Clearly, Our Economy is Just Fine!
As I browsed the news this morning, I couldn’t help but notice a headline about the national unemployment rate
posting its biggest month to month jump in over twenty years. The unemployment rate soared to 5.5% in May from 5% in April – much higher than economists had forecast. Additionally, on Friday the Labor Department reported a net loss of 49,000 jobs in May.
As if that wasn’t a bad enough way to start my day, the Dow Jones lost 400 points today after oil prices shot up by more than $11 a barrel and neared $140 a barrel.
If we’re not in a recession yet, it can’t be long before we are, and I blame George W. Bush and his failed economic policies.
Tagged with: George W. Bush
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Zachary you are right GWB economic principles suck as does his lack of energy policy. We would do better under anyone since his oil buddies are getting rich. One thing though full employment is from 5-6%. Unemployment is the problem, during Clinton it was 6%, it is the failure of his domestic policies. He is not a dumb man just not a smart one. His group of people minus a few don’t do much. While neither candidates have strong ideas, I fear the gas and oil will send us to be like Mexico.
Greenskin, you’re right about unemployment. I only bring up the rise in unemployment as yet more proof that our economy is headed in the wrong direction.
What we gained in the 90’s we lost with GWB. His idea of economic guiding principles is what is good for his buddies. 150 by July 4th. We need to change how oil is done. No options and change the commodities. It is not like orange juice, yet we treat it like it is. I am for drilling more oil, but we need to move away and the pain at the pump will force us to do so. We cannot let our own economy go down the crapper so drill just for our use and force people to pay for r/d of alternatives. California is already doing it. None of this is possible with W.