Posts
The Employment Situation for September was worse than expected. Unemployment rate up to 9.8%, 263,000 jobs lost in September. The consensus forecast was more like 167,000 jobs lost.
No one thought the economy would start adding jobs until the end of 2009 anyway, so one shouldn't conclude from this data that the recovery is sputtering. Nevertheless, it would be prudent to start thinking seriously about a second stimulus, as Paul Krugman suggests today. This one should be focused on supporting state and local spending. Likelihood of Congress actually taking this on: zero.
Subscribe to:
Post Comments (Atom)
Save
Ick
on social network:
Popular Posts
-
As USA Today recently pointed out , a new study published in the journal Nature Geoscience shows that the models of CO2 and global warming ...
-
This Forbes article about opposition to the bill moving through the Pennsylvania legislature to private the state liquor stores was reprint...
-
As I have repeatedly pointed out, China is in better shape than the U.S. and many other Western countries, but all is not rosy in China . CN...
-
Matthew Yglesias also notes the bizarre disappearance of a carbon tax from the debate over the debt ceiling. This is another Democratic fai...
-
I'm watching the Senate Finance Committee hearings on the Rockefeller amendment to include a "public option" in the Finance Co...
-
Scott Ritter was right about WMD in Iraq. I suggest that we give him a better hearing now with Iran . While this action is understandably ve...
-
Inquiring minds have been investigating the property bubble down under and are asking the question "How Safe is Australia's Banking...
-
The Washington Post is saying the emperor has no clothes, and calling the Obama administration's bluff that the winter of the financial...
-
In an article entitled "Should USA still be AAA?", CNN writes : According to credit rating agency Moody's, the amount of U.S. ...
-
So now it looks like the Democrats, rather than just telling anti-abortion people that if they want to require that insurance plans people b...
0 comments:
Post a comment on: Ick