It Won't be a Spring of Recovery
The jobs numbers look grim even taking into account that it's January and all of those good jobs numbers (part time hirings for the holidays) vanished. It's interesting that Vice President Joe (The Jobs Czar) Biden is silent on the matter.
(Associated Press/Fox News) The Labor Department says weekly applications for unemployment benefits leapt 38,000 to a seasonally adjusted 368,000. The increase comes after applications plummeted in the previous two weeks to five-year lows. Even with the adjustment, it's still the second lowest since the Great Depression.
The Obama economy sank into negative territory for the first time since the last recession but don't worry, it didn't get reported by any of the mainstream media outlets -- so did it really happen?
Oil for China
On January 18, President Obama spiked the Keystone (oil) Pipeline from Canada to the US, which would have netted tens of thousands of jobs and would have helped the US to free itself from volatile oil supplies in the Middle East. The Canadians, not particularly bothered, are not building the pipeline to the Pacific Coast where the oil will be shipped to China to support their economy - protecting it from volatile oil supplies in the Middle East.
Geraldo Rivera to Run for US Senate
Well why not? Could he be worse than what we have in the US Senate now?
(Fox Latino)“I mention this only briefly, fasten your seatbelt,” Rivera said on his radio show. “I mentioned this only briefly to my wife ... but I am and I’ve been in touch with some people in the Republican Party in New Jersey. I am truly contemplating running for Senate against Frank Lautenberg or Cory Booker.”
Sylvester Stallone is a hitman with a score to settle in the latest Hollywood blockbuster, 'Bullet to the Head'. Hollywood continues to maintain that their portrayal of firearms violence does not contribute to the problem of firearms violence that the liberals continually crow about.
The Economy Continues to Tank
Senate Majority Leader Harry Reid (D-NV) explains why this is happening.
(IBD) In the wake of Wednesday's news that the economy contracted slightly in the last three months of 2012, Senate Majority Leader Harry Reid laid the blame on budget cuts.
The only way to get out of a sluggish economy is to go farther in debt. Senator Reid proposed a federal spending increase of 2% (printed money with no backing - nobody loans us money anymore).
Not quite, Harry. According to monthly spending data from the Treasury Dept., total federal spending — which includes transfer payments and other federal outlays not counted by the BEA — increased by $98 billion in Q4 compared with Q3. And spending was up $31 billion when compared with Q4 2011.
For the entire year, spending in 2012 was virtually unchanged from 2011, and was up $86 billion over 2010, a year when the government was still spending stimulus money in earnest.
Yes. It's all very depressing.