In Over His Head - Unemployment Hits 9.7%

"We gather because we have chosen hope over fear" - Barack Obama, Jan 20

"A failure to act, and act now, will turn crisis into catastrophe." - Barack Obama, Feb 4

On January 9th, the Obama team released "The Job Impact of the American Recovery and Reinvestment Plan" predicting that without a stimulus plan, unemployment will reach 8.5% . With the stimulus, they predicted unemployment peaking at just under 8%. He also pledged the creation or saving of 3 million jobs. With the help of the mainstream media and a good deal of fear mongering, Obama talked us into spending $787 billion and we were rewarded with 8.9% unemployment in April. Stooges like Charlie Gibson, Lester Holt and Lisa Myers jumped on board, repeating the White House's flimsy and fabricated "saved jobs" claims.

Which takes us to today, and 9.7%. How many more times will we have to listen to Biden excuses like "The truth is, we misread the economy", or "I want to be clear about something: Less bad is not good." Becoming used to lowering expectations, Obama himself is now predicting unemployment will pass 10% this year.

So we spend $787 billion and we still go over his projection by nearly 30%? Along with the $2 trillion he added to the budget last month? Why wouldn't we trust him with health care?