Last Thursday, the jobless claims numbers came out and everyone was semi-gaa-gaa over the fact that it had “shrunk” to 539,000..from what?

So, as my working-stiff existence permits, I want to delve into the historical posts on the internet and possibly some hard stats on the BLS site to compare how this number compares to data when GW was in office — especially after 9/11.

I am not talking a simple recounting of numbers that were consistently under half a million per month, but the screaming, BDS-ridden, mantras about how “Bush lied and people..well..go laid off” that cite shocking and appalling trends. You know like 200K for the past month and (as I remember seeing) “Bush’s policies lead to 19,000 losing their jobs last week. (Hmmmmmmm, lesseeeee. Four-point-three-three-three times 19,000 gives us what?)

Anyway, when I come up with this compendium, I’ll post back here with links so you can show them how this steaming pile in DC is screwing up our economy and our lives.

(Note: cross-posted on The Illustrated Conservative site.)

The US is indeed having difficulty selling debt instruments on the international market. Even the Chinese are getting concerned.

When Obama can’t sell these to cover the deficit, his only option will be to increase the money supply. This will lead to very rapid inflation – some of which we are already seeing. Inflation will drive up interest rates. Higher interest rates drive up unemployment.

This is a well-worn path, though. Jimmy Carter proved that this methodology of managing an economy is a disaster – particularly for the American middle class. Obama surely never studied the Carter years.

For a list of similarities between Carter and Obama – and why Obama’s results will be far worse that under Carter, you can hit:

http://firstconservative.com/blog/political-humor/political-humor-jimmy-carters-disastrous-legacy