Obamanomics continues to devastate our nation. When the Labor Department releases the January unemployment report today, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million.
Nice work, Barack. For a year now you have diddled around while the country has sunk deeper and deeper into what is kindly referred to as the Great Recession. The unemployment rate is expected to rise to 10.1 percent which would match October's 26-year high. And, it would be the fourth straight month of double-digit joblessness.
Meanwhile this administration has no plan and offers us only hopelessness and chump change.
UPDATE: New York Times:
20,000 jobs lost in January