More financial follies
Also from the Financial Times:
Also in today's Financial Times is
this little bundle of joy:
Unexpected rise in US jobless claims
The number of US workers claiming jobless benefits for the first time recorded an unexpected rise last week, diminishing some of the recent signs of hope for the labour market.
Initial jobless claims rose by 18,000 to 460,000 last week, labour department figures showed on Thursday. Economists were expecting claims to decline.
And this is going on while the US Government is hiring 1.6 Million people to work for the US Census. This regime seems to be unable to grasp the simple fact that in a situation like this, a sharp and deep cut in taxes will do more to successfully stimulate the economy than this top-down planning and control that we are doing with little or nothing to show for it...
Posted by DaveH at April 8, 2010 7:44 PM