Stimulus? What Stimulus?

In what seems to be a repeating headline anymore, there’s a good article on Bloomberg.com titled “Payrolls Fall More Than Forecast, Unemployment Rises”

467,000 some odd jobs gone in June. Unemployment repeatedly setting record highs, now at 9.5% and 10% clearly around the corner.  6.5 million Americans have lost their jobs.

This is how more and more American’s are feeling:

“This will be another jobless recovery,” said John Silvia, chief economist at Wachovia Corp. in Charlotte, North Carolina. “We may get positive economic growth driven largely by federal spending, but people on the street will say, ‘Where are the jobs?’”

Till we quit stimulating government growth and start stimulating “Main Street” America…little will change. The Main Stream Media (MSM) faces a big problem too. They can talk the economy down faster and deeper, but it’s awefully hard to talk it back. The market and businesses have to live in a world of cold hard reality, not political and/or media spin.