Politablog

Minnesota has often been known as a leader in many facets of the public sector. We provide top-notch healthcare (used to) and have historically ranked among the top States in many education statistics. This would be great if the United States had an education system that was comparable to other industrialized countries.

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The news is out. The Unemployment rate is at 9.7%; the highest rate since June of 1983 when that Rascal Ron was “our dear leader.” Overall there were an estimated 230,000 jobs lost in august and 276,000 jobs in July. This is 500,000 jobs total; equivalent to the population of the city of Las Vegas.

One of the most startling stats was that the unemployment rate for teenagers was 25.5% which is the highest it has ever been. I am not seeing any real reasons to be optimistic about this situation, especially since many States are not extending their jobless benefits.

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The Senate will be voting in the next few days in favor of adding an additional $2 billion to the CARS rebate program, commonly known as Cash for Clunkers. “In about six days, it is estimated that 250,000 cars were sold. On both sides of the aisle, people acknowledged the effectiveness of this initiative. And that is why yesterday, as we were seeing what was happening this week, the Obama Administration asked us to help consumers who have yet to have the opportunity to take advantage of trading in their old cars for new energy efficient models.” (Nancy Pelosi).

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