We were told if we pump 787 Billion dollars into the economy in the dead of night in early 2009 we would never see unemployment over 8%. That was wrong and the person that said it is leaving. So is it any surprise that 18 months later that New applications for unemployment insurance rose to their highest level in almost six months. First time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, while of course analysts had expected a drop. This is the highest total since February and initial claims have risen three of the last four weeks. We are only 6,000 applications away from the high point of the year. Back in January, we peaked at 490,000. Is it no wonder Tuesday the Federal Reserve lowered its assessment of the recovery? The focus of this President should not be vacations, running around the country campaigning, or fighting for global warming bills. The only thing on his desk should be ideas on job creation as we are falling down again. The difference is this time he and lame stream media cannot blame Bush. We are also hopefully not going to fall for another American Recovery and Reinvestment Act of 2009, which we knew was not going to work. These pages said back then it would have been wiser and went further to give each American tax payer a credit card to by items and jump start the economy that way then this failed piece of legislature.
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