Saturday, January 16, 2010

"U.S. unemployment rate for blacks projected to hit 25-year high."

Well it’s been more than a year since He “moved on up” to the White House, and His people are still on the street corner with their hands out hoping for change.

“Unemployment for African Americans is projected to reach a 25-year high this year, according to a study released Thursday by an economic think tank, with the national rate soaring to 17.2 percent and the rates in five states exceeding 20 percent…

According to the Economic Policy Institute report, the unemployment rate for blacks is projected to reach a not-seasonally adjusted rate of 17.2 percent in the third quarter of this year, up from 15.5 percent during the same period last year. And the rate for Hispanics is forecast to jump to 13.9 percent from 12.4 percent. The study is based on Bureau of Labor Statistics data and projections from Moody’s Economy.com. MORE

But it is not just the black population that is feeling the invisible hand of Obamanomics. Across the board unemployment rates are at historic highs… some estimates have it as high as 18%. And what is the White House focusing on?

Raising taxes to pay for health care, bailouts to the auto industry, insurance giants such as AIG, and the list goes on… The American Dream is being deflated and replaced by the Obama Pipe Dream.

I am beginning to think that Obama inhaled and never exhaled. He is so “high” on his own image, voice, persona, and place in history that he has forgotten the office he was elected to.

This was supposed to be the most transparent, new minded, innovative, accomplished, goal oriented, administration the USA has ever seen, instead it is more secretive, diabolical, and arrogant than the Nixon administration ever came close to.

It is time for a change. If this were a parliament we would be calling for a vote of no confidence, and demand an election be held. I am calling for a vote of no confidence on Obama, and the Congress… We need to clean house.

[Via http://brophinator.wordpress.com]

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