Friday, March 6, 2009

Unemployment Numbers in Line with Expectations

No surprise this morning. Unemployment has now reached 8.1 percent. Normally, we would be getting close to the trough of this recession. Absent the Obama policies, we would have expected to begin to see some light at the end of the tunnel. But, the inconsistency and incompetence of Bush Administration policy has been replaced by downright punitive policies of the Obama Administration.

Not content to simply carry on the worst of the Bush policies, which have accomplished nothing more than waste taxpayer money, the Obama folks have decided to declare war on business and finance and the folks they have declared war on are getting the message.

This was a patient with a serious headache. The Obama answer is to get out a baseball bat and starting hitting the patient on the head with it. No more headache. No more patient.

It's hard to see how any businessman would want to hire anybody given the plans and ideas of the Obama administration. What is becoming toxic in this Administration are employees. Don't look for hiring to return for a generation at least if the Obama Administration policies are adopted.