Posted on 07/08/2011 10:11:41 AM PDT by Ernest_at_the_Beach
The economy added a meager 18,000 jobs in June, stoking worries the U.S. economy is slumping again. See story on June jobs data.
Here is a sample of reaction on Wall Street and in Washington.
• “Today’s report is more evidence that the misguided ‘stimulus’ spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country.” — House Speaker John Boehner
• “I think these numbers are a call to action for Washington to stop bickering ... and do the things to get the growth rate higher and create jobs. — Austan Goolsbee, chief economic adviser to President Barack Obama
• “We can see no silver lining in this employment report, which is weak, weak, weak.” — John Ryding, RDQ Economics
• “The details aren’t quite as bad as the headline, with private payrolls up 57,000, but that’s still pretty terrible when compared to the 240,000 average as recently as the three months to April.” — Ian Shepherdson, High Frequency Economics
• “The upshot is that exactly two years after the recovery began, broad labor market conditions haven’t improved at all.” — Paul Ashworth, Capital Economics
(Excerpt) Read more at marketwatch.com ...
Didn’t gallop say there were 170k yesterday?
Think how stunned the Washington crowd will be when they lose THEIR jobs!
What do you expect when the president has NO history of running anything other than his campaign for president.
A man that no one knows his history. An undocumented president.
Almost a science fiction scenario. All we are missing is an asteroid heading toward the earth.
To think that if Obama could go back in time, and learn how this was goi going to turn out, he would do exactly the same. He was never trying to improve the economy.
IMO our nation would be much better off if 90% of our university professors were forced to go out into the private sector to find a job.
In their place, hire some well qualified people that had extensive hands on experience in the private sector.
At the same time, I would try to make sure the political atmosphere was more balanced. The idea that 90% of university professors vote for the Democrats, causes me serious concern.
We want institutions of learning, not institutions of propaganda and politically correct thinking enforced with a pass/fail held over student’s head.
Blam, I cannot find that thread where the Trashury (intentionally misspelled) showed w-2 witholding crashing
the last two months. Can you remember it? It was just posted two days ago. I forgot to index it.
That was the ADP payroll report and it was +157K
Who didn’t know this was coming? Economists have warned of a tough summer this year and of a worse year-end to 2011 after that. Others have predicted eventual doom even after this year is entirely passed, because time is waiting for no one, little is being done and trouble is piling up. The ‘12 election is unfortunately a long wait, on top of everything.
“AUDACITY OF INDIFFERENCE”. I gotta say, that is the best line ever!
Phrases not seen in the MSM since 2008:
McJobs
Homeless problem
Recovery for Wall $treet but not Main Street
Stunned???
The administration and the democrat party are socialist liars, cheats, and thieves who know EXACTLY what they are doing to destroy the economy.
The Wall Street, democrat supporting, weasels believe that THEY are the economy and have little regard for small business and the common people who ARE the economy.
A pox on them all.
FUBO & FAD
Has anybody seen or heard any word from ADP as to how they managed to miss it by *an order of magnitude”??????
When somebody makes that large a miscalculation, that publicly, I’d sure like to hear their excuse....
(Otherwise, I’d be tempted to think that they might just have released some puffed numbers to influence the stock market - but then, I’m just cynical that way...)
Foxnews has been showing a Great Romney AD....he is scoring on Obama.
Can turn this country around in one shot.
Put everything back to the way it was prior to January 2007.
To think that if Obama could go back in time, and learn how this was goi going to turn out, he would do exactly the same. He was never trying to improve the economy.
We are looking at the LAST black potus which is a shame, I really love Cain.
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