HEADLINES

Thursday, October 14, 2010

Anyone notice that the economy flatlined the minute after ObamaCare was signed into law? Initial wee

Including the just released data, this is what the initial weekly jobless claims look like since the first week of 2008:
Coincidence? From the AP via The Detroit News: Applications for jobless benefits rise to 462K
More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.

Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said today. It was only the second rise in two months.

Jobless claims have been stuck near 450,000 all year. ...
Actually, the numbers were higher at the beginning of the year and have been stuck around 450,000 since ObamaCare came to fruition. I claim, based on the US Department of Labor data that ObamaCare is likely the causal factor for causing the stagnation that we have now. And just wait until the inflation kicks in from the overspending, borrowing and printing of money by this regime. It'll make the stagflation of the Carter era seem like Utopia. Obama is focused only on his liberal agenda, not on jobs:







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