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Friday, September 05, 2008

The numbers don't lie - this economy is terrible



An eye popping graphic on the Reuters front page today that highlights McCain's problem this year. He admits that he knows nothing about economics besides wanting to read Greenspan's book and what Phil Gramm (a central figure on the credit crisis) tells him. Not many people are brave enough to admit admiration for Greenspan at this point and Foreclosure Phil is not a popular fellow either since he can't stop calling voters whiners for being upset about the Republican economy. Keep in mind that the US economy needs to generate roughly 150,000 new jobs per month to keep even with incoming workers. This year is negative and 2007 only offered two piddly months above that mark and one was just barely over the top. McCain can run but he can't hide forever from this disaster.

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