The View From 1776
Friday, October 12, 2012
Despite the unofficial down-tick in unemployment, the real number remains north of 11%, counting the people who have given up trying to find a job. It’s a fact that there are fewer people employed now than when Obama took office; meanwhile the labor force has grown in numbers. Obama’s embrace of the mythology of Keynesian economics (the theory that more Federal spending will cure any economic problem) was a dismal mistake.
But look on the bright side. Obama guarantees that Big Bird can keep his job.