Obama’s Serious Job Creation: Initial Jobless Claims Up 25,000 to a Seasonally Adjusted 429,000 … Inflation Up, Gas Prices Up …


Hey Barack Obama … WHY SO SERIOUS?

President Barack Obama’s serious job creation and Obamanomics takes another blow. Initial jobless claims rose 25,000 this week for a season adjusted 429,000. Of course these are the results from a “serious” President who has a serious plan to get Americans back to work.

More people sought unemployment benefits last week, the second rise in three weeks, a sign the job market’s recovery is slow and uneven.

Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending April 23, the Labor Department said Thursday. That’s the highest total since late January.

The four-week average of applications, a less volatile measure, rose to 408,500, its third straight rise and the first time it has topped 400,000 in two months.

So first time unemployment claims rise, GDP and economic growth slows to 1.8%, the value of the US$ continues to slide, inflation is on the rise, gas prices heading toward $5 a gallon and president Barack Obama is getting serious. Why because he told us so. The US economy is a disaster and Obama says its time to get serious and rid ourselves of “Carnival Barkers”. Don’t look now Barack, but during the 2008 Presidential campaign, you were that same “carnival barker” that you are referring to today.

But of course our serious president who lectured us all yesterday went and did what? With all the serious issues that Barack Obama talked about yesterday while provided his “long form” certificate of live birth … Obama then went to Chicago to do the Oprah Show and then went to NYC to attend three fund raisers. American, aren’t you glad we have such a serious President?

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  • Comments

    6 Responses to “Obama’s Serious Job Creation: Initial Jobless Claims Up 25,000 to a Seasonally Adjusted 429,000 … Inflation Up, Gas Prices Up …”

    1. Bill B on April 28th, 2011 10:51 am

      Today, most federal spending goes to just three areas of the budget—national security, Social Security and Medicare/Medicaid—and the changes they made during the administration of Lyndon Johnson passed on budget challenges to those of us living in the 21st Century.

      Little Known Facts:

      1.The Medicare/Medicaid system was established in 1965 while Johnson was in office, creating spending commitments that continue to challenge budget officials to this day. A faulty federal budget process allowed Johnson to pass programs with substantial long-term costs but little short-term budgetary pain while he was in office. (Does this sound familiar?)

      2.While the official debt ceiling is approximately $14 trillion, the total debt is actually in the range of $70 trillion. The current system was set in place by Johnson in an effort to hide the cost of the Vietnam War and his Great Society programs. (Does this sound familiar?)

      Somebody better get serious about running this Joker out of Dodge.

    2. Dolf on April 28th, 2011 11:12 am

      Isn’t this a flaw in the system?

      US Politicians have to be to busy with fundraising.
      (esp. the presidential candidates)

      (just for the time consuming, not talking about possible corruption..cause some ppl who tend to give expect something back)

    3. Babybear on April 28th, 2011 11:45 am

      Personally, I’m tired of my tax money being spent so that guy can fly around the world on that big jet he loves so much. I think it should be taken awayt from him like the Brits took the Queen’s yacht. Maybe then he’d stay in Washington and really attend to the country’s business. No wait–he doesn’t even underestand what the country’s business is. Fly on.

    4. yoyo muffintop on April 28th, 2011 12:17 pm

      See what happens when you vote the GOP back into power in the Congress? The economy slows.

      You told us the teabaggers and republicans in Congress were going to bring jobs…..so where are the jobs?
      SM: Ask Obama.

    5. super dave on April 29th, 2011 4:23 pm

      yoyo: jealousy of us won’t get you anywhere. but, you can join for a fee. and you have to rid yourself of your muffin. we don’t have ugly women.

    6. Obama Not-So Job Recovery: Inital Jobless Claims Rise Again, Jump 43,000 to 474,000 | Scared Monkeys on May 5th, 2011 9:00 am

      [...] they knew there were unusual events, why didn’t they fact such things into their projection? Last week, the initial jobless claims were up as well pointing to an economic slow down. Economists had [...]

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