Friday, October 08, 2010

"It's Still The Economy, Stupid" #7

I just love quoting Demonrat campaign slogans from earlier elections.

The latest unemployment figures put the jobless rate at almost 10%. Any left-wing Keynesian economist will tell you that optimal unemployment should be in the neighborhood of 2%. Now, if you include those who are unemployed and have given up looking for work, the official "U6" figure soars to 17%. Consider how The Great Depression had unemployment around 20%.

So, how's the "Hopey-Changey" thing going for you?

Here's the scoop, over at Rush's website, and you'll like what you see:

It's the old European saying: "when the people are hungry, governments fall."

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