|The last 420+ days of our economy using a diverse model rather than a focus on Wall Street|
rather than where our government wishes us to turn our vision.
Click on this chart if you wish a larger version.
Click on "read more" for the more complete story.
5/16/12 - This was written a few days ago. Things have continued to decline. This month is now the worst month since September 2011.
I am registered as a Democrat. I try to see the logic in our President's antics and the lack of effectiveness of all parts of our government but no matter how I try to look at things, we appear to be a nation of no direction, no leadership, no Captain at the proverbial helm of the ship.
The logic that the current administration was handed a big problem was something that made sense to me and many other Americans ... for a while... but this excuse is a bit old at this point. If one looks at the data such as the chart below or the unemployment situation, or many other indicators, it is clear that we have no leadership in our nation and no strength in our leadership.
|Chart at the end of the market on 5/16/12. |
The scale on the bottom of the chart are days
Click on the chart for a larger and more clear version.
As if things were not bad enough it seems as if they are going to get worse based on statements from our Governor and the Mayor of Los Angeles.
For those who may think I am being something of an alarmist, perhaps look at just a few of the reports of people who joined the ranks of the unemployed this month. Some are already out of work and others will receive their termination news in the next two weeks.
These are just a few of the companies that are large enough and are required to report this information. Bottom line - things are not getting better.
|2,606 soldiers who have come home only to file for|
unemployment in one week. If the number above does
not scare you do a little math. Over 10,000 of our veterans file for
unemployment EVERY month!
Click on the image if you wish a larger presentation.
|More news which attempts to put a positive slant on a bad situation.|
The reason the unemployment rate declines is that the earlier
waves of people who lost their jobs are no longer counted when their
benefits expire after 99 weeks.