posted February 07, 2012 09:59 AM            

I really don't understand how you seem to promote the participation rate being "back to Reagan times" is somehow a good thing.

It's not.

First off, if we're to be accurate, the participation rate is technically back to Pre-Reagan levels. That's right! That would be Carter times.

Second, the amount of people not considered to be in the labor force right now is roughly almost 88 million. Are you kidding me? That is a total increase of almost 8 million people since 2008. That kind of increase has historically taken at least an eight-year period.

Now, I admit that this Great Recession is the worst since the Great Depression but I don't think that minimizes the effects and results of the Savings and Loan Crisis. There, even by the loosest approximations, it only increased the number of people not considered in the labor force by less than 3 million. This recent adjustment has occurred thanks to a phenomenon that even the Congression Budget Office admits is extraordinary and baffling.

posted February 07, 2012 10:34 AM            

Yes, conspiracy theories are often inclined towards a strange silliness.

For the most part, they tend to hang on an earthly group or organization on which a slew of problems are blamed. It's an irresponsible interpretation, IMO.

Is it possible that a small amount of people can cause great harm? Of course. I believe that it was a small group of people that served to unleash the chaos that we have come to know as the Occupy Movement. I think it's unprofitable to base a whole view of systemic functioning on such a skewed idea, though. That's just my own intuition.

That which has made the Occupy chaos so successful, however, is not the quality of organization in the small group. Rather, it relies more on the timing and sensationalizing narrative that it has invoked. Such a reaction could not have its origins in any earthly organization alone. The narrative could not have arrived in a more timely fashion, either, by an entirely* human effort. There is an other-worldly sense to these worldly events for which conspiracy theories often have mere worldly excuses.

They just aren't coherent enough for me.

posted February 07, 2012 07:25 PM            

It's a good thing that the Participation rate isn't worse considering that this was a worse recession.

Here's Jwhop's chart from a couple pages back: http://www.bls.gov/cps/cpsaat1.pdf

2008 - Percent working 62.2%
2009 - 59.3%
2010 - 58.5%
Currently - 58.5%

Versus

1982 (when the situation was at its worst) - 57.8%
1983 - 57.9%

With regards to the number of unemployed being 88 million I think we have to look at it in context. That context is provided by looking at those participation rates as well as the employment-to-population ratios. Are the ratios worse? No. They're comparable.

posted February 08, 2012 09:47 AM            

President Obama last week brandished new jobs numbers as proof that his policies were having an effect on the unemployment rate, which the report said declined to 8.3 percent in January.

The president is right about one thing: his big government agenda and class warfare tactics are having an effect--but it's not the one he claims. In truth, last month's drop in the unemployment statistic was due largely to the evaporation of 1.2 million people from the labor force number. When people become so discouraged they stop actively looking for work, they are no longer counted as unemployed and the rate goes down even though Americans are hardly better off than they were before.

The rate went down in January because (apparently) 1.2 million people decided in a single month not to pursue work. This is the number, in effect, that President Obama is touting.

The January report caps an extraordinary decline in the participation rate that the Bureau of Labor Statistics (BLS) has been reporting under the Obama administration. Since January 2009, the BLS says more than five million people have dropped out of the labor force--the greatest decline in American history and the lowest participation rate in more than three decades. Only about 6 in 10 adult American civilians are counted as part of the labor force.

A few more good jobs reports like this and we’ll have a 3 percent unemployment rate with nobody working.

The president assures us, however, the lower unemployment rate is actually evidence that his policies are successful. Asked Monday about the fact that unemployment had dropped in part because so many Americans left the labor force, unable to find jobs, White House Press Secretary Jay Carney said the decline in the participation rate could be an “economic positive” because some of it is “due to younger people getting more education.” Carney also tried to blame the massive exodus on Americans getting older—which they must have done at record levels in January to account for 1.2 million people retiring at once.

Those are pretty glib and grasping explanations for the single largest exit from the labor force on record—especially since it’s more than 4 times the number who left the previous month.

