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Thursday, April 21, 2011

Jobless Claims -- Another Disappointing Report

The big story on CNBC is how disappointing the jobs numbers are after this morning's report.

For weeks, CNBC and mainstream media have been looking for any silver lining in jobless reports. Reporters kept putting positive spin on the numbers, and indeed, a couple of times, it looked like there might be a ray of sunshine with regard to jobless numbers.

But today's numbers suggests we are back to square one, and surprisingly, the CNBC pundits are actually talking as if this is the "new" reality.

The reason I harp on this has to do with the frustration I have with lack of vision. I can only imagine a "Ronald Reagan" talking about putting people back to work and meaning it.

I am reading Ayn Rand's Atlas Shrugged for the first time. It is very, very painful to read. It was first published in 1957, and unlike Animal Farm which prequeled/foretold/foreshadowed the Soviet Union, Atlas Shrugged prequeled/foretold/foreshadowed the current situation in America. From Wikipedia:
The [female] protagonist sees society collapse around her as the government increasingly asserts control over all industry
Wow, if that doesn't describe America today. It is hard to believe that in the booming post-war years, Ayn Rand could see this coming.

6 comments:

  1. You may enjoy reading" Bourbon for Breakfast: Living Outside the Statist Quo" by Jeffrey A. Tucker.

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  2. Dear Bruce,
    Thank you for your comments.
    Nick Anderson
    Key West, Florida
    33040

    ReplyDelete
  3. Thank you.

    I was out all day with my granddaughters so I missed it. When I get caught up later this evening (we just got back in) I will update it.

    Thank you very much for catching this and taking time to comment.

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  4. With regard to "Bourbon for Breakfast: Living Outside the Statist Quo," you may be correct. I just read the synopsis at Amazon, and it looks exactly like the kind of book I would enjoy.

    Knowing I'm not alone in my frustrations with the overreach of the government makes me feel a bit better.

    Thank you for the recommendation; it's probably an easier read than Ayn Rand.

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  5. Some of the comments/replies appear to be out of order. Hopefully folks can sort them out.

    Regardless, I appreciate folks who take the time to comment.

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