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bama The Reality of the Obama Economy

January 9, 2010

Bloomberg: ‘An exodus of discouraged workers from the job market kept the U.S. unemployment rate from climbing above 10 percent in December, economists said. Had the labor force not decreased by 661,000 last month, the jobless rate would have been 10.4 percent.’ … NYT lead, ‘85,000 More Jobs Cuts in December, Fogging Outlook – Blow To Recovery Hope – Pressure on Washington as the Pace of Hiring Stays Stagnant,’ by Peter S. Goodman: ‘The disappointing snapshot of the job market intensified pressure on the Obama administration to show results for the $787 billion spending bill it championed last year to stimulate the economy.’

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