Site for Free Markets and Free People

Thursday, May 26, 2011

Unemployment Up; GDP Still Stinks

Obamanomics is working as expected: after spending to the point of near insolvency with no slowdown in sight, we keep getting awful economic news. GDP has "unexpectedly" slowed to 1.8%, jobless claims were "unexpectedly" up by 10,000 and personal consumption "unexpectedly" slowed to 2.2%.

But I'm sure that four more years of Obama's policy will help tremendously.