The word is, only 610,000 people filed for unemployment last week (a holiday week). That’s a drop from previous weeks.
Let’s all go out and buy a car.
Of course, let’s face it, the number would almost have to go down at this point, simply because there are fewer people left out there who are actually employed so that they can be layed off.
Then there’s that pesky news about home forclosures that are on a serious rise, since that temporary Presidential AKA “Bandaid” moratorium on foreclosures expired on March 31. Nothing like putting off the inevitable, eh? The bandaid fell off, look for the scabs brought to you by the same Wall Street industry that took hundreds of billions from your children and grandchildren, and then doubled your credit card rates in mid-stream– and got away with it. Boy those political contibutions to Congress sure must be rolling in, because Congress is making sure they drag their feet on stopping those credit card interest rate increases.
But don’t worry, just as soon as everybody’s credit scores are trashed and just as soon as all the interest rates are at the Loan Shark level, Congress will be outraged. Why….they will have had NO idea this was happening! If they had only known!
Like I said, Don’t Worry!
Really, be patient. It’s all just simple math. Using Government statistical methods, just as soon as unemployment reaches 100% and everyone has collected his or her last unemployment check, everything will level off , and the official unemployment rate will be zero.
Everything is under control folks. Fed Bagmen Tim and Ben are on the job. They are going to arrange to give another hundred billion to launder to your bank as a reward for raising your interest rates– and everything well be just fine. And the Global Warming people are On The Job. They will save the earth. Too bad nobody living in it will live to see it, but hey, small price to pay, right?
Don’t worry! Be happy!