'Unemployment rate much worse than the administration contemplated...'

When are you folks going to get a clue? Obama promised the moon, and those who drank the Kool-aid are just know realizing the mistake they made.
OBAMA IS A SHAM. A SNAKE-OIL SALESMAN IN A VERY, VERY EXPENSIVE SUIT, WHO WILL LEAD US DOWN THE ROAD TO SOCIALISM. SOCIALISM DOES NOT WORK!

Than they expected?? What kind of morons are running this government?

I bet the numbers are even higher for older workers. Obama is running this economy into the ground.

Of course they don't know what is going on. Remember Bernanke said housing would remain robust and there was no bubble. Of course Peter Schiff and Ron Paul said exactly what would happen and why. It surprises me that they are not president and Treasury secretary, respectively. Oh well....

To start with - ABC News is in someways, dishonest. How does an article about Unemployment end with topics about North Korea and Mark Sanford?

Back to the original topic of unemployment. Don't worry, BHO has a plan - he is going to print more money -and that will get people back to work.

Most Americans do not realize that obama is taking us into a socialist economy by the governament taking over portions of major industries!!! Most of the world is already socialist with the poor working class and the rich class. The middle class american is an extict species and government polls support this!!! Unemployment is much worst the only one's really working is the one's that came across the border! the rest of us and or children are suffering.

Everything is proceeding according to Obama's plan just as he has foreseen. He looked Joe the Plumber dead in the eyes and lied with out a blink----the dude is just cold.....

People expect instant fixes there are no instant fixes. It took years for Bush to mess up the country and will be at least 3 years to fix it. Look at California it has nothing to do with Obama. It has to do with the past and to undo it, it takes time. None you offer solutions. Free market, let the banks and Wall Street do what they want? The only good thing about the downturn is that it has exposed all the crooks. The crooks like Madoff, Stanford they love the do what you want no regulation market. Even Alan Greenspan admits he was wrong. Anyone have any ideas? This mess will take a couple of years to fix. Once we hit rock bottom and stocks stop gyrating, we come back up. Then we will know we are the bottom. Now no one knows....this happened under free market watch of the W people. He is just trying to clean up the mess.

lydia wrote: "Then we will know we are the bottom. Now no one knows....this happened under free market watch of the W people. He is just trying to clean up the mess."
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Wow, you don't have the slightest idea what you are talking about. There hasn't been a 'free market" here for more than 90 years. Just so you can be informed, I will clue you in. Clinton and his administration got the ball rolling by telling Freddy Mac, and Fanny Mae to give loans to people that could not afford. Bush spent way to much on his wars. Now we have BHO, wow, where to begin. I'll just say he spent more money in the first 100 days then ALL OF THE PRESIDENTS COMBINED! (Don’t forget we were broke before he spent the money)

So stop the blame game. The repubs, AND the dems have been tag-teaming this country and us for too long.

Here is a piece of advice. If they do not follow the constitution DO NOT VOTE FOR THEM!

Oh yeah, it's all Obama's fault. "W" had nothing to do with running the economy into the ground in the eight years he ran the whole country into the ground. I'm sure Obama is responsible for the $4 + gas prices we saw last summer too, even though he wasn't in office yet. Do Republicans really blindly believe everything the party tells them to believe? Amazing!!!

lydia - The free market has yearned to be free for decades. Government policy has not allowed a free market in a very long time.

Adam, you also are spreading smoke and half-truths. Clinton did not write the biggest deregulatory law on the books. That was a fella named Gramms, a Republican from Texas who was bargaining with Clinton and the Dems to get a budget passed, so he put his crapulous little bill as an amendment on the end of the budget bill the last minute before Congress was going home. Yes, Clinton was naive enough to sign it and IT opened the door to all kinds of greedy shenanigans by lenders (sub-prime and credit delay swaps done in SECRET to escape regulation). F & F was supposed to help poor middle class families reach the American Dream of a home of their own. What an awful thing to do, at least in the minds of Republicans who apparently want everything for themselves. If you believe the market can be entirely free, then prepare yourself for more of the same crooked stuff that sent this economy into a tailspin. Also don't complain about contaminated food and a much more polluted environment. Who really cares about future generations anyhow? While we're at it, let's do away with all police forces, too. It would make just as much sense.

