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Obama said we were in recovery. Remember "Recovery Summer"?
Obama said things were getting better.
Obama promised the stimulus would work.
Obama told us after healthcare he would focus like a lazer on unemployment.
What happened? Either Obama lied or Obama is in over his head.
Probably a bit of both. The guy needs to step down. He is no leader.
The left has an odd perpective. They now view 9.8% unemployment as better than 9.6% unemployment. Go figure.
Jobs will not come back until there is demand for goods and services for people to make.
Again the markets are not the economy. They are moved by corporate profits. Profits are up but not due to top line growth but through layoffs and increase productivity. No on except for the most extreme partisans believe things are getting better.
Quote:
Originally Posted by Sanrene
I do remember how the Left reacted to a 13,000-14,000 stock market during the Bush years. Claimed it was NOT reflective of the economy, claimed it really meant nothing.
Go figure. Now, that is the only thing they cling to in HopeNChange.
You people really are one-dimensional. First, this is not about left v right. Second, you take one statistic and extrapolate across the whole of the economy to support this one-dimensional view.
Now, most of us are not part of your idealogical crusade. We are comfortable occupying the centre ground. Instead of looking for data to fit our pre-conceived ideas, we try to take a more holistic view which, on the subject of jobs, is pretty well summed up by this quote ....
"The report really contradicts the other labor data we have been seeing," said ING economist James Knightley. "As a result, today's poor outcome may just be 'noise' in what is a very volatile data series."
One wonders why you didn't make such a meal of the positive reports we got on Monday and Tuesday. The uncharitable would suggest that was because they didn't support your one-dimensional world view.
"The report really contradicts the other labor data we have been seeing," said ING economist James Knightley. "As a result, today's poor outcome may just be 'noise' in what is a very volatile data series."
Oh dear. We've had a record 19 months of 9.6%+ UE and that is considered "noise" by this idiotic economist. Of course, some will cling to whatever scraps the so-called experts give them. This is a disaster of an UE report.
Leave it yo you to find the few who thinks all is rosy looking good, on the upswing.
Truly remarkable.
Remember obama's chart? Everything in blue was created by obama admin.
Well the unemployment rate hit 9.8% even with government numbers today and that makes me wonder. According to Fox News government lost over 1 million employees recently and that is hugely more than private business has created in the same time period.
Golly, we were told that the stimulus money was needed to keep unemployment under 8% and still it is rising with some of the stimulus money still sitting around.
Yay for President Skippy!!!!!!!!!!!
He passed that stimulus to keep it under 8%!!!!!
Wooo Hooo!!!!!!!
Thankfully we have someone that can read a teleprompter or it might be over 10%!
Oh dear. We've had a record 19 months of 9.6%+ UE and that is considered "noise" by this idiotic economist. Of course, some will sling to whatever scraps the so-called experts give them. This is a disaster of an UE report.
Leave it yo you to find the few who thinks all is rosy looking good, on the upswing.
Truly remarkable.
Remember obama's chart? Everything in blue was created by obama admin.
Does anyone know how the seasonal layoffs have affected the numbers. Construction work always lays off around now.
you cant layoff people who dont have jobs
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