PFFFFFTTTT!
"Jobless claims dip but labor market still weak" by Jeannine Aversa, AP Economics Writer | July 10, 2008
WASHINGTON -- Employers have been chafing under high energy prices and fallout from the housing and credit crises. As they try to cope with those problems and squeezed profits, they have cut back on hiring and other types of investments.
The number of people continuing to draw unemployment benefits jumped by 91,000 to 3.2 million for the week ending June 28, the most recent period for which that information is available. That increase left such filings at the highest level since late December 2003.
WTF!?!?!
And here they are in their headline telling us the claims have dropped!
STOP the GOD-DAMN FUCKING LYING, AmeriKan MSM!!!!!!!!!
Another report Thursday showed shoppers were in the buying mood -- armed with extra cash from the government's rebate checks and enticed by heavy discounts. The nation's retailers on Thursday reported a better-than-expected June gain of 4.3 percent, with discount giant Wal-Mart Stores Inc. accounting for the majority of the gain.
First, that was already in a different article, and second, everything must be GREAT in the economy, huh?
Sigh!
Need I even say it?
Federal Reserve Chairman Ben Bernanke, appearing on Capitol Hill Thursday, said the government's $168 billion stimulus package, is helping, but he suggested Congress shouldn't rush ahead with another package, as championed by Democrats:
"My inclination would be wait and see a bit longer [to get a better sense of whether the economy can strengthen on its own]." he said.
Yup, the SHIT SHOVELING NEVER STOPS, and, yeah, fuck helping us now that your friends got bailed out, 'eh, bullshit Ben?
Bernanke and his colleagues are in a difficult spot. Additional rate cuts would worsen inflation. But boosting rates too soon would hurt the fragile economy.
Yeah, right; the guys who FUCKED IT UP on PURPOSE are going to fix it for you and me!
Please see Ron Paul Revolution Excerpts: Economic Freedom and Ron Paul Revolution Excerpts: Money because that is exactly what Ron Paul wrote about.
