Friday, August 06, 2010

16.5% US Unemployment and those on Part Time Jobs

Fox News: Reports that the unemployment rate is at 9.5% but combined with those in part time jobs but want full time jobs is at 16.5%. Thus the question is why the private sector is not picking up, the simple answer folks is the Obama Administration, President Obama wants to allow the Bush 43 tax cuts to lapse, also Obama has increased tax on business by his health care plan, the bailouts of the banks and the car industry has placed trillions on the US debt. Obama is his own worse enemy, his own arrogance wont, or cant allow him to see that he does not understand economics, he is the wises fool in US Political History.

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