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Name:
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MartiniMan
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Subject:
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The bad news just keeps on coming
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Date:
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8/14/2014 10:33:34 AM (updated 8/14/2014 10:34:27 AM)
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I will admit it that I am stealing from Archibald's latest drive by but I suspect he would not post the following so I am just helping him out.
First time jobless claims up 21,000 to 311,000......what that means is that in the preceding period 311,000 people got canned. Let us compare that to the paltry ~200,000 new jobs created......let's see.....200,000 new jobs minus 311,000 layoffs equals a net loss of 111,000 jobs. Now that IS something to crow about when you have such low expectations for our president.
Retail sales were also a big disappointment and housing is sluggish at best.....seems that the fantasy of 3%+ GDP will be just that....a fantasy.
Yet further proof of the stagnation in the so-called recovery. Heck, its so bad that NeroOTUS is shortening his multi-million dollar vacation with the white liberal elitists on Martha's Vineyard and heading back to DC early. Gee, I wonder if it might have something to do with his DefSec stating the obvious that the world is in flames.....thanks WOTUS and Billary for that wonderful reset button. How's that working out for you? Worst president in 75 years?!?!? Heck no, worst ever......and Billary will be another four or eight years of one disaster after another.
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