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Nancy Pelosi: 500 million jobs a month at stake

I have always wondered what color the sky was in Nancy Pelosi’s world. I suspect it is something sort of psychedelic with a unicorn or two thrown in for good measure.
 
Of course, that wouldn’t be so worrisome to me if Nancy didn’t seem to driving the magic bus these days, but unfortunately she seems to be firmly behind the wheel.
              
And like politicians of every stripe, she ready to take us all for ride down the rabbit hole. But don’t worry, she has promised to take us all to a land of make believe where our problems are solved with a government issued magic wand. In it, she’s something of the Queen.
 
So I guess we can forgive her for commenting that 500 million Americans will be losing their jobs if we can’t get an economics stimulus package past those dunce caps, otherwise known as Republicans.
 
But don’t let the fact that there only about 306 million American alive today distract you.
 
At least she can spell potatoe.
 
Here’s a peek into Nancy’s colorful world via C-Span.
 
 
By the way, here’s a peek into the real data….
                                                                                         
From Bloomberg by Shobhana Chandra entitled: ADP Says U.S. Companies Reduced Payrolls by 522,000
 
“Companies in the U.S. cut an estimated 522,000 jobs in January as the economy weakened at the start of the year, a private report based on payroll data showed today.
 
The drop in the ADP Employer Services gauge was less than economists forecast and followed a revised cut of 659,000 for the prior month.
 
Employers are slashing workers as clogged credit markets and slumps from housing to manufacturing threaten to extend the longest recession in a quarter of a century. Persistent job losses will probably further curb consumer spending, which represents about 70 percent of the economy.
 
“We’re in for several more months of bleeding on the jobs front,” Joel Prakken, chairman of Macroeconomic Advisers LLC in St. Louis, said on a conference call with reporters.
 
The Labor Department may report in two days that the economy lost 535,000 jobs in January and the unemployment rate jumped to a 16-year high of 7.5 percent, according to median forecasts in a Bloomberg News survey. The U.S. lost almost 2.6 million jobs in 2008, the most since 1945.”
 
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Baltimore Personal Finance Examiner

Steve Christ is the managing editor of Baltimore-based WealthDaily.com. Published by Angel Investment Research, Wealth Daily provides independent...

Comments

  • bernie 3 years ago
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    time for nancy to go the. dem's have $500,000,000,000 in pork in there pakage

  • cryermd 3 years ago
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    Nancy Pelosi is very scary indeed. She cannot answer a question if her life depended on it, at least not with a real answer. I think she may have used too many drugs in her younger days, maybe she still is. Anyway, she is a danger to this country and our economy.
    She should be impeached!!!!

  • Bill Howard 3 years ago
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    So, if she's off by a factor of 1,000, should the 800B bailout really be 800M? Naw, that's only $2.50 each - not much of a bailout.

    Just wondering.

  • Annie 3 years ago
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    Did you mean to misspell potato? I think so...

    Do you think any of these leaders are under a little stress these days, as jobs disappear at an alarming rate and the economy slides into uncharted territory, and you're focused on an obvious misstatement? We need to all take a breath and stop this nasty chipping. Focus. Work together and be a little more adult. Or we'll be slinging petty mud as the country we love just slips away.

  • Tom Dunkin 3 years ago
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    I think you need to do something adout it and fix the problem asap before things get worse.

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