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Nancy Pelosi: "500 Million American Jobs a Month" at Risk

Written By Brian Hicks

Posted February 4, 2009





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 these days.

So I guess we can forgive her for commenting that 500 million Americans a month 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 peak 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.”