percent-highest-april\/\" target=\"_blank\">only 39,000 were added<\/a>, far below the number necessary to reduce the unemployment rate.<\/p>\n<p>No American should take pleasure in others&#8217; blight, but we simply must face the fact that the Obama-Reid-Pelosi Keynesian economic agenda has failed, and a course correction is critical.\u00a0 In the 20 months since Obama signed the budget-busting $1 trillion &#8220;stimulus,&#8221; unemployment has only risen from 8.4% to 9.8%.\u00a0 In contrast, in the 20 months following the effective date of the Reagan tax cuts, unemployment <a href=\"http:\/\/cfif.org\/v\/freedom_line_blog\/7636\/latest-stimulus-report-card-unemployment-remains-9-6\/\" target=\"_blank\">plummeted from 10.4% to 7.3%<\/a>.\u00a0 The facts speak for themselves.\u00a0 It&#8217;s time for remedial free market action.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moments ago, the Labor Department announced that the nation&#8217;s unemployment rate, which had stagnated at 9.6% for three consecutive months, actually rose to 9.8%. Alarmingly, this means that unemployment has now stood above 9% for 19 consecutive months, a post-World War II record.\u00a0 Analysts had predicted 150,000 new jobs for October, but it turned out [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19,2132,102,1072,24,179,18],"class_list":["post-7903","post","type-post","status-publish","format-standard","hentry","category-posts","tag-economy","tag-employment","tag-free-market","tag-labor-department","tag-obama","tag-stimulus","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=7903"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7903\/revisions"}],"predecessor-version":[{"id":7905,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7903\/revisions\/7905"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=7903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=7903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=7903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}