Thank God the recession is over

As I mentioned yesterday, the Fed announced that the recession is over, unfortunately the truth for this administration is basically anything that makes them look good...

WASHINGTON – Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery.

"There is really no positive spin to put on these numbers," Jennifer Lee, an economist with BMO Capital Markets, wrote in a research note. "The U.S. consumer remains very weak. The jobs situation, while slowly improving, is still dismal."

The Commerce Department said Thursday that retail sales fell 0.1 percent last month. Economists had expected a gain of 0.7 percent. more...


1 comment:

Elisa said...

Your featured cartoon says it all!