Reason #5 and #6 for the '2012' like Destruction of the Obama Administration

Aside from the fact that DC has experienced Apocalyptic weather in the last eight months.... here is the real scary news:

5. The Continuing Loss of Jobs is Staggering

The new unemployment numbers came out today. New unemployment claims were 500,000. This is the highest it has been since November 2009. Not only are employers not hiring.. they are laying off workers at a record number. There was no unusual circumstance for this increase, just a growing sense of uncertainty as to this country's economic future.

The number of people continuing to receive unemployment benefits is 4.5 million. This number doesn't include those people who are receiving extended benefits from the federal government. That number is 5.6 million. Unbelievable..

6. The Growing Gap Between the 'Haves' and 'Have Nots'

Sears, a giant in the retail industry, which includes K-Mart, had a drop in their expected earnings for the 2nd quarter. Why? .. competition from retailers such as Target and Walmart, and also the lack of consumer confidence from their target audience. The middle class in America is beginning to disappear and they are now becoming the poor in America.

On the other hand, the William Sonoma company, which owns Pottery Barn, both very upscale and pricey retail stores, have shown remarkable increases in expected earnings. The wealthy who still have disposable income are spending that money with seemingly no worries about their financial future.

In conclusion: both of these trends signal a dire situation for our country's economic future in the short term. And this is Obama's economy now.... not Bush's.