It has been interesting reading and watching the news this morning. The Leftist media brags that the crappy jobs report this morning is better than it was last year or the year before. They ignore the fact that over the last five months, the new jobs created in each month is fewer than the month before. The happier jobs reports for the last two months have been revised downward.
We need 400,000 new jobs every month for many, many months to achieve full recovery. The 62,000 jobs reported for May is pathetic.
The Market was down over 200 points and was sinking the last time I looked today.
On the bright side, it can only help Romney if this keeps up.
Careful Foxy...YOU will be accused by the board Statists of being jubilant for
bad news.
I already have been.
Actually I would be thrilled if some magic figurative bullet or the good fairy or something could turn Obama from Marxist socialist to competent capitalist. Mr. Foxfyre and I are dependent on a good economy to keep our retirement accounts healthy, and today we watch them continue to dissolve in a bad market resulting from dismal economic news. I don't rejoice in that at all.
There seems little likelihood that the President will get a sudden burst of competence in the next five months though, so I just hope we can hold on that long. I do expect that a Romney victory, most especially if he has enough Republicans in Congress to support his policies, will result in a much better economic climate.
I also expect that if the USA can heal its own economic woes, that will result in brighter prospects in Europe too. It isn't all Obama's fault, but he sure as hell isn't doing much to make it better and continues the blame game and threats that keep things uncertain and shaky.