In reality, almost half a million fewer Americans are employed today than when President Obama took office. The real unemployment rate, counting those who are unemployed, underemployed, or have looked for work in the past 12 months but since given up, is closer to 15 percent. More Americans are relying on food stamps than ever before. Teenage unemployment during the Obama administration is the highest since records began in 1948, with almost one in four teenagers who wants to work today unable to find a job. 8.2 million Americans have only part-time employment either because they can’t find full-time work or because their hours have been cut back.

The president’s unrelenting assault on job creators has made a bad economy much worse. In the middle of the worst economic conditions since the Great Depression, he rammed through ObamaCare, spent almost a trillion dollars of “stimulus” indiscriminately, virtually took over the American auto industry, attempted to raise taxes on producers with carbon trading legislation, banned development of offshore oil and gas resources, passed the Dodd-Frank Act which crippled community banks, juiced up the regulatory powers of the Environmental Protection Agency, Food and Drug Administration and other bureaucracies—and lately, has taken to demonizing job creators with class warfare rhetoric while offering policy platitudes that do nothing to solve our problems.

These are the things the president is trying to tell us are responsible for last month’s drop in the unemployment rate? Having driven 5 million people out of the labor force, maybe on second thought he’s right.

posted February 10, 2012 01:39 PM            

x HP CEO Carley Fiorina, and another talking head from my mothers state of Wyoming (who's name I cannot remember) going on and on about how much worse the job situation is since Obama took office, ridiculous.

He said "we have had over 8% unemployment for 36+ months, Obama has made the country worse and raised unemployment levels to a 30 year high." The crowd cheered him.

Never mind the facts. The facts that we were loosing 750,000 jobs a month before Obama raised his right hand on the Capitol steps. We were hemorrhaging jobs!
There has been steady, albeit slow improvement ever since.

I would have loved for someone in the crowd to stand up and ask Carly about the hundreds of thousands of American jobs that were outsourced by Hewlett Packard during her years as CEO.

posted February 17, 2012 11:33 AM            

CBO: Longest Period of High Unemployment Since Great Depression
CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker
February 16, 2012

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.
http://www.usnews.com/news/articles/2012/02/16/cbo-longest-period -of-high-unemployment-since-great-depression

posted February 17, 2012 05:13 PM            

Look at page 8: http://www.stanford.edu/~pista/cons_recess_August_2011.pdf

Further, your memory should record this:

Reagan came into office in January 1981, and within 108 days passed a budget that contained his famous supply-side tax cuts. Of course, a budget passed in 1981 would be enacted in 1982, so business owners had plenty of advance notice of their impending good fortune. It is true the tax cuts were supposed to be phased in over three years, 10 percent a year. But David Stockman had produced computer simulations "proving" that the tax cuts would result in 5 percent growth in 1982 alone. Optimism was so high that today Stockman derisively refers to the 5-percent growth calculation as the "Rosy Scenario." http://www.huppi.com/kangaroo/L-recession1982.htm

A "Rosy Scenario"? You don't say. Kind of like what Obama referenced in promoting the stimulus...a similarly "Rosy Scenario" that didn't work out as projected.

posted February 17, 2012 11:46 PM            

Unemployment was above 10%, interest rates approached 18% and inflation was running about 12%.

posted February 21, 2012 01:18 PM            

Americans are having their lives, homes and marriages shredded by O'Bomber's Marxist economic policies. Further those who are hurt worse are those who were living on the edge of a financial abyss in the first place and just barely making it BO.."Before O'Bomber".

Neither is there any enjoyment in having been right about candidate O'Bomber and what he would do as President O'Bomber. He's done exactly what was predicted and what every Marxist Socialist does when they get control over a nation's economy. They destroy it in short order and load up the nation's citizens with a debt burden they will never live long enough to pay off. Our children and grandchildren will be left to pay off the excesses of O'Bomber's out of control spending...aided by both democrats and republicans.

Right now, we owe the equivalent of a whole year of the productive output of the entire nation of the United States.

That means that if every American went to work..if there were actual jobs...and worked an entire year for free AND every business in American operated and turned over to the feds not only their profits but the total gross receipts of their businesses and the salaries of their employees, it would barely pay back the national debt.

