New Unemployment Numbers a Disaster f...

New Unemployment Numbers a Disaster for Obama

Posted in the Middlesboro Forum

First Prev
of 3
Next Last
Cranky1

Versailles, KY

#1 Sep 7, 2012
http://www.bloomberg.com/news/2012-09-07/payr...

96,000 created in a month---IF you can believe the numbers from the obama department of labor. Each month they always-always-always revise them. Pathetic numbers and obama wants to finish us off with another four yrs.

The actual U3 unemployment number is over 11%. The U6 unemployment number is reaching Great Depression era numbers 20%+!

Obama is an unmitigated disaster!
believer of the truth

Dyer, TN

#2 Sep 7, 2012
Cranky1 wrote:
http://www.bloomberg.com/news/ 2012-09-07/payrolls-in-u-s-ros e-96-000-in-august-jobless-rat e-falls.html
96,000 created in a month---IF you can believe the numbers from the obama department of labor. Each month they always-always-always revise them. Pathetic numbers and obama wants to finish us off with another four yrs.
The actual U3 unemployment number is over 11%. The U6 unemployment number is reaching Great Depression era numbers 20%+!
Obama is an unmitigated disaster!
i thought you said, BLOOMBERG was a liberal??? the only thing that kept, the BAD TIMES BUSH years, from being another DEPRESSION, was pensions, social security, and food stamps!!! and the republicans, are trying to do away, with all three...
Cranky1

Versailles, KY

#3 Sep 7, 2012
-He is a full blown liberal and your point is?

-How can you spin 96,000 pitiful burger flipping jobs and make them sound like careers?

-Had the fools Bush, Obama, he was a senator and all for bailouts and the Congress allowed the banks and the auto manufacturers to face up to their responsibilities and the law, specifically bankruptcy law in 2008 we would have cleared out a mountain of bad debts and the result would have been a leaner more efficient system with the economy running efficiently with jobs, profit and tax revenue.

-This is nothing new, in 1920 we ran into the same mess and for about a year there was hard times, but government spending was cut and brought into balance, not increased, taxes were cut and the result was a decade of growth not matched since.

-And we learn nothing from this and do the opposite, just like FDR did and the result, prolonged economic misery.
Facts

United States

#4 Sep 11, 2012
Cranky1 wrote:
http://www.bloomberg.com/news/ 2012-09-07/payrolls-in-u-s-ros e-96-000-in-august-jobless-rat e-falls.html
96,000 created in a month---IF you can believe the numbers from the obama department of labor. Each month they always-always-always revise them. Pathetic numbers and obama wants to finish us off with another four yrs.
The actual U3 unemployment number is over 11%. The U6 unemployment number is reaching Great Depression era numbers 20%+!
Obama is an unmitigated disaster!
Yep - it's a shame we don't have any real journalists any more. If the truth were told about how bad things really are and the utter corruption of the obama regime were exposed to the light of truth, obama would be thrown in jail.
Coal miner

United States

#5 Sep 11, 2012
I can tell you that there won't be any more coal miners if obama gets re-elected. More and more are being laid off because of this idiot. All the miners I know are voting for Romney
Yep

United States

#6 Sep 12, 2012
Coal miner wrote:
I can tell you that there won't be any more coal miners if obama gets re-elected. More and more are being laid off because of this idiot. All the miners I know are voting for Romney
You got that right! No working man would ever vote for obama. He's never even had a real job and knows nothing about what it takes to run a business or create jobs.
believer of the truth

Dyer, TN

#7 Sep 12, 2012
Yep wrote:
<quoted text>
You got that right! No working man would ever vote for obama. He's never even had a real job and knows nothing about what it takes to run a business or create jobs.
yep, i know just what you are talking about, i voted for REAGANISM, in 1980 and he got rid of a lot of things i did not need, like health insurance, retirement pension and oh yeah, he cut my pay in half!!! so you see, he took a big load off of me...
believer of the truth

