Well, the left has been trying to say that Wall Street hitting the floor faster than a prom dress was not a good indicator of the economy, but what about all those jobs that The Obama promised? The first full month of Obama's America isn't looking to swell either. Dismal news from Reuters:
The U.S. unemployment rate rose to a 25-year high of 8.1 percent in February as employers, buckling under the strain of a severe recession, axed 651,000 jobs, government data showed on Friday.Now, blaming the Prez for all the economic troubles is a bit disingenuous, but continuing to blame Bush & Friends for everything bad with the economy is going to wear very thin among lefty pundits. Obama and the Democrat-controlled Congress have already passed multiple bills to "stimulate" the economy and free up credit, but they probably would've been better off spending $787B Taxpayer dollars on some magic beans. And we aren't even experiencing the hyper-inflationary period since we printed a bunch of funny money and dumped into unprofitable banks. Get ready for a wild ride...Wheee!
Adding to the gloom, a combined 161,000 more jobs were lost in January and December than previously believed, the U.S. Labor Department said in its monthly nonfarm payrolls report.
x-posted at The Obacalypse