Obama and progressive mission accomplished – More Americans now living in poverty than at any other time in American history
Another day, another Obama record. Progressives including Obama want people in poverty. They want people dependant on the government for handouts and sucking on the government teet. It looks like they are sucessful. According to The Hill, more Americans were living below the poverty line in 2010 than at any other recorded point in American history! Quite the accomplishment there for Obama and the then lead Nanzi Pelosi controlled House. Oh and remember ObamaCARE was supposed to cover those without health care? Last year after ObamaCARE passed, more people last their coverage than gained coverage. So how’s ObamaCARE working out for you?
How about that Obama American Jobs Act speech? Dow Jones tanks over 300 points and under 11,000
Looks like Obama’s yelling to “PASS MY BILL” or the American Jobs Act which doesn’t even exist on paper yet was a complete and total bust. Of course, who couldn’t see this coming? After Obama yelled and screamed and read his teleprompter as loud as he could, the stock market tanked again. The Dow Jones dropped almost 304 points, and under 11,000 AGAIN. The Nasdaq dropped 58 points and the S&P dropped 29 points. Overall, the stock market indexs dropped an average of 2.5% thanks to Obama screaming for more stimulus.
ObamaFAIL! Initial jobless claims spikes to 414,000 or .485%
I wonder what the excuse this time is? The last couple of weeks it was the Verizon union thugs going on strike to pump up the numbers. Since they’ve returned to work, that faux excuse can’t be made anymore. As usual, the lame stream media considers this “unexpected.” Initial jobless claims are on the rise yet again, as they spiked to 414,000 or .485%. This just hours before Obama bin Marxist gives his propaganda speech to call for more stimulus to help pay off his union thug pals.
ObamaFAIL! The Real Unemployment rate rises to 16.2% in August – 26 million American affected
It’s always a bit mysterious to me. You need at least 350,000 jobs added per month just to keep up with population growth. Yet the Obama regime finds a way to keep the commonly referred to unemployment level from rising above 9.1 with ZERO jobs added for the month of August. That’s quite a bit of fudging the numbers by a corrupt regime. But one area the regime couldn’t hide the increase unemployment is the “REAL” unemployment. This not only includes those out of a job, but it also includes people who are working part time and want full time jobs, and other measurements. The REAL unemployment rate spiked to 16.2% in August according to CNSNEWS. You’ll never hear th media report on this number.
Another Rick Santelli epic rant – Shame on Obama for scare tactics during the debt ceiling debacle and zero jobs added in August
You’ve got four Obama lickers on CNBC and Rick Santelli. The liberal hacks are trying their darnedest to shield Obama from any blame on the ZERO jobs added in the month of August 2011. As we all know. It’s never Obama’s fault on anything. It’s those damn ATM machines, earthquakes in Japan, Arab Spring, Europe’s problems, etc. But Rick Santelli wasn’t having any of that, and yet again went on an epic rant, destroying not only Obama, but the four left wing hacks on CNBC.
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America adds a grand total of ZERO jobs in August – yet unemployment rate stays at 9.1%
America added a whopping ZERO jobs in August 2011. I’ve heard of positive or negative job growth per month, but exactly ZERO? The last time this happened? In 1945! Expectations for August’s job grown were about 80,000. Yet, even with ZERO net jobs added in August the unemployment rate didn’t move from 9.1%. Amazing how the Obama regime and the Bureau of Labor Statics can manipulate the numbers to their advantage isn’t it? CNN already is using excuses. They claim that the Verizon striking union thugs were part of the “unemployed” in August, yet they went back to work with no new contract two weeks ago (IN mid August). I guess all of Obama’s golf outting and trips to Marxist Vineyard didn’t help much in stimulate the economy. Happy Labor Day everyone!
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ObamaFAIL! Consumer Confidence Index plunges to it’s lowest level since April 2009
As America waits breathlessly for Obama’s “jobs” plan, some more bad news on Obamanomics have come out. According to The Conference Board, Consumer Confidence Index has plunged nearly 15 points since July to a pitiful low of 44.5. The Consumer Confidence Index hasn’t been this low since April of 2009 shortly after Obama began has wrath against America. Also, the Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month.
ObamaFAIL! Quarter 2 GDP revised downward to a mere 1 percent from 1.3 percent
Obama at least just has Warren Buffet to prop up the stock market with his pal George Soros. But even Buffet can’t prop up the GDP numbers. The U.S Department of Commerce is good are releasing false numbers and then ”revising them” downward a few weeks or months later (Remember Q1 GDP that was off by nearly a full percent?). Today, Q2 GDP was revised downward from 1.3% to a measly 1.0%. ObamaNOMICS at work!
Obama golfs and parties, 417,000 file applications for unemployment benefits for the first time
I love the bias of the Associated Press. Fox News used their story to report on the rise in first time filing of unemployment benefits by 5,000 last week. The total number of people filing for the first time spiked to 417,000 as Obama parties it up and Mooch drinks her vodka and has her massages. But as the AP usually does, they have an excuse for the spike. It’s all because of the Verizon strike! LOL!
