Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Employment Data May Be the Key to the Presidentís Job (The socialist experiment is dead)
NewYork Times ^ | 06/01/11 | BINYAMIN APPELBAUM

Posted on 06/02/2011 2:13:27 PM PDT by AngelesCrestHighway

No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent. Seventeen months before the next election, it is increasingly clear that President Obama must defy that trend to keep his job. Roughly 9 percent of Americans who want to go to work cannot find an employer. Companies are firing fewer people, but hiring remains anemic. And the vast majority of economic forecasters, including the president’s own advisers, predict only modest progress by November 2012. The latest job numbers, due Friday, are expected to provide new cause for concern. Other indicators suggest the pace of growth is flagging. Weak manufacturing data, a gloomy reading on jobs in advance of Friday’s report and a drop in auto sales led the markets to their worst close since August.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Miscellaneous; Unclassified
KEYWORDS: 2012; carter; fdr; jobs; manufacturing; nobama2012; nytimes; obamanomics; recovery; recoverysummer; slimes; summer
But the grim reality of widespread unemployment is drawing little response from Washington......

Washington will get more than a "little response" in the next election....

1 posted on 06/02/2011 2:13:33 PM PDT by AngelesCrestHighway
[ Post Reply | Private Reply | View Replies]

To: AngelesCrestHighway

UNemployment numbers!


2 posted on 06/02/2011 2:14:47 PM PDT by therightliveswithus
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway
Obama’s chickens are coming home to roost.
3 posted on 06/02/2011 2:16:39 PM PDT by Berlin_Freeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway

I doubt the socialist experiment is dead. There are too many people, Chamber of Commerce type Republicans included, who believe that government can run the economy. Every little town has its own economic development plans and convincing them that central planning always fails is impossible.


4 posted on 06/02/2011 2:17:12 PM PDT by Pining_4_TX
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway

Coming from the NYT, this has to be considered a shot across the bow by the administration. But I doubt anyone in that administration (or in the Democratic side of Congress) has any clue whatsoever of what to do.


5 posted on 06/02/2011 2:17:55 PM PDT by bcsco (..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pining_4_TX

Its dead on a national scale. The socialists will return to soap box speeches and yelling......


6 posted on 06/02/2011 2:21:35 PM PDT by AngelesCrestHighway
[ Post Reply | Private Reply | To 4 | View Replies]

To: AngelesCrestHighway
Expect the numbers to be cooked (even more than they already are) and then highly touted by the state run media. We'll be enjoying 6.8% unemployment and a 6% growth in GDP by 2012 according to the government and media experts and it will be main news story of how can the Republicans expect to beat Obama with this economic miracle. Meantime, the reality will be otherwise.
7 posted on 06/02/2011 2:25:09 PM PDT by Armando Guerra
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway

socialists will further delude themselves by believing that Hussein was not socialist enough


8 posted on 06/02/2011 2:25:18 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway
OBAMAPPOTUS
9 posted on 06/02/2011 2:26:40 PM PDT by FrankR (A people that values its privileges above its principles will soon lose both.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway

They will lie, cheat and steal to get those numbers down by 2012.


10 posted on 06/02/2011 2:27:59 PM PDT by Sybeck1 (Welcome to the Willard Romney, "It's My Turn" tour..................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sybeck1

Perhaps the 2010 census will be found flawed, and need to be redone. In order to do it quickly, they will need to hire 5,000,000 currently unemployed (for September and October).


11 posted on 06/02/2011 2:36:56 PM PDT by C210N (0bama, Making the US safe for Global Marxism)
[ Post Reply | Private Reply | To 10 | View Replies]

To: AngelesCrestHighway

The unemployment rate is a lie. Politicians and the complicit MSM have made that number useless. People do not get counted as unemployed after they are out of work for more than six months... Not when they have actually found a job.

One needs to actually look at the labor force participation rate to determine the true unemployment rate, which is much higher.


12 posted on 06/02/2011 2:39:29 PM PDT by Bon mots
[ Post Reply | Private Reply | To 1 | View Replies]

To: FrankR

Seeing that headline makes almost wish he would go ahead and do it now. Its time for a little cleansing and now looks like as good a time as any. The day is coming I fear, no one knows when, but the day is coming.....red


13 posted on 06/02/2011 2:41:21 PM PDT by rednek ("Light travels faster than sound. This is why some people appear bright until you hear them speak.")
[ Post Reply | Private Reply | To 9 | View Replies]

To: AngelesCrestHighway

FLEECE TRADE JOB SUCKING SOUND

CAN YOU HEAR IT NOW?

14 posted on 06/02/2011 2:42:11 PM PDT by ex-snook ("Above all things, truth beareth away the victory")
[ Post Reply | Private Reply | To 1 | View Replies]

To: ex-snook
I am not an economist

Housing recover by 2012= No.

Jobs growth by 2012 = No.

Gas prices ? if we are in a depression it might come down other than that noway.

Economy grows at 3% No, it contracting.

Food prices will be sky high as Hedge Funds and China buying all the farm land they can find, it seems they know something.

15 posted on 06/02/2011 2:55:59 PM PDT by scooby321
[ Post Reply | Private Reply | To 14 | View Replies]

To: AngelesCrestHighway

7.2%? How in the world did they cook up that number when we’ve been bleeding jobs for 2 years? There hasn;t been a single month where the jobs created would even cover those entering the workforce every month let alone those who have lost their jobs.


16 posted on 06/02/2011 3:00:15 PM PDT by chris_bdba
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson