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Negative Job Growth (UPDATES)

By Larry Johnson on July 8, 2012 at 8:00 PM in Current Affairs

* Bumped Up *

After almost four years of Obama policies, the number of Americans unemployed or not in the labor force has ballooned to 4,817,000. That is the horrific increase and the statistics do not tell the story of mothers and fathers depressed because they cannot find work and feed their families. These are not mere numbers. Oh, and the ones hardest hit? African Americans and Latinos.

It is one thing to endure the inane verbal gymnastics and contortions of Obama cheerleaders who insist Obama’s economic policies are working, but it is outrageous that the mainstream media continues to probe the feces looking for flecks of gold. Shit is shit folks, and the latest numbers on unemployment are truly shitty.

We can all agree that our population continues to grow. We have not lost millions to war or pestilence. Okay? And BLS data bear this out–Civilian non-institutional population grew from last June, where the number stood at 239,489,000, to 243,155,000 in June of 2012, which means 3,666,000 new folks in that group.

How about the number employed? In June 2011 there were 139,385,00. That number increased to 142,415,000 for June 2012, which sounds dandy until you put it into perspective with what was going on in 2009 (more about that in a bit). The number of people unemployed in June 2012 stands at 12,749,000.

The really bad news is that the number of people NOT in the labor force continues to grow. There were 86,080,000 in June 2011. Today? It has jumped to 87,992,000. That’s an increase of 1,912,000. Obama apologists like LOLA828 insist that this is just old people retiring. That is complete nonsense. Population continues to grow in the United States. As population grows the number of folks who are eligible to work continues to grow.

So let’s go back and look at where things stood at the end of the first year of Barack Obama’s Presidency.

Here is Obama’s baseline.

2009– 235,801,000 Civilian non-institutional population
139,877,000 Employed
14,265,000 Unemployed
81,659,000 Not in the Labor Force

How many more people are there in the potential labor force? America has added 7,354,000 souls in the last 3 and one-half years.

How many more people are employed? Only 2,538,000.

Now look at the change in the combined number of Unemployed and “Not in the Labor Force.” In 2009 that number was 95,924,000. Today? 100,741,000.

The number no longer in the labor force is truly shocking. We have seen a surge of SIX MILLION THREE HUNDRED THIRTY THREE THOUSAND (6,333,000) men and women who are no longer in the labor force. That is the only way Obama can pretend that unemployment is holding steady.

Here is the critical number for measuring where we stand. I will put this in caps–THERE ARE FOUR MILLION EIGHT HUNDRED SEVENTEEN THOUSAND (4,817,000) AMERICANS WHO ARE UNEMPLOYED OR NOT IN THE LABOR FORCE AFTER THREE PLUS YEARS OF OBAMA POLICIES.

Let’s summarize:
Civilian non-institutional population

2009– 235,801,000
2012–243,155,000
Net increase of 7,354,000

Employed:

2009–139,877,000 2012–142,415,000
Net increase of 2,538,000

Unemployed

2009–14,265,000 2012–12,749,000
Net decrease of 1,516,000

Not in the Labor Force

2009–81,659,000
2012–87,992,000
Net increase of 6,333,000

When job growth does not keep pace with population growth, the only way you can hold the unemployment level steady is by shoving folks into the “NOT IN THE LABOR FORCE” category.

Let Obama run on that. His plan is to push Americans out of the job market. If you are comfortable with that kind of economy then Obama is your boy.

UPDATE–Watch the announcement live:

UPDATE II–Hey, for the fun of it, let’s compare the first three and one-half years of Bush with Obama’s.

Year Civ Pop Employed Unemployed Not in Labor
2001 215,092 136,933 6,801 71,359
2002 217,570 144,863 8,378 72,707
2003 221,168 146,510 8,774 74,658

2004 223,357 147,401 8,149 75,956
2008 233,788 154,287 8,924 79,501

Bush’s record compared to Obama’s for the first 3 and one-half years:

Net Population Increase of 8,265,000 under Bush compared to Net increase of 7,354,000 under Obama.

Net Employed Increase of 10,468,000 under Bush compared to only 2,538,000 under Obama.

Net Unemployed Increase of 1,348,000 under Bush while the number of Unemployed fell by 1,516,000. However, total unemployed under Bush was only 8,924,000 while the total under Obama is 12,749,000.

Net Not in Labor Force Increase by 4,597,000 under Bush while the figure under Obama’s stewardship soared to 6,333,000.

Under Obama the number of people not participating in the labor force is now 36%. During the Bush Presidency the number stood at 34% when he left office.

Here is the stunning percentage. Compare the population employed as a percentage of the civilian non-institutional population under Bush with that of Obama’s. When Bush left office in 2008 65% of the population was employed. Under Obama the number has plunged to 58.5% as of June 2012.

  • KenoshaMarge

    I’m afraid that brain-dead partisan obamacrats and the obamamedia won’t care about the truth. In fact they refuse to see or acknowledge it.

    When it is pointed out to them, using facts and numbers as you did above, the usual drivel is that “Republicans want America to fail” so they can defeat Obama. It’s impossible to expect reality to have any effect on people with their heads that far up their asses.

    Is there any hope that enough people will see the light and vote this amateur out of office? I wish I thought so.

    • getfitnow

      Change!!! We are the ones we’ve
      been

      waiting for!!! Rise of the oceans will slow and the planet will begin to
      heal!!! Forward!!!!

      **********************
      I have to think there’s more of us and less of them this go-round.

      • KenoshaMarge

        I hope you’re right. Perhaps what we saw in Wisconsin will happen all across the country. Wouldn’t that be wonderful?

  • HARP2

    More workers joined the federal government’s disability program in June
    than got new jobs, according to two new government reports, a clear
    indicator of how bleak the nation’s jobs picture is after three full
    years of economic recovery.

    http://news.investors.com/article/617233/201207060945/disability-climbs-faster-than-jobs-under-obama.htm

    • Earl Stick

      My wife is one of them. She just turned 60, has degenerative issues with her lower back and as a result is in a weight-gain spiral from lack of exercise, which makes her back worse, and round and round it goes. When she lost her permanent job, and the temp companies had nothing for her because she isn’t a cute young thing anymore, I told her to look into Disability. Took her several months to get it nailed down, but her doctors were no obstacle. They were more than happy to help. They knew she couldn’t handle anything physical, and they also knew that her prospects for employment were near nil. I have to say that this is one area where the compassion of doctors was a blessing in helping her get this entitlement benefit.