The previousl post should be addressed TO Igor Not By Igor

Igor - To many regulations are what keeps small businesses from popping up like they used to. There were more regulations under Bush than ever before, and don't get me started with Obama. His cap and trade will be a disaster. Some regulations do serve a useful purpose especially ones looking into the Fed's books. Greed did bring about this collapse, and that greed was facilitated by easy credit and government intervention that blew up the bubble. Again Dr. Paul has explained this to you folks. you just keep blaming capitalism. Just remember free-market capitalism creates the greatest prosperity.

Huuuummmmmm . . . . .

I just read Huh's last post here.

I'd say he/she is easily the smartest poster here.
Right on the money.

u know people told me i did not have the right to speak about this cause i dont vote that is why i dont all these politicians promises the moon and the stars when obama got int o office all black peoples was like he first black president finally i knew he was not going to live up to nothing he said they only in this to make the money million every year wouldnt u do it for that much? i am one of those people who is unemployed and when u ask unemployement for help they dont want to give you any they will help look for a job!!!!! my question is how can u look for something that is not there no one wants to hire you so u basically paying those taxes for nothin cause you cant even obtain it when you are jobless how about that for a story

1.People are getting fatter because they can't AFFORD to buy healthy food.

2.Unemployment is so high because are jobs have all went to china etc.

3.People are homeless because we keep giving money to other countries because THEY'RE in bad shape.

4.The reason they can't fix this mess? Because they don't know or forgot what it's like to be poor.

5.Are they counting those of us who were self employed and can't collect unemployment?

Before Bush left office, in fact, before 2009, I seem to recall politicians and political commentators on the Sunday political shows and PBS say the unemployment rate might well exceed 10% before the recession is over.

Where was "Economist" Paul Krugman when all that talk was occurring?

And why does the media insist on always reporting the smaller of the two official numbers from D.C - except in cases like this where someone wants to point out what's really going on? The "unemployment rate" (9.5%) does not include people who've run out of unemployment or those who are working part-time but are looking for full-time work. The larger official numbers does that (16.5%). People posting on these boards often call Northern Europe a "welfare state" and point out their higher unemployment rate. But European unemployment payments have no termination date, so their numbers should be compared with our larger one - and then it's obvious it's US who have a higher percentage out of work.

"But European unemployment payments have no termination date," - The_Mick

Wow!
I'm packing my bags and moving to Europe so that I can get a job, get fired and then live off the unemployment checks for the rest of my life.

[sarcasm]
Someone bring this to the attention of NoBo. If Europe is doing this it must be a good idea for the good old USA too.
[/sarcasm]

LOOK TO THE HILL, PEOPLE. THEY ARE THE RUGULATORS, TAXERS and SPENDERS. This is where all your money will be headed very soon. The legislature has claimed ignorance of the 'housing bubble.' They lied. Many senators and reps knew about the 'loopholes' that allowed un-ethical business practices in the finance sector that ruined our economy... and did nothing. And, to say that Bush is responsible is only making a scapegoat out of him. Remember? The war was not the big cause of the bad economy. The financial instituions were. And it wasn't just here in america. Drastic measures have been taken to "fix it." You can't "fix" it. I hate when they say that. The Bailout of companies that should've been allowed to fail, government spending copious amounts of money on very "risky" recovery measures that were NOT well thought out. These have not and will not "save or create" jobs for anybody! Obama, you shouldn't have promised that. It will be your version of "Read my lips..." I predict a 40-45% tax rate in this country in about 6 years. Pay attention closely to the details of the bills. Look them up, as the News doesn't cover much on them. This is a perilous time for America. Soon, we too will be just another once-great country.

To quote Noz "The war was not the big cause of the bad economy. The financial instituions were."

Guess who runs the financial institutions? George Bush's cousin was on the board at Goldman. And politicians and their big business firends scratch each others back all the time for personal financial gain or politicial gain. What's the difference between those running the gov and the world banks?

You people should read "Confessions of an Economic Hitman". It lays out exactly what goes on behind the scenes and the results from it.