The theme of the Obama Boom continues to gather strength. The Progressive media will do everything in its power to convince Americans that things are good. Jobless claims fell to 388,000 which is the lowest level since 2008. Sounds good right? Well 2008 wasn’t exactly a great economic year. Job growth had been stagnant since 2006, Gas prices were at $4 a gallon and the financial meltdown began. This is really not good news at all, but it doesn’t stop the media from pushing the Obama boom theme.
President Obama got some early New Year’s cheer Thursday — a positive report on jobless claims that increases the chances that next week will bring the first drop in the unemployment rate since June.
[…]
The Labor Department reported Thursday that initial claims for unemployment insurance by the newly jobless fell by a larger than expected 34,000 last week to 388,000, the lowest since July 2008. The four-week average of jobless claims — a good leading indicator of the direction of hiring by business – also fell to the lowest level since the summer of 2008.
Read the rest: Jobless data are bright for Obama
Things are great again everyone! Send your resume out or demand a higher salary increase! Yeah right, the media is continuing to hope for an economic miracle to save Obama. The reality is, America is the economic sick man of the global economy. We have an outdated tax and regulatory structure. Unless this is addressed, the economic will continue to be anemic as it has been for the last 10 years.
Tags: Obama Boom