      • TeakWoodKite

        While I wish your wife well, does it not suck the self-worth right out her on that score?

        • Earl Stick

          Her self-worth went out the window, I’m sad to report, when she realized she would never be able to work again and was unable to help me with household finances. Her small disability check actually restores some of her self-worth because she can at least pay some share of the bills. Self-worth is pretty hard to come by when you can’t get work and can barely do anything useful around the house anymore, period.

          • TeakWoodKite

            May a kind wind low in her direction and may she know that self worth is to be found in many ways. I see the depravation that is growing and it is very difficult to see the muggle struggle.

      • BronwynsHarbor

        Good for your wife. Doubtless she worked most of her adult life, and therefore deserves it if she qualifies.

        Warning: Do not listen to O’Reilly on disability. He is an arrogant ignoramus. Last night he berated every person who gets disability — they’re all slackers, etc.

        Hope your wife gets health care and physical therapy. Recommendation: Buy a recumbent bicycle — it is a stationary bike specially made for people with degenerative disk disease, and it is SO comfortable. It’s almost like lying down while riding a bike. And it’s great exercise.

        • Earl Stick

          Thank you, bronwyn and harp, for your compassion.

          • getfitnow

            Regarding the bike,if you get one, make sure the seat is adjusted properly so her legs get a full extension without hyper-extending (locking) the knees. She should take her time adding resistance, may want to invest in a heart rate monitor and ensure that she maintains proper posture (erect against the seat back) while using the bike.
            Good luck.

      • HARP2

        Good for her.
        If we could weed out the free loaders the people like your wife wouldn`t have to wait so long.

        • getfitnow

          Yep, the freeloaders make it harder on those that really need the help.

      • arabella_trefoil

        God bless you and God bless your wife. I identify with her. There are many people over age 55 who will never work again. And the number grows every day. The problem is that these people are invisible to the young, to the media, and to the well to do.
        By sharing your story you make us aware that there is a real person behind every number. Who can appreciate the anxiety and suffering of each “not in the work force” person?
        Thank goodness your wife has compassionate doctors. And a great husband. (Plus, I must say that your wife seems like a pretty smart, resourceful person! What a waste that society is deprived of her talents.)
        For every person gaming the system, there is a person who needs the safety net and is unable to use it.
        I will keep you and my wife in my prayers.

      • http://twitter.com/jbjdjbjd jbjd

        My son is both black and disabled (autism and…) And, until recently, a teen. He graduated high school but has no college. (He hasn’t ruled that out.) Yet, defying the odds; he has always been able to find a job. Why? Well, in large part precisely because he is quite good looking, with an absolutely gorgeous (and disarming) smile. Seriously. (Interestingly; he does not disclose his disability until after he is employed and feels comfortable to do so. He has found that even not knowing in advance he has communication challenges; when he doesn’t ‘learn’ things in a traditional way; employers seem to naturally find other ways to transmit their needs.)

      • FLDemFem

        Earl, I had a friend with a similar problem with her spine. She found that swimming was good exercise that didn’t put any stress on her back. Perhaps your wife could try that. Hope she feels well soon.

  • HELENK2

    now wait a minute maybe there were only 80, 000 jobs created in June but there were 85,000 new disability claims. see something is going up under backtrack.

    http://news.investors.com/article/617233/201207060945/disability-climbs-faster-than-jobs-under-obama.htm

    • HARP2

      You win the “spin to win” trophy for this month.

  • Malcolm_Reynolds

    Obama will blame it all on the Bush, Clinton, and Reagan administrations and, not to mention, Romney’s Swiss bank account. He’s good at that.

    • getfitnow

      Bush 5% unemployment = OMG jobless recovery worst numbers evah!

      Obama 8.2% unemployment = crickets..

  • HARP2

    The collapse of Countrywide Mortgage ranks as a pivotal point in
    the nationwide housing collapse that swiftly turned into an all out and
    still ongoing recession for the United States.
    A recent investigation into that collapse points directly to Democrats,
    including figures with direct ties to the Obama administration, deeply
    involved.

    http://theulstermanreport.com/2012/07/05/countrywide-scandal-resurfaces-obama-advisers-involved-wsi-related/

    • getfitnow

      Chris Dodd could not be reached for comment.

  • HELENK2
  • jrterrier

    “This is a time for America to choose whether they want more of the same; whether unemployment above 8 percent month after month after month is satisfactory or not. It doesn’t have to be this way. America can do better and this kick in the gut has got to end,” Romney concluded.
    http://youtu.be/-Xk-b14nEZc

  • Retired_from_SPOnaj

    No longer in the labor force, so they are no longer human beings that we have to deal with. Yep, that’s the type of change we were hoping for when Obama was elected.

    • getfitnow

      At least we have free health care. snarc/

  • Popsmoke

    Yeah lets cut more social programs and increase defense and security budgets. You know those so-called “freebies” that many here bitch about. Be thankful you have jobs and stop bitching about those who don’t….or can’t get them or even are depressed and stopped searching….

    Speaking about security… FEED ME! http://www.brookings.edu/research/papers/2012/06/~/media/Research/Files/Papers/2012/6/26%20security%20homeland%20west/26_homeland_security_west.pdf

    Its gets worse not better….

    • Earl Stick

      Pops, sometimes you sound like a damn Obot. What’s the deal with you? We know you hate Romney, probably because he’s a Mormon, but you can’t possibly think Obama is a better choice, can you? Can you?

      • Popsmoke

        Sorry Earl but I do not think either one of these guys is going to fix anything. Romney and yes I have an issue with him being a Mormon, but that is not why I do not care for him as President. Note that I would have supported Huntsman another Mormon over Romney and especially over Obama.

        Romney is full of himself and like Obama used his ONE TERM as Governor as a stepping stone for the presidency other than that he has ZERO experience and is being advised by the Bush’s and their jackasses who got us into this mess in the first place. Anyone who would nominate John Bolton as SecState needs to go find something else to do other then screw this country up any worse than it already is especially foreign policy wise.

        Look at Syria… This policy is another version of the Wolfie neoCon policy of screwing up governments. The very last thing we need is another bunch of neoCon nutcases back at the helm.

        Domestically speaking? Its going to be another cut,cap and balance without thought and without any cuts in defense or national security.

        I do not see Romney making any headway with the players that are pulling his strings.

