When Ronald Reagan took office in 1981, the Iranian mullahs were so convinced of his leadership and strength that they immediately released the hostages they had held for 444 days.
When Barack Obama became president last week, American businesses were so concerned about his lack of leadership and failure to understand basic market principles that they began lopping jobs faster than ever before. 71,000 lost jobs on Monday alone.
I guess its up to the businesses of America to be the party crashers and have to break the news to people that, despite the hope and change being peddled by Obama and shoved down our throats in a non-stop media O-rgasm - things are tough, and Obama's ascendancy hasn't done a darn thing to fix it... Most of us in the real world still seriously doubt this man's preparation and ability to the job he's been elected to do.
The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, as layoffs spread throughout the economy.
The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967.
A department analyst said that as a proportion of the work force, the tally of unemployment recipients is the highest since August 1983.
The total released by the department doesn't include about 1.7 million people receiving benefits under an extended unemployment compensation program authorized by Congress last summer. That means the total number of recipients is actually closer to 6.5 million people.
image courtesy of The Black Sphere
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