OBAMANOMICS HAS FAILED

NYTIMES: 467,000 Jobs Lost in June; Unemployment Reaches 9.5%

The pace of job losses quickened in June after falling sharply just a month earlier, casting a shadow over the Obama administration’s attempts to stanch months of stark declines in the labor market.

The American economy shed 467,000 jobs last month, and the unemployment rate rose to 9.5 percent, its highest level in 26 years, the Labor Department reported on Thursday. Job losses were widespread among the construction, manufacturing and business and professional services sectors.

TO FOSTER GROWTH HERE AND WORLDWIDE, WE MUST CUT SPENDING AND CUT TAXES AS SOON AS POSSIBLE.

TOO BAD FOR US, WE'RE GONNA HAVE TO WAIT UNTIL 2010, WHEN WE TAKE BACK THE CONGRESS.