Dyer, TN

#8 Sep 12, 2012
Cranky1 wrote:
-He is a full blown liberal and your point is?
-How can you spin 96,000 pitiful burger flipping jobs and make them sound like careers?
-Had the fools Bush, Obama, he was a senator and all for bailouts and the Congress allowed the banks and the auto manufacturers to face up to their responsibilities and the law, specifically bankruptcy law in 2008 we would have cleared out a mountain of bad debts and the result would have been a leaner more efficient system with the economy running efficiently with jobs, profit and tax revenue.
-This is nothing new, in 1920 we ran into the same mess and for about a year there was hard times, but government spending was cut and brought into balance, not increased, taxes were cut and the result was a decade of growth not matched since.
-And we learn nothing from this and do the opposite, just like FDR did and the result, prolonged economic misery.
yep by now people would have been working for $3.60 an hour, which is half of minimum wage and good times would have been here again... aint that what michelle bachman wanted to do???
Cranky1

Versailles, KY

#9 Sep 12, 2012
yep, i know just what you are talking about, i voted for REAGANISM, in 1980 and he got rid of a lot of things i did not need, like health insurance, retirement pension and oh yeah, he cut my pay in half!!! so you see, he took a big load off of me...

-Reagan did not get rid of your health insurance and cut your pay. Your company might have but Reagan didn't call them up and say believer is an unbeliever. It sounds like the industry you were in changed and you refused to change or adapt and decided to just complain.

-17 million real jobs, not the burger flipping temp jobs obama carries on about, were created during Reagans 8 yrs in office. Trickle down as you say seemed to work great.

-Trickle up under obama, well are you going to believe your eyes or what obama tells you?
believer of the truth

Dyer, TN

#10 Sep 12, 2012
Cranky1 wrote:
yep, i know just what you are talking about, i voted for REAGANISM, in 1980 and he got rid of a lot of things i did not need, like health insurance, retirement pension and oh yeah, he cut my pay in half!!! so you see, he took a big load off of me...
-Reagan did not get rid of your health insurance and cut your pay. Your company might have but Reagan didn't call them up and say believer is an unbeliever. It sounds like the industry you were in changed and you refused to change or adapt and decided to just complain.
-17 million real jobs, not the burger flipping temp jobs obama carries on about, were created during Reagans 8 yrs in office. Trickle down as you say seemed to work great.
-Trickle up under obama, well are you going to believe your eyes or what obama tells you?
you are delusional, trickle down economics dont work and what reagan created was 17 million low paying jobs...
believer of the truth

Dyer, TN

#11 Sep 12, 2012
Cranky1

Versailles, KY

#12 Sep 12, 2012
Really all low paying jobs. People were buying houses, cars, going to college, taking vacations. The economy boomed under Reagan, the numbers clearly show they were hardly lowing paying jobs at all. Everybody benefited.

Now the economy is stagnant. Again trickle up doesn't work, it defies basic laws of nature.
Coal miner

United States

#13 Sep 12, 2012
Obama on track to have worst job record since World War II
August’s abysmally weak job growth proved yet again that President Obama’s economic policies are a miserable failure that will continue to undermine our country until he leaves office.
The government’s report that the economy added just a minuscule 96,000 jobs last month came at the end of the Democrats’ defensive national convention, where the president, Bill Clinton and other party luminaries made extravagant claims that things will get better if Mr. Obama is re-elected to a second term.
But analysts at the Federal Reserve Board, economists and business leaders say Mr. Obama’s declining economy is not going to get significantly better this year, next year or the year after that, until there are dramatic changes in the nation’s fiscal policies. Changes Obama Democrats refuse to make.
The deepening weaknesses in the employment picture also were underscored by revisions in the June and July job numbers, which found 41,000 fewer jobs were created than was reported previously.
Not only is the rate of job growth shrinking fast in the fourth year of Mr. Obama’s presidency; the economy’s growth rate also is slowing this year to a snail’s pace: 1.7 percent in the third quarter.
But he didn’t say anything about the weak job-creation rate or declining economic growth in his speech last week. Instead, he rattled off a long list of specious claims, taking credit for things for that were not true.
He told convention delegates and the nation at large that he had saved the automobile industry and boosted overall manufacturing, too. But auto-industry employment was still 12 percent below pre-recession levels, and employment data show we lost 15,000 manufacturing jobs last month, after a string of previous job losses in that sector.
Mr. Obama was playing fast and loose with the facts throughout his speech, as in his statement that “over the last three and a half years, we have focused on righting the ship … creating 4.5 million new jobs.”
But the Labor Department says job creation during Mr. Obama’s presidency has been several hundred thousand at best. In fact,“Obama is on track to have the worst jobs record of any president since World War II,” says Washington Post Fact Checker Glenn Kessler.
Mr. Obama claimed in his convention speech that he’s had to deal with an economic recession that is the worst since the Great Depression. But Ronald Reagan similarly faced a severe recession in which unemployment rose to 10.8 percent in November 1982.(Mr. Obama’s peaked at 10 percent.)
But Reagan “put in place a very different set of stimulus measures — emphasizing private-sector leadership — and when he faced the voters in 1984, the jobless rate had fallen to 7.3 percent,” economist Peter Morici points out.
Reagan’s across-the-board tax cuts — which Democrats ridiculed at the time — injected needed capital liquidity into every part of the nation’s economic bloodstream, and the economy took off like a rocket. Quarterly economic growth rates in 1984 were 8.5 percent, 7.9 percent, 6.9 percent and 5.8 percent. Compare that to Mr. Obama’s quarterly economic growth rates this year: 2.0 percent and 1.7 percent.
Mr. Obama told the country to be patient and the economy would improve under his infrastructure spending policies. But that hasn’t happened, and forecasters are predicting growth rates in the 2 percent range at best, far too weak to create the millions of jobs needed to bring unemployment down to 6 percent or less.
Unemployment fell last month, from 8.3 percent to 8.1 percent.(It’s been over 8 percent for 43 months.) But that’s because 581,000 workers stopped looking for jobs and thus were not counted among the unemployed.
believer of the truth

