The Department of Labor released new employment numbers Friday that show 263,000 jobs were cut in September, driving the U.S. unemployment rate to 9.8 percent. The report wiped away any hope of job recovery this year, the New York Times concluded, and suggests high unemployment levels could remain through next year or longer. More than 15 million Americans are now unemployed after two years of steady job losses every month.
Have we not been in this situation before? The Jimmy Carter Administration!
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Alwayspissedoff@something
11:09AM Oct 2nd 2009
Don't let go your ankles just yet folks..the Obama Express has not come to a complete stop.
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johnm8948
9:10AM Oct 2nd 2009
I guess its time for another stimulas package??????
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rthompson1329
9:41AM Oct 2nd 2009
jobs not health care dummy
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redpandafan
9:49AM Oct 2nd 2009
This is really serious. Maybe obama should be spending more time and effort on fixing our economy, and less time traveling the world and pushing his self-serving ideas about our health care. I think he must know that he's only going to get one term, just like Carter, and is determined to have as much fun as he can, on our money, while he has the chance. On second thought, maybe it's better if he leaves the economy alone. If his ideas for the economy are as bad as his ideas for our health care, we're better off without them.
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harrell333
12:07PM Oct 2nd 2009
Some excellent points of view on here.
Obama,, being the absolute coward he is sends "Joe,, know nothing goober Biden" out to discuss the bad news of the day. Obama's on tv daily but there's a bad glitch on the radar screen that he can't cover up so he sends his lackey out to face the American public.
Rest assured people,, any stabilization this economy has done so far has been from within companies due to belt tightening. Organic growth is an impossible feat when business is in the grips of fear of what this radical administration might do next.
Small business WILL NOT HIRE & will continually lay off waiting for the next shoe to drop with higher taxes in a failing economic environment.
At best,, we've reached a stabilization point for the time being only through the determination of American business to hold the bottom line. There will be no real job creation under the guise "that all things come free"!!
This weak gened hillbilly administration never had any real priorities to put the economy back on track. They instead implemented 100% their agenda leaving everything else to chance.
Green jobs my ass,, a trillion $$ health bill while we're in the middle of economic disaster. This cycle of joblessness has every chance of reigniting another wave of foreclosures (7 million by estimates in the wings) that will undo every single aspect of stabilization that's in place.
They need to be approaching mainstreet business with calm resolve assuring them the gov't is behind them with tax cuts in place. Without small & large business alike knowing their profits aren't going to be ripped away from them,, the jobless numbers will continue to increase.
Yeah,, he's totally aware already he's a one termer,, we've got a perfectly good reason to be outraged with his secondary handling of matters. The dreamers & do nothings that voted this guy in have sold out the country. This radical transformation of our entire structure is the worst possible scenario during a time of economic stress. There should have been only one major point of emphasis with this administration,, put people to work,, increase tax revenues & then play around with your silly ass left leaning priorities!
Sorry for the rant,, I'm pissed!!
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jimwzdp
9:50AM Oct 2nd 2009
So how is that "Hope and Change" working out for you?
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lrorlan
9:51AM Oct 2nd 2009
What happened to all those shovel ready projects, the President promised would get promptly underway after the first round of stimulus funds were distributed? It was supposed to prevent the unemployment rate from rising to 10 percent. Obama the Immaculated is too busy trying to control every aspect of American's lives from health coverage to what we wipe our back sides with. Oh ya, he, his wife and Oprah are sacrificing themselves on the alter of the Olympic Committee in Copenhagen this week. Meanwhile, military spouses and mothers are crying themselves to sleep worrying about the lack of support their loved ones are getting in Afghanistan.
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Charles Queen
9:51AM Oct 2nd 2009
Don't ya just love how the puppet admin keeps trying to say the economic slump has peaked and is on the rebound?Nothing could be further from the truth though and this shows
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bonbon
4:29PM Oct 2nd 2009
just ask the food banks, or food pantry's, or the soup kitchens, if you really want to know how people are suffering.
or see the number of people applying for food stamps, or for HEAP
and with annual fuel cost to rise to 1700.00 a household or higher, we who live in the colder areas are wondering where the hell the money is going to come from.
Another stimulus yah right,
I still maintain had Big ZERO given that money directly to those earning 250,000.00 a year or less. or on disability/social security. we could have stimulated the economy,
and his wife had the audacity to say Bush's stimulus check's were not big enough, while her husband gives us half that amount, from our own earnings, that was divided into weeks, not even a lump sum. BY THE WAY HOW IS THAT HELPING. is it making life easier, that whole 8/ 16 a week.
and we all will see less money this tax season, and many of you will not figure out why.
things would be much better right now. and if he had put a cap on everything, to give those people an even playing field that is.
I hope no one freezes to death this winter, when they cannot afford to buy fuel.
makes you wonder will the "royal" family keep their thermostats down real low, or will the oval office remain warm enough to grow orchids, like it did last year. or maybe we should all give them a day off from being criticized, after all THEY lost the bid for the Olympics. haven't they suffered enough.
no not hardly
my heart goes out to parents who cry because they do not have money for food, shelter, and warmth.
again those of you who voted for this man, we all got what you voted for, thanks for nothing.
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beckjr2000
9:53AM Oct 2nd 2009
There is no suprise here except the loss of Government jobs. This administration is not concerned with jobs in the private sector unless they are union jobs. Every bill and every proposed tax or fee coming out is anti-business. Green jobs to be created will be at best be semi-skilled labor and will destroy at least two good jobs for each one created. God help us all!
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donnal777
10:00AM Oct 2nd 2009
Uh, what was that again, Mr. President? You said earlier this year that if we did not pass this monstrous stimulus package right now, unemployment will go above 8%. Well, you shoved it down our throats with the help of Olymoia Snow and Benedict Arlen. Now unemployment is close to 10%. Why would we believe anything this guy says? He is so obvoiuosly an enemy of the American people who elected him!
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donnal777
10:03AM Oct 2nd 2009
You're right, he's even worse than Carter, if that's possible. Carter and his race baiting untrue comments. What a moron! Obama makes even him look better!
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donnal777
10:05AM Oct 2nd 2009
Wonderful point of view.Well said. Isn't it disgusting that they are getting away with this? It's treason in my opinion. At least Bush gave the generals what they asked for because they know what they are doing! I hope to God this president doesn't get us all killed!
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rthompson1329
10:09AM Oct 2nd 2009
I believe unemployment to be more like 12% but so who's counting right. So when we all suffer stress from job loss we will have a government health care for free that none of us will have to pay for and will not raise taxes which is a good thing because there will be less taxes with less working.
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rthompson1329
10:21AM Oct 2nd 2009
BO and his whole crew of croonies are nothing but liars they always have been they always will be. The sooner Bo is out of office the sooner america can begin to recover from all this turmoil. we need someone with real business smarts to run this country and that's not BO or any of the croonies he has hired !!! he is way worse that jimmy bob carter ever was.
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daballofire
11:45AM Oct 2nd 2009
This happens every time the lefties take over the purse strings of the country in November 2006. With Remember Pearl Harbor and Remember 911 we also have Remember Jimmy Carter and
Remember Barack Husein Obama
Ummm....Ummm....Ummm.....
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daballofire
11:49AM Oct 2nd 2009
At lest the International Olympic Committee told Oprah, Obama and Obama to stuff it. Sadly, half of America is insane and couldn't tell their messiah the same.
They will next time. The IOC is starting a trend I think.