Legal Commentary

Here's "The Rush," Mika: 600,000 Jobs Lost In January

By Big Tent Democrat

Devastating jobs numbers:

The country moved into its second year of uninterrupted job losses last month, with companies shedding another 598,000 jobs and the unemployment rate moving up to 7.6 percent, the Labor Department reported on Friday. . . . Employers in the United States have shed jobs every month since January 2008, for an aggregate decline in payroll employment of 3.1 million.

While the Beltway "bipartisan" BSers fiddle, anyone sentient and living in this world knows we need bold and substantial government intervention:

Ian Shepherdson, chief North American economist for High Frequency Economics in Valhalla, N.Y., said the government had become the only source of energy left to break the cycle of slumping demand for goods and falling production. “The public sector needs to act,” Mr. Shepherdson wrote in a note to clients. “It needs to prevent an endless spiral of attempts to increase saving, leading to reduced spending, leading to reduced incomes, leading to further attempts to raise savings, and so on.”

Will the Beltway "bipartisan" BSers stop fiddling now?

Speaking for me only

Full post as published by TalkLeft on February 06, 2009 (boomark / email).