** ASSOCIATED PRESS: Most Asian markets fell Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. . . . Optimism about the U.S. economy, a critical market for Asian-made goods, buckled after the government said employers slashed 467,000 jobs in June. That was far worse than the 363,000 that economists predicted . . . READ MORE ...**********
** 'TERRIBLE AND GETTING WORSE', WASHINGTON POST ...
** 'VERY SEVERE RECESSION'NEW'', NEW YORK TIMES ...
** 'JOBLESS NUMBERS CONTRADICTADMINISTRATION'S FORECAST'. WALL STREET JOURNAL ...
UPDATE: From Business Week, "Jobs Report: A Blow to Optimism." Also, "Joblessness Hits 9.5%, Deflating Recovery Hopes." And Wall Street Journal, "No Decision Yet on More Stimulus" (via Memeorandum).
3 comments:
Just stopped by for a chuckle.
Nice lapel pin - the best way to identify the true patriots from the posseurs.
With Obama as president doing all he can to destroy our economy it's only going to get worse, Donald.
Happy Independence Day anyway. I hope you have a wonderful weekend in spite of all the BS!
I see the spawn of Satan dropped in for a visit. Thankfully, it was a short one.
As for the economy, I am in full agreement with Rush Limbaugh here. What is happening to it is no accident, as nothing being done by the Obama administration has ever turned an economy around, as these actions are not going to bring about growth in the private sector. Without that, there will be no real recovery to speak of.
Here in norther burbs of Atlanta, an annually held job fair that is usually rather sizable was just canceled due to the fact that none of the companies that were scheduled to participate were currently hiring.
There will be no recovery until the private sector is cut loose and allowed to do what it does best.
At the moment, it is being slowly strangled to death.
-Dave
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