Unemployment

Today, President Obama via his Press Secretary said that unemployment will not reach 10 percent!

I believe unemployment will reach 10 percent and beyond. A spending bill like the one passed by the democrats will not stimulate the economy. Giving people additional welfare benefits while ignoring tax incentives for small and big business is stupid!

Obama, it may buy you votes to give the unemployed additional weeks of unemployment benefits, but benefits don't make jobs! Businesses make jobs!

America... if you want to see where we are heading as a nation look to California. California for decades has governed under the socialized model and see where they are today. High employment, budget shortfall of $42 billion dollars. The democratic lead law-makers are now trying to raise taxes!

What is going to happen in California... business and individuals will abandon the state due to the excessive tax rate. The state will see additional decline in its revenue as people and businesses run, those on welfare will continue to demand more government assistance and finally the state will go bankrupt!

This is the same model President Obama and the Democrats in Congress are using. How long before we see double digit unemployment, home interest rates in the double digits, inflation of 8 to 10 percent, and tax rates like those during the Carter years?

Tell me I am wrong!