Fewer people applied for unemployment aid last week, the third drop in four weeks...
The Labor Department shook their magic 8 ball and came up with some numbers - the initial claims for jobless aid dropped by 24,000 to a seasonally adjusted 435,000. Wall Street economists expected a smaller decrease, but what do they know? Forecasting on Wall Street is just liquor and guessing.
Applications for unemployment benefits do actually provide a real-time snapshot of the job market. They are a measure of the pace of layoffs and signal whether companies are adding jobs.
Way to go Obama. He's keeping his promise of creating jobs... he got jobs for 63 Republicans just last week.
The Obamas pulled in $2.7 million in 2008, most of these earnings are from his best-selling books "Dreams from My Father" and "The Audacity of Hope". His next book will be titled "Make Sure You Earn $249,999 or Less in 2009".
Obama gives more to charity than most upper-middle class Americans make in an entire year... $172,050. Joe Biden, the VP, only pulled in a mere $269,256. Mr. Biden made about $19,257 too much in 2008... slightly over the magical $250,000 mark. Make sure you pay your taxes! Catch the rest of the details here.
What's your take? Did he bow? Maybe he was rocking some Ice Cube on the flight over...
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