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08:26 PM
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Obama: Overall economy headed 'in the right direction'
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[quote:Anonymous Coward 18829753:MV8xOTE5Mjc2XzMyMTIyNDUzXzUxMzRGOTAw] [quote:Major_Payne:MV8xOTE5Mjc2XzMyMTIyMDIzXzE5N0NDNzFC] Someone needs a History lesson.... What Obama did in his three years so far: 1-stemmed the tide of out of control recession in only a few months 2-rate of jobs loss improved every month after the stimulus was passed 3-unemployment began declining a year after Obama took office 4-over three million new jobs have been created 5-businesses are now reporting record profits 6-the stock market has nearly doubled in value 7-economy has improved every month for the past two straight years Your choice: Obama or Romney (Bush 2.0) [/quote] 1-Obama did not stem the recession... not in a few months, not ever. 2-The numbers get revised every moth and the numbers are revised in a negative direction. 3-Obama hired, fired and rehired the census workers on a daily basis to make it look like new jobs were being created. 4-See #3. Also, 3 million jobs is not enough to keep pace with increased work force population. Many of the jobs are minimum wage and/or part time. As a result withholding taxes have declined. 5-It can always be said that some company is earning record profits. This is not an accomplishment of Obama's. Bankruptcies are up, as are home foreclosures. Last month more people went onto SS disability than were hired! 6-The money supply has tripled but the stock market has only doubled, In other words the stock market's real value is down by 1/3 or about 8,000. 7-I don't know what planet you're living on, but the economy has not improved, especially when the tripling of the money supply is factored in. [/quote]
Original Message
I hope this does not mean what I think it means....
To be able to say that... makes the gutting of America premeditated.
POLAND, Ohio -- It took President Obama about 10 minutes before addressing today's sluggish jobs report, showing just 80,000 jobs created and the unemployment rate unchanged at 8.2 percent
(Less jobs created than folks booking off on disability)
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link to firstread.msnbc.msn.com
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