The White House announced today that unemployment was at 7.5%. The figures illustrate how even the minuscule budget cuts imposed by the Sequester are showing immediate results. As in the time of Ronald Reagan, the trickle down effect is quick to show results and further document the failure of Keynesian economics.
It was unclear whether the Obumbler Administration would use logic and common sense as a basis to impose further cuts and accelerate the improvement. If past record is any indicator of future performance....don't bet on it.
Back to you Jim......
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