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 ...
Been out of work since 1-1-2011.
Ever time I hear about unemployment RISING to 9 percent I call BULLSTALIN.
They write people OFF the rolls to keep the number below 10%
Been out of work since 1-1-2011.
Ever time I hear about unemployment RISING to 9 percent I call BULLSTALIN.
They write people OFF the rolls to keep the number below 10%
Does he even have a reflection?
maybe there needs to be a public awareness campaign.
These so-called “people who are no longer looking for a job” need to tweak their answers so that they become included in the unemployment numbers.
AC/DC is far more my speed too, as you probably know, but the original comment that sparked my post just made it too easy.
“”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.”
The gas prices are a result of the falling dollar which is Obama’s doing by monetizing the debt. As for Europe and Japan causing us problems, they too are a reaction to the US insolvency.
IBM tells me I need to move to India so their douchebag fatcats can reap high incomes while I earn turd world salary.
And “Those Who Worship him” will start spewing this garbage.
So the solution is to cripple energy production here,
the earthquake in Japan,
Strange how dependent we are all of a sudden. Obama didn't have 9-11 to deal with.
and unease about the European fiscal situation.
Our "fiscal situation" doesn't make him nervous.
Let those Europeans feel heat of the ol' Zer0-moj0!
That'll fix everything, right?
ahhhh.....we live near the zipperhead birthplace. They’ve abandoned us long ago!
My husband has been out of work since SEPTEMBER 2009. Unemployment ran out almost two months ago as it did for millions, hence the fake bump in the lower unemployment number. All they do is lie.
Construction has been killed by ZerO.
The ‘no longer looking’ are because there’s nothing to look for!
is that how they figure it? If you run out of unemployment benefits you no longer count?
wow.
It is his goal to take down western civilization. America is the key. Then he will blame Israel and declare war on them. Sound ridiculous? That’s where I think the great Ghazi wants to go.
And it doesnt stop there. After Israel the muzzies will feel empowered, then its onto greater things ~ America and Europe, not necessarily in that order.
The sooner he is evicted, the better.
The new meme for the pressholes to pick up from the White House fax machine.
Yeah, let’s just go and piss off our allies.
But I thought the world would love us again after we got rid of that evil “Booooosh.”
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