The weekly new claims for unemployment were 423,000. Oh, and last week's number was revised higher as usual. This number sucks. Sure, it could be worse, but it could be a lot better. At 423,000, there is little hope that jobs are being created even at a sufficient pace to keep unemployment unchanged. I have been writing about this number every week since the figure got above 400,000 in a "surprise" last March. For a month or two, we heard from the Obamacrats that the bad numbers were a surprise. Then they shifted to calling them temporary. Now they are just another fact of life and the president has shifted from trying to create new jobs (something at which he has clearly failed) to trying to raise taxes on the folks who actually create most of the new jobs in the country. Somebody better send Obama a clue, since he certainly seems to be clueless when it comes to dealing with economic problems.
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