Well, it is Thursday so we once again got the weekly numbers for first time unemployment claims. The numbers were awful. Once again, the total was far above 400,000. Even the numbers from last week were revised upward so that the truth is that last week saw and increase, not a decrease in the total. I have written repeatedly about the interpretation of these numbers and will not repeat this again. Suffice to say that the Obama economy continues to stumble. The "bump in the road" of which Obama spoke is turning out to be quite a hill. Even so, Obama remains missing in action when it comes to actually coming forward with a plan as to how to handle any of the current economic mess. Our politician in chief thinks it is better to sit on the sidelines and snipe at the Republicans rather than to attempt to do anything to solve the country's difficulties.
I truly believe that Obama has chosen both a cowardly and a losing strategy. Hopefully, January 20,2013 will see a new president.
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