This morning the new jobs report was posted by the BLS stating that unemployment had dropped from 10.2% to 10%. I was actually up at 3am working on something else because with 18 jobs, (count em’, 18 total), listed in the local newspaper, some random employer is not going to save my family’s bacon. I waited to see what the number was. When I saw a drop of .2% from October, I had to wonder, what’s up with that? How could the numbers be going down when I know more people out of work, storefronts continue to empty, and most of the “stimulus” has not been spent. Yes, the stock market is going up, and then down, and then up, but gold has made an olympic sprint for regions unknown. We know that small businesses are credit starved by the banks, and investors are waiting around to see how bad this administration’s policies are going to get before they jump in the pool again. So what ‘s up with a .2% decline? Are we all just chicken littles screaming about the sky falling, or are our eyes, ears, and gray cells deceiving us?
Donald Trump has some very interesting thoughts for the pResident in regards to the economy and China. Part 1: Watch the latest video at video.foxnews.com Part 2: Watch the latest video at video.foxnews.com (Part 2 will be aired on 11.4.2010. I will add it here when it becomes available.)