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| Economy |
| Unexpectedly Economy Gains No Jobs in August, Rate Holds at 9.1% |
| 2011-09-02 |
| The US economy It was the first time since World War II that the economy Economists had been expecting the report to show a net of 75,000 jobs created, an Markets had been closely watching the August report in hopes that the employment picture would Stocks have |
| Posted by:Beavis |
| #13 DRUDGEREPORT AM > US DEBT HELD BY PUBLIC TOPS US$10.0TRILYUHN FOR FIRST TIME - UP 59% UNDER OBAMA, as up from US$6.3073T back in Jan 01, 2009. * SAME > DER SPIEGEL = [ABC News] BOOMING HISPANIC POPULATION COULD TIP SCALES IN CLOSE 2012 ELECTION. ARTIC > 22 of US largest 100 Cities are now MINORITY = "MAJORITY MINORITY" CITIES, espec HISPATINO [Hispanics-Latinos]. versus * FREEREPUBLIC > LATINO GROUPS SAYS AZTLAN WAR IN NEXT FIVE YEARS. ARTIC > GROUP = Yohoo, Jose + Miguel, buy your guns + grenades + rockets + body vests, etc. now! D *** NG IT, WE"VE GOT JLO + AUNCK-SA-AMUN + VERONA, HEZBOLLAH'S IN THE AMEricas GOT THE ROCKETS + ATGM KORNETS! |
| Posted by: JosephMendiola 2011-09-02 20:55 |
| #12 Obama: Read my lips, no new jobs! |
| Posted by: Cincinnatus Chili 2011-09-02 20:07 |
| #11 you are spelling it wrong. teh 'wreck-overy' is going exactly according to plan. |
| Posted by: abu do you love 2011-09-02 16:39 |
| #10 Yah, but you still gots me. |
| Posted by: Barack Hussein Obama 2011-09-02 16:11 |
| #9 JohnQC wrote what should be in American History textbooks. |
| Posted by: newc 2011-09-02 15:23 |
| #8 Speaking of "recovery"... |
| Posted by: newc 2011-09-02 15:14 |
| #7 I expect BO to drag out such things as job banks, more government stimulus, more government jobs, etc. He is utterly hopeless in his inability to provide a climate for private business to creates jobs. He has never trusted business and capitalism. He has equated capitalism to colonialism. He has never appreciated the wisdom of millions of people making decisions for themselves in the market place. Obama is shameless in his Alinsky approach to politics. This approach to governing is catching up with him. His legislation is tied up in the courts. From the beginning it was The New Black Panther Party scandal and ACORN's vote manipulation and now it is Operation Fast and Furious and the NLRB's mishandling of Boeing. Much like Nixon, his administration will not been known for transparency but for scandal. It seems that he has always seen the U.S. as basically evil--something which needed to be fixed via big government and heavy-handed Presidential power. He has never really appreciated the balance of powers in our government. There is too much leftist ideology infused with his notion of governing. Surrounding him is far too much regulation, corruption, cronyism, back door deals, and basically attempts at bulling his legislation through Congress. The American people don't trust him because he never trusted them. He and the Democrats saw the American people only as votes to be had--never as America's greatest resource. All he saw was America's flaws; never its exceptionalism. He never quite understood why so many people were trying to get here for a chance and a new life. BO has never risen above the mire of partisan politics and Chicago-style backroom deals. His administration is bereft of leadership. He has surrounded himself with people much like himself--people who aggrandized themselves, people who were small in what they saw, people who held up Marxism as something to emulate in this country, some of whom idolized tyrants such as Mao. Greatness cannot come from this. He has never achieved the status of the people to whom he likened himself--Lincoln, Martin Luther King, or Reagan. His day has passed and I doubt he can ever recover the power he has squandered so readily since 2008. He was always too inept, too inexperienced and unqualified to be President. The press tried to create a myth--the man never measured up to the myth which was created for him. I for one will watch the football game. It is a way to make it easier to bide one's time while getting to 2012. |
| Posted by: JohnQC 2011-09-02 15:12 |
| #6 It's the second "summer of recovery"! |
| Posted by: newc 2011-09-02 15:02 |
| #5 Heard a good bit on the radio yesterday. Reagan faced a similar problem and he cut government regulation and taxation and the economy boomed for a decade or so. Why is anyone surprised that the opposite actions had the opposite effect? |
| Posted by: rjschwarz 2011-09-02 14:46 |
| #4 The report also showed that job creation in July, which originally came in better than expected, actually wasn't as good as thought. The 117,000 jobs originally announced was cut to 85,000, while June's number fell from 46,000 to a mere 20,000. That makes four consecutive months of sub-100,000 job growth when most economists believe that 150,000 is the minimum number needed to reduce the unemployment rate meaningfully. More downward job revisions. That's 58,000 jobs overstated for May and June w/ job creation only 1/2 the growth of adults in the work force. During the Bush admin, government job estimates were low balled and later revised up. During Obama's admin, job estimates are overstated and later quietly revised downwards. |
| Posted by: Eohippus Phater7165 2011-09-02 12:03 |
| #3 This seems like a preview of 0bama's job speach: "Zero is zero for jobs" |
| Posted by: Frozen Al 2011-09-02 11:29 |
| #2 Did the population not increase? Was there no net increase of working age adults? How goes the US leadership expect them to pay rent, buy a car, find a spouse, raise children, save for retirement w/o work? Labor Force Participation Rate It's pretty sick. |
| Posted by: Eohippus Phater7165 2011-09-02 11:10 |
| #1 The numbers could have been even worse. Nice of them to slip in Obama's 2012 campaign slogan. |
| Posted by: DepotGuy 2011-09-02 10:54 |