THIS is pathetic – 18,000 US jobs added in June 2011. May 2011 job numbers were revised down from 54,000 jobs added to 25,000. Is this the best Obama and the Congress can do? I am truly stunned.
http://www.msnbc.msn.com/id/43682716/ns/business-stocks_and_economy/
US Companies are sitting on mountains of cash. Seems like a win-win situation for this country, why isn’t it?
http://www.cnbc.com/id/43499606/Firms_Have_Record_800_Billion_Of_Cash_But_Still_Won_t_Hire
This is the moment of truth in the US. We have $14 trillion in debt and will reach our debt ceiling as a country on August 2nd if Congress doesn’t decide to raise it. We would default on our previous obligations as a country. THAT is unfathomable to me and unprecedented. Its embarassing that we should even be in this position. Caught with our financial pants down. In the meantime, back in Washington, Congress is still “debating” whether to raise the debt ceiling or not. Seems like a no-brainer to me. They’re going to have to raise it eventually, why not do it now? Why the Cliffhanger? We’re going to Hell here.
Congress has decided to use the issue of raising the debt ceiling as a bargaining chip. Its a dangerous game of chicken that they’re playing and they’ve created FUD in the process. Obama and the Congress have got to negotiate a compromise. Its going to be painful to all I think, but necessary. Isn’t the writing on the wall?
AV
