This is interesting. Apparently the federal government is issuing a report “revising” the US employment data to show that 840,000 additional jobs have been lost, thereby revealing a dramatically worse labor environment than previously reported.
Of course this is bad news for President Obama and the Democrats whose stimulus package has decisively failed to stimulate anything but our national debt and government payroll. But this is even worse for the nation and the people currently seeking jobs. The nation is hurting right now and Mr. Obama and his party are focusing on raising taxes, increasing the federal payroll, and enacting a budget with an enormous $1.3 trillion deficit. One can only hope that the approaching reality of November 2010 will scare them out of their government-induced stupor.
