Oh look, the recession…it’s over
While we were all blowing Obama for his forthright speech in Egypt this week….
The Unemployment numbers were released and they are the highest since 1983. 9.4 percent and most likely going to rise.
Man, I’m lucky to have a job. I’m so glad the banks are turning a profit right now. Any day now, the rich people should start creating jobs again.
The unemployment numbers being so high is not a surprise and was predicted as such late last year and early this year.
Besides, I didn’t blow Obama, I just gave him a tug.
The rate of job losses is slowing though. But this unemployment number is painfully not a surprise and is likely to go higher.
This thing is not over yet by a long shot.
Read this.
Let’s keep printing currency, and with any luck, we can get the inflation and interest rates up to the level of the unemployment rate.