It’s hopeless with the current man at top.
Flickers of job hope quickly fade because there is a cloud hanging over the country’s economy and job growth:
The number of people who applied for unemployment benefits last week rose back
above the 400,000 level in the latest week, adding to worries about the health
of the economy.Unemployment claims rose 9,000 to a seasonally adjusted 408,000 in the week
ended Aug. 13, the Labor Department reported Thursday.The gain comes one week after claims had slipped below the 400,000 level,
seen as a threshold for improvement in the labor market.The gain in claims was higher than expected.
He’s told us he is only halfway there (emphasis mine):
“It’s been a long, tough journey. But we have made some incredible strides together. Yes, we have. But the thing that we all ought to remember is that as much as good as we have done, precisely because the challenges were so daunting, precisely because we we were inheriting so many challenges, that we’re not even halfway there yet. When I said ‘change we can believe in’ I didn’t say ‘change we could believe in tomorrow.’ Not change we can believe in next week. We knew this was going to take time because we’ve got this big, messy, tough democracy,” President Obama said at a campaign fundraiser in Chicago on Wednesday night [August 3].
If this is “halfway there,” can you imagine what “there” will be?
Would you hire someone and expand your business not knowing what “there” will look like?
The is only one solution. But I repeat myself.
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Ron Coleman
Comments
Regarding your provocative interrogatory title, it suggests a horrifying conclusion.
And, it immediately reminded me a bit of what Gertrude Stein once said in her “Everybody’s Autobiography” after having revisited her a childhood home of Oakland, CA, many years later . . . “. . . there is no there there.”
Now, of course there will be those who will point out that she wasn’t actually born there [she was born in Allegheny, PA] and that she spent most of her life in Paris, France, actually calling “La Ville-Lumière” her hometown.
All true. But . . . she was a Republican!
The gain in [unemployment] claims was higher than expected.
Unexpected by whom? I expected it. I even predicted it (orally, to a friend). More interesting to me is that today’s stock market is far worse than expected – even far worse than I had expected.
Obama’s job performance is much worse than I had expected, and I expected him to be as bad as Jimmy Carter.
On “The Five” on FOX, they held up a “Miss Me Yet” sign, but it had Carter’s face instead of Bush … ha.
…and inflation was .5% with expected at .2%. DJIA down over 3% at -400.
Have a nice day!
“Green” energy is our future, our economically astute president has repeatedly told us for nearly 3 years.
Evergreen Solar (ticker ESLR), traded for $103 on Christmas Eve 2007. It filed for bankruptcy earlier in the week and is now trading for $0.17. Wind energy company BWEN traded for $27 in 2008. It’s now trades for under $1. Similar stories with ethanol.
That’s our green energy future.
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