The Real Indicator the Economy is Moving into a Deep Recession
Although the stock market dropped another 300 plus points today and is now below the 10,000 pt mark. The real story is hearing the loss of 159,000 jobs lost in September and the report will be much worse in October due to the current financial crisis and the freeze on credit.
The sign that the economy is in the tank is that the creation of jobs substantially is dwarfed by the loss of jobs over the last 8 years. With an election year we need to hear our candidates talking about how they are going to create more jobs, not the smear tactics that have been publicized by the media over this weekend. We as Americans want to know how each candidate plans to create jobs to stimulate the economy. Having said that, this election year is more important than any election in past history.
Selecting the wrong candidate can make the Bush Years look like Camelot. Electing the wrong candidate who may drive the economy into a deeper recession and having no idea how to get us out of this mess, that would be the real crime.