Friday, June 1, 2012

Economy Tanks

The Wall Street Journal reports the U.S. economy is in the proverbial toilet and the stock market put in it's worst numbers of the year.
Employers added a seasonally adjusted 69,000 jobs last month, the smallest increase in a year, and estimates for the two previous months were lowered. The politically salient unemployment rate inched up to 8.2% from 8.1% in April, and the report immediately became a flash point in a presidential race focused on the candidates' job-creating credentials.
Needless to say, Romney blamed Obama for this lack of performance while Obama searched for a silver lining.