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Obama Talks Up Rosy Jobs Numbers and ‘Economic Patriotism’
ABC News ^ | 7/3/14 | Jon Garcia

Posted on 07/03/2014 1:20:47 PM PDT by Nachum

President Obama made an unscheduled trip to a D.C.-based tech start-up to cheer about the rosy jobs numbers released this morning and promote his economic strategy. “We have made enormous strides, thanks to the incredible hard work of the American people and American businesses that have been out there competing, getting smarter, getting more effective. And it’s making a difference all across the country,” Obama told workers at “1776,” which the White House describes as a “global hub” to help start-up companies. The government reported today that 288,000 jobs were created last month and that the unemployment rate dropped to 6.1%

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events
KEYWORDS: economic; jobs; numbers; obama
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More Government Jobs.
1 posted on 07/03/2014 1:20:48 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 07/03/2014 1:21:11 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

The Most Muted person in the world Campaigning Again


3 posted on 07/03/2014 1:23:08 PM PDT by molson209 (Blank)
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To: Nachum

The Democrats two primary support groups are prospering like never before.

The Entitlement Army is bigger than ever.

The Crony Capitalists are richer than ever.

Life IS good for them.


4 posted on 07/03/2014 1:23:19 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: Nachum

All those part time summer jobs will end in September. Then what?


5 posted on 07/03/2014 1:24:29 PM PDT by formosa
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To: Nachum
“We have made enormous strides, thanks to the incredible hard work of the American people and American businesses . . .

. . . that nobody built."

Justice would be for him to get tongue cancer and have his tongue fall right out of his lying mouth.

6 posted on 07/03/2014 1:25:45 PM PDT by Maceman
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To: Nachum

Rosy? Less full time jobs, more part time jobs, more defections from the job force. Not my definition of rosy. Lousy, perhaps. If there are more jobs, it is because more people who are working are trading one decent full-time job for two (or more) scraping-by jobs. The boy genius is so stupid that he his crowing over terrible economic news, and he thinks people are buying it.


7 posted on 07/03/2014 1:26:02 PM PDT by fhayek
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To: Nachum
New jobs - 288,000
New part-time jobs - 275,000
New full-time jobs - 13,000

I would be willing to bet that the increase in government jobs exceeded 13,000, meaning that we actually lost full-time private-sector jobs.

8 posted on 07/03/2014 1:27:29 PM PDT by Hoodat (Proverbs 29:2)
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To: Nachum
ABC News uncritically quoting Obama.

Garbage, twaddle, crap.

9 posted on 07/03/2014 1:27:31 PM PDT by skeeter
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To: Hoodat
Funny you should say that...

 

Hiring Pickup Aided By Rare Source of Strength: Governments

Record Number of Americans Not in Labor Force in June.........-Participation Rate Remains At 35 Year Lows

7.5M Americans Working Part Time, But Not by Choice

10 posted on 07/03/2014 1:29:12 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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Comment #11 Removed by Moderator

To: Hoodat

and 300k go on unemployment every week


12 posted on 07/03/2014 1:29:44 PM PDT by molson209 (Blank)
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To: Nachum
He's trying to hype it up to keep another negative quarter from occurring (2.9% NEGATIVE growth last quarter).

If we get another quarter of negative growth we are in RECESSION.

13 posted on 07/03/2014 1:35:29 PM PDT by what's up
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To: what's up
If we get another quarter of negative growth we are in RECESSION.

That won't happen. They just got finished readjusting the numbers to make sure that doesn't happen. Q1 numbers were revised from -1.7% to -2.9% to cram all the loss into one quarter. Now all they need to do is show any growth at all in Q2 to claim there is no recession. Here's how it works:

Actual numbers:
Q1 | -1.7%
Q2 | -1.1%
Total | -2.8%

Two consecutive quarters of decline = Recession


Modified Numbers:
Q1 | -2.9%
Q2 | +0.1%
Total | -2.8%

One quarter of decline and one quarter of growth = NO Recession

14 posted on 07/03/2014 1:42:05 PM PDT by Hoodat (Proverbs 29:2)
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To: Hoodat

“President Obama made an unscheduled trip to a D.C.-based tech start-up to cheer about the rosy jobs numbers released this morning and promote his economic strategy”

Death knell to that company. 6 years and Obama hasn’t supported a successful company.


15 posted on 07/03/2014 1:46:39 PM PDT by EQAndyBuzz (Once a politician has determined to do anything to keep his seat, he no longer deserves it.)
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To: Nachum

Dow jumped 17,000 today. Watch it tank in response next week.

And that’s if the world plays nice between now and Monday.


16 posted on 07/03/2014 1:50:35 PM PDT by Jedidah
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To: Jedidah

The DOW has as much a chance of tanking as does the price of beef.


17 posted on 07/03/2014 1:57:12 PM PDT by Hoodat (Proverbs 29:2)
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To: Nachum

HE LIES! AS USUAL.

About Fast and Furious..HE LIES!
About his Birth Cert….HE LIES!
About Solindra...HE LIES!
About the IRS... HE LIES!
About Bengazi...HE LIES!
About the VA... HE LIES!
About domestic spying...HE LIES!
About “Global Warming”…HE LIES!
About Healthcare…HE LIES!
About Illegal Immigration…HE LIES!
About gun control…HE LIES!
About the EPA…HE LIES!
About Bowe Bergadahl…HE LIES!
About anything…About everything...HE LIES


18 posted on 07/03/2014 2:00:25 PM PDT by GoldenPup
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To: Hoodat
as much a chance of tanking as does the price of beef

Why do yoo say dat?

19 posted on 07/03/2014 2:07:46 PM PDT by Fightin Whitey
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To: Nachum

Up is down, down is up, left is right, right is left...welcome to Soviet-style propaganda. Some of us ain’t buyin’. To the gulags with us!


20 posted on 07/03/2014 2:08:31 PM PDT by miss marmelstein (Richard Lives Yet!)
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