Unemployment in America is estimated to be at 9.8%, just inches away from 10%. The recession that has caused this high unemployment rate is considered the worst since the depression. The worst in 70 years.
Although the third quarter of 2009 is believe to be the start of a growing trend in the economy, it is hard to believe when looking at the extraordinaryly high unemployment numbers.
1 in 10 Americans do not have a job, more when counting the extremely under-employed. If laid-off workers that are working part-time and those that have given up looking for work for a bit are counted, then the number is estimated at 17%.
36% of the unemployed have been so for more than six months.
And as you read, listen and watch news about the economy pay attention to the numbers, dates and accusations that are thrown your way.
With the latest unemployment numbers released at the end of September, there are bound to be many doom and gloom stories in the media. It is after all on the minds of people, and so all sorts of opinions are expressed.
Some will come out and be optimistic, talking about millions and billions the banks and a few companies and corporations are making. Others will not be as optimistic and talk about unemployment, the housing market and retail sales.
Practically, one side will talk about industries doing well, another will talk industries doing horrible. That is to be expected.
What you will also hear are political opinions. Some will say jobs are on their way soon, since the banks and industries are still dealing with issues. Others will say there is too much government debt and it’s time for less regulation and more tax breaks and a new leadership in Washington.
This article is about being aware of the ones asking for the heads of Obama and Congressmen. Just be aware of what they are saying, and how they are trying to sway your opinion.
Right now, as stated previously, the unemployment is at 9.8%, the “worst since 1983”.
You are, more probably than not, going to hear that.
“The worst unemployment numbers in 26 years” or something similar to that, followed by accusations aimed at the White House about “socialist” policies and bail outs.
You might hear about the 17% number and be told it’s the worst since 1994, and then be told about incompetence in the White House.
The Bailout passed through so quickly that the Republicans still haven’t read it, promised protection from unemployment numbers this high, by 2010.
The “$787 billion stimulus package in February intended to "save or create" 3.5 million jobs by the end of 2010,” Reuters is reporting today, “could pose political problems for President Barack Obama.”
In 1983, Ronald “Raygun”, I mean Reagan, was President. He had been so for 3 years. Barack Obama has been President for almost but, not quite, 10 months. The last time the unemployment was as high, 1983, would the people that are asking for Obama’s head now ask for Reagan’s head then? After all Reagan was in charge much longer then than Obama is now.
Reagan was in charge for way more than 24 months, as opposed to the 10 Obama is.
The worst unemployment numbers since 1983 are a carry over from the previous administration. President Obama, in his inauguration, spoke to the nation about how long the recovery might end up taking. He never promised a better economy in 10 months. He didn’t even offer a promise one in two years.
Everyone has a right, understandably, to be outraged at the unacceptable unemployment numbers, considering I’m one of the unemployed.
But having that outrage directed only at the current administration, and not at industry and unethical practices, is a waste of the outrage.
The bailouts failure or success is supposed to be judge at the end of 2010. Not 8 months after the bill was passed, but 19 months.
Maybe for the Republicans it feels longer, but President Obama has been President for a little over 9 months. The bailout has been in effect for a little over 8 months. The economy has been in a recession for years, caused by economic policies starting in the 80s and others started before that.
People at right to complain about unemployment, but are they right to put the blame on purely Obama. Should the national debt be blamed on purely Obama? Should 9 months be as long a time any President be given to solve all our problems?
Or should we be worried about that high unemployment number and support our President and Congress in trying to solve this American crisis, instead of politicizing the unemployment numbers, as we have healthcare, the wars, school songs, prayer and fears?