Jobless Claims Jump as Obama Stimulus Sinks Economy

[asur]

It really was expected as the Obama spending is killing the private sector and killing jobs.


http://www.msnbc.msn.com/id/35457799/ns/business-stocks_and_economy/

Layoffs aren't slowing as fast as some Obama analysts had expected.
The real economists around here were not surprised.


That was the message Thursday in a government report that the number of people filing first-time claims for unemployment benefits rose unexpectedly last week. Jobless claims rose by 31,000 to a seasonally adjusted 473,000.

Democrats have suggested that jobs are not as important as healthcare right now.

 

[dogtowner]

so more housing defaults to come, the trajectory is down.

 

[GenSeneca]

The commercial real estate market is going to implode, indicators point to this happening sometime in 2011.

As dogtowner points out, housing defaults are rising, despite "actions" taken by Congress and the administration to halt the bloodletting.

Moodys is warning the US could soon lose its AAA credit rating... Which would spell disaster.

The massive expansion of our monetary base has placed inflation at around 16%.

The federal government is once again talking about getting their hands on private 401k's, IRA's and other retirement accounts.

There is a flurry of new taxes, regulations and other economy killing policies being proposed in Washington.

And that's just the good news!

The bad news is that Government has promised to address and fix these problems...

 

[dogtowner]

The commercial real estate market is going to implode, indicators point to this happening sometime in 2011.

As dogtowner points out, housing defaults are rising, despite "actions" taken by Congress and the administration to halt the bloodletting.

Moodys is warning the US could soon lose its AAA credit rating... Which would spell disaster.

The massive expansion of our monetary base has placed inflation at around 16%.

The federal government is once again talking about getting their hands on private 401k's, IRA's and other retirement accounts.

There is a flurry of new taxes, regulations and other economy killing policies being proposed in Washington.

And that's just the good news!

The bad news is that Government has promised to address and fix these problems...

never were the gipper's words more applicable... government is never the answer....

 

[asur]

Yes, housing defaults are rising and Obama avoids mentioning it.

Some states like California are now looking to the government for a
bailout. They can't raise taxes for fear the will taxpayers leave and
the budget problems grow worse. But they will raise taxes!

Some cities like Harrisburg, PA are thinking about declaring bankruptcy.
They can't raise taxes for fear the will taxpayers leave and
the budget problems grow worse. But they will raise taxes!


It's called CHANGE!