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September 04, 2009

Funemployment is Spreading; Now at 9.7 Percent!

Unemployment is at its highest level since June 1983. Obama's spendulus and all its shovel-ready jobs really helped.

Click for Geoff's latest unemployment chart.

To coin a phrase, let me be clear. I am not celebrating the unemployment rate. It sucks. It's a bad thing. And it demonstrates how poorly the President has handled the "Great Recession".

He talked it up. His allies in the media moaned about a Second Great Depression. He scared the crap out of plenty of folks, all so he could pass his spending bill. His spending bill filled with all the pork and waste and gross excess that the Democrats had pent up over the Bush 43 years.

So when I joke about "funemployment", I'm not celebrating. I'm pointing out that the President is a GIANT FAILURE on this, as he is on so many other issues.

Geoff's great chart demonstrates the same thing. Obama, Mr. Genius, Mr. Worshiped in His Own Head (warning don't click that link if you want to keep your lunch) missed the mark.

And he didn't just miss it by a little. He missed it by a whole heckuva lot. This is the man who wants to talk to your kids on Tuesday. This is the guy who can't stop campaigning and actually sit his butt down in the Big Chair in the Round Room. This is a weak president.

More: Meanwhile, via Slublog, the Vice President is going around boasting that the spendulus worked! He's pulling a magic 750,000 jobs "created or saved" out of the air, though I'm sure the "President's Counsel of Economic Advisers" will surpass even that estimate when they issue their report next week.

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posted by Gabriel Malor at 09:38 AM

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