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Wednesday, June 04, 2008

May job cuts up 46% from 2007

Even just looking at the April to May period, the US cuts are up 15%. We know what a McCain presidency would look like since we've lived it since Bush arrived. When you marry into deep pockets as McCain did, none of this registers. For the rest of us, we can't afford a third Bush term.

Meanwhile, ADP reports 40,000 new jobs added last month and Wall Street is ready to celebrate. Yes, they are going to celebrate despite seeing only about 25% of the new jobs that we need to see to break even. This gives us a good idea of how bad the situation is that they think this is good news.

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