Shock Headline Of The Year

You know, we hear this so often it’s become a freakin’ joke

New jobless benefit claims rise unexpectedly

WASHINGTON – The number of newly laid off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation’s battered labor market proceeds in fits and starts.

The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week, up 7,000 from the previous week. That was a worse performance than the decline to 465,000 that economists had expected.

The economy remains in the toilet, but we’re told “golly everything is great and if we don’t spend trillions more we’ll go bankrupt.”

Oh joy.

categories Biz, Nanny State, Politics | | datetime December 17, 2009 9:26 am

One Response to “Shock Headline Of The Year”

  1. Gary from Jersey says:
    December 17, 2009 at 2:42 pm

    OK, let’s see: the administration throws money at banks, tightens rules on lending and refuses to take the money back so czars can sit on the boards and dictate policy.

    Congress refuses to reform housing lending laws even as those laws collapsed the market. It goes along with the Fed’s insanely loose monetary policies, which in turn are inflating other bubbles, such as commodities.

    Then O tells the banks to lend more, ignoring (A) that residential real estate equity was a prime source of start-up capital, and (B) “reformed” credit card rules so now no one can borrow unsecured money to start or expand a business.

    Now toss in countless anti-business regulations coming out of DC since Jan. 20 and the promise of higher personal taxes, soaring deficits and that carbon rule.

    Got a great recipe for job formation, these Democrats do. Better start looking for a nice four-bedroom cave if this keeps up.

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