Saturday, August 8, 2009

Unemployment drops - Wall Street responds positively

And yet more good news for the Right to be pissed about. Wait for it...

6 comments:

Dave said...

We are still losing jobs, not gaining them, and America has a way of correcting itself without a lot of government intervention. Let's hope we are coming out of the slump and will be able to pay off our national debt.

Doug said...

You mean that government intervention to the tune of $500 Billion for Wall Street?

Doug said...

And...
Bank Stocks are up 30% in a month.
Well of course they are. They're loaning money to the taxpayer at 6-20% that was GIVEN to them by that very same taxpayer. Anybody could make money like that.

Unemployment has dropped to 9.4%.
Nice. The economy still shed 250,000 jobs. The civilian labor force continues to shrink. There are now 5 million Americans that have been unemployed for at least 26 weeks. The primary reason that the overall unemployment number dropped is due to the 300,000 or so of our fellow citizens that have simply stopped looking for work in the last month. At current rates Federal unemployment compensation assistance will run out in less than two months. Fully 10% of the population is now on the USDA Food Stamp program.

Sean said...

Mega dittos, Doug

Dave said...

Doug, I'm impressed. Someone else on this blog is telling it like it is. It's not so hard to see through the fog of transparency if one will only open their eyes. Your words encourage me.

Doug said...

Well, this is awkward.
Please stand by.
We will return you to our regularly scheduled left vs. right rancorous discussion momentarily.