Posted on 07/08/2011 9:18:19 AM PDT by AngelesCrestHighway
In the wake of Friday's woeful jobs numbers, President Obama acknowledged that "we still have a long way to go and a lot of work to do" before the economy is working for Americans again. "The economy as a whole just isn't producing nearly enough jobs for everybody who's looking," Obama said in prepared comments in the White House Rose Garden. He cited "tough headwinds" that are exerting a drag on the economy, including natural disasters, high gas prices, economic turmoil in Europe, and state and local government budget cuts. The Labor Department reported this morning that the unemployment rate ticked up to 9.2 percent last month, with the economy adding just 18,000 jobs -- even fewer than May's paltry revised figure of 25,000.
(Excerpt) Read more at news.yahoo.com ...
Comment made on the YahooNews site:
“If you voted for Obama in ‘08 to prove you’re not a racist, vote for someone else in ‘12 to prove you’re not an idiot.”
Gotta love it....
Arrogant incompetence. In way over his head.
.
.
.
Heh, Bill Clinton's hair color varied from one stop along the campaign trail to the next. Deliberate stagecraft, aimed at the expected crowd at each location.
Barry's going for the "elder statesman" look. As much as we scoff at it, that trick probably does help his numbers out there with those naive Americans who get all their information from the LSM.
.
.
So now I'm working 20 hours weekly at $7.40 / hour. That'll cut into the food stamps, but $140 weekly will subsidize Federal Bank of Mom & Dad (retired) anti-homeless efforts on my behalf.
In any case, what I've heard over and over again over the last two weeks: "No. I can't donate. I just lost my job" And these people are tore up about that they CAN'T help.
The stories I'm hearing are hair raising. Undoubtedly there's a fair number of atypical sob story to get the telemarketer off their backs, but the number of people that are indicating that they're in the same boat as my folks are in providing for me is just phenomenal; its staggering to contemplate.
Based on what I can tell, a ball of crap began rolling down hill sometime about 8 months ago and is gathering mass as it careens down-slope. Its common to hear people say they're unemployed for over one year, but the number who are indicating they just lost their job is very alarming.
But now...off to my Montana vacation!
same economists that thought the porkulus would help the economy...
I agree....I think the problem is much worse than the damn whack left media won’t report.
U.S. employers created only 18,000 net jobs in June, the fewest in nine months and a fraction of what many economists expected. Private companies added jobs at the slowest pace in more than a year. The unemployment rate edged up to 9.2 percent, its highest level this year." - [emphasis mine]Heh, who'd thunk that adding 18k jobs results in an increase in the unenjoyment rate? I guess that happens in an economy where government leaders, none of which ever held a job in the private sector, and only know of reality through their academic promulgations released ex cathedra from on high in their ivory towers, that government must spend its way out of a deficit.
Every month, about 100,000 more Americans enter the job market. It's called population growth.
Consequently, the economy needs to generate about 100,000 new jobs per month just to maintain the current rate of unemployment.
In this context, a mere 18 thousand new jobs is utterly pathetic.
So to say that private sector employers added any jobs whatsoever while the unenjoyment numbers increases is ludicrous 1984 Newspeak at the epitome of folly.
That would be akin to funding a government program through the budget savings realized from the decrease in projected increase of current spending.
I saw that due to the budget “crisis” Baraq cancelled his vacation trip to Montana this weekend.
1. The report says the economy created 18,000 new jobs. Fact.
2. About 100,000 new people enter the job market every month, due to population growth. Fact.
3. Therefore, the economy needs to create 100,000 new jobs every month, just to stay even. Fact.
3. The unemployment rate went up to 9.2% in the last report. Fact.
How is that "an interesting twist of semantics"?
I fail to understand what the disagreement is, if any.
Hey, let’s blame Bush! /s/
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.