Oh Joy, Unemployment Above 10%!
Worry not my fellow Americans; the government is on top of things. Those of us educated in the perfectly predictable science of economics know that the government is on top of things and will curb unemployment when the time is just right. They have good reason for doing the things that they do; for example, we have been hearing over the past few weeks how the stimulus is creating jobs (even though it apparently is not). This ‘white lie’ is to help make the general population feel better and get them to spend the monies that they have started saving after the shock of the recession and the bursting of the housing bubble. Because as any economist knows, saving money is a terrible idea and that is what leads to personal economic instability.
Aside from that, now that the unemployment rate is above 10% the government will unleash its political and legislative tools to put a quick end to this problem once and for all. And if you don’t believe me then just look at what President Obama said.
“I just signed into law a bill that will help grow our economy, save and create new jobs and provide relief to struggling families and businesses,” Obama said in a statement delivered in the White House Rose Garden.
“The need for such a measure was made clear by the jobs report that we received this morning. Although we lost fewer jobs than we did last month, our unemployment rate climbed to over 10 percent, a sobering number that underscores the economic challenges that lie ahead,” he said. (Reuters)
Oh, phew! We are saved! Now that a bill has been signed everything is going to be ok.