More bad news for the Obama Administration: Unemployment rose to 9.7% this month after losing 216,000 jobs in August!
It is our highest unemployment rate since 1983. But have no fear! Why? Because Joe Biden is optimistic about the economy and the stimulus package:
Vice President Joe Biden defended the stimulus package Thursday against Republican critics who say it is too costly.
“The recovery act has played a significant role in changing the trajectory of our economy, and changing the conversation in this country,” Biden said. “Instead of talking about the beginning of a depression, we are talking about the end of a recession.”
Republicans criticized Biden’s speech. “The Democrats’ rhetoric on their economic experiment doesn’t match with the reality of millions of Americans remaining unemployed,” said Republican Party chief Michael Steele. “The stimulus was an economic experiment that failed Americans.”
Thought: Maybe we should rename the stimulus package to “Make it rain on the economy package”? Thoughts anyone?
Side-Note: Joe Biden should just keep his mouth shut at times.