Jobless Rate Hits 6%

The unemployment rate has hit its highest levels in 9 years. That’s not even taking into account the millions of people who have to work 2 jobs each to support their families. The Bush administration offered up two scapegoats, Paul O’Neill and Lawrence Lindsey, to cover for its complete and utter lack of economic initiative or sound policy. Who woulda thunk it that a huge tax cut to the richest Americans would fail so miserably? The richest Americans, even from a capitalist perspective, don’t create jobs unless you consider cleaning mansions a good job. This is a bad sign of things to come. On the other hand, if we hit 10% unemployment maybe people will start looking to hang someone from the streetlights in Washington and things might get done.

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