Posted on 09/03/2011 6:41:27 AM PDT by Son House
Still, that sampling irregularity has no effect on the trend, which clearly shows that the U.S. recovery is deteriorating. Signs of a continued deceleration add to the pressure on President Barack Obama, who is putting the finishing touches on a highly anticipated jobs plan, and all but guarantees the Federal Reserve will try further measures as it struggles to fulfill its mandate to bolster hiring.
America’s economy has failed to create enough jobs to keep up with natural increases in the labour force for four consecutive months, a number than economists say is about 100,000. Over that period, employers added an average of 39,500 workers per month. The monthly average over the four months before the recession started in December, 2007: 65,200.
“The choice about hiring, about investing, is whether companies think they can expand,” said Gary Burtless, a senior fellow at the Brookings Institution in Washington and a former economist at the Labor Department. “Companies are looking forward and asking: Where are the sales going to come from?”
Further evidence of economic stagnation likely will prompt further stimulus from the Federal Reserve, and adds pressure on Mr. Obama to deliver a jobs plan that can win backing in a political system that is so divided that it took brinkmanship last month to come up with an agreement to pay the nation’s bills.
“I would be arguing to go bold next Thursday,” Christina Romer, the former head of Mr. Obama’s Council of Economic Advisers, told Bloomberg Television on Friday. “We never really got up a head of steam,” she said. “My best guess is we are going to continue to grow weakly.”
(Excerpt) Read more at theglobeandmail.com ...
“tax increase of 1% of GDP lowers real GDP by almost 3%”
I see a cry for another stimulus and a tax increase on the “rich” coming our way. As Obama’s heros like to say “Never let a crisis go to waste.”
Get rid of Obamacare!
The easier solution - allow businesses to deduct 105% of salaries of full time employees. Do the same for medical benefits and for retirement costs.
eat the rich? Isn’t that fattening?
The proposals will be far greater. Included will be several sticks or ax handles to club and intimidate the selected unfortunate targets.
The time for easy measures is past. The thugs will now intimidate and beat their way into what they want. They have no other alternative. Brute force is the only way left
and the idiots in our population that support this crap will not see one red cent additional in their pockets as a result of all their class envy. These mental midgets are just about as smart as the cattle walking into the slaugher house.
$2 trillion of QE and 860 billion flushed down the DC crapper - and it got us what?So now we all know, except you drones... 'CHANGE' = MORE Spending MORE Debt MORE Golf MORE Taxes MORE Welfare MORE Abortions MORE Regulation MORE Government MORE Speeches MORE Money Printing MORE Vacations MORE Porkulus MORE Failure LESS WOOD (Gibson Guitars Strung Up by Feds) |
I truly believe, God will shine down on us again if we eliminate abortion from our laws and conversation.
Oh wait, I thought the whole reason for the Federal Reserve was for it to remain an independent body...free from political pressures and partisan political policies...Someone forgot to send the memo to the American people that this had changed.
We really need to get rid of the Fed. At the very least, these crooks ought to be audited and it ought to operate in a transparent manner.
This is one of the few things that Ron Paul has said recently in which I completely agree.
“America’s economy has failed to create enough jobs to keep up with natural increases in the labour force for four consecutive months, a number than economists say is about 100,000. Over that period, employers added an average of 39,500 workers per month. The monthly average over the four months before the recession started in December, 2007: 65,200.”
Sign of things to come?
Resignation would help. Thanks Son House.
There is only one set of actions Obama has left to spur an immediate jolt to the jobs situation.
Unfortunately, for him, taking these actions would be utter political suicide.
These actions would be as follows:
1. Rescind Obamacare in its entirety
2. Unwind much of his recently enacted 4200 additional regulations which are equivalent to $1.75 of economic output.
3. Reduce the corporate and capital gains tax rates.
This will never, never happen under his watch.
...that would be $1.75 TRILLON in economic output
Bold action; $100 bills and packs of Marlboros on election day.
Why do I think the answer will be “more government”?
There’s nothing bold about spending other people’s money
Are they preparing to nationalize 401(k) accounts? You know it’s in the cards. First offer will be “voluntary” and appear to be a good deal...
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