Bleak jobs report dampens hopes of steady growth

Bleak jobs report dampens hopes of steady growth

WASHINGTON (AP) - A bleak jobs report suggests the recovery from the Great Recession will be longer and bumpier than many economists had envisioned.

Most economists say job growth should strengthen later this year as gasoline prices drop further and the economy recovers from the effects of natural disasters in the U.S. and abroad. But the recovery is starting to weaken 17 months before the 2012 election, which could hurt President Barack Obama’s re-election prospects.

The unemployment rate in May inched up to 9.1 percent from 9 percent, the Labor Department said Friday; when Obama took office, it was 7.8 percent.

The Conference Board, a business research group, predicts the rate will be 8.5 percent at the end of next year. That would mean Obama would face a higher unemployment rate than any president running for re-election since World War II.

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Bleak jobs report dampens hopes of steady growth

Thank God my wife isn’t one of those unemployed, she was, for quite some time, and as folks know, I am retired on disability, on a fixed income. Things were pretty tight for a while, but now we know what it is to be under employed.

We’re having to do some lifestyle modifications because my wife isn’t making the money she was 2 ½ years ago, and even though things are a lot better than they were at this time last year.

Now, every time I see where Barack Hussein Obama and his wife are going on another international trip, a mission of diplomacy, so they say, I get angry, simply because I know, they are NOT on any mission other than to go on another vacation on the taxpayers dollar.

Today it was disclosed that Michelle Obama announces official visit to Africa. I have to ask, WHY is she is going on an OFFICIAL visit, on OUR tax dollar. What is she? Other than being the wife of The Socialist in Chief?

What can she OFFICIALLY do, in Africa?

I am also going to avoid the obvious opportunity to engage in cruel punditry regarding an ancestral home or Barack Hussein Obama’s place of birth. Oops.

To get back to the point, jobs and the economy;

Romney points to job numbers as proof Obama fails

MANCHESTER, N.H. (AP) - Casting President Barack Obama as a failure who has tanked the United States’ economy, Republican White House hopeful Mitt Romney seized on Friday’s jobs report as he pitched himself as an alternative with the experience to turn around the struggling economy.

“Three years into his term, we have more news that unemployment has ticked up again,” Romney said at a town hall-style meeting, a day after he formally joined the GOP presidential contest.

Employers hired 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the U.S. economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt U.S. manufacturers.

Romney’s expected rivals also used the jobs numbers to make the case of why they should replace Obama in early 2013.

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Romney points to job numbers as proof Obama fails

I don’t like Mitt Romney, I don’t trust Mitt Romney. I wouldn’t hold my nose and pull the lever for Romney even if he were to be the GOP/RNC offering.

I believe that Mitt Romney is just another version of Barack Hussein Obama, and was the architect, the founding pattern of ObamaCare with his version of RomneyCare and all that it did to Massachusetts.

I feel that Romney would only be a continuation of what we have now, and by making him the POTUS, we would only be going from the frying pan to the fire, but I have to say this, Romney is correct on one point, the numbers DO point to the fact that Barack Hussein Obama has failed, on every level.

I personally don’t believe that Romney or any of the other so far ‘thought to be running’ folks can do much of anything to make the economy right.

The politicians talk, they promise, they pander for votes, they get elected and sit on their asses, spending OUR money, or playing golf, traveling the world and enjoying all the perks that the Office of The President offers, while the average American looks for ways to get by on less.

Then there’s this to worry about, Moody’s Warns of Downgrade for U.S. Credit.

Warnings about what could happen if Congress did not increase the nation’s debt limit “in coming weeks”, doesn’t that just set the tone for a great weekend?

How’s all that ‘Hope and Change’ working out for you now?