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06.03.2011 0

Unemployment Hits 9.1%

The unemployment rate increased to 9.1% in the month of May.

Here is reaction from Americans for Limited Government President Bill Wilson:

“There should not be any remaining doubters that Obama’s big government spending and the Federal Reserve’s quantitative easing policies are two of the most disastrous economic policies in American history.

“Almost 14 million people who want a job can’t find one, as the number of unemployed jumped by 167,000 people in the past month.  Almost 20 percent of the workforce is either unemployed or working part time when they want a full-time job. Obama’s economic plan has been tried and has failed the American people and now we have to return to fiscal sanity in order to get our economy moving.

“The only people who don’t understand that we can’t continue digging to get out of the debt hole that is killing our country’s future are the President and Capitol Hill Democrats, who continue to cling to the very fiscal policies that have buried our nation in debt and are threatening to consign a generation of Americans to second-class status in the world.

“I hope that the good that comes out of the pain of millions of unemployed is that our nation’s elected leaders finally come to the realization that significant cuts must be made in our federal budget, job-destroying regulators like the Environmental Protection Agency (EPA) and the National Labor Relations Board (NLRB) must be reigned in, and our highest in the world corporate tax must be lowered immediately to put America back to work.”

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