Dyer, TN

#14 Sep 12, 2012
Cranky1 wrote:
Really all low paying jobs. People were buying houses, cars, going to college, taking vacations. The economy boomed under Reagan, the numbers clearly show they were hardly lowing paying jobs at all. Everybody benefited.
Now the economy is stagnant. Again trickle up doesn't work, it defies basic laws of nature.
what has been put into effect in the last three years, has not had a chance to take full effect... just like BAD TIMES BUSH, it took him 8 years to destroy the COUNTRY and it will take the democrats, 8 years to fix it... i just wish we could hurry and get back to the good ole days, like the late 90s, after clinton straightened out BUSH SENIORS mess...
believer of the truth

Dyer, TN

#15 Sep 12, 2012
Coal miner wrote:
Obama on track to have worst job record since World War II
August’s abysmally weak job growth proved yet again that President Obama’s economic policies are a miserable failure that will continue to undermine our country until he leaves office.
The government’s report that the economy added just a minuscule 96,000 jobs last month came at the end of the Democrats’ defensive national convention, where the president, Bill Clinton and other party luminaries made extravagant claims that things will get better if Mr. Obama is re-elected to a second term.
But analysts at the Federal Reserve Board, economists and business leaders say Mr. Obama’s declining economy is not going to get significantly better this year, next year or the year after that, until there are dramatic changes in the nation’s fiscal policies. Changes Obama Democrats refuse to make.
The deepening weaknesses in the employment picture also were underscored by revisions in the June and July job numbers, which found 41,000 fewer jobs were created than was reported previously.
Not only is the rate of job growth shrinking fast in the fourth year of Mr. Obama’s presidency; the economy’s growth rate also is slowing this year to a snail’s pace: 1.7 percent in the third quarter.
But he didn’t say anything about the weak job-creation rate or declining economic growth in his speech last week. Instead, he rattled off a long list of specious claims, taking credit for things for that were not true.
He told convention delegates and the nation at large that he had saved the automobile industry and boosted overall manufacturing, too. But auto-industry employment was still 12 percent below pre-recession levels, and employment data show we lost 15,000 manufacturing jobs last month, after a string of previous job losses in that sector.
Mr. Obama was playing fast and loose with the facts throughout his speech, as in his statement that “over the last three and a half years, we have focused on righting the ship … creating 4.5 million new jobs.”
But the Labor Department says job creation during Mr. Obama’s presidency has been several hundred thousand at best. In fact,“Obama is on track to have the worst jobs record of any president since World War II,” says Washington Post Fact Checker Glenn Kessler.
Mr. Obama claimed in his convention speech that he’s had to deal with an economic recession that is the worst since the Great Depression. But Ronald Reagan similarly faced a severe recession in which unemployment rose to 10.8 percent in November 1982.(Mr. Obama’s peaked at 10 percent.)
But Reagan “put in place a very different set of stimulus measures — emphasizing private-sector leadership — and when he faced the voters in 1984, the jobless rate had fallen to 7.3 percent,” economist Peter Morici points out.
Reagan’s across-the-board tax cuts — which Democrats ridiculed at the time — injected needed capital liquidity into every part of the nation’s economic bloodstream, and the economy took off like a rocket. Quarterly economic growth rates in 1984 were 8.5 percent, 7.9 percent, 6.9 percent and 5.8 percent. Compare that to Mr. Obama’s quarterly economic growth rates this year: 2.0 percent and 1.7 percent.
Mr. Obama told the country to be patient and the economy would improve under his infrastructure spending policies. But that hasn’t happened, and forecasters are predicting growth rates in the 2 percent range at best, far too weak to create the millions of jobs needed to bring unemployment down to 6 percent or less.
Unemployment fell last month, from 8.3 percent to 8.1 percent.(It’s been over 8 percent for 43 months.) But that’s because 581,000 workers stopped looking for jobs and thus were not counted among the unemployed.
if indeed it is true, that it will be the worst in history, the republicans will be at fault, because their intentions are to make sure OBAMA FAILS, at all COSTS and they have made that well known...
Believe This

