Skip to comments.Unemployment Jumps to 8.9% - Obama's Running Out Of Other People's Money AND Part-Time Jobs
Posted on 08/23/2013 10:01:41 AM PDT by NOBO2012
Its sort of like Maggies warning about running out of other peoples money; sooner or later you also run out of part-time jobs and people whove voluntarily dropped out of the workforce or joined the ranks of the disabled.
And when that happens - just like when you run out of other peoples money - bad things happen. In the instant case, unemployment numbers begin to go up. A lot.
Gallup is showing a huge 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% on August 21, and the underemployed rate (those with some work, seeking more) jumped from 17.1% to 17.9%.
Yikes! And as usual,Republicans are unfairly blaming Obamacare. (SNIP)
This is very murky,whats really going on here?
Lets have Big Guy himself bring some transparency to the situation;hes on one of his Big Black Bus tours, addressing middle class issues, so this should be right up his alley.
At some point, the governments going to run out of money, the president said.
No, wait a minute - he was talking about money for higher education, not unemployment: (SNIP)
Allow me to explain: In order to keep our summer of recovery 4.0 myth alive weve had to remove more and more people (7.5 million so far) from the denominator of the unemployment rate calculation. By doing so, weve inadvertently dropped our labor participation rate to 63% the lowest in decades! A low labor participation rate, combined with the slowest job-market recovery since World War II and most of the job growth is part-time, more or less ensures...
(Excerpt) Read more at michellesmirror.com ...
Why not post it all here, rather than being a blogpimp?
Is there something wrong with the rest of it?
Is it pornographic perhaps? Queer in some way?
Obama and Holder are publicly speaking about their plan of the week that are just more smokescreen distractions to divert attention away from the incompetent manner Obama has handled his day job.
The best indicator of a PHONY ADMINISTRATION is the number of its REAL SCANDALS.
Commie Tyrant Obamas current talking points are thus smokescreen distractions for the products of Obamas first 4 years in office:
* Refusal to close US Southern Border to Mexican illegal alien invaders
* No known un-forged records of Place of Birth
* No known un-forged records of University grades
* Benghazi Massacre
* Dereliction of Duty as CIC during Benghazi Massacre
* Cover up of Benghazi Massacre
* Destruction of Seal Team Six
* Cover up of Fast and Furious murder of US Border Agent by Exec. Order
* IRS-Obamacare Commune Death Grip on Wealth and Health
* NSA-Gestapo Death Grip on all citizens communications
* Use of Courts against News Media
* Use of Supreme Court to install Un-Constitutional Obamacare Tax
* Destruction of the US Coal Industry
* Refusal to permit XL Pipeline construction
* Trillion Dollar a year Federal Overspending
* Monthly violations of the US Constitution by Obama
* Use of Exec. Orders to bypass Congress.
REPLACE sniveling coward Speaker Boehner with a FIGHTER!
It is time to IMPEACH Tyrant B. Hussein Obama, aka Barry Soetoro.
Tyrant B. Hussein Obama, (aka Barry Soetoro), continues his unopposed efforts to expand Totalitarian Obamanation in Liberty-based America.
Where are the Republican opponents of Tyrant Obama?
Why have the Articles of Impeachment for Tyrant Obama not been issued by US House Speaker Boehner, or Pro-Welfare Republicans Cantor or Ryan?
Have House and Senate Pro-Welfare Republicans formed a cave-in pact with Pro-Welfare Democrats to protect Tyrant Obama?
The main thing that Speaker Boehner is afraid of is being blamed for doing his job.
Speaker Boehners job now is to shut down the NON-ESSENTIAL parts of the US Federal Government until Obamacare is ABOLISHED, however long that takes.
Tie these vermin and their treason onto every RAT and RINO in Congress starting now for the upcoming 2014 race.
The White House will hold a roundtable event on issues facing the bisexual community next month.
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