US unemployment hits 16-year high.
16 years… 16 years… What’s the significance of 16 years ago?
Ah yes:
Excerpt from today’s article:
A total of 2.6 million jobs were lost from the economy in 2008, the largest decline since 1945, the US Labour Department said on Friday….
“This is a very dismal report. This paints a much worse picture in 2008 than we had thought,” said Lindsey Piegza, a market analyst at FTN Financial in New York.
“This is one of most significant downward quarters for jobs in post World War history.”
And this:
The Labour Department also revised the number of job losses for the prior two months, with the October figure being changed to show a loss of 423,000 jobs from 320,000 and November a loss of 584,000 from 533,000.
The report, seen as perhaps the best indicator of economic momentum, “suggests that both the US economy and job market fell off a cliff” at the end of 2008, said Nariman Behravesh, the chief economist at IHS Global Insight, a financial research firm.
You’ve got to hand it to the Bushes. They really know how to run an economy into the ground. Must be that “voodoo economics” George HW spoke of back in the ’80s.
Don’t change your mind, Jeb.
Worst First Family in History.
Filed under: crime, george bush, impeachment, iraq war, politics, u.s. history