        Obama?? I just bang my head on my desk in amazement. Another president who blew good will.

        No matter who gets elected or reelected. We are screwed. The only hope is to cut the loss and hopefully get someone in the WH in 2016 that will do some good.

        • Lemuel Vargas

          In order for the winner of the presidential election, be it Obama or Mitt Romney to be forced to consider and embrace Sarah Palins’ platforms of
          1.fighting the legal corruption (or as Sarah said nicely, crony capitalism)
          2. An end to expanding the federal government via a respect for the Tenth Amendment
          3,Repealing Obamacare.
          4. No more runaway debt. This necessitates prioritizing and cutting spending.
          5. Energy independence, an “all of the above energy policy.” She distilled it down to this: “America’s economic revival starts with America’s energy revival.”
          6. Making America the most attractive country to do business. Included in this is eliminating all federal corporate taxes, which frees up job-creators but requires that they “stand or fall on [their] own.
          The Tea Party in general must win MAJORITY CONTROL of both the HOUSE and SENATE in the coming elections with the contenders having similar platforms as she has.
          We must CONCENTRATE on the HOUSE and the SENATE for a VETO PROOF Tea Party members.
          If Obama wins the Election, he would be forced to work with the Tea Party or he could be overridden by the House and the Senate.
          If the Mitt Romney wins the Election, he/she would still be forced to work with the Tea Party or be overriden, too..
          But the only thing to do is still to GO TO THE POLLING CENTER even if there is no intention of voting for Mitt (not recommended) because there are still THE DOWNTICKET TEA PARTY CONTENDERS THAT STILL NEED OUR VOTES.
          A lesson learned by me during the 1986 Peoples Revolution in the Philippines is not to waste a vote by boycotting or not voting because if the majority of voters has the same sentiment, a despised dictator or in this case, a dangerously narcissistic POTUS and a crony laden Congress will win this election and then we could kiss our american dreams goodbye because of the balooning (or burst) debt crisls which is surely to follow.
          GO OUT AND VOTE THIS NOVEMBER.

          • Hokma

            There has never been a time in modern American history when the need to vote out left wing socialists has been so vital.

            Obama/Pelosi/Reid and their sycophants have al but burried this country and we need at least 2 solid years of conservative government to begin to undo the damage. A second term of Obama will make this country unliveable.

            However, if Obama found a way to get re-elected and the GOP had a majority in both houses, I know that Obama will be impeached within the first year of a second term.

          • Popsmoke

            I am going to vote.. I am going to write in HOKIMA! HOKIMA! HOKIMA! HOKIMA!

      • HARP2

        POP just likes to sit on the fence. That way he never has to explain any stupid things said by either candidate.

  • HELENK2

    http://pjmedia.com/tatler/2012/07/06/june-jobs-report-8-2-percent-unemployment/

    the nitty gritty of the jobs report

    most of the jobs are thru temp agencies ( no bennnies) lower cost to employer

    • getfitnow

      “The private sector is doing fine.”– Barack Obama

      • HELENK2

        I am 21 years old , and look like LInda Darnell.

  • BronwynsHarbor

    Holy mother. Those numbers are brutal.

    Btw, from Rasmussen’s daily e-mail:

    http://www.rasmussenreports.com/public_content/politics/obama_administration/june_2012/31_give_obama_positive_marks_on_handling_economic_issues

    31% Give Obama Positive Marks on Handling Economic Issues
    The economy has been the most important issue to voters for years, but ratings for the president’s performance in that area are at their lowest level since last November.

  • getfitnow

    Sorry, this is o/t and I was most critical of President Bush, but this is heartwarming.
    http://www.voanews.com/content/george-bush-africa-cervical-cancer/1363615.html

    • HELENK2

      during Bush’s term in office, I was a democrat. although I still do not believe we should have gone into Iraq, I can look at the man today with open eyes and a opened mind. He and Laura have done a lot of service without fanfare and I admire them for doing so

      • http://twitter.com/jbjdjbjd jbjd

        I am Unenrolled; but notwithstanding any other good works he has done, I do not anticipate I will ever forgive him for taking advantage of a Congressional vote allowing the use of force in Iraq IF ALL ELSE FAILS; and pretending this meant, given the Administrations’s lies that the country was hiding WMD and refused inspections; invading that country was his only option.

  • HELENK2

    http://weaselzippers.us/2012/07/06/obama-admin-has-warned-not-to-read-too-much-into-monthly-jobs-reports-30-times-dating-back-to-november-2009/

    backtrack bunch has said 30 times since NOv 2009 not to read too much into the monthly jobs reports

    didn’t you get the message???????

    • HARP2

      Of course he is talking to those who can`t read anyway.

    • getfitnow

      To be revised downward next week……

  • Hokma

    And still the Obama sycophants are still out there blamng Bush and pushing harder for yet another stimulus even though the first one failed and to hire more government workers.

    What they fail to understand is that it takes 3 private sector jobs to pay for 1 public sector job. And when the stimulus runs out, as it did the last time, those new public sector hires will get fired and there will be zero job growth in the private sector.

    The problem with Obama is a complete ignorance of economics and listens to no one other than campaign advisors.

    • Wisewoman2

      Hokma your numbers appear to be too low. When you consider that public sector jobs include teachers, firemen, cops, librarians, mayors, state and local politicians, etc and since every town has to have each of these categories of workers your figures seem much much too low. Think about it: If as a private sector employee three of us made $60,000, $100,000, and $150,000 how are we going to support one of each of the categories? For instance if a teacher made $75,000 that’s collectively $75,000 worth of LOCAL and STATE taxes combined from us. If each of us paid 10% of our income in state and local taxes that would only fund one $31,00 public sector job. I read a study that said it required 7 private workers to support 1 public worker.

  • Flop_Flipper

    Damn Larry! Just when I thought you had written something even the lObot would agree with, you show your true colors, ending your piece calling Obama a boy, being your true racist self. ;-}

    • http://noquarterusa.net Larry Johnson

      Well, when it comes to economics, Romney is my boy.
      Does that make him black?

      • Flop_Flipper

        He’s my bro too.

      • arabella_trefoil

        Romney is my cuz.

    • getfitnow

      That One is a “boy.” — an under developed teenager, physically and mentally.
      ‘Nuf said.

      • Malcolm_Reynolds

        Must be from all that choom he took as a tween.

  • Flop_Flipper

    780,000 More Women Unemployed Today Than When Obama Took Office.

