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Thursday, July 02, 2009

Obama Kills Another 467,000 Jobs

Obama continues to destroy jobs - last month Obama killed another 467,000 jobs in the private sector, bringing the unemployment rate to a new 26-year high of 9.5%. Perhaps he should revise that chart that he used to sell his "stimulus" plan that showed unemployment only reaching 8%. I suppose that's what happens when a man who never worked in the private sector tries to forecast economic growth...

And assuming the ObamaCarbon Tax and ObamaCare bills pass, it wouldn't be surprising to see unemployment hit 12%. While big businesses can handle health care premiums, a lot of mom and pop businesses will likely fail, as RedState points out.