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Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

Yes, with a true unemployment rate hovering near 14%, plus millions of also tight-walleted part-timers dying for full-time living-wage work, the continuing SNAFU is completely understandable, as these people need to spend money to create more job opportunities, which they can't do because they don't have jobs, which they don't have because no one is hiring, which is because there's not enough increase in customer spending to justify full-time living-wage hiring ...

... So without heroic measures to create a super-customer(s), like Uncle Sam in 1942, and to bring in- and out- sourced jobs back to the poor sub-primers and other "middle-class" Americans devastated by this mess, are today's figures really any real surprise to any reasonable person not suffering from the dumbing-down effects of political wing ideology?

Of course not.

Here's another similar link: US employers add 80,000 jobs as economy struggles - Yahoo! Finance complete with a rather unmissable quote:

Gas prices plunging???

I don't remember any plunging.

I haven't heard any plunging sounds.

Have you heard any plunging noises at the pump?

There haven't been any plunging activities in my neighborhood.

It would be nice, though, if there was some plunging going on ..

.. Somewhere ..

.. Anywhere ..

.. Like, say, in Washington, D.C.
National gas prices have fallen more than 50 cents in the past 3 months, a fairly significant drop.
 
To me this is even more distressing:

The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.

And this:

While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.

3.1 Million Workers Join Disability Ranks Vs. 2.6 Million That Got Jobs In Obama Recovery - Investors.com
 
Good news for the lib's......more people filed new claims of being disabled, 85,000, than those that found a job, 80,000. BOeconomics at its best.......more people on food stamps, more people on disability, more people giving up looking for work. I think BO is doing exactly what he set out to do almost 4 years ago.....he is transforming the Nation into a banana republic.
 
Look at the bright side... at least it is positive growth and not the 700k negative growth when this administration took over. Is it good enough? Nope, but again considering the state of American politics (total and utter gridlock and negative attack talk) and the state of the world economy due to the sub-prime mortgage melt down in 2007-8, then that there was growth at all is almost impressive.

It was only around 50,000 jobs short of keeping up with population growth, so I wouldn't call it "almost impressive", but rather "almost sufficient".

Four More Years... LMAO
 
Yes, with a true unemployment rate hovering near 14%, plus millions of also tight-walleted part-timers dying for full-time living-wage work, the continuing SNAFU is completely understandable, as these people need to spend money to create more job opportunities, which they can't do because they don't have jobs, which they don't have because no one is hiring, which is because there's not enough increase in customer spending to justify full-time living-wage hiring ...

... So without heroic measures to create a super-customer(s), like Uncle Sam in 1942, and to bring in- and out- sourced jobs back to the poor sub-primers and other "middle-class" Americans devastated by this mess, are today's figures really any real surprise to any reasonable person not suffering from the dumbing-down effects of political wing ideology?

Of course not.

Here's another similar link: US employers add 80,000 jobs as economy struggles - Yahoo! Finance complete with a rather unmissable quote:

Gas prices plunging???

I don't remember any plunging.

I haven't heard any plunging sounds.

Have you heard any plunging noises at the pump?

There haven't been any plunging activities in my neighborhood.

It would be nice, though, if there was some plunging going on ..

.. Somewhere ..

.. Anywhere ..

.. Like, say, in Washington, D.C.

In Houston, gas prices have dropped to about 3 bucks a gallon from almost 4 bucks a gallon. To me, that is definitely a plunge. But does Obama get credit for it? Hell no. It's market forces at work. Same as when Bush was in office. When gas prices were high, Liberals accused Bush of conspiring with oil companies, then when prices plunged, they said Bush had nothing to do with it. And of course Bush had nothing to do with falling gas prices in 2008. Obama has nothing to do with falling gas prices in 2012. But, depending on whether you are a Democratic partisan hack or a Republican one, you will hear a completely different story from what I posted here. LOL.
 
yes, then we could return to the same practices that put our economy in the ditch
great idea [/s]

You mean like the Democrats blocking any reform of the GSEs in committee and Barney Frank and Chris Dodd geting sweetheart deals from CountryWide as they help engineer the manipulation of the Housing Market?

No thanks

Obama himself predicted unemployment would be at 5.6% at this time during his presidency. One third of these new jobs are from temp agencies. More people went on Disability than were able to receive jobs. African American Unemployment is at 14.4%. 11% for Hispanics.

FLASHBACK: Obama: My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3 Years - YouTube!
 
You mean like the Democrats blocking any reform of the GSEs in committee and Barney Frank and Chris Dodd geting sweetheart deals from CountryWide as they help engineer the manipulation of the Housing Market?

That's funny. Frank actually helped pass GSE reform in the House back in 2005, but Republicans, bowing to White House pressure, killed it in the Senate. Other than that....
 
of course it is
when Obama wanted to impose more taxes on high earners the republicans countered that they would end unemployment benefits for the masses, the masses out of work because of the GOP's policies and practices
so the disparity between rich and poor continues to grow - just as the GOP intends
 
Good news for the lib's......more people filed new claims of being disabled, 85,000, than those that found a job, 80,000. BOeconomics at its best.......more people on food stamps, more people on disability, more people giving up looking for work. I think BO is doing exactly what he set out to do almost 4 years ago.....he is transforming the Nation into a banana republic.

more people are filing for social security at 62 instead of waiting for their full benefit at 65
why? because they cannot find work in this GOP lead great recession
the GOP would hurt the nation and its people if that would also hurt Obama's re-election chances
such 'patriotism'
 
Yea, less regulation is exactly what US business needs.. especially the bankers and big financial institutions...and the big polluting industries.. so what if you get real fire water, and your children grown extra fingers...

