Thursday, May 20, 2010

More "unexpected" bad economic news

"Unexpected" - you keep using that word. I do not think it means what you think it means.

The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.
AP, ever vigilant in defending the One, feels compelled to point out that the bad news is still an Obama success. See the increase is because the economy is growing and people want to get out and find a job. All hail Obama. Of course 4% unemployment in the Bush term was indicative of how bad the economy was. Just burger-flippin' jobs.

And just as day follows night, the response of the governing class:
Lawmakers responded Thursday to the persistently high jobless rate by announcing a deal to extend expanded unemployment benefits for the long-term unemployed through the end of the year. Laid off workers would also continue to get subsidies to buy health insurance through the COBRA program. House leaders plan to vote on the bill Friday, with the Senate voting next week.

1 comment:

  1. I don't understand how you can cut unemployment benefits when there are so many people out of work. Additionally, I can't understand why prison populations keep increasing as the crime rate decreases.


    NY Times Reader

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