PRESIDENT “o” = PRESIDENT ZERO …
OBAMANOMICS AT ITS FINEST … ARE YOU FRIGGING KIDDING ME!!! WHAT A DISASTER!!!
The job numbers are in for August 2011 … there were “0″ jobs added in the month. NADA, NIL, CERO, NUL, NESSUNO!!! Thanks Barack Obama! But wait, Obama is going to save the day next Wednesday, Thursday or when ever he decides to give this important jobs speech that was so important that a vacation and golf preempted it.
It was the first time since World War II that the economy had a net zero jobs created for a month.
Economists had been expecting the report to show a net of 75,000 jobs created, an unusually low number considering the US is technically more than two years removed from the end of the last crisis.
Markets had been closely watching the August report in hopes that the employment picture would begin to show signs of recovery.
Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1
percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries
changed little over the month. Health care continued to add jobs, and a decline in information
employment reflected a strike. Government employment continued to trend down, despite the return of
workers from a partial government shutdown in Minnesota.
3 … 2 … 1 … Global stocks plunge on the news that not one single job was created in August 2011.
How jacked up is the way in which the US government figures out the unemployment rate … in gaining ZERO JOBS, the unemployment rate remained at 9.1%.
It is obvious that Obama is an abysmal failure and his economic policies are hurting American job growth, not helping it.
WAIT, IT GETS WORSE … June and July’s job numbers were revised downward.
The change in total nonfarm payroll employment for June was revised from +46,000 to +20,000, and the change for July was revised from +117,000 to +85,000.
Not a bad jobs number for a President who is just coming off a relaxing vacation on Martha’s Vineyard as the US economy flounders and is mired in an Obama recession of over regulation and a President who hasn’t a clue how to create jobs. Hint: its not the government that creates jobs, you create a non-hostile environment so that business can grow. Look for Obama economy job approval numbers to drop to the low 20′s and teens. Let’s see Obama and his minions spin this and blame Bush.