I admit to being partisan. But, not nearly as partisan as most of you think.

There is a way out of this debt debacle. But, the way out doesn't include doing what O'Bomber or Bush or Clinton or Bush I or Carter and congress...including both political parties have been doing for many years.

When you hear that federal spending reductions/cuts are being discussed, you're not hearing what you think you're hearing.

What they're actually talking about is reducing the rate of INCREASE in federal spending. They're not talking about a spending budget that's smaller next year than the current spending budget. The federal spending budget is going to be BIGGER than the current year's budget AND about 40 cents of every dollar spent is going to be borrowed money...running up the National Debt even higher.

I said there's a way out of this debt mess. Actually, there's several ways out but none of them involve spending more money next year than was spent this year.

Ron Paul has been a voice laboring in the wilderness of federal spending for more than 30 years. He's voted against virtually every federal budget every year...because each budget increased federal spending and budget deficits. That didn't make Ron Paul a popular fellow with either political party.

Ron Paul's spending plan would take this year's actual spending budget and cut a trillion dollars of spending..not a trillion out of any increase, but a trillion out of what was actually spent this year. That federal budget would be a trillion dollars smaller than the current year's budget.

Next year, Ron Paul would cut another trillion out of the spending budget that was cut by a trillion dollars the previous year...and so on until the federal budget was balanced by real reductions in spending and the National Debt was being reduced and not going higher.

Another way out is to adopt the federal spending budget for..say 2007 and then start making real spending cuts from that budget..not cuts in projected increases in spending but actual cuts from the baseline spending of 2007...or 2006..or 2005.

There are people in congress, most of them...both republicans and democrats who have voted every year for increased federal spending...which means budget deficits and borrowing money to make up the difference between actual revenues to the government and actual spending. I and others call these people...the "political class".

Their main arguments seem to be over WHO/which political party is going to be in control of spending taxpayer money on their own pet government projects.

Those who have been voting to spend additional money we don't have...and haven't had for years...need to be sent home next November and I don't give a rat's ass whether they're democrats or republicans.

There are some in Congress who resisted having their arms twisted up behind their backs to get them to vote for bloated federal budgets which increased spending, deficits and debt. They voted NO and if there had been a voting button with the right designation, their vote would have been HELL NO! They didn't score any popularity points with their leadership team!

Those congressional members need to be reelected and more just like them sent to congress to straighten out this mess...while it still can be fixed.

Only utter fools believe you can spend your way out of debt.

posted February 21, 2012 01:42 PM              

the man you would have elected hoping his VP would take over the reins somehow, would have had us stepping up military expense in iraq and afghanistan, and we would probably be operating in iran by now too. that would have REALLY helped the economy, right?

your preconceptions, and those of many like you, jwhop, who pulled in their heads like turtles when obama was elected,, are just as much to blame for the slow recovery as he is. a self-fulfilling prophecy if i ever saw one.

the fact is that "america elected obama" despite your insistence that "americans" don't want him. how does that compute?

and your "people who matter" are just one part of the population. things have a way of working out.

we are in a watershed of history where the paradigm has changed and many of the old jobs ARE NOT COMING BACK. spending money to get the workforce up to modern speeds would be a great investment, but so many scaredy cats - those who defend murdoch doing the same sort of thing - are screeching and wringing their hands that forward momentum has been blocked.

we need the money out of politics and the lobbyists out of congress and federal depts. obama has actually been weeding out bureaucratic expense for the last 3 years, but he is stymied by first a filibuster-deranged senate and now a stonewalling congress. not that obama is perfect, some of those problems are on his shoulders too, but anyone who thinks you can walk into a company and change EVERYTHING without a mutiny has never tried it or seen it tried. a good manager changes as little as possible at first, and the rest gradually...

posted February 23, 2012 12:07 AM            

February 17, 2012
U.S. Unemployment Increases in Mid-February
Underemployment also up, to 19.0%
by Dennis Jacobe, Chief Economist

PRINCETON, NJ -- The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February, up from 8.6% for January. The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January.

