Bush Still Has His Job, Do You?
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US economy loses jobs for sixth straight month
"Unemployment is still on a rising trend, payrolls are falling, and there's no light at the end of the tunnel here, so the tax rebates may have pushed up consumer spending, but it doesn't seem to have improved the labor market yet," said Ian Morris, chief US economist at HSBC North America.
Serioualy folks . . .
When Bush took office in January 2001:
The unemployment rate was 4.2%, now it is 5.5%.
The inflation rate was 3.7%, now it is 4.1%.
Gasoline was around $1.45, now it is over $4.00.
The S&P 500 was 1,342 and now it is 1,261.
The trade weighted dollar was 122.7, now it is 96.0.
Somehow I just don't think we'll be hearing chants of "Four More Years" at the Republican convention.
