{"id":2807,"date":"2009-01-11T21:01:47","date_gmt":"2009-01-12T02:01:47","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=2807"},"modified":"2009-01-12T01:11:46","modified_gmt":"2009-01-12T06:11:46","slug":"jobs","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2009\/01\/11\/jobs\/","title":{"rendered":"jobs…"},"content":{"rendered":"\n

The Stock Market Indices lose their diagnostic value in a Recession or Depression. The number that matters is Unemployment<\/strong>, and as we all know, it’s beginning to skyrocket.<\/p>\n

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Unemployment<\/strong><\/font><\/div>\n
[Bureau of Labor Statistics]<\/sup> <\/div>\n<\/div>\n
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In this case, the Unemployment<\/strong> figure is doubly important, because we’re all aware that we’re worried not just about an economic Recession<\/strong>, but an economic Depression<\/strong> [not a slow-down but a halt]. Meteor Blades<\/strong><\/font> at Daily KOS<\/strong><\/font> has some interesting information about those Unemployment<\/strong> figures from the Bureau of Labor Statistics – interesting and alarming. <\/div>\n

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Earlier in this last year of Bush’s tenure, I postulated that the biggest damage was going to come from what George W. Bush didn’t do<\/u>, even though what he did was pretty bad. At the time, that was more of a hunch than anything I knew for sure. It was, unfortunately, one of my better guesses. We now know that his failure to shepherd our economy and monitor the damage from deregulation [even after the heads up of Enron and WorldCom] was disastrous. Now we’re seeing his failures in another realm [even before the financial crisis] – job creation<\/strong>: <\/div>\n
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Category: Job Creation. Bush: Worst. President. Ever.<\/strong><\/a>
by Meteor Blades
Jan 11, 2009<\/div>\n

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As everyone who follows the news knows by now, unemployment was up again sharply in December. Totally expected, of course, and, as nearly every economist is saying, very alarming. For instance<\/a><\/strong>:<\/div>\n