Bad Economic News

Today’s weekly jobless numbers rose by 27,000 to 412,000. Not good news. In addition, the Core Producer Price Index  was up .3% from up .2% in February. That means inflation is continuing to rise.

CNBC’s Squawk Box neutered Rick Santelli this week, barely letting him comment. The star today was Steve Liesman with a ridiculous remark. He agreed with the other pundits that Obama’s speech offered nothing and did nothing to move things forward in a bipartisan way. It assured gridlock. Still, he got this in, “Do you at least acknowledge how good Obama is when he has something to criticize? And Ryan walked right into it.” Huh? I guess he had to find some pony in all the manure Obama was shoveling.

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