San Jose, CA

#16 Sep 12, 2012
believer of the truth wrote:
<quoted text>..... get back to the good ole days, like the late 90s,.
You're just an example of Old Fogeyism.
Old coots who refuse to progress or think about the present and future because you're too busy living in the glory days.

One foot in the grave, the other on a banana peel, you'd use your dying breath to gripe, complain, and look for somebody else to blame.
If you old codgers would just hurry up and croak, maybe the new generation could have some peace.

I'm glad I'm not bound to politics or guilty of political worship.
Working man

La Follette, TN

#17 Sep 12, 2012
This old democrat will be voting republican this time around. I want my old country and my old party back. Democrats like JFK were never this liberal, they loved this country and the people who built it. Obama only cares about himself. I don't see how anybody that works for a living could possibly vote for obama.
Believe This

San Jose, CA

#18 Sep 12, 2012
Believe This wrote:
<quoted text>
You're just an example of Old Fogeyism.
Old coots who refuse to progress or think about the present and future because you're too busy living in the glory days.
One foot in the grave, the other on a banana peel, you'd use your dying breath to gripe, complain, and look for somebody else to blame.
If you old codgers would just hurry up and croak, maybe the new generation could have some peace.
I'm glad I'm not bound to politics or guilty of political worship.
^^ And let me just add this I'm a pimple faced prick but with this computer I'm ten feet tall. Seriously my mother lets me paint her toe nails I love "wink" "wink" I know it's not right to look up at her naughty place but I just can't help myself. I thought I'd get that off my chest I wish I had real hair on my chest like mommy ^^ oops I've said too much.

“"I'm your Huckleberry"”

Since: Aug 10

Tombstone, AZ

#19 Sep 13, 2012
Believe This wrote:
<quoted text>^^ And let me just add this I'm a pimple faced prick but with this computer I'm ten feet tall. Seriously my mother lets me paint her toe nails I love "wink" "wink" I know it's not right to look up at her naughty place but I just can't help myself. I thought I'd get that off my chest I wish I had real hair on my chest like mommy ^^ oops I've said too much.
"It appears he missed an excellent chance to keep his mouth shut."
LOL

Mclean, VA

#20 Sep 13, 2012
Believe This wrote:
<quoted text>^^ And let me just add this I'm a pimple faced prick but with this computer I'm ten feet tall. Seriously my mother lets me paint her toe nails I love "wink" "wink" I know it's not right to look up at her naughty place but I just can't help myself. I thought I'd get that off my chest I wish I had real hair on my chest like mommy ^^ oops I've said too much.
The sad part here, Willy, is that you brag about incest.
That's what I don't understand about you hillbillies.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Middlesboro Discussions

Title Updated Last By Comments
Crimes 4 hr Sweetpea 3
Truth of Bears home 4 hr Truth 35
News Bible study rules for public schools proposed (Feb '10) 4 hr whome 165,569
Unsolved Murders (Mar '14) 5 hr angel king 47 20
jennifer and greta (May '09) 6 hr Wilco 7
Election Who do you support for U.S. House in Kentucky (... (Oct '10) 6 hr Republican 787
whats going on at Binghamtown Church??? (Aug '11) 17 hr A_Pilgrim 241

Middlesboro Jobs

More from around the web

Personal Finance

Middlesboro Mortgages