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February 18, 2010
Jobless Claims Rise to 473,000
Topics: Political News and commentariesThat's an increase of more than 31,000 over what was expected.
As Stewart Barney just pointed out on Fox News, we're a year out after O's stimulus was passed and there has been "NO NET JOB CREATION." And as though the jobs report wasn't bad enough news, inflation also rose more than expected.
Obamanomics and his massive expansion of government and our national debt, juxtaposed with the Fed's monetary policy (informative video at link - be sure to watch in its entirety) allowing an explosion of reserves in the commercial banks, is resulting in not only no net increase of jobs over a year after his so-called "stimulus," but also inflation that we all knew would occur after such irresponsible spending.
Related:
Government spending causing inflation - Keynes vs. Friedman
The Impact of Government Spending on Economic Growth
Why Government Spending Does Not Stimulate Economic Growth
Uncle Sam's Heist: Deficit Spending and Inflation
Posted by Richard at February 18, 2010 9:01 AM
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