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June 1, 2012

White House Translation Service: "We're going to need bigger lies."

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The jobless rate rose to 8.2 percent from 8.1 percent in April.
Stocks, already on the ropes due to a steady diet of troubling news out of Europe, slid sharply at the open with the Standard & Poor's 500 index down 1.6 percent in the first half hour of trade. Investors rushed into the safety of government bonds pushing the yield on the benchmark 10-year Treasury note to a record low below 1.5 percent. The dollar fell against the euro. The White House expressed disappointment in the data. "We'd like to see faster job growth," Alan Krueger, the chairman of Obama's Council of Economic Advisers. -- Job growth stumbles - Yahoo! Finance

Posted by gerardvanderleun at June 1, 2012 8:51 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

It looks like everything is going according to the plan for the progressives.

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