Friday, September 04, 2009

Unemployment now at 9.7 percent

"The Recovery Act is doing more, faster and more efficiently and more effectively than most people expected." Vice President Joe Biden, September 3, 2009.

Oh really? Remember, President Obama and his backers emphatically stated that if the $787 stimulus bill passed--which it did--the unemployment rate would not rise above 8 percent.

This morning the Department of Labor released its latest employment figures; the unemployment rate has climbed to 9.7 percent, the highest in 26 years.

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