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Unemployment numbers for October were released today, and for those who those who missed it:
NEW YORK (CNNMoney.com) -- The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
Now in case it is not mentioned, which it most likely will not be, I would like to remind you that Obama claimed that his HUGE stimulus package would keep the unemployment rate below 8%. As it exceeded that 8% prediction, many in his camp noted that without the stimulus we probably would be looking at double digit unemployment. Well guess what: We are looking at double digit unemployment, and we've spent a ridiculous sum of money on...well actually, I don't know what we spent it on. Do you?
Don't worry your pretty little heads though folks, the Democrats are already cooking up schemes for a second stimulus package. See, the problem wasn't that it made no economic sense, the problem was the biggest stimulus package in our nations history wasn't big enough. You know, sometimes I wonder how these people sleep at night.