Reports of the recession's demise are greatly exaggerated

So thanks to President Barack Obama's (D) terrific actions and policies, the recession he inherited from his predecessor, President George W. Bush (R)--not from the Democrat dominated Congress of course--is over.

Well, tell that to all the newly--and still--"unexpectedly" unemployed. As Timothy R. Homan of Bloomberg News reports:

Initial Jobless Claims in U.S. Unexpectedly Increase


More Americans than anticipated filed first-time claims for unemployment benefits last week, a reminder that the labor market will take time to strengthen and may weigh on the economic recovery.

Initial jobless claims rose by 7,000 to 480,000 in the week ended Dec. 12, from a revised 473,000 the prior week, Labor Department figures showed today in Washington.

The causes of the recession, which hopefully won't lead to a depression, are deep and varied; Obama just can't wave his magic wand, declare it over and then poof! be gone recession. Indeed, cap'n trade, policies to combat mythical global warming, untold, billions and more government intervention will only make it worse.