Is this what a transparent administration looks like? (Full story)
U.S. Endorses Lagarde for IMF – WSJ.com.
Steve Forbes has a better idea – let’s get rid of the IMF and the US can get it’s money back. Immolate the IMF
- Our current expenditures, as a percentage of GDP are at their all time HIGHEST level
- Our current revenues, as a percentage of GDP are at their all time LOWEST level.
via Obama to meet with key lawmakers on debt reduction – The Washington Post.
May 072011
As a follow up to yesterday’s unemployment numbers I came across an article that includes some interesting details about the jobs that were added in April:
Nearly one in four of the April jobs, however, may have come at one company — McDonald’s, which hired 62,000 workers from a million applicants. We’re not knocking Big Mac — it’s a great business — but economic growth can’t be sustained with burger flippers.
and how many jobs need to be added each month to get us back to 2007 employment numbers:
The economy must create about 120,000 jobs a month just to sop up new entrants into the workforce. So even at the current pace, it’ll take nearly four years just to get back to where we were in 2007. Is that progress?
