Three articles today underscore the state of the U.S. economy, and none of the news is good.
According to the Labor Department, Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, while the prior week's figure was revised up to 352,000 from the previously reported 350,000.
Then, the National Association of Realtors claimed that Americans bought fewer homes in June than May, “indicating the weak economy could make a modest housing recovery choppy.” Sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37 million homes. That's the fewest since October.
And lastly, an article in The Daily Caller says “the Mexican government has been working with the United States Department of Agriculture to increase participation in the Supplemental Nutrition Assistance Program, or food stamps. USDA has an agreement with Mexico to promote American food assistance programs, including food stamps, among Mexican Americans, Mexican nationals and migrant communities in America.”
So here we have unemployment increasing, home sales receding and the government looking for more ways to spend taxpayers hard earned money while the incumbent is out making speeches telling listeners that Mitt Romney’s record at Bain Capital indicates he’s bad for the nation.
And, as for me, I simply don’t get it.
Because the first requirement of the POTUS is leadership with a capital “L” and that traits been absent for more than three years. And not only that, virtually every decision’s been a wrong one to date.
So my question for today is, how long will the major media and totally misguided supporters allow this farce to continue unmentioned? And since today’s price of oil increased by almost three dollars a barrel, when will those same folks wake up and realize that this nation runs on fossil fuel, not on BS.
That’s it for today folks.
Adios,
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