Friday, March 6, 2009

Obama Recession: Daily Update

Geez! It's getting worse by the day now! The Dow continues to free fall today, reacting to unemployment news.

(Source: Misery Index/Gateway Pundit)

The Associated Press reports unemployment is at a 25-year high:
The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession.

Both figures were worse than analysts expected and the Labor Department's report shows America's workers being clobbered by a relentless wave of layoffs unlikely to ease anytime soon.

The net loss of 651,000 jobs in February came after even deeper payroll reductions in the prior two months, according to revised figures released Friday. The economy lost 681,000 jobs in December and another 655,000 in January.

The Wall Street Journal says Obama's Radicalism Is Killing the Dow.
Food Stamp enrollment his a record high.

A record 31.8 million Americans received food stamps at the latest count, an increase of 700,000 people in one month with the United States in recession, government figures showed Thursday.

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