Friday, October 03, 2008

Oh, yeah. Four more years of this

Heckuva job Bush, part 10,459:

...the economy experienced the biggest drop in jobs in more than five years.

There was a net loss of 159,000 jobs in September, the ninth straight month the U.S. economy has lost jobs. The August job loss was revised to 73,000 jobs, taking year-to-date job losses to 760,000.

Economists surveyed by Briefing.com had forecast the loss of 105,000 jobs in the month.


Something for John McCain to spew over for the next debate.

Hey, maybe Krugman can cheer me up?

Double plus ungood news on multiple fronts this morning. The credit crunch is getting worse: LIBOR jumped again, the TED spread is at a new record. Bad news on employment: payrolls down 159,000, average work week down, official unemployment rate flat at 6.1 percent but broad measure (U6) up from 10.7 to 11.

We are going over the edge.



Well, excuse me while I inspect the inside of my oven for a few minutes.

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