Thread: More Failed Obamanomics - Only 80k New Jobs

Gloomy Jobs Data Hit Wall Street | Fox Business

This is the truth about where we are after over three years........It is time for a change.

The pace of job growth has slowed down dramatically in recent months. The economy added a 80,000 jobs in June, according to a report from the Labor Department. That came in short of expectations of 90,000, and was insufficient to change the unemployment rate from 8.2%. In comparison, the economy tacked on 275,000 in the first month of the year. The jobs gain for May, however, was also revised up to 77,000 from an initially reported 69,000.

Read more: Gloomy Jobs Data Hit Wall Street | Fox Business

Is this the 5.2 Obama promised by this time if we passed the stimulus????

Threads merged.

Originally Posted by tsquare

"The improving economy" the one the was going to carry Obama and his fan boys to victory in November just won't materialize




But... "It doesn't have to be this way."



No it doesn't have to be this way... but it is. And will be until November.

Thoughts?

News Headlines

Romney: 'It Doesn't Have To Be This Way' | The Weekly Standard

You won't see the magic bullet that you think exists if Romney wins. And I will be voting for him. But not because I am delusional and actually think the repubs can solve the problem that they had a large hand in creating.

You can try to patch up this sinking ship using any manner that you want. But the ship has a flawed infastructure and you only buy a little more time before it sinks. But you can fool the voting public into believing the pubs have the solution. They don't. They want more of the same that let the ship hit the iceberg.

The trend is still one of jobs leaving america in one form or the other. Until that is stopped, and we get some of that back, you are just pissing into the wind. Unless you can pull a new sector out of the hat that won't be off shored in time.

We could employ all of those millions jobless today if they would work for what the communists work for. That's the plan, the goal. I hope it fails.

Originally Posted by thanatos144

Gloomy Jobs Data Hit Wall Street | Fox Business

This is the truth about where we are after over three years........It is time for a change.



Is this the 5.2 Obama promised by this time if we passed the stimulus????

WHAT? Change from what obama has done which is basically a continuation of the republicans way? What are you gonna change to? The tax breaks are still here, with some more added. OH, if we just lower taxes more, that will do it!! Well, the bush tax cuts ain't done shit. And you want more of the same, ,so we can grow the debt even more.

Obama aside from the rhetoric has been a good republican in goverance. So any change is nothing more than a change in faces. But you think faces solve economic problems.

Originally Posted by Blue Doggy

You won't see the magic bullet that you think exists if Romney wins.

Yes, actually we will.

Count on it...

Originally Posted by tsquare

"The improving economy" the one the was going to carry Obama and his fan boys to victory in November just won't materialize







But... "It doesn't have to be this way."



No it doesn't have to be this way... but it is. And will be until November.

Thoughts?

News Headlines

Romney: 'It Doesn't Have To Be This Way' | The Weekly Standard

If you take into consideration that the statistics do not count the number of people who have run out of unemployment benefits--this number is much worse than 8.2%. Obama is very lucky they don't count those people--because I imagine there are millions who have not found work--but aren't counted because they no longer get an unemployment check.

Originally Posted by Oreo

If you take into consideration that the statistics do not count the number of people who have run out of unemployment benefits--this number is much worse than 8.2%. Obama is very lucky they don't count those people--because I imagine there are millions who have not found work--but aren't counted because they no longer get an unemployment check.

I have heard several experts say the U6, which is some sort of unemployment number is around 14 per cent. The long term nature of this rate tells me this ain't your normal aftermath of the recession, which has supposedly ended. No sir, this high rate is the collateral damage of off shoring for years, with no bubble to mask it. So what sector is gonna take up this slack. What new segement must be invented?

And hence Romney will not be able to fix it. And you will that see if he wins. And I will tell Tsquare ad nauseum, "I told ya so". But anyone with an ounce of common sense sees this. It's just the theory folks that can't see it. Or the ideological blind.

Here is my prediction We will be in double digits for at least another 10 years. At the minimum! This is gonna cause problems like we have not seen since the great depression, with nothing available in this economy to pull those millions of people up. America's globalization economy will chug along, if we are lucky, but there will be a great problem with those displaced workers and the workers coming out of college since 2008.

But, this is the price to be paid for our new economy. We may as well get used to it. I reckon over a hundred million americans being in poverty ain't such a bad swap for the pie in the sky globalization delusion.

And no Romney the venture capitalist will be just as powerless as Obama. But you can dream...

Originally Posted by tsquare

"The improving economy" the one the was going to carry Obama and his fan boys to victory in November just won't materialize




But... "It doesn't have to be this way."



No it doesn't have to be this way... but it is. And will be until November.

Thoughts?

News Headlines

Romney: 'It Doesn't Have To Be This Way' | The Weekly Standard

And how many Americans do you use for your construction projects?

If House Republicans had passed the President's jobs bill, the economy would be adding jobs already, particularly in the construction industry. But since they are rooting for America to fail in the hopes of beating Obama, there you have it.

On another note, if Republicans cared so much about jobs, they would never have let 100,000 teachers lose theirs over the last 12 months.

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I'll take 80k new jobs over 750,000 job losses that we saw under the previous administration.

Obama took us from 750k losses a month to plus 80k a month. Got us out of the ditch, and the backseat drivers say, "Give us back the power".

More evidence that the private sector is "doing fine".....

Originally Posted by MattInFla

More evidence that the private sector is "doing fine".....

Compared to the public sector, of course, but who cares about context when you're making a cheap political point, right?

Originally Posted by Jason Marcel

Compared to the public sector, of course, but who cares about context when you're making a cheap political point, right?

It's certainly never influenced your cheap partisan political points.

Originally Posted by MattInFla

It's certainly never influenced your cheap partisan political points.

Like?

My political points tend to be non partisan and common sense based, like passing an infrastructure bill that would create over 3 million jobs, but we can't create jobs because then that might reflect well on Obama, wouldn't it?

When it's a Repub President, Democrats work with the guy. When it's the other way around, Repubs won't even pass a bill that they've historically passed before whenever their guy is in.

Not very patriotic, imho.