Feb 6

Written by: Russ Henke
2/6/2009 5:59 AM 

The legacy lingers if not the man. Already 14 months old and counting, Bush 43’s second recession in 8 years dealt another body blow to the staggering US economy in January 2009.

The US labor department reported just this morning that US employers eliminated 598,000 more jobs in January, the most since 1974, and drove the US unemployment rate to 7.6%, further proof that the nation's job climate continues to deteriorate at an alarming pace with no end in sight.

The latest net total of actual job losses for January 2009 was far worse than the eye-popping figure of 524,000 that economists had been predicting. Job reductions in November and December also were deeper than previously reported, and no doubt January’s numbers will increase as well.

Think we need a Stimulus Bill passed quickly? Think tax cuts alone will do the trick?