Posted on 05/06/2011 11:18:34 AM PDT by mandaladon
INDIANAPOLIS – Refocusing on the nation's economic struggles, President Barack Obama welcomed news Friday that the economy unexpectedly added more than 200,000 jobs last month. "We are regaining our footing," he said.
The president spoke during a visit to a transmission plant in Indianapolis, even as the killing of Osama bin Laden continued to dominate headlines and much of the president's time.
From Indianapolis he was to travel to Fort Campbell, Ky., to thank the Navy SEALs who stormed bin Laden's compound in Pakistan and shot him dead, and the helicopter operators who got them there.
But first, at Allison Transmission in Indianapolis, the president promoted his clean energy agenda while offering an optimistic assessment of the economy's growth. April's labor market report marked the third straight month in which more than 200,000 jobs were created, the best three-month hiring spree in five years and a sign of increasing confidence in the private sector.
"We've made this progress at a time when our economy's been facing some serious headwinds," the president told workers, citing high gas prices and the earthquake in Japan. "There will undoubtedly be some more challenges ahead, but the fact is that we are still making progress," he said. "And that proves how resilient the American economy is, and how resilient the American worker is, and that we can take a hit and we can keep on going forward."
(Excerpt) Read more at news.yahoo.com ...
And to the rest of us, it feels like we're living in the Twilight Zone.....
Because of you, you blithering moron, it's taken many hits, and I am damned ready for it to keep going WITHOUT YOU AT THE HELM OF THE SHIP OF STATE!
There.
Did he mention the direction it will keep going?
This economy can not take one more minute of Obama..
After two years of Obama...Here’s your change! If we stay on this course the USA will ultimately collapse.
First number represents the value on January 2009. Second number Represents the value in APR 2011. Third number represents the % of Obama’s Change. Sources listed..
Avg.. Retail price/gallon gas in U.S.
$1.83
$3.66
100%
Crude oil, European Brent (barrel)
$43.48
$108.70
150%
Crude oil, West TX Inter. (barrel)
$38.74
$91..38
135.9%
Gold: London (per troy oz.)
$853.25
$1,450
70%
Corn, No.2 yellow, Central IL
$3.56
$6.33
78.1%
Soybeans, No. 1 yellow, IL
$9.66
$13..75
42.3%
Sugar, cane, raw, world, lb. Fob
$13..37
$35..39
164.7%
Unemployment rate, non-farm, overall
7.6%
9.4%
23.7%
Unemployment rate, blacks
12.6%
15.8%
25.4%
Number of unemployed
11,616,000
14,485,000
24.7%
Real median household income (2008 v 2009)
$50,112
$49,777
-0.7%
Number of food stamp recipients (curr = 10/10)
31,983,716
43,200,878
35.1%
Number of unemployment benefit recipients (curr = 12/10)
7,526,598
9,193,838
22.2%
Number of long-term unemployed
2,600,000
6,400,000
146.2%
Poverty rate, individuals (2008 v 2009)
13.2%
14.3%
8.3%
People in poverty in U.S. (2008 v 2009)
39,800,000
43,600,000
9.5%
U.S.. Rank in Economic Freedom World Rankings
5
9
10 Present Situation Index (curr = 12/10)
29.9
23.5
-21.4%
Failed banks (curr = 2010 + 2011 to date)
140
164
17.1%
U.S.. Dollar versus Japanese yen exchange rate
89.76
82.03
-8.6%
U.S.. Money supply, M1, in billions (curr = 12/10 prelim)
1,575.1
1,865.7
18.4%
U.S.. Money supply, M2, in billions (curr = 12/10 prelim)
8,310.9
8,852.3
6.5%
National debt, in trillions
$10.627
$14.052
32.2%
But what is it worth?
Great set of statistics! Thanks!
How about COWARD who cannot take responsability, let alone a hit like he is talking about. You know, we can, but other nations cannot take hits like we do. It’s nice to see he can blame America instead of himself and get to power that way. The RINOs follow the same self hate pattern of not being up to the task.
He did not mention in which direction that the economy would continue to move.
Someone’s teaching him mental reservation; he’s not smart enough to come up with it on his own.
nobama is using smoke and mirrors. nobama lies. The unemployment situation is dire for about 15-20 percent of Americans over the age of 18. In any community there are many out-of-business signs and for lease signs. nobama lies.
nobama hates you, hates your children, hates Free America, hates Americans, hates the Constitution, and hates the Bill of Rights. nobama us a hate crime foisted upon America. nobama is the Destroyer.
Everything nobama does is intentional.
God help us all.
You are right.
Why do politicians bother trying to put lipstick on a pig when everyone can see it’s a pig?
This guy thinks people really buy all this hogwash about a clean energy economy and his blatantly dishonest rhetoric about “paying as you go” in order to get the government out of debt.
Ah. In 2011, it can take a hit and keep going. But in 2009, we HAD TO ... just HAD TO have that stimulus package because our economic world was imploding.
Take it to the bank. The trouble for them is that people aren’t buying it.
Incredible.
The budget of the EPA is quite small relative to its true cost to the economy.
The price of Corn has gone up more than the price of gold.
And the actual unemployment rate is over 15%.
hmm didn’t micky d’s get an obama care waiver not too long ago?
perhaps the reason they can have a hiring spree
Piece of cake. /s
There are many millions of American Idol watchers that are about to get the "Change" they voted for. They ain't seen nuthin' yet.
True, but shutting it down would still be a win-win deal.
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