Posted on 09/02/2010 5:33:18 PM PDT by Nachum
The White House is bracing for a new jobs report Friday that is expected to show paltry hiring by the private sector
The report from the Labor Department is expected to show the nation’s unemployment rate rising above 9.5 percent.
While weekly claims for unemployment fell on Thursday, a private report earlier this week projected the businesses would lose 10,000 jobs for the month.
President Obama, under pressure to bolster the sluggish economy with only two months before the mid-term election, is working on new business tax breaks to provide a jolt to the sluggish economy.
In Rose Garden comments on Monday, Obama said he and his economic team were looking at measures that could promote growth and hiring in the short term, including tax breaks.
(Excerpt) Read more at thehill.com ...
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“The White House is bracing for a new jobs report Friday that is expected to show paltry hiring by the private sector.”
If the unemployed actually leaned on that perpetually bracing WH it would fall down. ;-)
Obama contends that economy is on right track
‘We’ve made progress’
Wednesday, August 18, 2010 12:00 PM
Economy ‘on the right track’ - BostonHerald.com
Carter was a feckless pencil-neck but Obama’s sustained fetal-position cowering is absolutely revolting.
U.S. crude oil futures prices slipped on Thursday, weighed by concerns about a slowing economic recovery and high oil inventories in a cautious market ahead of Friday's key August nonfarm payrolls report from the United States.
Thursday's dip followed a 2.77 percent price jump on Wednesday, fueled by encouraging manufacturing data from China and the United States. Crude futures pared losses initially after a government report that new jobless benefit claims fell from the prior week. Initial jobless claims fell to 472,000 in the week to Aug. 28, the Labor Department said, down from a revised higher 478,000 the previous week.
Oil prices fell despite a weaker dollar, which is usually supportive to crude prices, and also higher equities markets and several tropical weather systems churning in the Atlantic.
http://www.reuters.com/article/idUSN0220246420100902
(Gold & Silver down a smidge today...but it'll roar back to life come October.)
Down is Up, Up is Down...
But turning in Human Rights abuses to the “UN” and suing racist states is much more important!!!/s
Well the econ stats are pretty much locked in for the Nov election.
Nothing the Baraqqis can do now will influence things much at all.
I just hope Republicans use this gift that has been given them and pound Democrat House and Senate incumbents without mercy.
this is why Hussein is having a fake news conference later. classic totalitarian move—bad news is out? put the fascist leader out in front, make him say everything is fine...it helps dilute the truth.
hussein is following alinsky like a good disciple. and the media plays along like poodles.
“I just hope Republicans use this gift that has been given them and pound Democrat House and Senate incumbents without mercy.”
Now, after you wrote that, did you or did you not get a sinking feeling in the pit of your stomach that deep down you know they will screw it up big time this November? Come on, tell us the truth.
i.e., through November but then disappear again.
What? Tax breaks for the rich? What happened to them paying their fair share and then spreading the wealth around? And how convenient just before the elections!
“Will it then be considered, “Unexpected”?”
“Expect the unexpected”.
John McCain
Olympia Snowe
Orrin Hatch
Susan Collins
Richard Lugar
George Voinovich
Although my hope is the same as yours, I am far less optimistic than you in this regard. We need more people like Joe Miller.
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