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Obama's Dismal Jobs Number
Tea Party Tribune ^ | 2012-07-06 13:56:18 | mrcurmudgeon

Posted on 07/06/2012 2:00:29 PM PDT by morethanright

By Mr. Curmudgeon

Here we are, at the midpoint of 2012, and unemployment - thanks to stimulus spending (and borrowed Chinese money) - stands at 5.6%. No, wait a minute, it's not! That was the rosy prediction by the smartest man on the planet back in 2009 - Barack Obama.

Friday's jobs report failed to move U.S. unemployment below its three-month 8.2% level. Of course, that Department of Labor Statistics' figure (classified U-3) does not include Americans who have run through their unemployment benefits and still cannot find work. The more accurate U-6 figure puts real U.S joblessness at 14.8%.

The smartest man on the planet greeted the news with upbeat enthusiasm, describing Friday's job numbers as a "step in the right direction." Needless to say, his remarks dovetail nicely with his previous statement declaring that the "private sector is doing fine."

That "fine" private sector produced a measly 80,000 jobs in May. To support Americas' growing population, our economy would have to produce around 250,000 a month.

"This was kind of disastrous," Jeff Savage, officer for Wells Fargo Private Bank, told CNBC, "We're not even keeping up with demographics at this point. This is not going to be liked in the markets.

The Dow Jones Industrials dropped 124 points.

At a campaign stop in Ohio, the smartest man in the world said that when he was elected back in 2008, he "didn't realize we were going to get hit by the worst economic crisis in most of our lifetimes ... for all the progress we've made, we've still got a long way to go."

The president's re-election organ, the New York Times, was uncharacteristically glum, "It is increasingly apparent what the economy will look like when President Obama faces voters in November: pretty much what it looks like today."

The Times is operating under the assumption that the smartest man in the world can't make things any worse than they are already.

They underestimate him.

Article shared using the Free Republish tool on Tea Party Tribune.


TOPICS: Front Page News; Politics/Elections
KEYWORDS: teapartytribune

1 posted on 07/06/2012 2:00:38 PM PDT by morethanright
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To: morethanright

...snip...

The president’s re-election organ, the New York Times, was uncharacteristically glum, “It is increasingly apparent what the economy will look like when President Obama faces voters in November: pretty much what it looks like today.”

The Times is operating under the assumption that the smartest man in the world can’t make things any worse than they are already.

They underestimate him.


2 posted on 07/06/2012 2:04:15 PM PDT by Principled (It's not enthusiasm for Romney, it's grim determination to remove Hussein)
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To: Principled

I will delight if President Romney keeps saying it was all Obama’s fault. On the other hand, Romney probably won’t have to. I don’t recall Reagan blaming Carter. He just rolled up his sleeves and went to work.


3 posted on 07/06/2012 2:24:39 PM PDT by fhayek
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To: morethanright

I turned on CNN at lunch to see how bad the job numbers were. Susanne Malveaux was on and promptly stripped off her journalistic ethics and bared her bias for Zero as she prostituted her integrity to rationalize how the bad jobs report was not as bad as it could have been. She interviewed some black professor from Atlanta, who never had an honest job, who explained that the bad jobs report was caused not by Zero, but decades of undefined problems instead. I assumed that he was blaming all the dead presidents and brain dead Carter for those undefined problems. In the corner of the screen, two black reporters were interviewing each other and trying to out-pimp each other to justify the bad job reports as not being Zero’s fault. They should make those “journalists” wear appropriate dress when pimping or prostituting for Zero.


4 posted on 07/06/2012 2:33:20 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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To: morethanright

The only thing CNN missed was to have Debbie Syphilis-Test come on with a nasally whining of those nasty GOP people beating up on the Food Stamp President. Can’t have a proper whine fest without Debbie Syphilis-Test.


5 posted on 07/06/2012 2:35:58 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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To: morethanright
http://www.bls.gov/webapps/legacy/cesbtab1.htm

Seasonally Adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2002 130591 130445 130421 130337 130328 130375 130275 130264 130209 130330 130338 130175  
2003 130270 130111 129898 129849 129840 129840 129865 129820 129929 130126 130140 130259  
2004 130421 130465 130802 131051 131361 131442 131488 131610 131771 132119 132182 132316  
2005 132453 132693 132834 133194 133364 133607 133981 134174 134240 134320 134654 134814  
2006 135097 135413 135696 135877 135891 135967 136176 136359 136516 136507 136711 136882  
2007 137118 137211 137401 137473 137612 137687 137647 137629 137702 137781 137893 137982  
2008 138023 137939 137844 137636 137446 137248 137038 136764 136332 135843 135040 134379  
2009 133561 132837 132038 131346 130985 130503 130164 129933 129734 129532 129490 129319  
2010 129279 129244 129433 129672 130188 130021 129963 129912 129885 130105 130226 130346  
2011 130456 130676 130922 131173 131227 131311 131407 131492 131694 131806 131963 132186  
2012 132461 132720 132863 132931 133008(P) 133088(P)              
P : preliminary

There were more people employed when Obama took office than now.


6 posted on 07/06/2012 7:22:19 PM PDT by Anti-Bubba182
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