Well, the DOW closed down, jobless claims are up, crude is creeping up slowly thanks to OPEC, and wholesale inflation is up. Essentially the market is reacting to Obama’s failed policies. Since everything is going down the toilet that must be what motivated Carter to approve of His policies.

The EPA is about to rule on carbon dioxide which will have a huge negative impact on the economy. This will result in greater market loses. Food and fuel prices will climb regardless of any predicted market turn around. California is increasing taxes which will also have a ripple effect across the country if you consider their produce production, wine, etc. Other states will follow as Federal mandates increase exponentially.

Changes in unemployment rules will also increase the official unemployment roles. This includes rules that provide incentives to states for allowing people to collect UI after quiting “for compelling family reasons” as well as allowing UI for part-time workers.

Things aren’t looking very good for our future so Jimmy Carter can only gladly approve.