My Weekly Obama Jobs Report, The I Got Nuthin' And Neither Does Barry Edition

Has this little exercise in political sarcasm run its course yet? Nobody links it, and hardly any of you read it. The news, it ain't never good, and the Democrats aren't even trying to do anything about it.

Dare I run a poll? Hey, why not.

While we await the results of this pointless plebiscite, here's what passes for economic news on the weekend before Halloween.

Whirlpool is cutting another 5,000 jobs from its U.S. workforce, citing lackluster demand for appliances like washing machines and refrigerators. Seeing as how the unofficial theme song for Occupy Wall Street is Dire Straits' Money For Nothing I can't help but note the "look at them yo-yo's" metaphor.

We got to install microwave ovens
Custom kitchen deliveries
We got to move these refrigerators
We got to move these colour T.V.'s

That ain't workin'…!

You know what else ain't workin'? Regulations. There are too darn many of 'em, and they're way too complicated. Compliance costs are killing small business. Big businesses already have armies of lawyers. But the little guy? Every dime he spends on lawyers leaves him less money to hire you.

Of course that's not the kind of thing they think about in D.C. Remember their motto?

"If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
— Ronald Reagan

Not what I'd call a formula for success. Unless you measure "success" by reams of paper pushed.

Unexpectedly (dontcha just love how the bad news is always "unexpected?") consumer confidence has tumbled to a 2½ year low, and home prices remain stagnant. It's gonna be a bleak Christmas this year kids. Maybe Santa will bring us a new president.

Posted at 14:59 by Chris Wysocki   [/economy]   Comments | Perm Link |
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