Posted on 07/10/2011 1:35:48 PM PDT by Hojczyk
Can you say Double-Dip? Barack Obama’s trillion dollar stimulus did not just fail… It failed magnificently.
The dead parrot economy actually lost 26,000 jobs in June rather than creating 18,000.
The New York Post reported, via JWF:
The Labor Department officially announced that only 18,000 jobs were created during the month of June compared to May’s levels. That’s considerably below the 157,000 jobs that payroll-processing firm ADP said on Thursday were added by companies in the private sector.
Our economy is said to need at least 150,000 jobs a month just to keep up with people entering the workforce. So even job growth of 150,000 isn’t good enough.
Worse, not only are newcomers trying to find positions, but there are also 7.084 million fewer jobs in this economy than there were at the 2008 peak. So people who’d like to get their careers started are competing against millions of experienced job seekers looking to just get back into the game.
Now for the really bad news: that 18,000 gain announced by the government yesterday isn’t real.
For one thing, the number of jobs increased in June only because the Labor Department simultaneously revised downward the number of jobs that existed in this country during May.
It’s like moving the fences at Citi Field so the Mets players can hit more home runs. It might make Jose Reyes feel better, but it doesn’t actually make him more powerful.
Amazing. Why hasn't this been mentioned elsewhere?
What say you??
What’s amazing is that there isn’t 80% of the country chomping at the bit to throw the Obama-Reid-Pelosi regime out of power.
It shows that the percentage of the public the support of which is impervious to policy failure is dangerously high.
Atlantis and its four-astronaut crew are slated to launch on July 8 at 11:26 a.m. EDT (1526 GMT). The shuttle will fly a 12-day mission to the International Space Station to deliver crucial supplies to the orbiting outpost.
Currently there are about 5,500 contracted employees spread across Texas, Utah, Louisiana and Alabama, and just less than 1,200 civil servants working on the shuttle, Shannon said. If Atlantis launches on time on July 8, the agency will lay off about 3,200 contractors on July 22, officials said.
Cutbacks for all of NASA’s prime contractors will continue through the middle of August, leaving less than 1,000 people to manage the process of conditioning and preparing the vehicles for their future homes on display at museums around the country, Shannon said.
Man, that is a sad end to NASA. :-(
By no means is this a failure for Obama. The plot is progressing as planned, Comrade! We will hire ten million desperate new government workers who will vote for us in perpetuity!
Under these conditions (especially the job market and the unreported-but-all-too-real inflation), I cannot imagine that Obama will be on the ballot in November 2012. He wanted to be the first black to win a presidential election; I doubt he wants to be the first black to lose one. Then again, they’ll just say he was the first black to win one and the first mulatto to lose one...
You missed something. You ought to refer to him as the “most incompetent and evil human being . . .”
Sometimes I kinda find myself pinin’ for the fjords.
“Now for the really bad news: that 18,000 gain announced by the government yesterday isn’t real.”
No way. Your not saying they lied to us are you? No way.
He will be on the ballot in 2012.
And I estimate his chances at 50/50.
Gubmint is paying people not to work thereby producing Dem voters. All paid with Chinese credit card.
What could possibly go wrong?
go wrong?
go wrong?
go wrong?
I’ve seen it mentioned on RealClearPolitics.com, but nothing mainstream, yet.
In order to have a double dip we would have had to recover from the first dip. We never did, in spite of all the Bulls*** Obama put out, we never recovered ,so we are still in the first dip, and to make it worse we wasted all that money that could have been spent to pull us out of it.
The money was split up among the rich bankers and the automobile industry and the Unions, it didn’t do squat for John Q. Public.
He might be on the ballot, but if the election were held today he wouldn’t win a single state. With the exception of public school teachers, NOBODY is better off than 3 years ago (and there aren’t enough of them).
In my opinion it’s just semantics as to the exact months jobs were gained/lost. The key issue is that our current rate of job growth isn’t enough to keep up with the new cohort of people entering the workforce — never mind putting a dent into current unemployment.
I graduated college just after the recession hit and more of my college-educated friends work near minimum wage jobs in the retail sector than not.
The NASA layoffs really hit home with me since I will graduate with a PhD in the sciences in about a year. About the only thing I liked about Obama was his promise to increase science spending (selfish, I know), but the funding situation looks worse now from my end than it did when I entered graduate school.
I think young people are OK with 3, 4, or 5 years of being underemployed as long as they feel that the stagnant economy is transitory. I’m scared to think of what will happen when millions of college graduates in their 20s realize that the 9-5 paying 50-60k they are *entitled* to is not coming their way.
Because 40% or more are on some kind of dole already and another huge bunch don't pay any taxes so why screw up a free lunch?
“Shocked”
+
“Unexpected”
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