Things are getting worse by the day, yet Obama and the communist Democrats are refusing to face reality and do what’s necessary to help businesses and the US economy.
Wall Street Journal | Mortimer Zuckerman | July 14, 2009
The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion. [Read more…]
Why Doesn’t God Answer My Prayer? – 6/5/09