How do you know the economy is souring?
One indicator that doesn’t come wrapped in a government report is political finger-pointing.
It’s an election year with a sluggish economy and so Republicans and Democrats want to make sure voters know it’s the other’s fault — or at the very least not their own fault.
Take a look at the response to the jobless data today which showed weekly unemployment benefit claims reached a nine-month high.
President Barack Obama, before leaving for Martha’s Vineyard, said the weak economic data underscored the need for small business lending legislation that is stalled in the Senate.
“This is a bill that makes sense and normally we would expect Democrats and Republicans to join together,” Obama said at the White House. “Unfortunately, a partisan minority in the Senate so far has refused to allow this jobs bill to come up for a vote.”