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Friday, February 06, 2009

Scariest Graph You'll See All Day

clipped from www.truthdig.com

The US unemployment rate rose to 7.6% in January, up from 7.2% in December, according to official figures.

The rise puts the unemployment rate at the highest level since 1992.

Job Loss

According to the US Labor Department, the economy lost 598,000 non-farm jobs for the month, and it also revised upwards the job losses for December.

Commenting on the figures, President Obama said the “the situation could not be more serious” and added that “these numbers demand action”.

He urged the Congress to pass his economic stimulus package without delay and “not to get bogged down in distraction and delay while millions of Americans are being put out of work”.

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Wow. Just wow.

Remember when John McCain had to drop everything and run off to DC to fix the economy?

Yeah, things were much, much better then. When "the good old days" include an economic situation so dire that a presidential candidate ran off into a panic, you are ska-roooed.

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