Obamanomics 101

Yesterday I had lunch with a couple of stock brokers. I was telling them how, in the after math of the tech stock crash in 2000, so many high earning, white collar clients lost their jobs and that in this recession, it appears to be nearly all blue collar types losing theirs.

One of the guys said ".... and those jobs will probably never be back".

After lunch, I thought abut what a pathetic statement that was. Mainly because it just doesn't have to be.

But when you have an administration who seems to think that low level manufacturing plants are oh.... so...... yucky..... kicking out all that pollution and all, is it any surprise we'll never see those jobs for the least among us ever again.

And what more proof do you need than another "unexpected" bad jobs report...........

The number of people applying for unemployment benefits last week jumped to the highest level in three months, a sign that layoffs could be increasing.

The Labor Department says weekly applications rose by 11,000 to a seasonally adjusted 428,000.

The week included the Labor Day holiday. Applications typically drop during short work weeks. In this case, applications didn't drop as much as the department expected, so the seasonally adjusted value rose. A Labor spokesman says the total wasn't affected by Hurricane Irene.

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