Posted on 06/05/2011 7:17:15 PM PDT by GVnana
President Obama is pointing to problems in Japan and Europe as challenges for the U.S. economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down.
Photo by: Pete Souza
Government data released Friday showed employers in May hired the fewest number of workers in eight months and U.S. unemployment rose to 9.1 percent, up from 9.0 percent in April.
That bump is a political challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful.
Part of his pitch will include steering attention to outside forces as causes for economic woes at home.
The president did just that in his weekly radio and Internet address, broadcast Saturday, by highlighting "head winds" that are affecting the United States.
"Even though our economy has created more than two million private sector jobs over the past 15 months and continues to grow, we're facing some tough head winds," he said.
"Lately, it's high gas prices, the earthquake in Japan, and unease about the European fiscal situation. That will happen from time to time. There will be bumps on the road to recovery."
(Excerpt) Read more at cnbc.com ...
During his campaign Obama blamed President Bush for the massive national debt and deficit spending. He said this is what wrecked the economy.
However, his answer to the problem is more deficit spending several times higher than Bush.
I am waiting for a reporter from CBS,NBC, MSNBC, or ABC to ask this one simple question: If Bushes deficit spending was the cause of this problem, why is deficit spending the answer to the problem.
Funny how that is, isn't it?
Remember the press obsession with W not "admitting a mistake?"
— “strong economic headwinds” —
Goolsbee had “Headwinds” too;
Austan Goolsbee: ‘Stiff Headwinds’ Slow Job Creation
http://www.freerepublic.com/focus/f-news/2730274/posts
Ever notice how this little psychopath b!tch likes to point his finger at people when he is speaking?
Dear God, I hope this POS is a one-termer and nothing more.
Aw. Why not blame Rush Limbaugh or Sara?
Prove it.
Nonvoters don't count as proper citizens.
On the other hand, the ones who voted for him would have been better citizens if they'd had the sense to realize they're too ignorant to bother to vote (example: my sister and her college-age daughter).
Thanks for correcting me. 70 million should still scare you.
If the recovery gets any slower we'll be going backwards... oh, wait a minute...
LOL!
Didn’t they just tell us housing prices went back to 2002 levels.
2002 wasn’t so bad - W was still president.
Oh, it does...as does the number of those who have not recognized an error in his election.
I just don't like people to imply the guy had a majority of Americans support him. :-)
I think, if people knew the truth, his popularity would be around 20%, he would be impeached.
Time for an extended payroll tax holiday for both employer and employee...
I have a liberal sister, doesn’t really follow politics. When Sarah first came on the scene, she liked her until Joy, Barbara and Whoopee told her not to!
GO SARAH!!!
well that’s understandable right?
Joy, Barbara and Whoopee are soooo much smarter than Sarah!
When liberals don’t experience “gotchya” moments everyday - when no one bothers to tell them they’re a bunch of morons, they actually manage to go through life believing they’re enlightened somehow.
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