The official government unemployment rate is 9.8 percent, the highest in 26 years, but when you factor in all those out-of-work Americans who have given up looking for non-existent jobs, the real unemployment rate in the United States is a staggering 17 percent.
After 10 months, it's clear that Barack Obama's "stimulus" package has failed to create any jobs. But Obama the lapdog Democrats in Congress refuse to change course in their failed employment policies.
From an editorial in The Pittsburgh Tribune-Review:
Change course
There is no shame in changing course to correct the nation's job losses. Yet President Obama and congressional Democrats have used the latest sobering jobs figures to advance government "solutions" and extend the public's dependency on them.
The economy has lost nearly 3.5 million jobs since Mr. Obama took office. And 750,000 additional jobs could vanish over the next six months, analysts say.
So much for Mr. Obama's vow of measuring his presidency by "accountability" and "results." Witness his $787 billion stimulus, which was supposed to hold unemployment to 8 percent.
Instead Obama has used the nation's job losses to pitch government health care. He blames, incorrectly, the cost of care for crippling the nation's employment. Congress, in turn, is employing all manner of government interventions.
But the longer government tinkers and spends, the longer it's going to take the U.S. to pull itself out of its own economic mire.
Spending restraints, tax cuts and less regulation drove the Reagan recovery and put Americans back to work. The same steps will work today.
So why does Barack Obama, the commander in chief of change, stubbornly resist it when his own "changes" obviously aren't working?
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