It's the recession stupid!!!!!!!!!!!!!!!

With employers now slashing over 80,000 jobs it seems that some individuals in Washington still have their heads up their collective a$$e$. I am still grateful for my federal job because it does entail some relative job security. My contention is with those individuals who are so caught up in "outside" matters that our internal issues are taking a backseat. DO people have blinders on? WTF...here we are with yet another bleak outlook to our flagging economy and I fail to see an end to this mess anytime soon:

WASHINGTON (Reuters) - U.S. employers cut payrolls for a third consecutive month in March and the jobless rate jumped to a 2-1/2 year high, adding more evidence that a housing downturn and credit crisis may have pushed the economy into recession. (Hmmm...you think?)

The Labor Department on Friday said non-farm employment fell by 80,000 jobs in March, the biggest decline in five years. Financial markets saw the drop as reinforcing the need for further Federal Reserve interest rate cuts.

It was the first time the U.S. economy shed jobs for three straight months since a five-month string in 2003, when the economy was mired in a jobless recovery from the 2001 recession.
Adding to the bleak picture, the department said a combined 152,000 jobs were lost in January and February, compared with a previous estimate of 85,000. The unemployment rate jumped to 5.1 percent from 4.8 percent, the highest since September 2005.

"There doesn't appear to be any silver lining. It shows that we're right in the middle of a recession," said Carl Lantz, U.S. interest rate strategist at Credit Suisse in New York. "Our expectation is that it will be a longer recession than the last two, and we're just in the beginning."

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