There can be no question that our president has been a disaster.
Our non-existent "economic recovery" has placed millions of people into unbelieveable agony as a result of his policies. And what do we have to show for it?
Pain.
That's right.
Pain.
Employment growth slows sharply in May
Case worker Jessica Yon discusses eligibility for unemployed people at a jobs center in San Francisco, California February 4, 2010. REUTERS/Robert GalbraithFriday June 3, 2011, 12:05 pmBy Lucia Mutikani
WASHINGTON (Reuters) - The U.S. economy may be in for a prolonged period of soft growth as employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent.
Nonfarm payrolls increased 54,000 last month, the Labor Department said, fewer than the most pessimistic forecast in the Reuters survey and just over a third of what economists had expected.
The employment report which showed broad weakness confirmed the loss of momentum in the economy already flagged by other data from consumer spending to manufacturing, and stoked fears the economy could be facing a more troubling stretch of weakness than had been thought.
"There are plenty of reasons to expect the third quarter will be better. But the question is now becoming how much better?," said Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts.
Economists had pinned the economy's sluggishness largely on high energy prices, supply chain disruptions stemming from Japan's earthquake and tornadoes and flooding in the U.S. Midwest and South. The department said it found "no clear impact" from weather on the jobs figures.
The CBO was right, back in the day. They tried to warn us, and for those like the editorialists on the democratian, here's a breif replay of the reality I knew, and warned, we'd face:
CBO: Obama stimulus harmful over long haul
President Barack Obama speaks to the House Democratic Issues Conference on Thursday in Williamsburg. Associated Press
More:President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary.
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Etc, etc.It is to the ongoing misfortune of millions around the world that we have such a clueless president. An unnecessary auto bailout that has cost us AT LEAST $14 billion; a Keystone Cops foreign policy, a monumental unemployment rate, gasoline prices in the stratosphere. And yes, ALL of that is on him, because you can bet your ass that if it were goi9ng the other way, he'd be taking ALL the credit.
Having long since surpassed that other democrat icon, Jimmy Carter, as the worst president this country has ever known, President Obama has earned the title:
The Failure.
The democratian, BEING the democratian, apparently hasn't noticed our double-digit unemployment around here, and the abysmal economy which is no more getting better than it's been for months, and the ongoing babble of their hero sinks to the level of background noise. Yet the rag wants to tax us for a ballpark and toll us for a bridge when we need neither.
Will the rag EVER respond to the reality that confronts the rest of us?
.
1 comment:
Oh you mean "Ankle Biter Supreme?"
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