The Bush/McCain economy hits another high point

[Peacetrain]

But not necessarily a high point we want or need. McCain is the same canidate that said three months ago this was a good economy. That he was going to continue the Bush policies. We have talking points laid out for us like a map.

We cannot afford even 5 more months of this Bush economy, much less four more years.


WASHINGTON (AP) -- The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

The Labor Department reported Thursday that new applications filed for unemployment insurance rose by a seasonally adjusted 7,000 to 455,000 for the week ending Aug. 2. The increase left claims at their highest level since late March 2002.

A program to locate people eligible for jobless benefits played a role in the increase, a Labor Department analyst said. However, the analyst couldn't say how much of a role.

The latest snapshot of layoff filings was worse than analysts expected. They were forecasting new claims to drop to around 430,000.