The 'Summer of Recovery' continues on unabated. 


The latest unemployment numbers are in and, not surprisingly, they are, in the words of the Fed from the previous post) 'disappointingly slow'ER than the 9.6% rate in November. The current unemployment rate now stands at 9.8% according to the latest report. Net job growth was a less than anemic 39,000, far less than the previous months ho-hum numbers.

The Democrat answer? Also not surprising: More government spending and raising taxes on 'the rich'. Because, as everyone knows, increasing taxes on 'the rich' inescapably leads to increased hiring.

If the election results are any indication, the majority of Americans understand that Obamanomics is a dismal failure. It is to be hoped that liberals will come around to that same understanding, the sooner the better.

later. iowan15

Edited 1 time by iowan15 Dec 3 10 3:45 PM.