July Jobs Report A Boon For Obama

The July Jobs Report issued by the U.S. government indicated 163,000 jobs were added to the economy in July, up from only 64,000 in June, and about 70,000 more than expected by economists. However, while the stock market rallied on the news, the number of unemployment claims also rose in July, offsetting the increase. Which is just more evidence that the stock market is an irrational nest of lunatics who have our economic destiny in their unstable and possibly psychotic hands.

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