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Mike's America

Welcome to Mike's America, a view of news and opinion that has caught my attention. You're welcome to share your thoughts by commenting on posts.

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Name: Mike's America
Location: Hilton Head Island, South Carolina, United States

Currently living in the South Carolina Lowcountry, Mike has taken a keen interest in politics and government since his days as a young whippersnapper in Ohio. There, he organized College Republicans clubs, worked as a professional staffer on two statewide campaigns and was elected to the Delaware County Republican Central Committee among other achievements. In 1986 he began graduate studies in government at Columbia University where he specialized in National Security matters under the tutelage of former National Security Advisor, Zbigniew Brzezinski. Leaving New York in 1988 he moved to Washington, D.C. to become a White House Intern in the Political Office of President Ronald Reagan. With backing from the first Bush Administration he spent four years at the Environmental Protection Agency. He has lived on Hilton Head since 1996 where he writes, photographs and gardens.

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Thursday, July 02, 2009

Unemployment Continues to Skyrocket as Obama's Stimulus Plan Fails

Remember the CBO warning that Obama's plan was worse than doing nothing? They were right!

Thursday news that employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent.


I've updated this chart:

Photobucket

The original chart (minus the actual unemployment figures in red) is from the Obama's transition team and was used as a scare tactic to insist that disaster would fall on us if we didn't agree to Obama's spending spree.

Reminder: All of the economic forecasts, budget projections and deficit outlooks are based on rosy assumptions by the Obama economic team that have now been proven to be completely false! That means things are likely to be even worse than we originally feared!

posted by Mike's America | 7/02/2009