A Grim Jobs Report for America & A Catastrophic Jobs Report for Obama’s Reelection.
safari
2012/06/02 05:39:13
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EXCERPTS: You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent GDP, which was the revised first-quarter number. And you’d think all that government spending would deliver a whole lot more jobs than 69,000 in May.
But it hasn’t happened.
The Keynesian government-spending model has proven a complete failure. It’s the Obama model. And it has produced such an anemic recovery that frankly, at 2 percent growth, we’re back on the front end of a potential recession. If anything goes wrong — like another blow-up in Europe — there’s no safety margin to stop a new recession.
And that brings us to the grim May employment report, which generated only 69,000 nonfarm payrolls. It’s the third consecutive subpar tally, replete with downward revisions for the two prior months. It’s a devastating number for the American economy, and a catastrophic number for Obama’s reelection hopes. All momentum on jobs and the economy has evaporated.
READ MORE HERE
But it hasn’t happened.
The Keynesian government-spending model has proven a complete failure. It’s the Obama model. And it has produced such an anemic recovery that frankly, at 2 percent growth, we’re back on the front end of a potential recession. If anything goes wrong — like another blow-up in Europe — there’s no safety margin to stop a new recession.
And that brings us to the grim May employment report, which generated only 69,000 nonfarm payrolls. It’s the third consecutive subpar tally, replete with downward revisions for the two prior months. It’s a devastating number for the American economy, and a catastrophic number for Obama’s reelection hopes. All momentum on jobs and the economy has evaporated.
READ MORE HERE
Read More: http://www.nationalreview.com/articles/301599/grim...
Income has Declined 7.7% from 2009 to 2010 and Savings has Declined 7.8% from 2009 to 2010...and Real Estate Values have lost 40% in same Period...
So Much For Stimulus
Edited:
Also Announced Today by the Budget Dept....
ObamaCare will Increase 6% per year for the Next 10-yrs..
Report just out regarding JPM and a 3.9Trillion in Unfunded Pension Funds for Cities all across the Nation...
What do you expect with policies that are hostile towards job creators?
Come to think there is large number of Baghdad Bobs here proclaiming obama is unbeatable in November.
THE..FRACKIN'..FRAUD..IS..AN.. I..DI..OT!!!
Surely it's been proven by now stimilus does not create squat but more debt and higher taxes (if we let him). it's either borrowed money that we have to pay back with more taxes or it's recycled money that we already paid the govt only to be pumped back in the economy to be taxed again and again. or it's unwarrented printed money that cheapens the value of the dollar, which requires more dollars to cover a dollar.
If you have a contract for a month's-worth-of-work for ten (10) people, then Obama and Biden are gonna say they created ten (10) jobs. They try to make it sound like they created ten (10) permanent full-time jobs with benefits and a high rate of pay, when really those jobs could be temporary, part-time jobs, with low wages and no benefits, like the U.S. Census work.
I worked for the U.S. Census Bureau for almost 4 months, and that was more than most people. Yet Obama and Biden count my almost-4-months as a job they created.
However, it is absolutely beyond comprehension how the American people could possibly give Obama, and his Merry Band of Marxists another four years of power in the executive branch of our government. The economy is only the cherry on top of the whole catastrophe, as there is so much more. Anyone who could vote for this man and his people after the last three and a half years, is out of their mind. Anyone who could vote for this man, simply on "the economy", and all the money that was spent to "fix" the economy, which was not in anyway "fixed", is absolutely, positively, brain dead.
How many revisions does it take to get to the center of a tootsie pop?
UNEMPLOYMENT
businesses still closing or leaving
stimulus
omnibus
wasteful tax credits
payroll tax credit
no shovel ready jobs
jobs in America being held by foreign workers
special tax credits for Hollywood producers and directors
zero taxes for appointees companies
cuts to funding of the already overwhelmed SS and Med systems
"investments" in green energy
"crucifying" our energy companies
funding bankrupt companies
scandalous resignations
corruption on the hill
stoppping the press from reporting about the horrific health concerns of our veterans
poor organization to assist the hundred thousand of veterans returning
a blank check to Fannie and Freddie
NO BUDGET
New WARS Libya, Africa, Yemen, Syria, and troops are even in Australia
the debt is up 5 TRILLION and the term's not over yet?
Does anyone think this is a good job for our POTUS?
What is all the more disturbing is, you could have went on, and on.
There is no lack of points to make in the Obama fiasco.