If indeed true, this would be good news. On the ground, I certainly see some of the best movement in a long time in terms of spending, though that's in Europe.
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Nine months ago, California’s junior Senator heralded Senate passage of the “so-called stimulus,” claiming:
There is a very simple, urgent reason for this bill: We need to save jobs and we need to create jobs.
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Forget about what the GOP naysayers have to say. Doing these projects was necessary (even more is needed) and it's now one of the highlights of the US economy.
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As job losses climb, President Obama faces two related questions. The first is more like a riddle: How do you pass a new round of stimulus measures without tacitly admitting that the first round didn't work? (Answer: Don't call it a stimulus.
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US JOB LOSSES WORST SINCE 1983 - 9.8% UNEMPLOYMENT
(Millions of jobs shed SINCE Obama Stimulus bankrupts nation)
DOW DROPS SEVEN OF LAST EIGHT DAYS
US FACTORY ORDERS PLUNGE UNEXPECTEDLY
(How’s that “growing economy” working out for you, Tano?)
CHICAGO LOSES ON FIRST BALLOT FOR 2016 OLYMPICS.
More from Gay Patriot
The economy depends upon consumers spending but at the same time, you would have to be crazy to be spending on credit these days.
More from America Blog
The positive news in this disaster of a report is that the pace is slowing and it was somewhat less than expected.
More from America Blog
But, he warns, that we shouldn't expect job losses to get any bette for a long while. Still, it is good news.
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And again, higher unemployment is driving the bad news. Unemployment will get higher so the foreclosure problem is going to spread deeper in the not so distant future.
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by Chris Bodenner Derek Thompson checks in with the "mancession": According to AEI scholar Christina Hoff Summer, 80 percent of all job losses in the last two years were among men -- not surprising, considering the implosion of manufacturing and.
More from Andrew Sullivan The Daily Dish
From Ezra Klein:
July saw a real slowing of job losses. In June, non-farm payrolls -- jobs, in other words -- dropped by 467,000.
More from America Blog
This is good economic news (when was the last time we were able to write that?):
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
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The nitwits of CNBC strike again with their "recession is over" shtick. That team wouldn't have a feel for the real world if it bit them in the bottom.
More from America Blog
Good morning.This afternoon, your president is going to speak about "innovation and jobs." He's holding a meeting at the White House with companies that are still hiring more workers even during the recession.
More from America Blog
The problems in the banking world are not over quite yet. In reality that doesn't really mean the banks themselves are in trouble - they remain untouchable - but the taxpayers who saved their sorry asses from ruin are in trouble.
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June is here and Pride is in full swing from coast to coast, but this year’s festivities come at a critical time, not just for the LGBT community, but for everyone.
More from Wicked Gay Blog
Yglesias notes the intensity of the job losses. Madland explores them.
More from Andrew Sullivan The Daily Dish
Another mixed bag report. Maybe the focus will be more on beating the forecast since it was such a significant miss.
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