Obama Needs a Full-Employment Policy
The new unemployment figures are a stinging indictment of the Obama economic policy.
Standing now at 10.2 percent, the highest in 26 years, the rate is much worse than Obama’s advisers predicted.
And their song is getting tiresome.
They keep singing that the economy would be much worse off without the $700 billion stimulus.
But that’s no solace to the more than 15 million people who are out of work today.
You can’t tell a guy who got laid off that it could have been much worse for him? What are you going to say: You could have been doubly laid off?
You can’t tell someone who just lost her home that it could have been much worse for her.
It already is much worse for her.
And to keep saying that we’re saving or creating 3.5 million jobs, as the Administration contends, is no solace either when so many more people are out of work.
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