Friday, April 05, 2013

Jobs

The March jobs report sucked, but mainly because we were hoping for more. Upward revisions for the previous months were nice but the sense of a recovery losing steam was oppressive.

With government spending continuing to be cut, and with big payroll tax increases for those most likely to spend, this is not surprising even if it is infuriating.

Even more disturbing is the re-emergence Wimpbama - desperately seeking compromise at almost any cost.