September unemployment is 9.8 percent

[Schneed10]

Originally Posted by jsarno

HAHAHA...then what would you catagorize it as?

Unemployment rate IS POLITICAL people. WOW...to even suggest otherwise is well, blind.

For someone who supposedly has an MBA, you have a really poor understanding of economics. The President of the US and the public policy he sets has very little impact on the unemployment rate.

Since you're a fan of analogies, Obama trying to stem the surge in unemployment is akin to building a dyke out of bricks to keep out a 90-foot tsunami.

The stimulus at most could swing unemployment by half a %, and that's IF it's fully successful. But to blame the 9.8% on Obama or the stimulus is ludicrous and reeks of failure to understand economics.