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Name:
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MartiniMan
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Subject:
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Man GF, the economic news is just awful
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Date:
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6/1/2012 9:27:47 AM
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Jobless rate starting to rise despite BLS continuing to reduce the labor force, only 69,000 jobs were added in May, weekly unemployment claims continue at greater than 380,000, the stock market is tanking, home prices continue to tank, consumer confidence has fallen to a 5-month low, annual GDP has been lowered once again to 1.9% and will likely be lowered again, the current labor participation rate is less than 64 million and back to what it was during Jimmy Carter's first term, the budget deficit is projected to be $5 trillion (or $42,000 for every working American). I could go on an on but I think you get the picture. And that's just domestically. Internationally its even worse.
As far as I can tell the only good news is lower gas prices, interest rates are low, a slight increase in manufacturing and inflation is holding steady for now. Help me out here GF and explain to me why the Messiah deserves a second term?!?!? Or more appropriately why does Jimmy Carter deserve a 3rd term? His first two were disasters. We need someone with a modicum of competence back in the WH. We took a hope on change and all we got was hopeless and change for the worse......
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