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For the month of May, the jobless rate jumped to 8.2%, a mediocre number of jobs were added, hourly earnings barely moved, hours worked fell, consumer confidence cratered. On Friday, the Dow gave back all its gains on the year. Welcome to another Summer of Recovery!

Acknowledging the grimness of the situation, Obama promptly blamed Bush. But he had an idea. He said a good way to restore the economy to robust health was for people to start "replacing some thingamajig for their furnace" in June. Another good way to fix the economy is to replace some thingamajig in the White House in November.

After blaming ATM machines, Japanese earthquakes, the Arab Spring and the Irish Spring for his lousy economy, Obama has zeroed in on the real underlying cause: Outdated furnace thingamajigs. But, cheer up, things could be worse! In a speech Friday, Obama congratulated his administration for having turned the economy around, from worse to bad.

Alan Krueger, Obama's head honcho at the Council of Economic Advisers, issued a statement recognizing the grimness of the situation and promptly blamed Bush. "Problems in the job market were long in the making and will not be solved overnight," he reassured Americans. He complained that "we are still fighting back from the worst economic crisis since the Great Depression," otherwise known as "Obamanomics."

Obama is also blaming his lousy economy on Europe, the same Europe that Obama wants America to emulate.

The media were stunned and shocked that the "economists" they rely on every month for routinely unreliable predictions got it wrong again. It was all so "unexpected."

"The unemployment rate unexpectedly increased ..." -- San Francisco Chronicle

"The jobless rate unexpectedly rose to 8.2 ..." -- BusinessWeek

"Employers [added] a less-than-expected 69,000 jobs in the month [of May] ..." -- Reuters

To paraphrase Rummy, if you're the media, there are expected expecteds; there are things we expect to expect. We also know there are expected unexpecteds; that is, we expect there are some things we don't expect. But there are also unexpected unexpecteds; that is, there are some things we don't expect to unexpect. And if you're confused by all this, congratulations! You are now an "expert"! The key is to perfect your skill at making erroneous predictions. "Expert" Mark Zandi, the architect of Obama's failed "Stimulus," has honed making unreliable predictions to a science. He expected 165,000 payroll jobs for May, the jobless rate to fall to 8% and major upward revisions for March and April. (Weaken your grasp of how things are and you, too, can be a Mark Zandi!)

With bad news on the economy surfacing daily, expect from Obama & Co ever wackier ideas. His lunatic followers think (a) the failed Stimulus failed because it wasn't costly enough, (b) interest rates are still too high (they want QE3) and (c) Obama deserves reelection. If consumer confidence is in the toilet, it's because Obama hasn't explained how awesome he is.

Obama himself is an epic failed experiment to see if a dimwitted ACORN Chicago community organizer lacking a business background could turn an economy around by fooling with Health care for the better part of his first two years in office and if depriving businesses of income would encourage hiring. After nearly four years of stultifying Obamanomics, the American economy has been turned into a giant no-fly zone for business. Had enough?

Anyway, that's ...

My (not quite) Two Cents

"JohnHuang2"

1 posted on 06/02/2012 1:14:03 AM PDT by JohnHuang2
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To: Forgiven_Sinner; xm177e2; mercy; Wait4Truth; hole_n_one; GretchenEE; Clinton's a rapist; buffyt; ...

Saturday-morning ping! Have a great weekend, y’all!


2 posted on 06/02/2012 1:16:07 AM PDT by JohnHuang2
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To: JohnHuang2

After all the zer0 disappointments of the lacking Solyndra jobs, Algae will save the economy and zer0’s presidency. It’s just a matter of time...


3 posted on 06/02/2012 1:18:27 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: JohnHuang2
Especially like the last paragraph!
4 posted on 06/02/2012 1:20:31 AM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: JohnHuang2

lol

Nice piece of writing there JH2.


5 posted on 06/02/2012 1:28:20 AM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: JohnHuang2
It ain't Obamanomics, it's Obamunism.

I am a dedicated AntiObamunist.

It's time to call a Spade, a Spade.

We now have two Political Parties in this Country, the (GOPe) Republican Party and the (DemocRat) Communist Party.

