U.S. Jobless Claims Rise to Highest in Two Months - BloombergJobless claims increased 15,000 in the week ended Sept. 8 to 382,000, Labor Department figures showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 370,000 claims.
Employment is cooling as a global slowdown and looming U.S. tax policy changes keep businesses hesitant about hiring. Persistent joblessness, which Fed Chairman Ben Bernanke called a “grave concern,” persuaded policy makers today to take another step to bolster the world’s biggest economy.
beneficent ben tries to bail barry out
QE3---today---a done deal
30B per month, open ended, of mortgage backed crap---same tired, old ways
forward---to summer, 2010, the summer of recovery
we already did 2.7T
CNN: Quantitative easing 2 is here
it worked so well we simply must do more
romney and the emperor's new clothes:
Romney: QE3 Shows Obama's Economic Policies Are Wrong | RealClearPolitics“What [Fed Chairman Ben] Bernanke’s doing is saying that what the president’s saying is wrong. The president’s saying the economy’s making progress, coming back. Bernanke’s saying, ‘No, it’s not. I’ve got to print more money,’” Mitt Romney said in an interview with ABC News' George Stephanopoulos.
the inscrutable sphinx, this afternoon:
Bernanke: Unemployment Fall More Than 100% Due To Participation Decline | RealClearPolitics
party on, progressives
be proud, represent