The economy was doing a lot better before the Democrats controlled congress…
Pink slips piled up and jobs disappeared into thin air in May as the nation’s unemployment rate zoomed to 5.5 percent in the biggest one-month jump in decades. Wall Street swooned, and the White House said President Bush was considering new proposals to revive the economy.
Help-wanted signs are vanishing along with jobs, so the unemployment rate is likely to keep climbing, a government report indicated, underscoring the toll the housing and credit crises are taking on jobseekers, employers and the economy as a whole.
Adding to the pain, oil prices soared to a new record high, while the value of the dollar fell.
The Dow Jones industrials tumbled almost 400 points.
If you want the economy to move in the right direction then vote Republican in November.
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