CHESSNOID

As the unemployment numbers get worse, more people default on loans and credit cards.  I imagine that is one of the reasons why my best key word searches currently are “Obama credit card bailout”.

The stock market has been up for about 8 weeks now based on news that the bad numbers expected in earnings reports weren’t so bad or that banks changed their accounting rules to show that they can cook the books to show profits.

As far as the economy is concerned in my corner of the world, these graphs from the Bureau of Labor Statistics  seem more representative of the reality in California.

As far as the entire country, this is what the numbers show:

The numbers are due to be updated again next week. I have no idea which direction it will go, but if I had to guess based on the graphs…

Here is the link to the BLS if you want to check out your state: BLS graphs.

As far as the Obama credit card bailout searches, I doubt the recipients of any more bailouts will be the actual taxpayers but more likely the credit card companies (or the banks who issue the credit cards). Yes, I know the government has already done that and it didn’t work, so they will do it again. I hate these FRAUD bailouts!