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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."

And, what is the tee time for your 18 holes tomorrow, sir?

61 posted on 10/02/2009 8:07:27 PM PDT by keepitreal ( Don't tread on me.)
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To: NormsRevenge
"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.

You're absolutely right Joe. Unfortunately it will begin happening when you're no longer VPOTUS.

62 posted on 10/02/2009 8:14:14 PM PDT by upchuck (New sign on my pickup: Are you a "Hope and Change" regretter?)
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To: Candor7
Oh, wipe me!!!
You'll need that when we move from fits and starts to sh!ts and farts.
63 posted on 10/02/2009 8:14:29 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: elkfersupper
Any idiot would know that immediate, acorss-the-board massive permanent tax cuts was the only action that had a prayer of arresting this.

That!!!

64 posted on 10/02/2009 8:18:25 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
"Sobering"?! Try F-A-I-L-U-R-E, Barry, kkthx.
65 posted on 10/02/2009 8:19:14 PM PDT by cranked
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To: NormsRevenge
"We're going to need to grind out this recoveryeconomy step by step."

What he really meant...

66 posted on 10/02/2009 8:22:10 PM PDT by OrangeHoof (What's the difference between Obama and Hitler? Hitler wrote his own book.)
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To: NormsRevenge

"I did not have sex with that...
well...actually, yes, yes, I did come to think of it!"

67 posted on 10/02/2009 8:24:38 PM PDT by OrangeHoof (What's the difference between Obama and Hitler? Hitler wrote his own book.)
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To: NormsRevenge
Dear Obama ,

You are an absolute failure. No one loves you. No one listens to you any more. No one wants your communism. please do us all a favor and kill yourself .

thank you

signed, 78% of America

68 posted on 10/02/2009 8:34:30 PM PDT by KTM rider ( ..........tell me this really isn't happening ! !)
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To: NormsRevenge
all that picture needs is a “Epic Fail” banner behind them instead of a “mission accomplished”
69 posted on 10/02/2009 8:40:52 PM PDT by TexasFreeper2009 (Obama lied, the economy died)
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To: SERKIT

Thats the problem, he will have us taxed max, and will also provide an a$$ wipe service ( home hospice health care) to bring down unemployment figures.There is so much leftist manure to shovel he will never run out!


70 posted on 10/02/2009 9:01:09 PM PDT by Candor7 (The effective weapons against Fascism are ridicule, derision, and truth (Member NRA)
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To: SERKIT
Obama spends A LOT of his time on the toilet:

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

71 posted on 10/02/2009 9:02:33 PM PDT by Candor7 (The effective weapons against Fascism are ridicule, derision, and truth (Member NRA)
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To: NormsRevenge

Cut taxes, Obummer, you bozo. Everyone knows that’s the answer but you think all money belongs to the government.


72 posted on 10/02/2009 9:38:25 PM PDT by hsalaw
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...

They only say that because they’re continuously high.

Broader Unemployment Rate Hits 17% in September
(The even worse news that the media won’t emphasize)
Wall Street Journal | 10/2/2009 | Phil Izzo
Posted on 10/02/2009 7:07:18 PM PDT by SeekAndFind
http://www.freerepublic.com/focus/news/2353895/posts


73 posted on 10/02/2009 9:56:30 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: NormsRevenge
...Was out of work 8 months until August, 09. Been two months back at work, good pay, working with a great guy, doing the kind of work I love. The only problem I have is, if I support the POTUS, I won’t care that millions of Americans are not as fortunate as me. But, I care about this issue. If I can employ some folks, does that make me a racist???
74 posted on 10/03/2009 2:12:37 AM PDT by gargoyle (...My thoughts are not seditious, or treasonous, they're revolutionary...)
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To: NormsRevenge

“Today’s jobs report is a sobering reminder that progress comes in fits and starts.”

Particularly if you’re stuck with an inept, socialist moron at the helm who was only too quick, facile, and glib in assuring everyone in the vast electorate that he could fix things.

Hey, dummy - you wanted the job; now stop bleating and fix things. To paraphrase Harry Truman, the buck stops with you; do your d*mn job, do it now, and quit whining about it.


75 posted on 10/03/2009 2:25:32 AM PDT by Jack Hammer (w)
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To: Candor7

On the exhilerating report that The Marxist Onada would be President for Life the Stock Market soared to 20000.

Those fellas and gals that pass for Stock Market “experts” are invested in a commie America. That’s the only way to make any sense of their inane “analysis”.


76 posted on 10/03/2009 5:51:39 AM PDT by dools007
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To: cripplecreek

did he insist the unemploment rate would be 75% if not for his brilliant stimulus plan?


77 posted on 10/03/2009 6:20:28 AM PDT by wny
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To: NormsRevenge

The best thing Bummer could do about this is... nothing.


78 posted on 10/03/2009 9:47:29 PM PDT by HiTech RedNeck (The Democrat party is a criminal enterprise.)
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To: Jack Hammer

He has no earthly idea.


79 posted on 10/03/2009 9:48:22 PM PDT by HiTech RedNeck (The Democrat party is a criminal enterprise.)
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