(h/t reader M.G.:
“… here is an article from todays UK Guardian that ought to interest you. The Greedy Guts are upset because they fear their free ride on the backs of the US taxpayer in the $85 Billion a month bleed from the FED will go away because there is minimal growth in the real economy. Any good news for the real economy (and this isn’t very good, of the 195K jobs created, 75K are in hospitality, crap jobs) upsets them.
Here is the article. What awful people we have in power today.”
Related articles:
– 36 Tough Questions About The U.S. Economy That Everyone Should Be Asking
– 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse
– Forbes: Unemployment Is Really 14.3% — Not 7.6%:
And that brings us to a real unemployment rate of about 23%!!!
And now back to your regularly scheduled programming …
– US jobs boom prompts fears Federal Reserve may call time on stimulus (Guardian, July 5, 2013):
Stock markets wobble as employment boom heightens jitters over central bank’s $85bn-a-month bond-buying programme
Last month, Bernanke said the US economy was improving but Washington’s budget cuts were stalling the recovery. Some business leaders and Republicans argue that the imposition of the president’s healthcare laws is slowing hiring, while Democrats say Republican-backed spending cuts are hurting the economy.
Responding to the latest monthly figures, Alan Krueger, chairman of the White House’s council of economic advisers, said: “In the four years since the recession ended in June 2009, the economy has added 5.3m jobs, thanks to the resilience of the American people and policies like the Recovery Act, which helped bring the recession to an end and put us on the path to recovery. With the recovery gaining traction, now is not the time for Washington to impose self-inflicted wounds on the economy.”
Read more‘US Jobs Boom Prompts Fears Federal Reserve May Call Time On Stimulus’ (Guardian)