The Summer of (No) Recovery Show continues.
Stock futures are already heading toward the basement and gold is already up over $4.
It’s gonna be a bumpy ride...
I just renewed for the very first time
I been unemployed before, used to find temp jobs to take up the slack, work anything as long as it paid more than unemployment
nowadays, they just arent hiring AS degreed people for design jobs or drafting. Hardly any drafting jobs anyways around here.
I just got a NEW A.S. degree in Electronic Engineering, too. It aint helping.
The economy has lost nearly 3 million jobs under President Bush -- the first President to lose jobs since Herbert Hoover. Clearly, it is time for President Bush to get serious about creating jobs.
"For American workers, the real proof of an improving economy is whether they, their family, and their neighbors can find jobs, afford health care and achieve financial security. Democrats have a plan that would create more than one million jobs without adding one penny to the deficit.
"The President and Congress must act now to ensure that economic growth continues and that jobs are created for the nine million people still looking for work. We should pass the bipartisan manufacturing bill that creates jobs here at home, not overseas. We should expand the child tax credit for working families and extend unemployment benefits. And, we should pass a highway bill that creates jobs." January 2004
http://www.house.gov/pelosi/press/releases/Jan04/BushJobs010904.html
During the entire Bush administration, which I define as February 2001 though January 2009, the economy added a net of 1 million jobs. In the first six months of 2010, the economy added 882,000 jobs, and so she's assuming it will surpass the Bush mark by the end of August.
However, her claim falters on several levels. First, we don't have actual jobs data through August. Second, a lot of the job gains during the first half of this year were temporary Census jobs.
Finally, by starting her analysis this year, she ignores the nearly 4 million jobs that were lost from February 2009 through December 2009. Pelosi would probably argue that Obama inherited a mess from Bush, so 2009 numbers shouldn't count. But Bush inherited a slowing economy, too. There were 1.7 million job losses in 2001. Thus, if we were to give Bush the same pass for job losses during his first year in office, then the economy would have added 2.7 million jobs in his final 7 years -- far more than Obama could hope to add in the next few months.
http://spectator.org/blog/2010/07/24/pelosi-distorts-jobs-data-at-n
On the same page they are reporting that Americans are “confused” about Barry Hussein's religion. #GAG#
DOW at -39 and dropping
Recovery Summer!!
(that Biden line will never get old)
“Welcome to the Recovery”
-Tim Geithner from the NY Times.
...at least Obama's doing his part to keep the ice cream shoppes up and running.............
Ah, yes, the Obamas, POTUS Barack and FLOTUS Michelle Obama head north today for a magnificent, taxpayer funded ten day New England vacation with the elite, liberal, left-wing Democrat low life. Meanwhile the poor jobless folk among us continue to suffer big time while the Obama’s wine and dine like French King Louie & Marie (Let them eat cake!!!) As for you unfortunate young folks and Black youths, how’s that Obama “Hope & Change” working out for you!!! Best wise up kiddies, and throw your incompetent idol Obama under the bus or he will take you down while while he chomps on $150.00 per pound steak!!! See kiddies, elections have consquences and.....you dummies hung a rope around your own necks by giving your vote to this America hater and most probably full blown Muslim anti-American!!! Remember November and vote to destroy the entire anti-American Democrat Party at the polls this year and...with it, help broom the Obama’s down the flushing topilet into the cesspool that they so richly deserve!!!
This is the genuine tragedy of our current economic policies.
and he goes on his 5th vacation since the start of July which we pay for.
great timing
Hardly unexpected......here's why:
Anyone with a small amount of common sense would know once Congress extended benefits, the herd would stampede to the trough.
Not unexpected by the administration, since this is an example of Cloward-Piven in action.
The “Summer of Recovery Tour” with Barry Manilow Obama.
place these two words in a sentence referring to Obamaeconomics.....epic and failure.
Dow is now down over 150 points
If this is recovery (or whatever the actual term was) summer, I’d sure hate to see the Democrats idea of a melt-down. Oh yes, full employment under a Conservative. Nevermind... ;^)
But we have been told over and over again by the liar in the white house and his minions in the press how the economy is getting better every day.