    The number of women unemployed in June was 5,785,000, an increase of 780,000 from when Barack Obama was inaugurated in January 2009 – at that time, the number of unemployed women in the United States was 5,005,000.

    Good thing he isn’t warring on women too!

    • arabella_trefoil

      Those women aren’t unemployed. They are staying home being helpmeets to their husband and raising children. And growing their own food and making their own clothes and studying the holy book.
      (Just google “Quiverful Movement”)
      Every man could have a job if women only stayed at home where they belong.
      PS – JOKE – this post is a JOKE

  • HELENK2

    What’s the difference in the national debt and June new employment? You can fit June new employment into the Rose Bowl.

    Iowa Hawk

  • HELENK2

    http://weaselzippers.us/2012/07/06/afl-cio-chief-richard-trumka-says-dismal-june-jobs-numbers-are-mitt-romneys-fault/

    in the you can not make this up catagory

    obot Trumka says dismal June jobs numbers are Mitt Romney;s fault

    • KenoshaMarge

      Not a bit surprised. Dems take responsibility for nothingt and shift the blame for everything. Harry Truman wouldn’t even recognize his old party. The buck not only doesn’t stop with this POS POTUS, it doesn’t even slow down.
      And we know Trumpka is part of the Obama Administration since he spent more time in the White House than Biden. Or Michelle.

  • HELENK2

    http://www.lvrj.com/business/roll-your-own-cigarette-operations-to-be-snuffed-out-161539845.html

    here go some more jobs. I do not encourage anyone to smoke. but the hidden things written into bills have consequences

  • HELENK2

    http://freebeacon.com/the-obama-derecho/

    this is one hell of a discription of the backtrack years

    obamo derecho

    • getfitnow

      HISTORIC sums it up.

  • alicewolf

    There is a perfectly feasible solution just waiting to be implemented. It’s high time we all stopped looking at the dark side of things, and got on with what’s RIGHT. HR 1489 is waiting in the House of Representatives to be debated and passed. It’s called THE RETURN TO PRUDENT BANKING ACT and was introduced by Marcy Kaptur last year, now there are seventy co sponsors now, the latest ones having signed on after the JP Morgan debacle and now just recently, the LIBOR scandal. There is international support for reinstating the Glass Steagall standard which is what the bill seeks to do. Start calling your Congressman or woman, email them and write to them insisting that they get on the cosponsor list. We will need to go back to the Hamiltonian Economic Method as set forth in the US Constitution so that the Congress can start uttering credit for masice infrastructure projects such NAWAPA and the consturction of a mag lev raifoad system, the construction of nuclear fission and fusions power plants, and get a science driver program going through a revived NASA and a Manned Mission to Mars project which will necessitate all sorts of scientific research that we so badly are in need of, which will elevate the standard of living and let us evolve as a species and have our civilization to improve in quality planet wide. We need to learn about our Galaxy and what is going on in it so we can survive for generations to come. We were created in the image of God, which means we should be creative, not just sit back and let ourselves be killed off one by one by austerity measures. Bill Gates is having his population reduction conference very soon, he is rich enough to think correctly by No, he has to take part in genocidal oligarchical ventures that are not Godly. Make no mistake about it everyone, God is in control and if you go over to the side of the oligarchs and their satanic agenda it is deeomed from the get go, so get on the winning side and do the Hamiltonian thing. Reinstate Glass Steagall, reinstate the US Credit System, new Bretton Woods and NAWAPA et al.
    If grumbling is keeping us back from remaining alive as a species there is obviously no point in it. Let’s use our energy to get the RETURN TO PRUDENT BANKING ACT passed and LIVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

    • http://twitter.com/jbjdjbjd jbjd

      On the whole; I really like Rep. Kaptur, especially when it comes to addressing economic issues affecting her constituents.

      • alicewolf

        Great, can you get your congressman or woman to sign onto her House Resolution, HR 1489 The Return to Banking Act? Could you find time to talk about it with your colleagues and family and tell them that the future of mankind is at stake.
        The Brits have realized that Glass Steagall is the only way out of a total collapse of civilization and an article in the English Financial Times this week said as much. Even Hambro, the banker of Hambros Bank, which is not in existence any more, and who is the CEO of the largest gold mining corporation in Russia agrees that Glass Steagall is what is required. Robert Reich and certain other economists are not too scared to speak out about Glass Steagall being reinstated.
        There is a big webcast today with Jacques Cheminard and Helga Zepp laRouche which you might like being webcast live at midday from Europe. The Glass Steagall is required internationally and it’s crucial to remain diligent and insist on it’s passage, white Draghi is dithering over the ESM, this is a good time to press for Glass Steagall, Marcy Kaptur could go down in history and a world hero.l

  • alicewolf

    PS If we come with Glass Steagall and NAWAPA etc then lots of people will go back to work for generations to come.
    The credit will be for projects that will give people a reason to live for and the money it will generate will pay for social services. We need decent education not same sex marriage propaganda, we need decent healthcare not a system that is designed to allow Congress to “tax” us for whatever they want.
    We don’t need to fight everyone and their mother for the sake of Obama getting his rocks off watching people croaking when they are murdered by one of his drones. We have to stop all this rubbish and get on with behaving like humans not dinosaurs. We will go extinct on our own accord if we don’t stop all this. Our Constitution says that if the leaders don’t keep the law then they have to go. How soon is what I am asking.

  • HELENK2

    http://thehill.com/blogs/ballot-box/presidential-races/236489-report-dozens-pass-out-from-extreme-heat-at-obama-campaign-event

    dozens pass out form extreme heat at obama campaign event.

    one of the most telling sentences was’
    obama did not cut short his speech that was over an hour long

  • HELENK2

    jobs growing at IRS after supreme court ruling

    http://taxprof.typepad.com/taxprof_blog/2012/07/irs-goes-on-.html

    • getfitnow

      But don’t call it a tax!!!

  • getfitnow
  • jrterrier

    The president was out there on the stump saying the numbers showed we were going in the right direction. imagine that.

  • jrterrier

    no shame: “That’s a step in the right direction…” President Obama.
    POLAND, Ohio — President Barack Obama responded to this morning’s June jobs report that the economy added 80,000 jobs last month — below analysts’ expectations.

    Obama noted that 84,000 private sector jobs were created (4,000 jobs were cut in the public sector).

