DRINK! Obama's administration is gonna turn me into an alcoholic.
Posted on 06/03/2011 10:39:27 AM PDT by Slyscribe
Friday’s employment report, which showed nonfarm payrolls rose by just 54,000 in May, far below forecasts and the worst this year. The jobless rate, unexpectedly, edged up to 9.1%, the second straight monthly gain and the highest this year.
The jobs report caps a long and disturbing pattern over the past couple of weeks: Economic data are showing slower growth or outright declines, and it’s nearly all weaker than expected.
(Excerpt) Read more at blogs.investors.com ...
...looks like we’re beginning our second “summer of recovery.” They’ve been spoon feeding us and the media this bunk about a recovery for 3 years nows, but anyone who’s looking for a job or actually engaged in economic activity - particularly sales - knows that it’s not improving. The longer this continues, the worse it will get.
DRINK! Obama's administration is gonna turn me into an alcoholic.
Unexpected by whom exactly? It seems the only people in America who are surprised by these god-awful numbers are professional economists, Dem politicians, and the legacy media.
So how does one get a job as an economic forecaster. Seems like a great, easy job with zero accountability. I guess never having to be right means you’re an economist. Cushy.
The article mentions revived talks of QE3.
Those with ‘access’ to Federal largess would celebrate, no?
However thats all he can do. Opps those 2 million jobs ( I doubt it) dried up when 800 billion was spent.
...more QE on the way, and the young folks are already paying for it. But they’re toughening up.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.