Home > economics > First time unemployment up…again.

First time unemployment up…again.

Barry (while riding his unicorn):
‘But here’s what I can tell you: After 18 months, I have never been more confident that our nation is headed in the right direction.’

New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.

Sigh.  I’ve come to the rather grim conclusion that the economy won’t improve until we rid ourselves of this charlatan.  Why?  Contrary to B.O.’s assertions, it isn’t because of how deep the ditch was.  It’s because no one with a business has any confidence in any of his decisions on the economy.  The same goes for Nancy Pelosi, Tim Geithner, Harry Reid, etc. 

We’re not headed in the right direction.  In fact, I’m not sure we’re headed in any direction.  What is the president/Congress doing to create jobs?  Can anyone tell me?  So far, we’ve had several different deficit-driving stimulus packages, which only propped up state governments, or hired more government employees, or paid some pension funds.  None of that did anything to improve the economy, and anyone with an eighth grade education knew that it wouldn’t before it was attempted. 

What else?  We’ve passed healthcare legislation which the government admits won’t control costs, and is directly responsible for current premiums going up.  The new financial regulation law will significantly increase the size of the federal government, and impact just about every financial transaction that anybody takes part in.  Oh, and it does nothing to deal with HUD, Fannie Mae, or Freddie Mac, all of which caused the housing bubble and started the domino effect of economic collapse.

Our economy isn’t in a malaise.  It isn’t stuck.  And there are no green shoots.  It’s simply waiting.  Waiting for the anti-business, anti-private property, pro-big government liberals to lose their control over the direction of this country.  Unfortunately, while it waits, more small businesses shut their doors, more big businesses downsize, and more people lose their jobs. 

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