    “That overall means that businesses have creatd 4.4 million jobs over the past 28 months,” Obama told the 300 supporters in attendance. “That’s a step in the right direction… But we can’t be satisfied because our goal was never to keep on working to get back to where we were in 2007.”

    “We’ve got to grow the economy even faster, and we’ve got to put even more people back to work,” he added.

  • no_longer_a_democrat

    “That’s an increase of 1,912,000. Obama apologists like LOLA828 insist that this is just old people retiring.”

    News reports say about 10,000 people retire everyday, June had 30 days, so that’s only 300,000 retireees, that means 1,300,000 of 1,912,000 are dropping out outright from the US economy. Must be those dang bitter racist clingers.

    • arabella_trefoil

      Retire? Frigging hell, after most people’s retirement savings took a beating in the crash who can retire? And the government wants people to work until age 77 or later so that they won’t ask for Social Security. Many people want to work for as long as possible – but where are the jobs? Plus, what if you’re working a job that demands physical labor? (And please don’t tell me that a guy who does track work can be “found a desk job.” That just doesn’t happen.
      Most people I know don’t want to retire, but are forced out of the job because of down sizing, companies failing, and work being transferred overseas.
      Them that has, gets. And the rest of us are invisible.

      • http://twitter.com/jbjdjbjd jbjd

        We have several retired teachers who sign up as replacement teachers (substitutes). But so many of them don’t last because (they say) the students are too challenging. (That’s putting it mildly.)

        I used to say; I want to teach the younger generation to change the world so that we ‘old warhorses’ can rest. But given their political apathy (and preoccupation with diversions which are marketed to them so as to maintain that apathy); they will have to wheel me out of the classroom.

  • no_longer_a_democrat

    so, in 2004, whittle Barry was whining that 300,000+ jobs created under the “evil” Bush was awful…. and so apparently we don’t want to go back to when the economy was creating that level of jobs.

    http://www.youtube.com/watch?v=6Ae2Anha7ig&feature=player_embedded

  • TeakWoodKite

    8,265,000 under Bush compared to Net increase of 7,354,000 under Obama… ” …
    BO doesn’t even engender the “folks” to procreate….you’d figure with millions of people leaving the workforce, having nothing to do…well… the population would ‘boom”. Oh whips and chains no!!! Nope.
    What is stunning is that Barry thinks “it’s getting better all the time”, saying in that condesending preacher accent, that it’s someone else’s fault not his problem.

  • HELENK2

    stolen from crawdad hole
    a great big welcome to Ohio for backtrack’s bus

    http://www.thegatewaypundit.com/wp-content/uploads/2012/07/obama-ohio.jpg

    • HARP2

      Exclusive – The Vetting – Barack Obama, the First Tea Partier

      In 2009, President Barack Obama reportedly called members of the Tea Party “teabaggers.” It turns out that our fourth greatest president, first in so many things,
      may have been the first “teabagger” himself, as seen in the 1997
      photograph above. Yes, that really is Barack Obama wearing a regimental
      coat and carrying a tricorn hat in his hand. And that flag behind him
      really is a Gadsden flag, with its serpent and its “Don’t Tread On Me”
      slogan. You may want to let all of this sink in a bit, especially if
      you’re a Tea Party-bashing progressive.

      http://www.breitbart.com/Big-Government/2012/05/23/Exclusive-The-Vetting-Barack-Obama-First-Tea-Partier

  • Hokma

    In a previous thread the resident Obot LaLa or Lola or PPAA claimed that the reported numbers showed GM was doing better than Ford. Unfortunately, those numbers were misleading and were jiggered to present to Americans a false picture of GM before the election.

    The fact is that the General Motors reports of success are not true at all.

    The good increase in sales reported are tainted because those sales are a result of much less profitable Fleet sales (versus more profitable Retail sales). But there is more,

    Where did those Fleet sales come from? Federal government purchases of GM Automobiles increased 79% in June. In fact, the Detroit Free Press reported that retail sales of GM vehicles rose less than 8%, while sales to fleet customers rose 36%.

    And the government still retains a 32% stake in GM because if they cashed out it would us billions of dollars,

    GM is still teetering and Obama is covering up its actual health with stunts like this and step incentives (backend) some of which are coming from the Department of Energy.

    So while Obama buses around the battleground states lying though his pearly whites, we now know that he has been lying about one additional thing. We can expect more malicious stunts like this from Obama and his incompetent policies until the election.

    • lola828

      “The fact is that the General Motors reports of success are not true at all.”

      You always make all these outlandish claims, but you never back them up with any credible analysis, facts, figures or links to credible sources of information.

      Quoting growth rates of fleet and retail vehicle sales means absolutely nothing, particularly when fleet sales only make up a small portion of total sales.

      By the way according to GM government vehicle sales in June were only 17,500 out of 248,750 total vehicles sold.

      http://www.gm.com/content/gmcom/home/company/investors/latest-news/news_detail_page.content_pages_news_us_en_2012_jul_gmsales.~content~gmcom~home~company~investors.html

      The reality is that GM has been doing very very well since it was saved by the Obama Adminstration. Sales have bounced back, profits are up, they have added employees and are making market share gains. The economies of MI, OH and IN have all benefited from a stronger GM. It was likely the best use of taxpayers dollars ever. The cost to taxpayers of letting the auto sector collapse would have been much much higher.

      “Former U.S. President George W. Bush defended the emergency bailout funds his administration provided to General Motors Co. and Chrysler Group LLC in a speech to car dealers, saying he would “do it again.”

      “I didn’t want there to be 21 percent unemployment,” Bush said Monday in the closing speech at National Automobile Dealers Association convention in Las Vegas, according to Bloomberg. “I didn’t want to gamble. I didn’t want history to look back and say, ‘Bush could have done something but chose not to do it.’ And so I said, ‘No depression.’ ”

      http://www.policymic.com/articles/4086/president-obama-and-george-w-bush-were-right-to-bailout-u-s-auto-industry

      • Hokma

        Here is the problem for you. Government Motors is using old tricks to fix the books. Sales of actual vehicles must be reported and those numbers have been in the news (real news sources).

        What is disgusting is that Obama is using my friggin tax dollars to make his failure with GM look like a success.

        Look at the stock price. The last I saw it was actually below the IPO price and needs to be at about 50+ for the taxpayers to break even.

        All you do is pull together bullshit off the internet to try and piece together a chicken salad even though it is still chicken shit.

