Who can believe ANYTHING coming out of DC...
Who can believe ANYTHING coming out of DC...
Before the MSM celebrates, what is the retail sales for this Xmas like. If it is like 2008 or worst, the number of employed temps is going down.
If unemployment is stabilizing or going down why is foreclosures and bankruptcies going up? Why are state and federal tax revenues dropping severely if unemployment stabilized? Something does not make sense here.
When the whole country is out of work, the State Run Media will boast of “no new jobless claims filed”, as if it were The Messiah who stopped the losses as opposed to The Messiah and his minions who caused them....
Utopia, an additional 1/2 million out of work, happy days are here.
During the first 7 1/2 years of the Bush admin, when unemployment and inflation and interest were low, all good economic news was cast in a negative light. Now the bad news is cast in a positive light.
Saying that 400,000-plus new unemployed is a sign of improvement is like saying that a man, laying on the ground bleeding, was losing a pint of blood per hour last month and is now only losing 4/5ths of a pint of blood per hour.
There comes a point where it won’t matter what the rate of blood loss is...there’s only so much blood that CAN be lost!
Simple market economics says that there is a layer of employees that can be “easily” cut from the worker base, still allowing most businesses to survive. That second layer of employees is something different. Cutting into the next layer of employees is suicide for many businesses. So many businesses are limping along, working people at below 40 hours per week to try to survive and enture until things (hopefully) improve.
If the Obamacare bill gets signed into law and the fed enacts that incredible level of taxation in early 2009 the resulting job losses will trigger an economic nightmare. Expect private sector unemployment to nearly double within a year if the taxes kick in as predicted, and business failures to be at a rate not seen since the Great Depression.
Bill O’Reilly will be praising Obama again for this good sign that Obama’s stimulus plan is working.
Nobody will ever know what the expected number is, so by definition, unless it's right on the button, it will always be "unexpected". Orwell was the greatest prophet of the 20th century. It's getting as bad as the ubiquitous iconic images of the POTUS and FLOTUS.
