July is going to be very bad.
For Obama, I hope the July 4th tea parties are very bad, indeed!
I figure that the nationwide unemployment rate is going to hit ten percent by then. Still, the effects of the recession are not being felt evenly. My lady and I went to a restaurant tonight with three of her work friends, and by 5:30, the place was chock full of people on a Sunday night. Mind you, this is in the town where Bernie Madoff's accounting firm was located, you know there were a lot of people in that town who lost their shirts to these crooks.
I think our glorious politicians now running things and the LSM are failing to also mention the next big set of ARM’s are due to reset June, July and August. Add this on top of the jobs news, not good.