Another day and another round of bad news about the US economy:
"The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week to the highest level in close to six months, the latest evidence the economy's recovery is faltering. " (Reuters)
"The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week to the highest level in close to six months, the latest evidence the economy's recovery is faltering. " (Reuters)
What in the world is going on?
Why isn't the largest economy in the world bouncing back?
The answer is that businessmen are concerned with tax increases and health care mandates that no one understands.
What happened to "Tax the rich"? Whatever happened to "Bush cut taxes for the rich"?
In the US, the rich are often small businesses, such as the restaurant down the street or the print shop or the retail store.
Small businesses hire people!
And they are not hiring any these days!
Eventually, someone will have to tell Pres BO & the Chicago clan that it is not working.
"Staying the course" works if the public sees a light at the end of the tunnel.
In this case, the light at the end of the tunnel is a train coming our way!