Unemployment to remain above 8 percent through at least 2014 thanks to Obama’s policies
While Obama focuses like a laser on golfing and inhaling lobster tails, the The Congressional Budget Office (CBO) released their projections for the national unemployment rate. Needless to say, it’s a disaster, but is probably music to the progressive liberal Marxists ears. According to CNSNEWS, unemployment will remain above at least 8% through at least 2014.
CNBC: Stocks pricing in recession
CNBC’s headline of their story is that stocks are pricing in recession. This is why the stocks have had their worst four week drop since March of 2009. Being that CNBC is a part of NBC, they have to quickly try and discount their own story by bringing in the thoughts of progressive economist and Goldman Sachs senior investment strategist Abby Joseph Cohen to discount the stock market drop and lousy economic conditions.
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Stocks have worst four week drop since March of 2009
As the Dow Jones fell another 173 points today King Putt started his tax payer funded Martha’s Vineyard vacation with his 77th round of golf. After the close of the stock market, all three major stock averages (DOW, Nasdaq, S&P 500) had their biggest four-week decline since March of 2009. According to CNBC, the S&P 500 alone tumbled by about 16% during those four weeks.
Here’s what could affect the markets next week:
Holiday Road! Obama off for two week vacation at Martha’s Vineyard as stock market crashes again
What Obama worry? He’s got a plan! Oh wait, he will have a plan and how to fix the world’s ills after Labor Day. First though, it’s vacation time, because as we all know he’s been so overworked. The Dow Jones fell back under 11,000 points with a more than 400 point drop. The Nasdaq tumbled 131 points or over 5%. S&P 500 fell 53 points or about 4.6%.
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Moody’s slashes economic growth forecasts, again
President downgrade’s Obamanomics are an epic failure, economic “growth” has been cut twice now by Moody’s. According to the Wall Street Journal, Moody’s expects GDP to grow at an annualized rate of about 2% in the second half of this year. They are forecasting barely over 3% growth for 2012. Last month, Moody’s had expected growth to be at 3.5% during the second half of this year.
Obama’s jobs plan revealed – create a new government agency – The Department of Jobs
Oh so that’s it! Obama’s jobs plan was so simple, why didn’t I think of that? Create yet another government agency called “The Department of Jobs.” Because the EPA, The Department of Education, and The Department of Homeland Security have worked wonders for this country, what not another bloated bureaucracy? Obviously Jeffrey Immelt could be the “Secretary of Jobs” or whatever.
Obama’s Malaise – Consumer confidence drops to it’s lowest level since Jimmy Carter was President in May 1980
All we need now is for Obama to break out the cardigan sweater and go on TV to discuss economic malaise, then the transformation will be complete. According to The Hill, the Reuters index of consumer sentiment dropped to 54.9. That’s a drop of near 8.8 points from the month before when it was at 63.7. The last time it was this low was in May of 1980. Guess who was President then? Billy’s brother Jimmy Carter!
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Former Obama economic adviser and Berkeley professor Christina Romer – we’er pretty darn f*cked!
And it’s still a big joke to these Communists! Obama economic adviser Christina Romer was one of the main culprits of the Keynesian economic model Obama followed in his two and a half years of failure. Romer was one of the main designers of the failed porkulus bill, and made the claim that unemployment would never rise about 8% if the bill was passed. Now she’s cracking jokes on the Mahertard show about how “f*cked” we are thanks to Obama getting the country’s credit rating downgraded.
Thanks Obama! S&P lowers America’s credit rating from AAA to AA+ with negative outlook for the first time in history
Jimmy Carter is dancing in his peanut fields tonight. He is no longer considered the worst President in American history. Instead, Obama has officially become the worst President in history, presiding over the first credit downgrade in American history Progressives like Obama might be celebrating bringing America to it’s knees, but no one else is celebrating. S&P has cut America’s credit rating from AAA to AA+ with a negative outlook. Why? The fact that the massive debt has now hit 101% of GDP might be on reason? Another reason was the so called “compromise” that Obama forced raising the debt ceiling, in which many Republicans caved. Instead of doing something like Cap, Cap and Balance or a balanced budget amendment, we are stuck with the pitiful debt ceiling hike of $2.4 trillion that will do NOTHING to help control the debt.
As the stock market crashes, Obama holds a BBQ
Priorities! According to a Tweet by Mark Knoller of CBS who is the beat writer for Obama mentioned about how he can smell the hamburgers and hotdogs on the grill., Obama spent his afternoon at a White House BBQ for another birthday gathering.
My nose detects the bouquet of burgers and dogs on the grill here at the WH. Must be for the president’s birthday gathering. Good menu.
Happy Birthday Marxist Obama! Dow plunges 512 points, Nasdaq 106 points
How’s that recovery summer 2.0 thingy working out for you? Maybe retirement was overrated anyway. As Obama parties it up at $36,000 a person in Chicago, the stock market Dow Jones dived by more than 500 points today. In fact, the Dow Jones fell by an astounding 512 points today. The Nasdaq fell by 106 points (or 4.3%.) The S&P 500 crashed by 59 points or 4.7%. This is the biggest dive since 2008. Or maybe it’s another “fat finger crash.” Not very likely. Here’s how much Obama gives a sh*t:
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