One bad jobs report is a blip. Three’s a trend. And the United States has now seen three weak jobs reports in a row. Through the first quarter of 2012, the U.S. economy was creating an average of 226,000 jobs per month. In the second quarter? Just 75,000 jobs per month.
So what can be done about the sputtering economy? Congress could try to pass more stimulus. But Congress is deadlocked ”” Republicans are opposed to further action. That puts the spotlight on the Federal Reserve and Ben Bernanke. Right now, unemployment is falling more slowly than the Fed expected when it issued its forecasts back in April. Here’s the chart, courtesy of the Council on Foreign Relations….
God, please save us from the Fed and QEIII. I don’t care to experience hyperinflation. Amen.
“God, please save us from the Fed and QEIII. I don’t care to experience hyperinflation. Amen.”
Amen!
Lord, please guide our politicians so as to not make selfish political decision but rather consider the long-term welfare of those whose income and financial survival will be permanently damaged by run-away-inflation.
Please guide our ploiticians to think and act in a manner that will stimulate our economy and that will put our out-of-work people back to work in productive, self-pride engendering, and rewarding jobs that will make them financially independent of welfare from the government.
Amen