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Obama.. Not my FAULTObama defended his strategy but conceded officials mistakenly believed unemployment would go no higher than "the 8 percent range." He also said that many of the jobs were lost in December, January and February of 2009, before he took office or before any of his programs took effect. Obama told the Indiana Republican, "I'm assuming you're not faulting my policies for that."Obama 1/29/10 Despite better-than-expected reports on everything from housing to manufacturing this week, recession-wary U.S. companies are still shedding hundreds of thousands of jobs. The government reported that the nation's employers cut 663,000 workers in March, pushing the unemployment rate up to 8.5 percent, the highest in nearly 26 years. ABC News April 09 Results The US unemployment rate rose to 10.2 percent in October, according to data released Friday by the Labor Department. This is only the second time official unemployment has reached double digits since the end of World War II. It is the highest level since early 1983. US Dept of Labor Disappointing news on the jobs front from the US. Employers there laid off 85,000 people in December. Is anything EVER going to be his fault.. How many years does it take before this mess that he has been mopping up becomes his mess? S. Lindsey's blog | login to post comments |