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Title: WORST. JOBS. PRESIDENT. EVER. August Unemployment Rate Rises to 9.6%
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URL Source: http://gatewaypundit.firstthings.co ... nemployment-rate-rises-to-9-6/
Published: Sep 3, 2010
Author: gatewaypundit.
Post Date: 2010-09-03 10:44:05 by no gnu taxes
Keywords: None
Views: 12206
Comments: 20
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History. They wanted to fundamentally change America. They did. The US unemployment rate has not fallen below 10.8 percent in the last 12 14 months according to the Center for Economic and Policy Research. This is unprecedented. From November 2008, the month he was elected, until now, the economy has shed more than an astonishing 4.4 million jobs. That’s worse than Hoover. The AP reported: Private employers hired more workers over the past three month than first thought, lifting hopes for the weak economy. But the unemployment rate rose in August for the first time in four months as more people entered the market looking for work. Companies added a net total of 67,000 new jobs last month and both July and June’s private-sector job figures were upwardly revised, the Labor Department said Friday. Stock futures surged after the report was released. Wall Street analysts expected a smaller gain, according to Thomson Reuters. Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. For the first time this year, the manufacturing sector lost jobs — down a net total of 27,000 for the month. State and local governments shed 10,000 positions. It’s probably a good thing Romer bailed out when she did.
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#2. To: no gnu taxes (#0)
He didn't assume the Presidency until we were over a year into Boy Blunder's depression.
It should be obvious to even the worst Obma ass suckers how he is destroying the economy Businesses cannot make long term plans because because this asshole kenyan has put so many dumbass ideas forward that just destroy US competetiveness: 1. Obamacrapcare aka The Insurance Company Bill - Massive increases in insurance premiums and requirements to cover many extra employees. 2. Tax increases - these "rich" that make over $250,000 that the Kenyan wants to raise taxes on are mostly small business owners who file individual tax returns for their small business. Obama is taxing away jobs these businesses might provide. 3. Cap and tax - Obama has put forth multiple schemes which are driving energy costs higher. Cap and tax is a WMD hanging over the heads of business owners. I could go on but these 3 are devastating enough. Businesses need a predictable, stable business environment which enables them to compete with our global competitors. The DemoCong could care less about that. Its like they want US companies to fail.
I guess we'd all like that - it just ain't the way the world has worked so far. Actually, you are contributing your small part to economic failure. ...in a complicated economic system that feeds back on itself in many ways, events that start a vicious cycle might be as seemingly trivial as the proverbial butterfly in the Amazon that, by flapping its wings, sets off a chain of events that eventually results in a far-away hurricane. Chaos theory in mathematics explains such dependency on remote and seemingly trivial initial conditions, and explains why even the extrapolation of apparently precise planetary motion becomes impossible when taken far enough into the future. ... The problem for macroeconomics is that the types of causes mentioned for the current crisis are difficult to systematize. The mathematical models that macro-economists have may resemble weather models in some respects, but their structural integrity is not guaranteed by anything like a solid, immutable theory. ... This leaves us trying to use patterns from past, dissimilar crises to try to infer the likely prognosis for the current crisis. As a result, we simply do not know if the recovery will be solid or disappointing.
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Top • Page Up • Full Thread • Page Down • Bottom/LatestFrom November 2008, the month he was elected, until now, the economy has shed more than an astonishing 4.4 million jobs. That’s worse than Hoover.
#4. To: war (#2)
#9. To: no gnu taxes (#4)
Businesses need a predictable, stable business environment which enables them to compete with our global competitors. The DemoCong could care less about that. Its like they want US companies to fail.
Replies to Comment # 9.
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