Hey Rick, seems to be worded in a tricky way, "Jobless at 20 year high
Most unemployment claims since 1983
By JUDITH SCHOOLMAN
DAILY NEWS BUSINESS WRITER
Jobless claims have been rising this year.
"In an ongoing sign of the weak economy, the number of Americans getting unemployment benefits hit the highest level in more than 20 years during the last week of May."
A couple of qstns,
1. What is the number of Americans "employed" now vs. 20 years ago? Are their more Americans employed as well as more unemployed? Implying that "there are more Americans?"
2. On-going sign of the weak economy... I believe all indications were that the recession began in the Clinton presidency and these things neither occur in a flash or disappear in a flash. It's like a large ship trying to turn. The economists I listen to on Sunday morning and read in the financial journals all say that the leading economic indicators are all positive? How can you have such an antithetical view of current trends?
i.e., “The Wall Street Journal reports that, between Oct. 9, 2002, and May 9, 2003 (Oct. 9 being the market's low), the Dow Jones Industrial Average jumped 18.1 percent. If that pace continues, the Dow will be up 31 percent for that 12-month period.”
That’s a good thing, right? Or are you hoping that things go down hill, so that Bush will be blamed? I do believe we’re struggling, but I also believe (like it or not) that President Bush’s stimulus (read tax cuts! That’s right tax cuts stimulate the economy) are helping and not hurting. Additionally, virtually everyone polled trusts the republicans more with national security than the democrats.
I’m afraid you’re in for another 4 years of dubbya 🙂
And thankfully, that's a good thing for the American people.