Would that be the stimulus stimulating?

image from fivethirtyeight.com

Nate Silver has a great analysis of the latest job numbers and the trends in our recovering economy. Do we have Obama to thank? I think so.

The Fundamentals of our Economy are Strong?

I thought we answered this question in November. I guess there are some who just can't pull their heads out of their asses. Did they not see the headlines yesterday about Microsoft laying off 5000 people?

NRCC

It's LARGE all right!

Forbes has been hard at work reporting on the Paulson bailout plan. Here is a very interesting article. One piece of complete idiocy jumps off the page. When questioned about the origin of the $700 billion figure, a Treasury spokesperson said:

"It's not based on any particular data point. We just wanted to choose a really large number."

AAAAAHHHHH! Throw them all out.

Economy? What's that?

I'll let this video speak for itself.

Do you have a job?

If the answer is yes, count your blessings. A report out today shows that the jobless rate in America has risen to its highest level in five years.

The big surprise in the report was that the unemployment rate rose to 6.1%, the highest level since September 2003. That's up from the 5.7% rate in July and 4.7% a year ago. Economists surveyed by Briefing.com had forecast the rate would remain unchanged from the July reading.

Read more at CNNMoney

Bush/McCain economic policies sure are working.

8 years of GOP leads to drop in income

Personal income in largest drop in 3 years

NEW YORK (CNNMoney.com) -- Personal income fell in July by the biggest drop in 3 years after surging the prior two months because of $90 billion in economic stimulus payments.

The Commerce Department said Friday that individual income decreased by 0.7% in July after a 0.1% jump in June and a 1.8% increase in May. Economists polled by Briefing.com were expecting income to fall by 0.2% in July.

The sharp decline in personal income was the largest drop off since August of 2005, when personal income plunged by 2.3%, according to the Bureau of Economic Analysis.

from CNN . . read more