I have never said a 50% unemployment rate was something good. What was good, was that all of these things have occurred in the order they were supposed to occur:
1 The stock markets (the main leading economic indicator) began to gain value when Obama was elected
1. The rate of job loss was slowed tremendously
2. GDP grew in consecutive quarters
3. Monthly gains in jobs occurred
4. More people are re-entering the job hunt because they now feel opportunity is out there, which causes the unemployment to take slightly increase.
The up tick in unemployment is a sign of optimism among job seekers.
In Nov. 2008, unemployment was at 6.7%, which was a new 15 year high. There were 10.7 million people unemployed. George Bush was still President. Republicans still had control of the Senate. So what does Nov. 2008 unemployment numbers have to do with Obama?? He wasn't President!
Even still, 10.7 Million to 15.7 million is not a 126% increase. Again, nowhere near it.
As I said before, if you wanna keep playing this game, Ill play..
Re: Hmmm........
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