June Unemployment Numbers

[Geor!]

Went up to 9.2%.

How can Obama really sit back and argue that his plan is working, when he hasn't seen any lower than 8.9%, and it has gone up ever since he saw that number early in the year? I realize a lot can change over the next 1.25 years, but if it keeps going up slowly by surely, does this jackhole really have any chance of being reelected?

[Vertnut]

Hope and Change! LMMFAO...I'm sick and tired of his bullshit, and them pissing on my head and calling it rain. There are some really stupid people (some on this board) that support him and his leftist agenda. Socialism works pretty well until you run out of someone elses' money. I thought Jimmy Carter was a clown, but this guy makes him look like Ronald Reagan.

[ceyko]

Sad part isn't his approval rating pretty good? I know a few people, damn good people and they like him. I refuse to talk any politics with those people, stick with guns (yeah, they are pro gun people...etc...etc) and other discussions.

[Vertnut]

Sad part isn't his approval rating pretty good? I know a few people, damn good people and they like him. I refuse to talk any politics with those people, stick with guns (yeah, they are pro gun people...etc...etc) and other discussions.

His numbers aren't horrible, but they are skewed once you look at the demographics used in those polls. He controls the media and they are quite good at making him look better than he really is. Ratings and "polls" should be taken with a grain of salt. The elder Bush had a 90% approval rating 16 months before losing to Bill Clinton.

[GhostTX]

His numbers aren't horrible, but they are skewed once you look at the demographics used in those polls. He controls the media and they are quite good at making him look better than he really is. Ratings and "polls" should be taken with a grain of salt. The elder Bush had a 90% approval rating 16 months before losing to Bill Clinton.

http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

http://www.rasmussenreports.com/public_content/politics/obama_administration/obama_approval_index_history

[Broncojohnny]

I loved the number because it was breathtaking. Someone on CNBC actually gasped when it was read it was so horrific. They had five people on air and went around and asked for each of them to give an estimate of what the number would be. Rick Santelli said 54K, he's the eternal pessimist so that makes sense. They had some liberal ass-kisser on there that said 160K was his estimate. lol

At this rate we won't have another Democrat president for 20 years. In fact, at this rate, his own party won't let him run in 2012 and most likely they will offer up Hillary.

This also makes a QE3 from the Fed more likely, which means another round of inflation. I think if we have two more months of numbers like this or a month of job loss, that QE3 will be given a green light.

[mustangguy289]

What is QE3?

[STANGGT40]

I loved the number because it was breathtaking. Someone on CNBC actually gasped when it was read it was so horrific. They had five people on air and went around and asked for each of them to give an estimate of what the number would be. Rick Santelli said 54K, he's the eternal pessimist so that makes sense. They had some liberal ass-kisser on there that said 160K was his estimate. lol

At this rate we won't have another Democrat president for 20 years. In fact, at this rate, his own party won't let him run in 2012 and most likely they will offer up Hillary.

This also makes a QE3 from the Fed more likely, which means another round of inflation. I think if we have two more months of numbers like this or a month of job loss, that QE3 will be given a green light.

i was thinking the same thing, about qe3...that well help keep the dollar down and give us a nice dose of inflation...we need that. i guess the mortgage rates will stay low, though...

[Vertnut]

I loved the number because it was breathtaking. Someone on CNBC actually gasped when it was read it was so horrific. They had five people on air and went around and asked for each of them to give an estimate of what the number would be. Rick Santelli said 54K, he's the eternal pessimist so that makes sense. They had some liberal ass-kisser on there that said 160K was his estimate. lol

At this rate we won't have another Democrat president for 20 years. In fact, at this rate, his own party won't let him run in 2012 and most likely they will offer up Hillary.

This also makes a QE3 from the Fed more likely, which means another round of inflation. I think if we have two more months of numbers like this or a month of job loss, that QE3 will be given a green light.

From your lips to Gods' ears. It took 12 years after Carter to have another dem POTUS.
It's funny when the press/pundits "estimate" on things like the economy and trials, and are dismal failures when the results come out.

[STANGGT40]

What is QE3?

qe = quantitive easing ...do a google search, and you'll find a ton of information on it.

[Cannonball996]

I am interested to see what he has to say about this, I am sure he is going to use the excuse that the jobs number is the result of laying off government workers due to spending cuts. His mistake was that he tried to buy jobs by giving companies cash, and while they used some of that cash to hire people (overseas) and business did improve, the need to add jobs still is not there. there will be a lot more government (fed, state, and local) layoffs in the next few months as well so the number is not going to get any better.

[Vertnut]

I am interested to see what he has to say about this, I am sure he is going to use the excuse that the jobs number is the result of laying off government workers due to spending cuts. His mistake was that he tried to buy jobs by giving companies cash, and while they used some of that cash to hire people (overseas) and business did improve, the need to add jobs still is not there. there will be a lot more government (fed, state, and local) layoffs in the next few months as well so the number is not going to get any better.

His $660 billion "stimulus" comes out to $275k per job "saved or created". What a joke. He has run out of excuses.

[forbes]

i think it is exactly what he wanted.... increase the number of people who depend on government for income and they will defiantly vote him back in. why would they want to give up free money? socialism is taken over

[Cannonball996]

that was the problem, the private sector asked for money, and obama blindly gave it to them in anticipation that they would use that money to create jobs. However with out any stipulation or regulation of that cash, the companies that got the money did not have to use that money to create jobs in the US.

[Broncojohnny]

I read a brilliant quotation this morning "We don't need more taxes, we need more taxpayers".

Fact is, these idiots in the White House, in a quest to form a country that fits their leftist ideals, have created an environment of uncertainty for business in this country.

A business in this country:
- Pays some of the highest effective tax rates in the world, even Clinton knows it
- Doesn't know how much health benefits will cost next year
- Doesn't know what aspect of their operations will be regulated next
- Can't get a loan from a bank without sparkling credit
- Doesn't know what the interest rate environment will be like next year

All of this uncertainty came right out of the White House. Every bit of it.