Tuesday, May 09, 2006

Life in the Bush Economy: Fat, Drunk and Broke

Ain't it the truth?

Oh, well...the first world was nice while it lasted. Too bad it was as a result of so much horror, anguish, poverty, death and destruction; not to mention injustices and insults of all kinds.

We, in America, will be very lucky if we only have to adjust to the 2nd world.

However bad it turns out to be, we are about to get a major Karmic smackdown.

Life in the Bush Economy: Fat, Drunk and Broke:

"05/08/06 -- The Bureau of Labor Statistics payroll jobs report released May 5 says the economy created 131,000 private sector jobs in April. Construction added 10,000 jobs, natural resources, mining and logging added 8,000 jobs, and manufacturing added 19,000. Despite this unusual gain, the economy has 10,000 fewer manufacturing jobs than a year ago.

Most of the April job gain --72%--is in domestic services, with education and health services (primarily health care and social assistance) and waitresses and bartenders accounting for 55,000 jobs or 42% of the total job gain. Financial activities added 26,000 jobs and professional and business services added 28,000. Retail trade lost 36,000 jobs.

During 2001 and 2002 the US economy lost 2,298,000 jobs. These lost jobs were not regained until early in February 2005. From February 2005 through April 2006, the economy has gained 2,584 jobs (mainly in domestic services)."

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