Gallup's mid-month unemployment reading, based on the 30 days ending Feb. 15, serves as a preliminary estimate of the U.S. government report, and suggests the Bureau of Labor Statistics will likely report on the first Friday of March that its seasonally adjusted unemployment rate increased in February. Gallup found that unemployment decreased to 8.3% in its mid-January report, and suggested that the U.S. unemployment rate the BLS reported for January would decline.

Gallup also finds 10.0% of U.S. employees in mid-February are working part time but want full-time work, essentially the same as in January. The mid-February reading means the percentage of Americans who can only find part-time work remains close to its high since Gallup began measuring employment status in January 2010.

Underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 19.0% in mid-February. This is higher than the 18.7% recorded for January, and is up significantly compared with January's mid-month reading of 18.1%.

posted March 08, 2012 11:15 PM            

Not too warm for a Labor Dept. snow job
Last Updated: 11:38 PM, March 7, 2012
March 7, 2012
John Crudele

When Americans were asked recently about the most basic economic issue — if they were having trouble putting food on the table — 18.6 percent said yes, they were.

That was the highest percentage since the financial crisis began four years ago.

I’m mentioning that survey because tomorrow is when the Labor Department reports how many jobs the economy supposedly created in February. Statistics, especially when only taken at their face value, tend to hide what’s really going on.

Let’s go through the numbers first so you will not be bamboozled by Labor’s jobs report — or Wall Street’s reaction to it.

The experts think Labor will report that the economy created 206,000 new jobs in February.

That guess might have even climbed a bit since yesterday, when the ADP National Employment Report, which monitors payroll taxes to determine who just got a private-sector job, said companies created 216,000 jobs last month. That was slightly higher than the experts were predicting.

The difference between ADP and Labor’s report is that ADP doesn’t count government jobs.

Labor’s figures — as I’ve been telling you for years — don’t give a very good depiction of what is going on in the economy at a particular moment in time. The department wouldn’t argue with that statement.

That’s why Labor adjusts and adjusts and adjusts its statistics. Only after those tweaks do you get a very clear idea of what the economy was doing two years ago.

Government statisticians would contend that it isn’t their fault that Wall Street has the urge to trade billions of dollars of stock and bonds before the employment numbers are completely polished.

How do I know they’d say that? Because government economists in Washington have said this to me many times.

Take, just as a single example, Labor’s report in early February. It showed that 243,000 new jobs were created in January.

The only problem was that the number wasn’t true. The pure, undoctored, not seasonally adjusted figure showed there was really a LOSS of 2.689 million jobs.

There is always a loss of jobs after the Christmas season. And any professional in the financial industry who doesn’t know that needs to get into another line of work.

As I’ve reported before, the 2.689 million job LOSS turned into a gain of 243,000 only because Labor’s seasonal adjustment programs expected the job losses to be bigger. The warm winter weather probably kept some people from being put out of work, and this threw off Washington’s calculations.

Will that same thing happen with tomorrow’s number?

That isn’t likely.

Yes, the weather has remained warm. But Labor’s computers are expecting undoctored, not seasonally adjusted growth of more than 800,000 jobs in February.

So there’s less chance that the seasonal adjustments will be pleasantly surprising.

And February isn’t one of those months in which Washington includes a huge guesstimate for jobs added by companies it thinks, but can’t prove, were just started.

This so-called Birth/Death Model has been the biggest contributor to job growth — bogus job growth — over the past few years.

Stock prices fell sharply on Tuesday for a variety of reasons, but the most important was concern over the US economy.

After the January employment report, commentators started spewing nonsense that despite a high 8.3 percent unemployment rate and sharply rising gasoline prices, voters were suddenly OK with the economy.

Well, that is turning out to be very wrong.

And if you don’t believe people are still very concerned about money issues, just visit a soup kitchen here in New York City.

One recent morning I rode along with City Harvest, a charitable groug you should get to know, as it “rescued” food from some of Manhattan’s finest restaurants.

Some 564 restaurants — including some of the best in town — as well as top-notch supermarkets contribute food that is turned into meals for the needy.

