Weak job growth makes bold Fed action more likely
WASHINGTON (AP) - U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy’s persistent weakness and slowing prospects for the unemployed.
The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People out of work are counted as unemployed only if they’re looking for a job.
The sluggish job growth could slow the momentum President Barack Obama hoped to gain from his speech Thursday night to the Democratic National Convention.
It could also make the Federal Reserve more likely to unveil a new bond-buying program at its meeting next week. The goal would be to lower long-term interest rates to encourage borrowing and spending.
Full Story Here:
Weak job growth makes bold Fed action more likely
Bold Fed action more likely? Of course it is!
Between now and election day look for the Democrats to pull out ALL the stops, to make deals and promises, to engage in some sort of *surge* if you will, one that is determined to show the American public what a *good President and wonderful, caring person* Barack Hussein Obama is. Don’t fall for it!
During his speech at the DNC former President Bill Clinton said, “No one could have repaired all the damage he found in just four years”.
I may be wrong but didn’t Ronald Reagan clean up just such a mess after the term of what will now be looked at as the 2nd worst President in U.S. history? Jimmy Carter? And didn’t he do it LESS than 3 years?
Under the leadership of George W. Bush our nation was enjoying an average rate of unemployment at 5.24%, gasoline was $1.78 a gallon, we had a AAA Credit Rating, we were respected worldwide, feared by some and loved by many.
In 2007 the Democrats took over the House and Senate and in 2009 Barack Hussein Obama took over as President of the United States.
Today, after nearly 4 years of the Obama’s so-called *leadership* we have a AA Credit Rating. We have unemployment admitted to be at 8.3%. We have Americans that have given up on the idea of even finding work, thus allowing the Feds to alter the number downward a slight bit to 8.1%, but remember this; by some estimates, the REAL numbers on unemployment are at least 10% if not a bit higher.
And gasoline, lets not forget gasoline; it’s somewhere near $4.00 a gallon all over the USA, and above, well above $4.00 a gallon in some areas.
Vice President Joe Biden had the guts to ask, “Are you better off now than you were 4 years ago”. That one question, in and of itself, disregarding any and all other statements made by the entire Obama regime should be more than enough to cause at least a 20 point jump in all polls, in Mitt Romney’s favor!
Barack Hussein Obama says news that private employers created just 96,000 jobs last month is “not good enough” and the economy needs to churn out jobs faster. SOURCE
Barack Hussein Obama is an evil FOOL!
I say this in ALL confidence, the Obama has nothing between his jug-ears other than America hating fecal matter!
The economy can’t and won’t “churn out” jobs any faster, the employers of America have little, if ANY confidence in the Obama regime, and in all truth, fear what may happen to them if Obama is given a 2nd term and then issues an executive order to Nationalize all businesses in the United States!
I pointed out on 09-06-12, that the media is actually beginning to do their job as opposed to carrying the water for Obama. Well, here we go with another piece from the AP that also does the *fact vs. fiction* kind of reporting that must be done: FACT CHECK: Obama and the phantom peace dividend
When the U.S. media starts to take notice of the disaster that IS Barack Hussein Obama, and begins to do the FACT CHECK thing on his words as opposed to his actions and deeds, you know that America is in dire straits.
If America gives Obama 4 more years, America will cease to exist!
If you watched the DNC Convention and listens to the *I HATE AMERICA* attitude of the speakers, if you saw the DNC and their reaction to the word GOD, if you heard the abortion lovers speak high praise of Barack Hussein Obama and you didn’t come away with a SICK feeling in the pit of your stomach, there is NO HOPE for you!
We actually had a good economy under GW Bush until the Democrats took control of congress. What a lot of people don’t know is Bush wanted congress to reign in Fanny and Freddie when he took office. He finally got them to get on board but was stopped in the senate by a threatened filibuster led by Chris Dodd and supported by the freshman senator from Illinois who now blames Bush for everything. If congress had acted when Bush wanted them to, a lot of what happened might have been averted.
I can’t understand the people of America. Jobs are gone, we have trouble borrowing, we owe so much money that if our creditors wanted to they could enslave all of us, Russia is demanding Obama win a second term, we destroy our allies and bow to our enemies, Gas is at $4.35 here, and the price of food is sky-rocketing. Yet the idiots will still vote for Obama because he is a likeable guy.
What will it take to wake these idiots?
Two things we sometimes forget about Bush:
1. He had to deal with the HUGE economic hit the nation took following 9/11, which lasted for months;
2. He submitted and asked for serious revisions to Social Security but was shot down in flames by Demorats.
BZ