Thursday, June 14, 2012

Obamanomics: Jobless Claims Rise Yet Again

Once again we're confronted with bad economic news: The number of Americans filing for first-time unemployment benefits climbed last week, indicating continued trouble for the labor market.
If you've got a job consider yourself very, very lucky.
The Labor Department reported today that 386,000 people filed new jobless claims in the week ended June 9. That was up 6,000 from the previous week's revised figure.
And this latest figure is 11,000 more than was expected.
It's becoming clearer and clearer: Obamanomics has not works; it is not working. America cannot tax and spend and subsidize and entitlize its way out of the recession.
All together now: "America needs new leadership!"

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