And City Harvest is reporting the same results as the survey — people are having trouble feeding themselves. In its most recent survey last November, City Harvest said there was a 25 percent increase in demand for food since the recession began. And the situation isn’t getting better.

***

It only took one big drop in stock prices before Wall Street and Washington started urging the Federal Reserve to come to its aid.

Even though one Fed official last week told investors to stop depending on “morphine” from the central bank, the cry for another version of quantitative easing went out less than 24 hours after the Dow Jones industrial average fell 203 points on Tuesday.

Why not give Wall Street what it wants?

posted March 22, 2012 12:00 PM            

Reuters – 51 minutes ago

..By Lucia Mutikani

WASHINGTON (Reuters) - The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering further evidence the jobs market recovery was gaining traction.

Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 348,000, the lowest level since February 2008, the Labor Department said on Thursday. Economists polled by Reuters had forecast claims rising to 354,000 last week.

A separate report showed a gauge of future U.S. economic activity rose solidly in February, pointing to strengthening growth even as China slows. Some euro zone economies are already in recession.

"The economy is entering a phase where more of the gains from growth accrue to labor rather than capital and we believe that stronger job creation will be sustained throughout 2012," said John Ryding, chief economist at RDQ Economics in New York.

The four-week moving average for new claims, considered a better measure of labor market trends, declined 1,250 to 355,000. The data covered the survey week for March nonfarm payrolls. Initial claims dropped 5,000 between the February and March survey periods, suggesting another month of solid job gains.

Employers added 227,000 jobs to their payrolls in February, taking the tally for the past three months to 734,000. The unemployment rate currently is at 8.3 percent, having dropped 0.8 percentage point since August.

The Federal Reserve has said it expects the jobless rate to "gradually" decline.

The data had little impact on U.S. financial markets as investors worried about the global economy after reports showed Chinese manufacturing slumped for a fifth month in March. Factory activity in France and Germany declined sharply this month, suggesting the euro zone was probably back in recession.

SIGNIFICANT HEADWINDS

While U.S. economic data remains relatively upbeat, analysts worry slowing global growth could hamper the domestic economy and dampen employment creation.

"With much of Europe already slipping into recession, the U.S. economy will be pushing against significant external headwinds to accelerate in the quarters ahead," said Jim Baird, chief investment Strategist at Plante Moran Financial Advisors in Kalamazoo, Michigan.

Firming labor market conditions helped to lift the Conference Board's Leading Economic Index 0.7 percent last month.

In the claims report, the number of people still receiving benefits under regular state programs after an initial week of aid fell to its lowest level since August 2008, in the week ended March 10.

Despite the improving labor market picture, long-term unemployment remains a major problem and about 43 percent of the 12.8 million out of work Americans in February had been jobless for more than six months.

A total of 7.28 million people were claiming unemployment benefits under all programs, during the week ended March 3, the latest week for which data is available, down 142,499 from the prior week.

posted March 24, 2012 07:49 PM              

The economic stimulus gets little love from the public—a new Pew Research Center poll finds 41 percent disapprove of the Obama attempt to jolt the economy.

Here’s news for all you doubters: The jolt created millions of jobs.

The Congressional Budget Office reports that the much-maligned stimulus placed up to 2 million people in jobs in December. It also prevented full-time workers from having their hours reduced and enabled more workers to log overtime. Not bad for a program that peaked in 2010, when up to 3.6 million people owed their jobs to the stimulus. In fact, the latest tally of jobs gained reflects the point at which 90 percent of the stimulus funds were already spent, according to the CBO. And the projection going forward in the current first quarter of 2012 is that 1.5 million more people will be employed because of the stimulus.

Count us among those who believe the stimulus should have been bigger, emphasizing spending instead of tax cuts. This modest success could have been scaled up. But the fact remains it worked as intended, and got many Americans through the rough hump of the recession. So why the lack of love? Republicans have successfully demagogued the stimulus, as part of their mission to deny Obama a second term.

posted April 03, 2012 10:07 AM            

Unemployment is not 8.3 percent -- it’s 15.1 percent
Donald Lambro
04/02/2012

One unassailable fact continues to give Barack Obama and his top campaign strategists political nightmares. No president has won re- election since the Great Depression when the unemployment rate was more than 8 percent.

