How much worse does the economy have to get before people realize 0bama and his goons in Washington are up to no good?
WASHINGTON (Reuters) - U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.
The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.
Analysts polled by Reuters had expected non-farm payrolls to drop 180,000 in September and the unemployment rate to rise to 9.8 percent from 9.7 percent the prior month. The poll was conducted before reports, including regional manufacturing surveys, showed some deterioration in employment measures.
The government revised job losses for July and August to show 13,000 more jobs lost than previously reported. Preliminary annual benchmark revisions, released together with September's employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000.
So what is His Holiness doing wrong?
(1) 0bama's 'stimulus' bill is diverting hundreds of billions from the private sector to inefficient pork projects that wikll have little or no benefit to the economy.
(2) His planned 'cap-and-trade' will add billions in taxes to businesses and consumers in order to solve a nonexistent global warming problem.
(3) His plans to nationalize the health care system will also harm the economy and make it difficult for most people to obtain decent health care.
(4) His plans to give amnesty to 12 million illegal aliens will allow them to continue taking jobs away from law-abiding American citizens and also entice millions more illegals to enter the USA. Also, the illegals have driven down the wages for unskilled labor.