http://hotlineoncall.nationaljournal.com/archives/2010/08/romer_to_leave.php Christina Romer, chairwoman of Pres. Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans.
http://online.wsj.com/article/SB100...2990024153682.html?mod=WSJ_hpp_LEFTTopStories The economy shed 131,000 jobs, as 143,000 temporary Census workers fell off federal payrolls. Private-sector employment grew by 71,000 in July after a downwardly revised 31,000 in June. Government employment, not counting Census workers, fell by 59,000. The unemployment rate held steady at 9.5% largely because people gave up hope of finding work and left the labor force. The latest figures confirm the labor market has lost much of its momentum in recent months.
American corporations are flush with cash. From I read and hear talking to two CEO's, as soon as Obama is out and some semblance of stability returns to the government there will be a bevy of hiring.
