Saturday, March 06, 2010

Life in "Progress" State

Once again from the golden sate of California, where there hasn't been a conservative in the state since Dag rolled the first wheel down the San Andreas fault......

California's January unemployment rate rose to 12.5 percent from a revised 12.3 percent in December, according to the Employment Development Department.

Despite the uptick, non-farm payroll jobs increased by 32,500.

The number of people unemployed in California was 2.27 million - up by 32,000 over the month.

The new numbers show a possible stabilization in the state's unemployment, said Stuart Dorsey, president of University of Redlands and former chief economist for the U.S. Senate Committee on Finance.

"We're probably close to the bottom whether this month or next month or the month after," Dorsey said. "We're going to be slow coming off of the bottom, so we're not looking for, certainly within California, any kind of very rapid reduction in the unemployment rate from high levels."


You know what California needs right now? A tax increase.... or so says those really smart liberals who run the state.

What's so "progressive" about 12.5 % unemployment which looks to stabilize next month or the next month or the month after that or the month after that.....?


More.....



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