J-O-B-S

In one of his more well-publicized gaffes, Vice President Biden said of John McCain: "Look, John's last-minute economic plan does nothing to tackle the number-one job facing the middle class, and it happens to be, as Barack says, a three-letter word: jobs. J-O-B-S, jobs." Actually, of course, it's a four-letter word, and it was his job and the president's to create a climate for job expansion, and they failed. The evidence is now overwhelming: they have created the worst employment climate in decades.Tyler Durden at Zerohedge sums up the week's bad economic news: Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work. The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for...(Read Full Article)

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