        What Bush did with the bailout of GM and Chrysler was a mistake and I disagreed with it them and now. But his use of TARP was misappropriated by Obama to bail out the UAW only. Any other characterization of the use of those funds is a flat out lie.

        Go waste more time with mindless “google searches.”

        • lola828

          Again do you have any proof of your outlandish statements? Any supporting evidence? Any facts? You are just talking out of your ass as usual.

          The stock price for all the auto companies is down. It has nothing specific to do with GM. There is no hurry for the tax payer to sell their stake in the company. The alternative cost to the taxpayer would have been much higher if the auto sector was allowed to fail.

          I quote GM’s earnings release directly and Bush directly. Those are real sources. Not your BS that is backed up by absolutely nothing.

          • Hokma

            Instead of gettng your information from left wing bullshit political blogs or random google searches, try doing some intelligent research – maybe go to the library and read some newspapers particularly in the financial area.

            The numbers I mentioned are not made up they are reported and some basic reading you would find them. You are just too intellectually lazy and ignorant to read.

            My tax dollars went to pay for the federal government to buy enough new GM cars to make their numbers look politically good. If you are basing your opinion on GM reports then you are as dumb as anyone investing in that company now.
            Thanks to Obama all stocks are not worth buying now. But when the price is lower than the IPO (see Facebook) everyone loses money. We did not invest in Ford – we invested in GM and it was a bad investment.

            Quoting random items proves nothing. You have no rationale because you cannot think or reason. You’re a moron who knows nothing about nothing except how to do a google search and list disjointed information.

            When I watch any of the Obama sycophants like Gibbs they sound like morons using bits of information which they cannot argue for when asked even one question, because they do not make sense – like you.

  • HELENK2

    http://www.thegatewaypundit.com/2012/07/obama-most-people-would-acknowledge-that-ive-tried-real-hard/

    backtrack most people would acknowledge that Ive tried real hard

    this time the country cannot afford the “if you don’t succeed the first time try again” theory

    • getfitnow

      What he’s “tried” and continues to do is what he said he would do—”fundamentally transform” this country. I wonder why he won’t admit his “success?”

    • HARP2

      sorry….didn`t see your comment.

      • HELENK2

        GMTA

  • HELENK2
  • HELENK2

    http://freebeacon.com/putins-july-4th-message/

    what is with Russia playing chicken again in our air space?????

  • HELENK2
  • HELENK2
  • HARP2

    Obama: Most People Would Acknowledge That I’ve Tried Real Hard

    Barack Obama told an Ohio television station, “Most people would acknowledge that I’ve tried real hard.”

    “I suspect that most people in Cincinnati would
    acknowledge that I’ve tried real hard, and we haven’t gotten the
    Republicans to engage on a whole range of issues that, I wish had
    happened,” Obama said in an interview with WLWT-TV in Cincinnati, Ohio.
    “Part of what I think needs to happen in this election is the voters
    once again have to send a message, ‘We want common sense ideas. We don’t
    folks who are just saying no to everything. Even stuff, traditionally
    [they] were in favor of,” Obama said.
    http://www.thegatewaypundit.com/2012/07/obama-most-people-would-acknowledge-that-ive-tried-real-hard/

    • HELENK2

      he may be trying but sorry backtrack it ain’t working

      http://www.youtube.com/watch?v=eQxqdvpd_U4

    • KenoshaMarge

      Give him some cheese with his usual whine. Limburger cause it stinks!

    • DianaLC

      Gosh! When I read that Obama claims he’s tried real (should be really) hard, I think and think about what he’s tried hard to do on his own. The only thing I can think of is that he’s tried to improve his golf game.
      I remember all those old lectures in proper usage:
      Never say “try and do” something because the conjunction “and” implies two different actions. You can try and you can do.
      If you are trying but haven’t yet done it, say “try to do” something.
      Obama has tried to convince me that he has been trying to do a good job as POTUS. The problem is his trying to convince has not resulted in his actual convincing me.

      • TeakWoodKite

        Is this why Yodi said “there is no ‘try’, there only do”? At least the Jedi doesn’t have to change his pattern of speech to use the force…

    • Flop_Flipper

      Tried real hard to what?
      Decimate our economy? Check!
      Divide our country by race, gender, sexual orientation, religion and class? Check!

      When you look at things that way, Obama really has tried real hard. He’s not lying through his fucking teeth again, he is actually being sincere. So I guess we should thank him. And give him a nice going away present on November 6th. Try real hard too.

    • FLDemFem

      I wouldn’t acknowledge that. He hasn’t tried at all. He has spent most of his term flying around giving speeches. That is not work. Going on vacation is not work, 101 golf games in three years is not work, flying around on AF1 from speech to speech is not work. And he had a Dem majority for the first two years of his term, so what does he mean by “they” blocked him? This man is not only a serial liar, he is a fool and expects us to be fools too. He need to go, as soon as possible.

  • HELENK2

    http://conservativeblogscentral.blogspot.com/2012/07/obamas-surprising-october-surprise-j-d.html

    backtrack’s October suprise

    possible but is it probable??? war with Iran?????

  • HELENK2

    http://weaselzippers.us/2012/07/07/betting-on-america-obama-regime-to-invest-20-million-in-wind-farms-and-solar-panels-for-africa/
    the “you can not make this up” for this morning

    hey buddy you blew the money we gave you to start green energy here in the US but we will give you more money to start it in Africa. Maybe the American people will not catch on.
    wink wink

  • HELENK2
  • HELENK2

    http://www.wnd.com/2012/07/spin-cycle-feds-enlist-journalist-to-control-media/

    spin cycle feds enlist journalist to control media

    thought we already had this at MSNBC

  • HELENK2

    http://hosted.ap.org/dynamic/stories/M/ML_IRAN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

    Iran says it has a plan to close waterway if threatened.
    Idle threat or possibility???

  • HELENK2

    https://twitter.com/pdanahar/status/221655539489308672/photo/1

    the next time someone tells you they are NOT going to vote, tell them about this man

  • foxyladi14

  • Pingback: for revolutionaries only: an open thread : NO QUARTER

  • lola828

    What is the point of this post?

    Yes, we know the unemployment rate is high. Yes, it is obvious the economy is not creating jobs very fast. It has been the deepest recession since the Great Depression and it will therefore take longer than most recoveries to recover. In fact, the unemployment picture is also being held back by all the government job layoffs, which we have never had before in a recovery. Record government job layoffs is almost entirely the reason that the unemployment rate has not dropped to about 7% by now.

