Unemployment on the Rise!

According to Gallup, the actual percentage of Americans collecting unemployment is at 10.1%, not 9.7%…

This means we’re .7% away from the peak level of unemployment in 1982, during the 80s recession oh behalf of Carter. Reagan was able to keep us from going into a depression, by instituting conservative measures to effect the economy positively. One of the effects was keeping unemployment in the 9-10% range from lasting longer than 1.5 years.

We’ve been holding an above 9% unemployment rate since May 2009, so it’s already been 1yr 4m. The Fed plans to throw more money into the system, creating inflation, the Bush Tax Cuts are being allowed to expire, resulting in one of the largest tax increases this country has ever seen, and the full effects of Obamacare haven’t set in yet, and won’t until about 2012. These policies… associated with an increasing debt & deficit, are going to keep these unemployment rates high… if not the highest since the Great Depression.

Scary times…