

The numbers don't lie
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09/04/09 08:33 AM ET
The numbers don't lie. I read in The Washington Post this morning about how the administration was touting the economic recovery due to the so-called stimulus package passed earlier this year. Here's what Vice President Joe Biden noted in a speech released yesterday by the White House quoted by the Post:
"The Recovery Act has played a significant role in changing the trajectory of our economy and changing the conversation about the economy in this country," Biden said in a speech at the Brookings Institution, a Washington think tank. "Instead of talking about the beginning of a depression, we are talking about the end of a recession."
Well, the Labor Department just released the unemployment numbers a few moments ago and unemployment is now at 9.7 percent — the highest level in our nation since June 1983. More than 216,000 Americans lost their job last month and nearly one out of every 10 Americans is out of a job, and the administration is crowing about how the pork-laden stimulus bill is "changing the trajectory of our economy and changing the conversation about the economy?"
So far as I can see, the trajectory of unemployment continues to rise and the conversations I hear about people keeping their jobs remains tense. As for the White House? Its numbers and rosy optimism just don't add up.






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