It's happening because of the knowledge of the 2nd term of 0bama around the corner for us Mr. Romney.
wOW, an article that didn’t blame Bush for the unemployment numbers. Maybe the next one right before the elections..
The problem with the recovery, is that there is no recovery, and Romney and too many in the country are believing it. When a country is getting a big net loss of jobs, and net tax revenue is going down, then, how can anybody in their right minds be talking about an ongoing recovery. This is a recession, and it’s been made worse and prolonged by the Obama policies.
The conversation needs to be changed to reflect the real truth about this economy, and recovery is very far from being a fact.
Any bets on who the Tribune will endorse for President, regardless of the economic news?
Yep...BamBam gonna be out of a job in January, 2013.
Hakuna Matata
Heh-heh.
“”We should be seeing numbers in the 500,000 jobs created per month. This is way, way, way off from what should happen in a normal recovery,” Romney said.”
Would somebody wake up the RNC and Romney’s campaign staff, please! There is no “recovery” and has never been any indication of a “recovery”. The economy has shrunk, become “European-ized” with high systematic unemployment especially among the young, and is now settling into a new, lower level of health. Someone tell these so-called politicians that mere use of the word “recovery” is supportive of your opposition. Ban the word from your vocabulary! Never describe current economic conditions as anything better than adjusted, downsized, and settling in at a lower level. There is nothing remotely like a recovery in the US.
Also, beat a steady drum about the Dem party taking the path of Greece and that the Repub party is on the path of prosperity. If you can’t beat that drum, you are missing out on the greatest campaign gift of the 21st century, that is, Greece (and France seems determined to join ‘em).
The headline of this article is a classic case of reverse causality. It shouldn’t be “Job news bad for Obama” but “Obama bad for job news”. The reader would be much better informed by the latter title.
Obama’s Jobs Plan in action
Congress Revolts On Obama Plan That Would Ban ‘Buy American’
http://www.huffingtonpost.com/2012/05/03/obama-trade-congress-buy-american_n_1475277.html
WASHINGTON — A group of 68 House Democrats and one Republican sent a letter to President Barack Obama on Thursday urging him to reconsider an element of the controversial free trade agreement currently being negotiated by the administration. If approved in its current form, the pact would effectively ban “Buy American” policies in government contracting.
(http://big.assets.huffingtonpost.com/BuyAmericanTPPLtrtoAdmin.pdf)
On a purely personal note, I have to submit that, with Obama’s performance as it is, those who are still pro-Obama would stay with him if he turned out to be a communist sleeper agent, child-molesting, homosexual who favored euthanasia for anyone over sixty and had been proven to have handed nuclear secrets over to the North Koreans and the Chinese.
In other words, Blacks, homosexuals, socialists, communists, atheists, Latinos/as, illegals, weak-kneed Whites intent on proving to the world how “enlightened” they are, and everyone who wants to see the military reduced to a third-rate, PC force riddled with Obama supporters and careerist officers intent only on self-promotion.
Those numbers aren’t going to shift very much.
The unemployment rate number (U3?) is officially meaningless.
Every time the number of jobs decreases, simply artificially reduce the number of job seakers accordingly,
and keep the “rate” steady at 8%, so that in October, you can say it’s 7.9[9999999].