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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (129551)	1/28/2010 11:37:36 PM
From: Sam	Read Replies (1) \| Respond to of 542970

In October 2008, Indiana’s unemployment rate stood at 6.4 percent and Kokomo’s was 8.6 percent. That (6.4%) was pretty close to the unemployment rate in the country at the time: The American economy lost another 240,000 jobs in October, the government reported Friday, as cash-strapped consumers pulled back and businesses hunkered down, intensifying the distress gripping much of the country. The unemployment rate spiked to 6.5 percent from 6.1 percent, the highest level since 1994. Many analysts now expect unemployment will reach 8 percent by the middle of next year. nytimes.com Undoubtedly, that was Obama's fault. The Bush administration has criticized Democratic proposals for immediate aid, raising the specter of a veto. On Friday, President Bush, in a written statement, acknowledged the latest jobs report as a sign of “difficult challenges confronting our economy.” But he added that a series of “aggressive and decisive measures to address this situation” already unleashed by the government will eventually provide relief. “It will take time for these measures to have their full impact on an economy in which many Americans are struggling,” Mr. Bush said.