UP: Unemployment Rate 8.2%

 

US economy added 69,000 jobs in May;

unemployment rate rose to 8.2 percent

 

 

At the White House blog, Alan Krueger is blaming Bush -- or rather, "the damage caused by the financial crisis and deep recession that began at the end of 2007."

That would be the recession that ended in June 2009, Obama's fifth month in office -- when, after the economy shrank in five quarters, the GDP turned positive as a result of the "stimulus."

 

 

Tyler Durden today:

 "... a total disaster for Obama, who has decided to sacrifice the perception of an improving economy just so he can give Bernanke a green light to goose the stockmarket" [with a new round of Quantitative Easing].

 

 

So what EEEJOT scheduled six fundraisers for Obama on the very same day the jobs numbers were to come out?  If that person worked for me, they'd be joining the bloated ranks of the Unemployed... this morning.

 

Obama to Hold Six Fundraisers in One Day

by KEITH KOFFLERMAY 31, 2012, 7:04 PM

With Republicans steamrollering ahead with a group of well-fed Super Pacs and an increasingly successful money effort by Mitt Romney, President Obama Friday will attend six fundraisers, a possible sign of budding desperation for a campaign that is lagging far behind its initial fundraising expectations.

Obama will travel to Minneapolis, where he will ensconce himself at the Bachelor Farmer Restaurant for three successive fundraising events. Afterward, he moves on to Chicago for a fundraiser at the Chicago Cultural Center and then two events at what appear to be separate private residences.

 

9:15 am ET || Departs White House
10:45 am CT || Arrives Minneapolis, Minnesota
11:45 am CT || Tours Honeywell’s Golden Valley facility; Golden Valley, Minnesota
12:10 pm CT || Delivers remarks urging Congress to act on the “To Do List”
1:15 pm CT || Speaks at a fundraiser; Bachelor Farmer Restaurant; Minneapolis, Minnesota
1:50 pm CT || Attends a fundraiser; Bachelor Farmer Restaurant
2:25 pm CT || Attends a fundraiser; Bachelor Farmer Restaurant
3:20 pm CT || Departs Minnesota
4:20 pm CT || Arrives Chicago
6:10 pm CT || Speaks at a fundraiser; Chicago Cultural Center, Chicago, Illinois 
7:25 pm CT || Speaks at a fundraiser; private residence, Chicago, Illinois
8:55 pm CT || Speaks at a fundraiser; private residence, Chicago, Illinois

Comments

[Mannie Sherberg]

There's always been a debate among historians as to whether Nero actually fiddled while Rome burned -- but there'll be no debate about the fact that Obama fiddled around while the American economy burned into cinders. There was never anything fated or destined or inevitable about this conflagration of American assets and American dreams. It is the result of intentional malfeasance by a socialist president determined to give America its comeuppance and bring it to its knees. What's happening today is what the Left has for many years yearned for, pined for, and worked for. Obama's talk about Hope and Change was much more than campaign malarkey -- it was a promise to the Left that he would give them what they hoped for by changing America into the basket case of their dreams. He's kept his promise.

[Elan]

Mannie is of course correct, but one cannot help but note how pathetic Obama has become, after fundamentally transforming one-sixth of the American economy but now having to watch it being reviewed by the Supreme Court (some eegot forgot to check the Constitution before ramming ObamaCare through Congress), and possibly having it repealed next year by a Republican Congress. He couldn't raise taxes even when his party completely controlled Congress; his attempt at fundamentally transforming energy usage in America through cap-and-trade barely passed the House (many Democrats who voted for it were subsequently shellacked) and wasn't even taken up by the Senate. He destroyed public financing in 2008 and now must traipse around raising money, asking people to still believe in Him; but they now know he was only sort-of-Him, in his own eyes, and it's hard to make that sale again. His campaign is a series of exploding cigars rolled by David "Acme" Axelrod and tricks prepared by David "Poof!" Plouffe, since there is no record to campaign on, and it is all become a joke. Here's Jammie (at Jammie Wearing Fools) on Obama's six fundraisers today: "White House insiders expressed concern Obama may not have enough time to squeeze in a round of golf this afternoon or the Heat-Celtics game tonight."

[new era gorras ,]

Er konnte nicht die Steuern erhöhen, selbst wenn seine Partei vollständig Kongress kontrolliert, sein Versuch, grundlegend verwandeln Energieverbrauch in Amerika durch Cap-and-Handel kaum vom Repräsentantenhaus verabschiedet (viele Demokraten, die für sie wurden in der Folge shellacked gewählt) und wurde nicht einmal getroffen durch den Senat.

[scp]

One thing that really irritates me is that the "news media" just repeats the official, "cooked," unemployment figures in an uncritical fashion. From Jaunuary, 2009: "If the government was still calculating the unemployment rate using the same criteria and methods that had last been used during the Clinton administration, the 'official' unemployment rate today would be closer to 18%." http://mortgagedfuture.com/true-unemployment-rate-not-reflected-in-government-numbers/ BY THE WAY, When the above excerpt said "last...used during the Clinton administration," keep in mind that this change was made in 1994, /early in the Clinton administration/: http://www.wnd.com/2012/02/real-unemployment-rate-22-5/