Words to Consider as Unemployment Hits 10.2 Percent

By November 6, 2009Economy

The Bureau of Labor Statistics reports that unemployment hit 10.2 percent in October and manufacturing lost another 61,000 jobs. More on that in a bit, but for now we’re reminded of these comments made at a White House economics advisory group meeting Monday.

We are not going to be able, through government spending, [to] replace business investment. The most important thing we can do is create an environment in which business investment is triggered and they are leading us on this path of economic growth.

Agreed, Mr. President.

 

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