Friday, July 20, 2012

How bad is it?

Here, hold my beer and watch this!
It's worse out there than you're hearing about in the mainstream media. Except for number 10, all the bad economic news below came out this week.
1. Weekly jobless claims shot up to 386,000.
2. Foreclosures are hitting our most vulnerable citizens.
3. Factory activity contracted for a second month in a row.
4. Home sales dropped a whopping 5.4% -- the biggest drop in nine months.
5. Retail sales dropped for the third straight month.
6. Consumer confidence dipped to 84.7.
7. U.S. business inventories increased by .3%...8. …sales dropped .1%.9. Food prices are skyrocketing.
10. More Americans are getting federal disability than jobs.
This is why the Obama campaign is focused on Bain, a company where Romney used to work.

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