Unemployment and Government “Help”

When the latest job figures came out a couple days ago, representatives of the Obama administration quickly went before the press to boast that the unemployment rate was “only” 8.5%, thanks to the President’s interventions in the economy.

This was not the first time a left wing administration impaired the ability of the American economy to recover from a downturn, while claiming to provide indispensable assistance.

When the stock market crashed in October of 1929 the American unemployment rate shot up to 9%. American businesses and workers quickly made adjustments, as they had during previous depressions, and by June of the next year unemployment was down to 6.3%. The government started “helping,’ and soon the unemployment rate was up to an unprecedented 25%.

What America needs is a President who will stop “helping,” and get out of the way.

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