What the US needs is not less regulation but the correct regulation and the enforcement of said regulations. On top of that it needs to break the GOP lead cluster**** deadlock in Congress so they can actually get around to do something instead of "investigating" idiotic things /wave Issa.

As for saving money.. start with Congress.. cut 50% of all wages and sums given to every Senator and Congressman. Maybe then they will feel how it is to be an ordinary citizen in the US.

Typical cliche rhetoric without any basis in fact

Obama adds 5 trillion to the deficit within 4 years and you're telling us if we want to save money start with Congress?

Doesn't pass the laugh test
 
but the gop/romney is telling us it intends to return to the policies and practices of the dicknbush regime
return to the very actions that put our economy in the ditch in the first place

The dicknbush policies minus the democrat party policies equals job creation.
 
Typical cliche rhetoric without any basis in fact

Obama adds 5 trillion to the deficit within 4 years and you're telling us if we want to save money start with Congress?

Doesn't pass the laugh test

Are you under the impression that the president can appropriate money without Congress?
 
of course it is
when Obama wanted to impose more taxes on high earners the republicans countered that they would end unemployment benefits for the masses, the masses out of work because of the GOP's policies and practices
so the disparity between rich and poor continues to grow - just as the GOP intends

You should read the report listed instead of jumping into your cliche talking points that have no basis in reality

Even Obama claimed you don't raise taxes during a recession. He had a super majority for almost 2 years and did nothing. If raises taxes was the answer, why didn't the Democrats do it? Oh wait ...

FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube
 
Typical cliche rhetoric without any basis in fact

Obama adds 5 trillion to the deficit within 4 years and you're telling us if we want to save money start with Congress?

Doesn't pass the laugh test

damn, i always thought that our nation's budgetary appropriations were determined by the GOP led house of representatives
 
Are you under the impression that the president can appropriate money without Congress?

Did any Republicans vote for failed Stimulus Package?

Yes or No
 
Did any Republicans vote for failed Stimulus Package?

Yes or No
are you referring to the one where they imposed a requirement for tax breaks instead of spending as a condition for their support
 
damn, i always thought that our nation's budgetary appropriations were determined by the GOP led house of representatives

It is...except when stymied by the Democrat-lead Senate.
 
more people are filing for social security at 62 instead of waiting for their full benefit at 65
why? because they cannot find work in this GOP lead great recession
the GOP would hurt the nation and its people if that would also hurt Obama's re-election chances
such 'patriotism'

Denial + Politics = Entertainment at it's finest
 
It is...except when stymied by the Democrat-lead Senate.

so, if stymied, there would have been no spending
and if that were true, where did the $5 trillion you refer to come from
notice how the facts work against your position
 
That's funny. Frank actually helped pass GSE reform in the House back in 2005, but Republicans, bowing to White House pressure, killed it in the Senate. Other than that....

More Daily Kos talking points not even remotely grounded in reality

Cause of 2008 financial crisis - Democrats block regulation - YouTube

Amazon.com: Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (9781455851621): Gretchen Morgenson, Joshua Rosner, L. J. Ganser: Books

Barney Frank Rebuffs GSE Reform Efforts, Says Fannie And Freddie Bondholders Will Not Be Made Whole | ZeroHedge

Here's a letter he wrote to President Bush

We write as members of the House of Representatives who continually press the GSEs to do more in affordable housing. Until recently, we have been disappointed that the administration has not been more supportive of our efforts to press the GSEs to do more. We have been concerned that the administration’s legislative proposal regarding the GSEs would weaken affordable housing performance by the GSEs, by emphasizing only safety and soundness. While the GSEs’ affordable housing mission is not in any way incompatible with their safety and soundness, an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing.

We have been led to conclude that the administration does not appreciate the importance of the GSE’s affordable housing mission, as evidenced by its refusal to work with the House and Senate on this important legislation. It now appears that, because Congress has not been willing to jeopardize the GSE’s mission, the administration has turned to attacking the GSEs publicly. We are very concerned that the administration would work to foster negative opinions in the financial markets regarding the GSEs, raising their cost of financing. If the intent is to get prohousing members of Congress to weaken their support of the GSEs’ mission, it is a mistaken strategy.

Our position is not based on institutional loyalty, but on concern for the GSE’s affordable housing function. We appeal to you to agree to work on legislative proposals that foster sound oversight and vigorous affordable housing efforts instead of mounting assaults in the press. We also ask you to support our efforts to push the GSEs to do more affordable housing.
 
It is...except when stymied by the Democrat-lead Senate.

They haven't even passed a budget in over 1000 days. Not one of Obama's proposed budgets has passed. His last one was shot down without a single vote in it's favor.

How embarrassing
 
They haven't even passed a budget in over 1000 days. Not one of Obama's proposed budgets has passed. His last one was shot down without a single vote in it's favor.

How embarrassing


and yet you wonder why Obama has not adequately stimulated the economy
 
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