Unemployment rises to 9.8%

The unemployment rate in the United States rose to 9.8% from 9.6% this month, and it is starting to send warning signs throughout Washington. Whether or not they will actually pay any attention to the warning signs remains unclear since they've been ignorant on virtually everything else.

Economists were hoping to be more optimistic as they were predicting 150,000 new jobs, while only 39,000 jobs were actually created in the month of November alone. According to the Labor Department, for the month of November, 17% of the labor force is "underemployed", 1.3 million people are simply given up looking for work because jobs are not available as retail firms slashed 28,000 positions, factories eliminated 13,000 and the public sector 11,000. The  businesses that were hiring are re-employing either retired individuals or those over the age of 50 because they have the experience and not utilizing college graduates.

The total people unemployed for the month of November is 15.1 million.

Despite the fact that economists believe the economy grew, but way "too slowly", they believe it is imperative that the economy needs to continue to rebound. The only problem is when you have a completely incompetent and ineffective Deficit Commission that cannot agree to they're own plan about extending the Bush tax cuts, or letting them expire, how in the world can one even think about growing the economy?

What is really shocking is that despite the millions of Americans suffering in this country from unemployment, many of the President's far-left liberal supporters say the Bush tax cuts should just expire, and allow the largest tax increase in our nation's history to be paid by those earning more than the average person. Again, this comes back to the President's plan of the redistribution of wealth, and far-left America wants this simply because as things continue to get worse, they will look for the Government to support them.

I don't believe that was the initial intention when our Government was formed some 234 years ago.

As if the rise in joblessness in this country was not enough, the benefits to the unemployed expired because Congress failed to extend them, and more than 2 million Americans will loose their unemployment benefits by the end of this month.

What are all of these people suppose to do when they have nothing left?

I'll choose a quote from Gerald Celente, an expert trends forecaster, who has commonly said: "when people have nothing left to loose, they loose it". 

I'm inclined to agree with him, if things don't start shaping up this nation.