6 posted on 06/02/2012 1:52:06 AM PDT by Kickass Conservative (Confucius say, short note better than long memory....)
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To: JohnHuang2

If the were a Republican president, the MSM would have long since been screaming that the President’s policies were certainly wrong-headed and the results of POTUS’ misguided policies were an increasingly unacceptable toll on our citizens. There is nt “just turning the cotnrer with Obama. it is been 3.5 years of increasing leadership toward utter misery as his policies have moved forward from day 1.
He did not assume the office yesterday.


9 posted on 06/02/2012 3:39:04 AM PDT by rod1 (CTLY)
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To: JohnHuang2

Excellent essay.


10 posted on 06/02/2012 4:11:08 AM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: JohnHuang2

(How about resign?)

__________________

It’s beneath a supreme narcissist to even consider such a thing.

It’s good to see another post from you.


11 posted on 06/02/2012 4:16:17 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: JohnHuang2

As always, your writing makes me laugh in the middle of crying.....

Great job as usual!


12 posted on 06/02/2012 4:36:22 AM PDT by basil (it's time to rid the country of "gun free zones" aka "Killing Fields")
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To: JohnHuang2
The anti-capitalist campaign may have worked on a campus for the aged 1960s Marxist-Alinsky campus radicals (spoiled brats) and their bratty issue but it is not working in the real world.

Obama's WaPo admirers urge PRESIDENT! Obama mmmm mmmm mmm to get going. Do more to expose Romney's dismal record and how it disqualifies him -- Romney is GWBushII and that of course means that Romney is Bush's fault!

To wit, Romney has not broken with broad outlines of the tax-cutting policies of former president George W. Bush’s eight years in office. He wants to go further, with deeper tax cuts. Bush’s policies did not produce economic growth or job creation to match Clinton’s record in the 1990s, and his term concluded with the collapse of the economy.

I guess Obama will have to go back leading a chorus of MSM admirers screaming RACISM! It's Bush's fault! RACISM! It's Bush's fault! RACISM! It's Bush's fault! RACISM!

("Clinton’s record in the 1990s." Finally the truth! BJ invented the Internet and orchestrated the "dot com" miracle -- all hail BJ!)

13 posted on 06/02/2012 5:18:16 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: JohnHuang2
But there are also unexpected unexpecteds; that is, there are some things we don't expect to unexpect. And if you're confused by all this, congratulations! You are now an "expert"!

You write some very funny stuff, JH2.

15 posted on 06/02/2012 7:47:36 AM PDT by Rocky (Obama is pure evil)
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To: JohnHuang2

#1: Vote Obama Out, Out, Out.

#2: Vote conservative candidates into the US House and US Senate.

#3: Then, if when Romney tacks hard left, impeach him (he's a white Republican; he can be impeached).


16 posted on 06/02/2012 8:50:18 AM PDT by meadsjn (Sarah 2012, or sooner)
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To: JohnHuang2
After nearly four years of stultifying Obamanomics, the American economy has been turned into a giant no-fly zone for business.

Had enough?

That would look good on a billboards along major highways this fall.

18 posted on 06/02/2012 11:28:35 AM PDT by painter (Rebuild The America We love!)
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To: JohnHuang2

“Obama himself is an epic failed experiment to see if a dimwitted ACORN Chicago community organizer lacking a business background could turn an economy around by fooling with Health care for the better part of his first two years in office and if depriving businesses of income would encourage hiring. After nearly four years of stultifying Obamanomics, the American economy has been turned into a giant no-fly zone for business. Had enough?”

Had enough? I’m full to the brim!

Excellent, JH2...just excellent!

Omigosh! I am SO happy to see you! I hope you will be posting more often. You are much needed, my FRiend. ;o)


19 posted on 06/03/2012 12:18:02 AM PDT by dixiechick2000 (This hobbit is looking for her pitchfork...God help the GOP if I find it.)
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To: JohnHuang2

Resign? Only if that drunk tool Biden does first.


20 posted on 06/03/2012 5:25:29 PM PDT by Impy (Don't call me red.)
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