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	Name:	MartiniMan -
	Subject:	Bad economic news continues unabated
	Date:	8/6/2010 9:55:09 AM

Jobless numbers were awful and with unemployment staying at 9.5% it tells you that many more people have simply given up on the job market. Over 6.6 million people have been unemployed for more than 6 months. The private sector hiring was 20,000 below expectations which given decent corporate profits it tells you they simply are reluctant to hire. Well lets see, taxes are going up dramatically next year, with Obamacare the cost of each employee is going up dramatically, the administration is at war with business, unemployment benefits have become just another entitlement, the government demonstrated their willingness to void business contracts and turn bankruptcy law on its ears when it suits them, etc., and companies are reluctant to hire?!?!?.......duh!

Home sales are also dropping like a rock. Foreclosures are at record levels. Requests for food stamps at an all-time high. Fannie and Freddie are coming back to the public trough to feed on more debt-derived dollars. The national debt has exploded in ways that even W and the profligate GOP spenders in Congress couldn't dream was possible. I could go on with more bad economic news but you get the drift.

How's that Summer of Recovery going for you OCarter lovers?

How's Geithner's prognostications about the improving economy going for you OCarter lovers?

How's that hopey-changey thing going? More like HOPEless and CHANGE for the worse!

I guess the good news is Michelle and the girls have taken a break from the million dollar WH parties to bolster the economy of formerly racist Spain........meanwhile OCarter returns to his Chicago roots to fund raise for some ethically challenged Dem candidate.

Other messages in this thread:

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Bad economic news continues unabated - MartiniMan - 8/6/2010 9:55:09 AM

Bad economic news continues unabated - Dixie Drifter - 8/6/2010 11:22:57 AM

Bad economic news continues unabated - Jim Dandy - 8/6/2010 11:42:33 AM

Back to the bad old Bush days - MartiniMan - 8/6/2010 12:11:34 PM

Back to the bad old Bush days - Jim Dandy - 8/6/2010 1:24:40 PM

Forgot to mention - MartiniMan - 8/6/2010 12:27:29 PM

No Surprise - roswellric - 8/7/2010 1:06:00 PM

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