we’ve recently been told that Christmas sales were dismal.
Applications for unemployment insurance increased.
Retail chains are closing down stores.
Millions have stopped looking for work.
Homes sales have dropped.
Despite all of this - we managed to have robust growth.
Yeah... One of my sons is in a profession in Wisconsin where two or three times a year they are laid off for a few weeks (Union crap ya know?!) and when they are they file for unemployment, which I might add they are legally entitled to as the employers pay unemployment insurance just like every employer does. It's not some "extension" or some scam that's used to pilfer the tax-payers out of our hard earned money it is just the nature of the industry he is in. That said, I'd just a soon do away with unemployment altogether.
Anyway... During their last break over the Christmas holiday season it turns out Wisconsin discontinued accepting unemployment applications. Seems they were over extended paying all the "extended" benefits obama ordered them to pay to people that haven't worked for a couple of years.
Know this... We cannot believe anything this administration and their shills tell us.