Thursday, June 04, 2009

Bush's Record For Losing Jobs Peaking

Another end to a Bush era legacy:
"The number of people on the unemployment insurance rolls fell slightly last week for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday."
But still, the residue from Bush and his "spend and borrow, two Wars-at-a-time, cut taxes for the rich and deregulate and not investigate economic prowess" is still huge.
"The total jobless benefit rolls fell by 15,000 to 6.7 million" and unemployment, a lagging indicator, "will rise to 9.2 percent".
A very small step in the right direction after 8 years in the wrong direction.

Source: NYT

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