Time and time again: this is the effect of Republicans on your government.
Employers slashed 63,000 jobs in February, the most in five years and the starkest sign yet that the country is heading dangerously toward recession or is in one already.
The Labor Department’s report, released Friday, also indicated that the nation’s unemployment rate dipped to 4.8 percent as hundreds of thousands of people — perhaps discouraged by their prospects — left the civilian labor force. The jobless rate was 4.9 percent in January.
Job losses were widespread, with hefty cuts coming from construction, manufacturing, retailing, financial services and a variety of professional and business services. Those losses swamped gains elsewhere, including education and health care, leisure and hospitality and the government.
As the old joke goes, a recession is when your neighbor loses his job, and a depression is when you lose your job. A good friend just got downsized out of his job when his company was bought out, and I only have firm funding through July. I know we’re still better off than a lot of people, but still a pain.
But how are those all important Yacht sales?
Tsk tsk tsk Oliver…always harping on the negatives. We haven’t been hit by republic…uh…terrists in close to 7 years and you’re worried about some insignificant people losing their jobs.
I have a solution…
Stop paying for Iraq and instead rebuild the infrastructure in the United States. There, you’ve solved two problems at once.
http://www.sail-world.com/australia/As-Economy-Slips,-Yacht-Sales-Skyrocket/42098
Good thing we’ve got those small-gubmint Republican’ts in charge, so that we could see an increase in federal gubmint employees along with the decreases from the private sector.
I wonder how many of those 63K positions that were eliminated were corporate executive positions?
I have a solution…
Actually three. End the war, provide jobs AND fix the roads and bridges.
Actually, recessions for the last 20 years or so have tracked pretty closely with which party held the Senate. The 90’s boom didn’t take off until 1995 when it finally stalled out … right around the time Jim Jeffords split. and it didn’t pick back up again until 2003.
Vote Republican for Senate: your wallet depends on it!
Aw come on SF everyone knows the real reason for the slowdown (not recession–nope, not in one, not going to happen) is because the “dims” refuse to make Bush’s tax cuts permanent and they haven’t sent that improved FISA bill to be signed.
Farris is right.
Everyone remembers the non-stop recession that ran from 1955 until 1981 when the Democrats held the Senate for 25 straight years.
What this economy needs is a regressive tax cut. Stat!
OK people…Bush came on teevee and acknlowedged that there “MAY” be a ’slowdown’, but those tax rebate checks plus some more tax cuts for his base will save the day.
WHOOHOO
“Vote Republican for Senate: your wallet depends on it!”
The only way this makes sense is if you are a leftist and are trying to make the Republican party look bad.