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Saturday, October 9, 2010

postheadericon A 10 year long recovery? (Rep. Paul C. Broun)

The Labor Department today reported that the unemployment rate continues to remain above 9.5 percent.  Last month, 159,000 government employees lost their jobs while only 64,000 private sector jobs were created.  Let me put that into perspective.  When Speaker Nancy Pelosi took over the House of Representatives in January 2007, America’s unemployment stood at 4.6 percent, or seven million individuals.  If we continue to only create 64,000 private sector jobs a month, it will take over 10 years to return to pre-Pelosi employment numbers.   Unfortunately, the Obama administration considers these abysmal numbers a recovery.

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