New claims for unemployment benefits rose more than expected last week, the government said Wednesday, as layoffs spread throughout the economy, more evidence the labor market is weakening as the recession deepens.
The Labor Department reported that initial requests for jobless benefits rose to a seasonally adjusted 586,000 in the week ending Dec. 20, from an upwardly revised figure of 556,000 the previous week. That's much more than the 560,000 economists had expected.
Something tells me that when history looks back at the Bush legacy, even more than failed state building and undermined international credibility, it's going to be the ravaged economy that most people associate with the presidency of George W. Bush, Dick Cheney, and their lackeys.
The fact that he (and they!) have been mailing it in since the election will just blend in with the overall eight years worth of incompetence and corruption.