Posted on 06/07/2011 8:36:12 AM PDT by Hojczyk
If last week wasnt bad enough for President Obama with the release of a series of dire economic reports, this week is looking even worse, kicking off with the resignation on Monday evening of his chief economist Austan Goolsbee. On Friday Goolsbee struggled to explain an unexpected rise in unemployment figures, comically describing them as a bump in the road, hardly reassuring news to the nearly 14 million Americans who are now out of work.
After the announcement, Barack Obama paid tribute to his close friend and soon to be former adviser, with a surreal claim that his administration is actually generating millions of jobs at a time when the unemployment lines are actually growing.
Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression. And although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs.
Its not hard to see why Goolsbee is leaving the administration to return to the safer confines of the University of Chicago School of Business, where he taught for 14 years. The economic data on the US economy is relentlessly bad, from rising jobless numbers and declining consumer confidence to a hugely depressed housing market. As former Clinton adviser and Democratic strategist James Carville pointed out on Imus in the Morning on the Fox Business Network, the outlook for 2012 is looking increasingly grim for the president if the job figures dont improve:
If 54,000 new jobs is the new standard, its going to be a very, very rough 2012 for President Obama. But the three-month average was 160,000. If that is the case, then he will do OK. I
(Excerpt) Read more at blogs.telegraph.co.uk ...
How much of our tax dollars have been poured into Union fights, etc to save the all mighty Union jobs!
ATLEAST Wisconsin has showed us how we can beat them back with a BIG, FAT ‘OL BAT!
All depends on what she wears (/snix).
These are a few selections from Michelle's African "warrior woman" wardrobe.
Next week they will announce that if not for the wonderful job Obama is doing the unemployment rate would be 110%!
Next week they will announce that if not for the wonderful job Obama is doing the unemployment rate would be 110%!
Because...University of Chicago is not even close to what you may think it is.
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