At least it wouldn’t be to Ben Bearnaked.
Benj continues to reluctantly admit that things are maybe, possibly, not quite so hunky-dory as he’d like them to be. If you grab his nuts and twist he’ll tell you that we’re kinda sorta headed in the general direction of a recession but we could just as easily be headed for the land of unlimited ass and ice-cream. And he’ll keep saying it until he is chased out of town in January, despite news like this:
The Labor Department numbers released yesterday were far worse than economists had forecast [Translation: Even with all the fudging in the world the DoL couldn’t make things look good – ed]. The unemployment rate rose to 5.1 percent from 4.8 percent in February and 4.4 percent in March 2007. Employers reduced their payrolls by 80,000 jobs in March, the third straight month of decline. And the department revised the previous two months’ employment levels down by 67,000 positions.
Got it? The house isn’t necessarily on fire, we may or may not be in a recession and if we all rush out and spend our “up to $600” rebate checks on stuff this will make everything all better.
I think people should pool their rebate checks and buy this nice bridge I can no longer afford to keep.