The Color Of Money

Getting to be the same in value too.

0bama (Zero-bama)

Employers added no jobs in August -- an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.

Worries flared Friday after the release of the worst jobs report since September 2010. Total payrolls were unchanged, the first time since 1945 that the government reported a net job change of zero. The unemployment rate stayed at 9.1 percent.

The dismal news two day before Labor Day sent stocks plunging. The Dow Jones industrial average fell 253 points, or more than 2 percent.

Analysts say the economy cannot continue to expand unless hiring picks up. In the first six months of 2011, growth was measured at an annual rate of 0.7 percent.

SCOAMF.

Seems Like Old Times

Laura Ingraham mashes together the two worst Presidents in history.

Hat Tip: Hot Air Pundit

Speaking of Book Burning

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Hat Tip: Cap’n Bob & the Damsel

Funemployment Now At 10.2%

How's that Hope and Change working for you ?


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Found at Powerline.

The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity.

Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. The jobless rate rose from 9.8 percent in September. Factory payrolls dropped by the most in four months, and the average workweek held at a record low.

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Found over at Innocent Bystanders.

I believe we're off the chart now.

-Dave In Texas at Ace of Spades Headquarters.

Good thing Obummer blew almost a trillion dollars on that stimulus, huh ?

Another Depression ?

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Get Used To It

Stocks tumble, lose 10 percent in 2-day rout

Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.

Major indexes have lost about 10 percent since Barack Obama was elected president -- a vote preceded by a steep rally -- and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.

Paper losses during that time in U.S. stocks came to $1.2 trillion, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in America.

Just wait until he takes office and has a chance to put his insane economic policies into action. How long to you think it will be before we see the return of the Misery Index ?