Friday, December 18, 2009

Trend vs Hiccup

An AP story says the number of newly laid off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation's battered labor market proceeds in fits and starts. Unexpected? Maybe by the clueless cabal of Obamamites that are tinkering with things far over their heads, but to anyone with a modicum of economic smarts it is not unexpected.

Just because the anointed one in his weekly address on December 5th said that the job loss trend is improving, doesn't make it so. Hoping things change isn't going to cut it. We need to unleash the power of the American people. This administration isn't going to let that happen. They will keep referring to any improvement as a trend and any negative will be only a hiccup. All they have is smoke, mirrors, and spin so what else can they do?

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