Unemployment jumped the shark today. The elusive 10% barrier has been crossed. What does this mean?
As I was waiting for the report this morning, I "knew", as much as anyone can know, that it would cross 10 percent today. The healthcare bill is up for grabs, two democratic states in 2008 (NJ and VA) elected Republican governors....the tide was coming and it was spouting, "No good news for D.C."
My thought is that as unemployment rises and this "jobless recovery" continues and the DJIA goes above 10,000....is this good for the current administration? Does it scream to the American public, "do more, fast!!!" in order to save us? I hope not. All cycles are just that, cycles. The government did the right thing in stepping in to save GM and the financial services bail out, now we need to let the market settle in...let capitalism take over...and let small businesses grow!
We need to encourage small businesses to become large businesses. To encourage companies to go public. To foster the creation of start up companies. We must, as a society, embrace people who are willing to risk everything, reputation, savings, etc. to start a company. Entrepreneurs are the job creators of






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