"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt


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Tuesday, October 22, 2013

September Shows "Unexpected" Weakness in Jobs Creation


"Things could be worse. I might have a media that does not worship at my altar."

"Unexpected." AGAIN.

The only thing that would truly be unexpected is if Obama actually managed to create a few jobs after five years and spending 50% of the current U.S. debt.

From CNBC:

September saw the U.S. economy add just 148,000 jobs, significantly worse than expected, according to a report delayed more than two weeks by the government shutdown. 
The unemployment rate unexpectedly fell to 7.2 percent, the lowest since November 2008, as the labor-force participation rate held near 35-year lows, according to the Bureau of Labor Statistics.  
[...]
 
Economists had been expecting 180,000 new positions and a steady jobless rate.

"This kind of report adds to the sense of foreboding about our economy," said Claire McKenna, policy analyst at the National Employment Law Project.

[...]
A broader measure of unemployment that takes into account the underemployed and those who have quit looking for work also edged lower, to 13.6 percent.

"Today's blistering jobs report has quickly reminded America that our economic problems are getting worse, despite talking point reassurances from Federal Reserve officials," said Todd Schoenberger, managing partner at LandColt Capital. [emphasis mine]

Yeah, that Obamanomics is sure working wonders. And it only cost how many trillions of dollars to get these sterling results?


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