The economy is a double-edged sword
On one hand this economy is painful for just about every American, with the immediate economic prospects not looking all that great. At least at this point.
On the other hand it is this very economy that might present the best chance the country has to get Obama out of the White House in 2012!
Nobody wants a weak economy in the same way that no one wants another round of quantitative easing (QE 3 could be devastating for the country), but the facts right now are unfortunately the facts.
The economic data released so far this week has not exactly been encouraging with the grandaddy of them all, the employment report for May, set to be released tomorrow morning at 8:30.
At 8:31 there will definitely be a clearer picture of where the U.S. economy stands.
Gallup employment charts
For background analysis from Gallup on the historical unemployment rate, underemployment rate, rate of part-time workers seeking full-time work and a survey of optimism among job seekers, visit The Economic Spy.
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