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Latest job report 'sobering' : Obama
AFP on Yahoo ^ | 10/2/09 | AFP

Posted on 10/02/2009 6:29:27 PM PDT by NormsRevenge

WASHINGTON (AFP) – US President Barack Obama on Friday said the latest grim government job loss figures were a "sobering" reminder of a difficult "grind" ahead towards economic recovery.

"Today's jobs report is a sobering reminder that progress comes in fits and starts," Obama said after returning to Washington from Copenhagen, where he lobbied for Chicago's failed bid to land the 2016 Olympics.

"We're going to need to grind out this recovery step by step."

In a blow to hopes of imminent recovery, new Labor Department figures on Friday showed job losses accelerated to 263,000 in September, pushing the unemployment rate to a new 26-year high of 9.8 percent.

Obama, who is facing intense political pressure to speed up the US recovery after the worst economic crisis on record, noted that last winter, the economy was losing around 700,000 jobs a month.

"But our task is to do everything we can possibly do to accelerate that process.

"And I want to let every single American know that I will not let up until those who are seeking work can find work, until businesses that are seeking credit are able to get credit and thrive, until all responsible homeowners can stay in their homes."

"On behalf of every American, I will continue in that effort each and every day for as long as I am in this White House."

Earlier, as Obama headed back from Copenhagen, it was left to Vice President Joe Biden to give the first administration reaction to the figures.

"Today's bad news does not change my confidence in the fact that we are going to recover -- we will be producing jobs," Biden told reporters before a meeting in the White House.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: fail; joblosses; jobs; obama; sobering; thecomingdepression
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To: NormsRevenge
"On behalf of every American, I will continue in that effort each and every day for as long as I am in this White House.">>>>>>>>>>>>>>>>>>>>>

Oh, wipe me!!!

If we have anything to do with it, that would only be about 90 more days.

41 posted on 10/02/2009 7:04:35 PM PDT by Candor7 (The effective weapons against Fascism are ridicule, derision, and truth (Member NRA)
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To: NormsRevenge

obama needs to stop shaking the country down. all that money and we got nothing


42 posted on 10/02/2009 7:06:10 PM PDT by dalebert
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To: NormsRevenge; MHGinTN

Re: the olives
It’s the pits, it’s the pits.


43 posted on 10/02/2009 7:06:28 PM PDT by vox_freedom (America is being tested as never before in its history. May God help us.)
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To: vox_freedom

It’s the Bombay Sapphire ...


44 posted on 10/02/2009 7:08:30 PM PDT by MHGinTN (Dems, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: NormsRevenge

Wait until after the holidays. Retail will implode.


45 posted on 10/02/2009 7:11:30 PM PDT by headstamp 2
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To: MHGinTN

LOL, true, and true.
Only wish that Trader Joe’s still had blue cheese stuffed olives.


46 posted on 10/02/2009 7:13:55 PM PDT by vox_freedom (America is being tested as never before in its history. May God help us.)
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To: NormsRevenge

I have spent my career in the US Oil and Gas industry. I lost my job under Bill Clinton. Now under Hussein Obama, I have lost it again! THANKS, Democrats!


47 posted on 10/02/2009 7:21:04 PM PDT by 2harddrive
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To: NormsRevenge
Note to Obama:

Any idiot would know that immediate, acorss-the-board massive permanent tax cuts was the only action that had a prayer of arresting this.

Since you are all-knowing and all-seeing, omnipotent and beneficent, why did you not act on this undeniable truth?

48 posted on 10/02/2009 7:23:59 PM PDT by elkfersupper (Member of the Original Defiant Class)
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To: NormsRevenge

He’s had MORE than his fair share of “Mission Accomplished” and “My Pet Goat” moments.

.....I wonder how many of them Michael Moore will feature in his next movie?


49 posted on 10/02/2009 7:28:45 PM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: NormsRevenge

When he’s not drunk, he’s on crack.

Obama! Sober up and resign!


50 posted on 10/02/2009 7:29:38 PM PDT by right way right
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To: NormsRevenge
"But our task is to do everything we can possibly do to accelerate that process...."

That's the whole problem, now, isn't it?

51 posted on 10/02/2009 7:30:36 PM PDT by The Duke ("Are you now or have you ever been a member of the Democrat Party?")
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To: nascarnation

Yes indeed !...We will not let this Crisis pass us by...

What goes around comes around....


52 posted on 10/02/2009 7:38:28 PM PDT by billmor (As another Freeper said- the lines are drawn, choose your side !)
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To: NormsRevenge
Sobering AND unexpected.

Don't forget unexpected.

53 posted on 10/02/2009 7:41:29 PM PDT by comebacknewt
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To: dfwgator

Rick Santielli said it best on CNBC today. He said CNBC had 3 analyst on today and all of them said you need faith. He continued to say when you hear that term from financial guru you need to run for the hills.


54 posted on 10/02/2009 7:42:32 PM PDT by Orange1998
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To: Puppage
Gee, I remember Obammy saying we needed to pass the stimulus bill immediately so unemployment wouldn't go above 8%

I don't know what he said verbatim, but he did say something to the effect that if we did not pass the stimulus bill that it would be the end of the republic, it would be game over for America, that we would no longer exist.

Sorry to say, but there must be a bunch of dumb folks in this 'republic' to buy into this crap.

55 posted on 10/02/2009 7:51:37 PM PDT by CodeJockey (If you can read this thank a teacher, if you can read it in English thank a Soldier.)
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To: NormsRevenge
The discussion is over, there is no debate:

The unemployment figures are racist.

Time for more wagyu beef and ice cream.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

56 posted on 10/02/2009 7:51:44 PM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: NormsRevenge

Sobering? Does that mean he was drinking heavily when he got the news?


57 posted on 10/02/2009 7:51:55 PM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Puppage
"Gee, I remember Obammy saying we needed to pass the stimulus bill immediately so unemployment wouldn't go above 8% "


58 posted on 10/02/2009 7:56:33 PM PDT by Leisler (It's going to be a hard, long winter)
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To: PetroniusMaximus

Couldn’t have said it better.


59 posted on 10/02/2009 8:02:26 PM PDT by dr_who
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To: NormsRevenge
This guy could care less. He's loving the fact that "typical white" Americans are taking a hit.
60 posted on 10/02/2009 8:03:27 PM PDT by Major Matt Mason (The DemocRat Party is no longer an American political party.)
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