The Recovery is Here!*
By Johnny Roosh
Obama’s Stimulus is working!*
Bernanke is a God! …where would we be had the government not intervened?! (!?!?!?!!)
One doesn’t usually turn to old TV shows for economic insights. Yet the best way to put the Fed’s role in the recent crisis in perspective is by recalling an episode of The Beverly Hillbillies — the one in which Granny convinces everyone that a spoonful of her medicine can cure the common cold. Sure enough, it can: It just takes between a week and 10 days.
Things are awesome, save the fact (or should I say “selective amnesia” Mr. President?) that unemployment is still rising.
Unemployment rose in 27 U.S. states in August, with California and Nevada reaching record levels of joblessness.
Rhode Island rounded out the list of states with the highest level of unemployment since data began in 1976, the Labor Department reported today in Washington. California’s unemployment rate reached 12.2 percent and Nevada’s climbed to 13.2 percent.
Ah, 1976. The last time we had a President so utterly incapable of understanding economics, banking, markets, business management, money, or math.
*No, it aint.
September 18th, 2009 at 3:32 pm
Watch for liberal-progressive-democrat supporters of President Obama try to explain that “the recession is over” but we still have double digit unemployment.
New mantra “It’s jobs, stupid!”.
September 18th, 2009 at 7:31 pm
I recall 2004, and Bush v. Kerry. The libs hammered on GWB because jobs weren’t growing fast enough, and they were “mostly jobs at Walmart.”
September 22nd, 2009 at 8:35 am
Technically, Carter didn’t take office until 1977, though I’m no fan of Jerry Ford, either.