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A horrible month.
Plain and simple, February was a horrible month.
The first full month under this new President.
Bad news hardly the fault of this new President.
But troubling that nothing he does improves fortunes "for" this new President.
Here's the deal:
He's the new guy in town.
And most of these 651,000 layoffs were likely in the works before he came to town.
Nevertheless, they happened when he was President.
Executed by employers seemingly not dissuaded to junk these workers, despite the promised relief from this President.
He can't be blamed for that.
He can share blame in this:
He's not building confidence.
Among bosses still convinced things are getting worse, so why hang onto workers.
And among Wall Street traders also still convinced things are getting worse, so why hang onto stocks.
So bosses lay off.
And traders sell off.
And all the while, Washington just looks off.
Off its rocker.
Pushing the same fiscal drugs, the same spending uppers.
Only the drugs ain't working. And the spending ain't getting us up.
Yet the pusher's still pushing, and we're left wondering, why?
So we're down.
Our stocks are down.
Our investments are down.
Our economy is down.
Little incentive to buy. Less incentive to hire.
More incentive to retreat.
A President little more than six weeks into the job cannot be blamed for all these ills.
He can be blamed for providing little reason to think they'll end anytime soon.
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