Friday, September 18, 2009


BANZAI7 NEWS--California’s unemployment rate in August hit its highest point in nearly 70 years, starkly underscoring how the nation’s incipient economic recovery continues to elude millions of Americans looking for work.

While job losses continue to fall, the state’s new unemployment rate — 12.2 percent, according to the Bureau of Labor Statistics — is far above the national average of 9.7 percent and places California, the nation’s most-populous state, fourth behind Michigan, Nevada and Rhode Island. (Reuters)

Earlier this week Ben Bernanke declared the recession is probably over (at Goldman Sachs perhaps).

(Bobby McFerrin, Don't Worry Be Happy)

Here is a little song I wrote
You might want to sing it note for note
Don’t worry be happy
Every semi-century we have some Wall Street trouble
When you worry you make it double
Don’t worry, be Bernanke……

Ain’t got no safe place to lay your little nest egg
One of these days it’ll crumble and you’ll have to beg
Don’t worry, be Bernanke
America's hit record unemployment rates why hyperventilate?
One of these days we may have to raise interest rates
Don’t worry, be Bernanke
Look at me I am Bernanke
Don’t worry, be Bernanke
Here I give you my cell phone number
When you worry call me
I make you happy
Don’t worry, be Bernanke
Ain’t got no jobs, ain’t got no consumer spending or new manufacturing style
Ain’t got no data to make you smile
But don’t worry be Bernanke
Cause when you worry
Your face will frown
And that will bring the market down
So don’t worry, be happy (now)…..

There is this little song I wrote
I hope you learn it note for note
Like good little investor children
Don’t worry, be Bernanke
Listen to what I say
In your life expect some market trouble
But when you worry
You make it double
Don’t worry, be Bernanke……
Don’t worry don’t do it, be Bernanke
Put a smile on your face
Don’t bring everybody down like this
Don’t worry, the jobless recovery is here at last
Whatever it is
Don’t worry, be Bernanke

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