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Jobless claims rise to highest level in 9 months

August 19th, 2010 . by TexasFred

Jobless claims rise to highest level in 9 months

WASHINGTON (AP) – Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.

It was the third straight week that first-time jobless claims rose. The upward trend suggests the private sector may report a net loss of jobs in August for the first time this year.

Initial claims rose by 12,000 last week to 500,000, the Labor Department said Thursday.

Construction firms are letting go of more workers as the housing sector slumps and federal stimulus spending on public works projects winds down. State and local governments are also cutting jobs to close large budget gaps.

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Jobless claims rise to highest level in 9 months

Jobless claims rise to highest level in 9 months, but we ALL know.. It’s Bush’s fault. Right?

Today, Aug. 19, 2010, the Dow Jones closed at 10,271.21.

That’s down 144.33 from yesterday, but hey, we ALL know, it’s Bush’s fault… Right?

Mexico’s peso dropped the most in a week as the U.S., the nation’s largest trading partner, said initial jobless claims rose unexpectedly. SOURCE.

I’m pretty sure that’s Bush’s fault too.

New research confirms the existence of a huge plume of dispersed oil deep in the Gulf of Mexico and suggests that it has not broken down rapidly, raising the possibility that it might pose a threat to wildlife for months or even years. SOURCE.

That’s has Bush AND Cheney written ALL over it!

The Obama family is on vacation again. “Instead of politicians and polls, the Obama’s encountered pony farms and ponds. Instead of filibusters, the Vineyard offers fishing. And the only things getting hung out to dry were beach towels.” SOURCE.

Obama must be worn out from all that golf he plays, and blaming Bush for everything has got be tiresome. So, I guess this vacation can be blamed on Bush too.

A spike in layoffs feeds fear of faltering recovery — “Layoffs are back, and that’s bad news for the fragile economic recovery.” SOURCE.

Without a doubt, yep, you guessed it, blame Bush!

And then there’s all those nasty rumors floating around saying that Barack Hussein Obama is a Muslim. The White House says Obama is a Christian, and goes on to say he prays daily. SOURCE.

Surely those wicked accusations were started by Bush and nothing at all to do with the words or deeds of Obama? Yep, it’s Bush’s fault!

Here’s MY big question; WHEN does it become Obama’s fault? When does HE start to accept the blame for the mess this nation is in?

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