Friday, August 17, 2012

The True Obama Legacy: A Widespread Misery

Unemployment is up in 44 US states.  No Improvement seen nationally in 2012.

Unemployment jumped to 8.3 percent in Alabama from 7.8 percent in June, and climbed to 7.7 percent in Alaska from 7.2 percent, today’s report showed. Nevada, where the rate rose to 12 percent from 11.6 percent, remained the state with the highest level of joblessness in the country.

Rhode Island, at 10.8 percent, was second, followed by California at 10.7 percent.

North Dakota had the lowest unemployment rate in the nation, even as it rose to 3 percent from 2.9 percent the prior month.

Two states, Idaho and Rhode Island, showed a drop in their unemployment rates. Joblessness was unchanged in four states.

Unemployment in New York rose to 9.1 percent, the highest since 1983, and payrolls dropped by 3,700 workers.

The jobless rate has exceeded 8 percent for 42 consecutive months, the longest stretch in the post-World War II era. _Mish
Exactly as predicted by Al Fin back in 2008, the legacy of Obama's policies has been a reduction in opportunity, jobs, and income. It is becoming more difficult in the US to find jobs, to buy a house, and to support a family.

If Americans re-elect this incompetent clown poseur of a president, they will deserve their increasingly desperate future.

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