Jobless Rate Jumps To 7.6%, Democrats And Media Jump To Exploit Panic

An ugly number, but uglier still perhaps because Obama and his Democrats (and their buddies in the media) will no doubt use the number to fear monger in support of ram-rodding their “economic stimulus” spending spree through Congress with as little debate and analysis as possible.

WASHINGTON – Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight.
The Labor Department’s report, released Friday, showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on Congress and President Barack Obama’s administration to revive the economy through a stimulus package and a revamped financial bailout plan, both of which are nearing completion.

“Terrible toll.” “Drawn out recession.” There’s your fear mongering.
The truth is that this “toll” isn’t all that terrible. We’ve seen 7.6% unemployment many times before. Heck we hit nearly 10% unemployment under Reagan. And as for the recession being “drawn out,” the average length of recessions since the Great Depression is about 1 – 2 years. We haven’t even hit one year yet.
Again, fear mongering.
And all this fear mongering is being done in the name of rushing through this spending spree the liberals want to fund all of their pet projects and expand federal government control over the states with, again, as little debate and analysis as possible.
They’re creating a panic purely for the sake of political exploitation.
Update: More fear mongering: Pelosi: With 3.6 Million Jobs Lost, We Cannot Afford Delay on Recovery Package