July 06, 2009

OBAMANOMICS: NC Unemployment to Hit Highest Rate since Great Depression

Hope and Change:

North Carolina's unemployment rate, already one of the highest in the country at 11.1 percent, will "peak" at 13 percent in the first quarter of 2010 before it begins to improve, North Carolina State University economist Michael Walden predicted Monday.

In his "North Carolina Economic Outlook" report, Walden said that "an emerging consensus" points to an economic rebound beginning "in late 2009 or 2010."

Posted by Confederate Yankee at July 6, 2009 11:43 AM

Damn,we,re screwed.thx jim hunt,mike easley,and now beverly purdue.are all dems this brain dead?

Posted by: 1903A3 at July 6, 2009 12:40 PM

This will be an election year turnaround. I am shocked the Republicans are not attacking the DEMS for playing politics with peoples jobs.

Posted by: davod at July 7, 2009 05:33 AM

Its because the Rep. in this state have no Balls davod. The ones in Gov. now are are just as bad as the Dems.I,m still waiting for them to get of their ass and get to work,not holding my breath though. lots of work to do to convince some of the idiots I work with to see the light.

Posted by: 1903A3 at July 7, 2009 05:53 AM

Why would it recover? The only reason to think the rate will recover is that it always has, however neither we nor anyone else in history has had the kind of deficitis Obama has created and recovered in any sense. But at the least these mooks are having to live inthe real world.

Posted by: megapotamus at July 7, 2009 07:01 AM

But it will grow more slowly thanks to the stimulousy bill, heh, heh, heh. And wait, healthcare reform is right around the corner. There go all the medical research centers in NC. How's that hopychangy workin' for ya' now?HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Posted by: emdfl at July 7, 2009 08:12 AM

that's ok, medical research raises the cost of healthcare too much anyway.

Posted by: RC at July 7, 2009 03:48 PM

RC -
I'm going abscond with that line if you don't mind.

Posted by: emdfl at July 7, 2009 08:31 PM