    Are you claiming that Obama has made no progress on improving the employment situation? If so, that is bullshit. We are a very far away from an economy that was losing nearly 800,000 jobs a month when Obama took over to now gaining over 100,000 private sector jobs a month. That is a net change of almost 1.0 million jobs a month. Since the depth of the recession in 2009 we have added about 4.0 million private sector jobs.

    Are you claiming that Bush did better on the jobs front than Obama? That is also bullshit. In fact, Obama is tracking the jobs recovery at about exactly the same rate as Reagan. This jobs recovery is actually creating more jobs than the last two recessions, including the very mild and narrow one that Bush inherited. More on this in another post.

    *****

    Lets first deal with Larry Johnson’s comment:

    “That’s an increase of 1,912,000. Obama apologists like LOLA828 insist that this is just old people retiring. That is complete nonsense. Population continues to grow in the United States. As population grows the number of folks who are eligible to work continues to grow.”

    You do realize that there is a baby boom generation out there that is a massive bulge in the population. You do realize that those baby boomers started retiring en masse in just the last couple of years. So no your statement above is not correct. The massive number of baby boomers retiring is not being offset by new 16 year olds entering the job market. There is nowhere near enough 16 year olds to keep the size of the labor market the same or for it to grow, given all the retirements. Therefore, the shrinking of the labor market is not all about people dropping out and not looking for work. The real story is all the retirements. There are plenty of academic credible reports and analysis out there talking about this effect. Why don’t you read them? I have linked to many of them in the past.

    According to the Social Security Administration the total number of beneficiaries was:

    Total Beneficiaries
    YE2011 55,404,480
    YE2010 54,032,097
    YE2009 52,522,819
    YE2008 50,898,396
    YE2007 49,864,978
    YE2006 49,122,826
    YE2005 48,434,436
    YE2004 47,687,713

    Growth in Total Beneficiaries
    YE2011 1,372,383
    YE2010 1,509,278
    YE2009 1,627,723
    YE2008 742,152
    YE2007 688,390
    YE2006 746,723
    YE2005 649,238
    YE2004 594,179

    http://www.socialsecurity.gov/OACT/STATS/OASDIbenies.html

    This gives you an idea of how many people are retired and more importantly the growth in retirements in recent years. In just the last 7-8 years the number of people collecting Social Security has tripled. That tells you that retirements in the U.S. have likely tripled in the same time and in fact retirements have double in just the last 4 years. By these numbers, that is an additional +3.0 million people having retired and left the work force under Obama just because of the acceleration of retirees that has occurred over the last couple of years. That also means that at least half, if not more than half of the 1,912,000 you say are no longer in the work force over the last year, is just from the acceleration of baby boomer retirees.

    However, the best and real way to see what is really going on in the labor market it to look at the participation rate for prime age workers (25-54 yrs old), which eliminates the impact of demographics and retirements. The prime age worker participation rate has actually been going up recently and has not dropped all that much since Obama became President. That tells you that the real or the bulk of labor force is not seeing a drop in its size and in fact has been recently increasing in size. There is no real mass of people dropping out of the labor force.

    Prime Age Participation Rate 25-54 yr olds

    January 2009 82.8%
    January 2010 82.4%
    January 2011 81.7%
    January 2012 81.6%
    February 2012 81.6%
    March 2012 81.6%
    April 2012 81.3%
    May 2012 81.5%
    June 2012 81.5%

    http://www.bls.gov/emp/ep_table_303.htm

    Not sure if you get this, as I am sure for many of you it went right over your head. Let me summarize. Larry Johnson’s claim that the employment picture is worse than you think is BS. The labor force has been largely contracting because of all the retirements. There is not a mass of people that are disgruntled and are dropping out of the labor force. If you look at the bulk of the labor force which is prime age workers between the age of 25-54 yrs old, which factors out the impact of retirements and kids staying in school longer, the participation rate for this group has not moved much at all and in fact has been improving or increasing in 2012.

    Larry Johnson I am sure you will just ignore this analysis and get right to the name calling. That is what you do.

    • http://noquarterusa.net Larry Johnson

      Thanks for proving the stupidity and blindness of your side. One very simple number tells the story–there are fewer people employed now than were employed in 2003 under George Bush. Hell, Bush still had more people working in 2008 than are working now.

      • lola828

        Again, you fail to deal with the arguments and numbers I present. Just more garbage from you.

        “One very simple number tells the story–there are fewer people employed now than were employed in 2003 under George Bush.”

        Big deal…

        We had a huge recession between 2007 and 2009 when we lost 8.5 mm jobs, so yes there are less people working. Duhhh. Layer on to that a record number of retirements in recent years and it is not a suprise the number of people working is lower.

        However, since the depth of the recession in 2009 the total number of people employeed has gone from 137,968,000 (Dec 2009) to 142,415,000 (June 2012). That is an increase of 4,447,000 jobs or more than half the 8.5 million jobs that were lost and that is with more than 600,000 government job cuts.

        Not sure where you are getting your numbers from, but according to the BLS the most employeed in 2003 was 138,411,00 (Dec 2003), which is lower than the number employeed now.. The highest it ever was under Bush was 146,595,000 in Nov 2007 or just before the Bush recession started.

        http://data.bls.gov/pdq/querytool.jsp?survey=ln

        • Hokma

          The WSJ Blog post you linked to is a bullshit analysis. If someone ever came to me with crap like this they would be fired for ignorance.

          When Bill Clinton came into office the recession that started under G HW Bush were about over and the unemployment impact was not during his tenure. He was equally lucky that the next recession came when he was leaving office and the unemployment effect did not hurt him. The FACT is that the Clinton boom was fallacious and a result of reckless and illegal activity to hype the internet and tech boom. The direct result of that was the crash of NASDAQ, massive major corporate scandals, and all resulting in Sarbannes/Oxley. Helluva job Bill!

          Bush came into office and to blunt the effects of the recession he had tax cuts passed and they worked. The economy was growing and there was a surplus until 9/11/01. Remember that? Remember how out economy just shut down – airline travel came to a halt – Wall Street crashed – but somehow we weathered through that calamity which was also an economic calamity. Then Bush had to go to war which was never factored into the budget by Clinton and still try to prevent any economic downturn which he did. Bush then presided over the best period of economic growth until the financial collapse at the very end of his tenure. To take the end of his tenure and the very beginning of his tenure and not factor in everything in between is ignorant.

