Happy Birthday America!
Buck July 4th, 2008 - 10:47 amWaPo columnist, Dana Milbank, on assistant Treasury secretary for economic policy, Phillip Swagel’s monthly economic briefing yesterday:
Yesterday’s report that 62,000 jobs were lost brought the total for the first half of the year to 438,000 jobs. Meanwhile, the Institute for Supply Management reported that its measure of the service sector had declined in June. Stock markets, flirting with a bear market, finished another losing week. Oil pushed to a record high. Inflation and foreclosures are up, consumer confidence is down, and administration forecasts for a “strong pace of growth” in the second half of 2008 are look increasingly absurd.
Will this particularly shitty 4th help convince you that Republicans should be swept from control this November… or do you have a death wish for our once-great nation? It’s your choice.
July 4th, 2008 at 3:13 pm
Almost everyone on wall street thinks that Obama is bad for the country, but the 3 smartest one’s no that the US can’t handle another Right winger. They think this country needs a new direction. I will tell you about it @ http://www.theinvestingspeculator.com under What do Buffett, Soros and Volker has in Common?