Posted by antonsirius on 9/2/2011 8:40:00 AM (view original):
The 9-10% unemployment rate we've got now has been building for a decade. We saw declining job creation growth rates every single year Bush was in office, and it's gotten worse since the subprime derivatives crash.
From a policy perspective the federal government should have exactly two priorities right now:
1) Getting the private sector to start hiring again
2) Creating short- and medium-term jobs themselves until such time as the private sector gets their heads out of their *****
Anybody who stands in the way of those goals - say, for instance, a group in Congress whose only priority seems to be slashing government spending no matter what impact it has - does not have the country's best interests in mind.
You will always find some way to spin the numbers.
Unemployment was fine until 2008. The natural dip after the big surge just didnt go back up.
This is what everything shows. It was fine until the Dems took congress in 2007. That statrted a situation. Then when Obama was elected with all his promises and things kep getting worse and the failed stimulus and the Huge Obamacare bill led business to retreat.
Give business a reason to surge and it will.