Despite all of the data-twisting hoopla from the White House and their compliant allies in the news media, the Bureau of Labor Statistics' unemployment rate remains at 8.3 percent, which is nothing to write home about.

But, dig a little deeper among the unemployed, and you will find that the real-honest-to-God national jobless rate is much higher than that because it includes numbers BLS leaves out of its employment equation.

More ominous for Obama and his bid to be a two-term president is that most economic forecasters do not see the jobless rate falling below 8 percent by November.

The economy appears to be slowing down and with it, new job creation, economists say.

"Going forward, unemployment is not likely to fall much further and could rise again," says University of Maryland's Business School economist Peter Morici, who has been severely critical of the president's sorry jobs record.

"Fourth-quarter growth was stronger as the global economy recovered from first-half disruptions such as the earthquake in Japan, but going forward, economists expect growth to slow to about 2 percent," Morici said.

The unemployment elephant in the labor statistics room has been discouraged workers who have given up looking for a job and dropped out of the workforce and those who are forced to take temp jobs or are working fewer hours.

It didn't make the nightly newscasts or most newspaper reports, but BLS reported in January that "working age adults not participating in the labor force--those neither employed nor looking for work -- increased by 88,000."

This highlights the big under-reported story in Obama's persistently lackluster jobs record: the rapidly declining labor force participation rate.

"In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7 percent, the most rapid decline in U.S. history," writes economist Peter Ferrara.

"That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair," Ferrara adds.

The nightly network news ballyhooed the 243,000 new jobs that were created in January, but what they did not report was that 1.2 million discouraged workers had simply dropped out of the workforce, Ferrara reported.

But they were not counted among the unemployed because they had ceased looking for a job and that sent the unemployment rate down.

Pretty clever, huh?

"They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century," says Ferrara. "But they are not counted in that 8.3 percent unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week."

Add these discouraged dropouts and Obama's shameful unemployment rate climbs to 11 percent.

But there are more shenanigans in the BLS's statistical gymnastics. Another 2.8 million, BLS said, "wanted and were available for work, and had looked for a job sometime in the prior 12 months,"

but they weren't counted as unemployed because they said they had not looked for a job in the previous four weeks.

All of these workers, discouraged drop-outs and the so-called "underemployed" forced to work part-time or temp jobs, pushes the real jobless unemployment rate to 15.1 percent.

As for BLS's average 8.3 percent unemployment rate, it is worth noting that millions of Americans do not live in the average column. Sixteen states, including the most the populated, had jobless rates that fell between 12.3 percent and 8 percent in February.

Among them: Nevada, 12.3 percent; Rhode Island, 11 percent; California, 10.9 percent; North Carolina, 9.9 percent; Florida, 9.4 percent; Georgia and Illinois, 9.1 percent; New Jersey, 9 percent; Michigan, 8.8 percent; Kentucky, 8.7 percent; and New York, 8.5 percent.

Obama insists we're moving in the right direction, even though unemployment rates remain very high by historical standards.

Economists say the unemployment figures are still dreadful.

"The unemployment rate today, 10 quarters after the end of the recession, is still a full two percentage points higher than it was during the peak of the last recession in 2003," Heritage Foundation economist J.D. Foster told Human Events.

In the fourth year of Ronald Reagan's presidency, after a deep recession, unemployment was 7.5 percent. It was a tame 5.8 percent in 2008, the last year of George W. Bush's presidency. Can Obama do any better? So far he hasn't.

Even Obama's supporters in the news media think he has failed miserably on the economic front, especially on jobs.

posted April 03, 2012 01:53 PM              

it is in the interest of those who hate obama to see the worst side of the picture. carry on if it makes you happy.

the jobs picture, once more, is largely to do with the shifting dynamic in business at large globally, both upcoming societies and the shift to a different KIND of work.

posted April 03, 2012 11:49 PM            

The numbers O'Bomber and his clown supporters in the news media love to quote are made up out of thin air.

O'Bomber has not "created" even one net job since he began infesting the White House. America is down millions of jobs on his watch.