Friday, December 5, 2008
More Job Losses for November
It is being reported that US employers have had to lay off 533,000 jobs in the month of November. This is the biggest monthly cut since 1974 according to the US Labor Department. The unemployment rate is now at 6.7%. No one has seemed to really care what the President has to say anymore but the President-elect has been quoted "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better." Not to take anything from him but Steve Forbes has been quoted "the worst is over". Does anyone seem to think they know what he's talking about? Is he just trying to instill confidence? There's gotta be a more savvy way to do it!
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2 comments:
I don't think that Obama is trying to instill confidence with that quote, I think that he's trying to be honest with the public. It's refreshing that a politician is trying to do that, but I hope that it doesn't cause further panic about our current economic situation.
I said Steve Forbes was trying to instill confidence not Barack Obama.
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