Quote:
Originally Posted by Baraka_Guru
If you've read this far (actually, even if you haven't), I've proven my point: not everyone wants to spend the time to learn what's going on and would just rather read headlines or watch news summaries on their favourite TV shows.
If you want to be spooked by employment numbers, then go right ahead and be spooked. But if you want a more level-headed view of how the economy works, then try looking at a few other things.
If more people did, maybe the recovery wouldn't be so modest.
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There's more than unemployment stats that are not looking so good. I've been reading about foreclosures being up. There's headlines on msnbc this morning about existing home sales down in June, consumer spending stalled, mixed reports on corporate profits and Geithner saying unemployment could increase again. I've also read reports that credit is still difficult for businesses to get.
Maybe this adds up to a double dip rescession, maybe not. But it's not a very good return on the hundreds of billions of dollars Obama wasted on his so called stimulus programs.