          Obama? This is HIS recession and HIS fault – his reckless spending and HIS reckless intervention into the free market. He has failed by any measure and no one in American history comes close.

          Your comparisons are pathetic as your guy is.

          • lola828

            So the recession is Obama’s fault? I guess that would mean the housing bubble and the collapse of the financial system was Obama fault?

            You are a nut. You are LJ deserve each other.

            Bush had the residue of a very mild and narrow recession to deal with. Not sure how you figure the Bush tax cuts worked. There is no proof of that. All it did was majorily ratcheted up the deficit and debt, which we are still dealing with.

            Bush had the biggest stimulus ever, which was the massive increase in government spending and his job creation and GDP performance was still terrible.

            The Clinton economy was only the Internet economy? That is a joke. How much of the job and GDP growth during Clinton was a result of the creation and growth of the Internet?

            What is wrong with the conservative WSJ’s analysis? Again, you are just talking out of your ass.

            • Hokma

              I don’t care whether a news media is supposedly conservative or liberal – stupidity is stupidity. That was an superficial and ignorant analysis.

              There are two kinds of economies – those that are free market and those that are government controlled. History is clear that economies that are government controlled never work – they may grow to a point – but then collapse.

              A truly free market will naturally grow in value until it reaches a threhold where the market determines that it is over-valued and then will recede (recession) to a more acceptable level and then it will begin to grow again.

              It is a myth that politicians cause recessions or solve them. They are coincidental characters in time.

              However, politicians and their actions using government control can cause a recession to deepen and sustain.

              Obama did not cause a recession (nor did Bush) – but there is no doubt that his government control actions have made this recession deepen and unable to recover.

              There are always system problems in a free market economy which are never paid attention to until there is a recession when they become more pronounced.

              The boom under Clinton was not just Internet (although I could relate stories that are extraordinary) but also other tech related industries including energy. Then came the NASDAQ crash and the unethical and illegal actions by some major companies came to light (i.e. Enron, Worldcom, Adelphia, Global Crossing, Arthur Anderson, etc). When money is being made, no one cares which is why systemic problems become issues only during recessions.

              The one remaining problem after that recession was the mortgage/credit issue and Fannie Mae which was a very long term problem that no one had the political will to correct for decades.

              Now if you bothered to read a friggin book or pick up newspapers you would already know this.But you choose to be willfully ignorant – like most liberals (or they intentionally distort and lie)- so get lost moron.

  • lola828

    Despite what Larry Johnson says from a historic perspective Obama’s policies have resulted in as good or better an improvement in the employment picture as either Bush or even Reagan.

    Comparing Bush, the guy who burned the economic house down and handed Obama the biggest recession since the Great Depression, is a joke. Over Bush’s 8 years he had the worst jobs record on record. Don’t believe me then believe the conservative WSJ. This article tells you all you need to know about Bush’s economy and jobs record (and Bush created so few jobs during an era of record military spending).

    “Bush On Jobs: The Worst Track Record On Record.”

    http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/

    The reality is that the biggest thing holding back jobs growth during the Obama era is all the government job cuts at the local and state level. You, Larry Johnson, are only telling half the story. What you really should be doing is breaking-out the private sector from the public sector.

    Again according to the conservative WSJ, if the level of government employees was the same today as it was at the end of 2008, the unemployment rate would be 7.1%, which would be lower than the 7.2% that it was when Reagan faced re-election. Therefore, Obama has done at least as good a job as Reagan in private sector job growth and Reagan did not face a Congress that blocked everything or a prolonged housing crisis or as deep a recession. It is completely unfair to say that Obama also has to make up for all those local and state government job cuts (most coming from Republican Governors).

    Read all about it yourself here:

    “Unemployment Rate Without Government Cuts: 7.1%.”

    “If there were as many people working in government as there were in December 2008, the unemployment rate in April would have been 7.1%, not 8.1%.”

    http://blogs.wsj.com/economics/2012/05/08/unemployment-rate-without-government-cuts-7-1/

    And lets also compare Obama’s job creation record to Bush, as Larry Johnson does or kind of does.

    This chart based on BLS data says it all:

    http://thinkprogress.org/wp-content/uploads/2012/06/BUSHvOBAMA_jobsREV.png

    “Even with today’s disappointing and troubling jobs report, private sector job creation under President Obama has far exceeded private sector job creation under President Bush. 40 months into his presidential term, there are currently more private sector jobs in the economy than when Obama came into office. At the same point in President Bush’s term, the total number of private sector jobs was still down 1.7 percent from where it began.

    The numbers are even starker when measuring each president’s record from the moment job creation returned. Private sector job creation returned in February of 2010, the 13th month of President Obama’s term. Since then, the economy has added 4.3 million private sector jobs, a 4 percent increase.

    Under President Bush, the economy stopped shedding private sector jobs in July of 2003, fully 30 months into his administration. From that point until May of 2004, the economy added just 1.5 million private sector jobs, an increase of only 1.4 percent.

    But there is one area of job creation where President Bush clearly outshines President Obama: the public sector. Public sector employment is now down 608,000 workers since January 2009, a 2.7 percent decline. At the same point in President Bush’s term, public sector employment was up 3.7 percent. If, over the past 40 months, public sector employment had grown at the same pace as it did in President Bush’s first term, there would be 1.4 million additional people at work right now. That’d be enough to bring the unemployment rate down by nearly a full percentage point.”

    http://thinkprogress.org/economy/2012/06/01/493849/obama-bush-jobs-record/?mobile=nc

    Quite a socialist President who sees an unprecedented decline in the public sector and growth in the private sector.

    Again the chart below tells you everything you need to know.

  • lola828

    Here are some hard facts for you.

    2/08 – 1/09 4,462,000 jobs LOST (Bush’s last year)
    2/09 – 1/10 4,282,000 jobs LOST (Obama’s first year)
    2/10 – 1/11 1,177,000 jobs GAINED
    2/11 – 4/12 2,632,000 jobs GAINED

    Hard to deny that we have not had a big turn around since Obama was handed that economic disaster from Bush. And that is with more than 600,000 government job losses.

    Hate to think where we would be if we had let the auto sector collapse as Romney wanted us to do.

  • TeakWoodKite

    “Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time,” Nouriel Roubini said.

  • yuer442

    welcome to the tinyurl.com/cozaa3k

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  • ganshang

    welcome to the tinyurl.com/cyk9xz2