Friday, August 6

Turning the corner?

by justmy2 @ 8/06/2004 09:02:00 AM

The President in a recent speech said the country was "turning a corner". Well, unfortunately it looks like there is an 18 Wheeler barreling down that road we are merging on to....:

"U.S. employers added a paltry 32,000 workers to payrolls last month, the government said on Friday in a report far weaker than expected that will come as unwelcome news for President Bush ahead of the presidential election.

The Labor Department also cut its tally of job growth for May and June by a combined 61,000."

Keep in mind, during an economic recovery jobs have historically grown over 300,000 workers per month for a sustained period of time. In the Bush recovery, which is quickly becoming an oxymoron, this has only occurred twice. Add to that $45/barrel oil and the recent terror alerts, and you have all of the red flags for an economic tumble.

Time for some POTUS elixir...which rabbit will be pulled from the hat this time...


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