SHOCKER! Stocks Drop as Jobless Claims Rise!
Minutes ago, the AP claims a new report of unexpected rise in jobless claims. This should not have been unexpected to anybody with any kind of grasp on reality about what is going on in the global economy. Also, as one might expect, stocks dropped on Wall St. in response to this shocking news.
The best metaphor that comes to mind about what has taken place in the media over the past few weeks of inflated optimism about the economy is Obama as the Tidy Bowl man and captain of our boat caught in the swirling vortex of a flush. With reporters and pundits as first mates explaining “See? Things are improving because the water is getting more blue”, Tidy-Bowl Obama shouts “WE RUN YOUR LIVES SO YOU DON’T HAAAAAVE TOOOOO!!!” (flushing sound…).
Throughout the recent numbers of optimism that have been touted in the government controlled media, I’ve been looking for something else. It’s called physical evidence. Where is there evidence that we are actually producing anything that would require the need for more workers? Where is there any real indication of newly developed American markets or old ones that are seeing a true rebound? Yes, we Americans who are able, are purchasing things that we need to carry out our daily lives – get up in the morning, brush our teeth, eat breakfast, go to work or look for a job, come home and spend time with those we love… However, the artificial inflation of economic indicators through increased government spending eventually will come to an end. It is fluff, plain and simple. We don’t need more spending that will only encumber our incentive and capacity for economic recovery for the immediate and extended future, nor do we need false promises of better days. Some would just say that “we need a freakin’ job!”