Unemployment Hits 8.3%

"Focused like a laser" on creating jobs.

Obama, the failed one term Marxist President.

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Team Obama said in ’09 stimulus would have unemployment below 6% by 2012

August 3, 2012

Today’s news that the unemployment rate moved up to 8.3 percent is as good of a time as time as any to revisit the promises the then-incoming administration made in 2009 regarding the economic stimulus bill. Back then they said the stimulus would have unemployment below 6 percent by now.

Not only that but they claimed that the unemployment would be at that 6 percent level now even if the stimulus bill was not passed. That is, that they predicted the economy would recover to that level naturally. In short, the White Houses projections regarding stimulus and the economy were wildly off.

The report, entitled “The Job Impact of the American Recovery and Reinvestment Plan,” was released on Jan. 9, 2009. It was put out by the office of the president-elect was written by economists Christina Romer and Jared Bernstein. Romer would become chairwoman of the Council of Economic Advisers for President Obama. Bernstein was Vice President Biden’s chief economic advisor.

Page four of the report features a chart projecting the unemployment levels with and without the stimulus. With the stimulus, the Romer and Bernstein predicted that unemployment would never rise past 8 percent, and would peak just under that in the third quarter of 2009 before steadily declining to around 5.6 percent by today. Without the stimulus, they predicted that unemployment would peak around 9 percent in the third quarter of 2010 before declining to around 6 percent today.

The then-Democrat majority Congress passed the $819 billion stimulus bill later that month. The projection turned out to be one of the few things connected to it that was shovel-ready. The unemployment rate reached 10.1 percent in late 2009. It has declined since then but has remained above 8 percent for 41 months straight, a record

http://washingtonexaminer.com/team-obama-said...

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.

The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.

The Labor Department's July employment report did little to settle the political debate about the economy, with Obama administration officials and Gov. Mitt Romney seizing on the latest data to bolster their campaigns with less than four months to go until Election Day.

Before Friday's report, economists were increasingly worried that a slowdown in hiring and growth from April through June could get worse and develop into something more long-lasting. Now they are breathing a little easier.

"After a string of disappointing economic reports ... we'll certainly take it," said James Marple, senior economist at TD Economics.

Stocks rose sharply in midday trading. The Dow Jones industrial average added 247 points to 13,126, while the broader Standard & Poor's 500 index rose 28 points to 1,393.

Who's been fired at Chick Fil A for their opinion ??? You proved nothing with respect to not being fired, liar McFred. Your former boss, came on here and said he fired your fry flipping McAss... LMAOROTFu~! Pot-kettle ..

You're my fired expert liar McFred, ever since the McFries line ...drove you outta your small mind... Well teeny really, like your "masculinity"...

Seattle Slew wrote:

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.
The Labor Department's July employment report did little to settle the political debate about the economy, with Obama administration officials and Gov. Mitt Romney seizing on the latest data to bolster their campaigns with less than four months to go until Election Day.
Before Friday's report, economists were increasingly worried that a slowdown in hiring and growth from April through June could get worse and develop into something more long-lasting. Now they are breathing a little easier.
"After a string of disappointing economic reports ... we'll certainly take it," said James Marple, senior economist at TD Economics.
Stocks rose sharply in midday trading. The Dow Jones industrial average added 247 points to 13,126, while the broader Standard & Poor's 500 index rose 28 points to 1,393.
Who's been fired at Chick Fil A for their opinion ??? You proved nothing with respect to not being fired, liar McFred. Your former boss, came on here and said he fired your fry flipping McAss... LMAOROTFu~! Pot-kettle ..
You're my fired expert liar McFred, ever since the McFries line ...drove you outta your small mind... Well teeny really, like your "masculinity"...

Did the unemployment rate go up? Yes.

Is this Obama's problem? Yes.

Obama owns this miserable economy.

Seems like placing blame on Obama is your mission in life...Did you burn the fries or did Obama, be honest, racist moron !

Fired Liar McFred. Your former boss, came on here and said he fired your fry flipping McAss... LMAOROTFu~! Pot-kettle ..

Gee, liar fired McFred, just 15 minutes ago you said it was 8.3%...Then it's 15%, do you HAVE A CLUE ???... Keep spewing crazy numbers, maybe you'll get another moron/fired lair Mcfrier, to buy a bag...OF IT ~!

You're my fired expert liar McFred, ever since the McFries line ...drove you outta your small mind... Well teeny really, like your "masculinity"...

Seattle Slew wrote:

Seems like placing blame on Obama is your mission in life...Did you burn the fries or did Obama, be honest, racist moron !

Losers like you make claims they can never back up.

This is Obama's failed economy, just like his failed Presidency. If he had paid more attention to "being focused like a laser" on job creation, perhaps he would not have this mess to deal with.

As for your racist claim...another lie from the Sludge. Prove it. You never will.

Now I am not saying the Sludge is a child molester, but these are his words:

"Little boi, is my favorite toy but it sure breaks EZ ! LMAOROtfU~!"

I'm not saying I'm a molester either, but the way I own you(BUNCH OF IDIOTS)bois, SHOULD BE A CRIME.... Funny, if you believed your innuendo, you're an accomplice, since you'd had YOUR info ...HOW LONG ???

You proved nothing with respect to not being fired, liar McFred. Your former boss, came on here and said he fired your fry flipping McAss... LMAOROTFu~! Pot-kettle ..

Slew likes to deep throat,

This is more hope and change as the middle class gets wiped out.

Slew, is your nickname for your dog, I heard...How sweet you named your "girl friend" after me....

The hypocrisy of the "christian right" is always amusing, no matter how duplicitous your moniker mixing seems, your actions WILL BE JUDGED...

Unemployment trending UP Up UP UP..

Obama CLEARLY 100% responsible.

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.

Funny, placing blame on Obama, seem so important to the same poster who get threads deleted by the topix censors... When will the right blame RAWMONEY, for OUTSOURCING THEIR CHILDREN'S JOBS ???

Seattle Slew wrote:

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.
Funny, placing blame on Obama, seem so important to the same poster who get threads deleted by the topix censors... When will the right blame RAWMONEY, for OUTSOURCING THEIR CHILDREN'S JOBS ???

Can't you READ BOY?

Evidense IS CLEAR and Obama is in control!!

Unemployment trending UP Up UP UP..

Obama CLEARLY 100% responsible

EVIDENCE ??? Sure throw the boy word, dumb, racist child...

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.
Funny, placing blame on Obama, seem so important to the same poster who get threads deleted by the topix censors... When will the right blame RAWMONEY, for OUTSOURCING THEIR CHILDREN'S JOBS ?

Boy, FORWARD will bring higher UNEMPLOYMENT!!

If that's what you want vote FOR Obama!!

IF you see a need for for economic activity and fewer giveaways to buddies of Obama then vote Romney!!

Seattle Slew wrote:

Boy, FORWARD will bring higher UNEMPLOYMENT!!
If that's what you want vote FOR Obama!!
IF you see a need for for economic activity and fewer giveaways to buddies of Obama then vote Romney!!

Of course it will bring higher unemployment, which will bring bigger debt, which will bring more cries for government intervention, which will bring greater government controls over the private sector, which will bring the US economy closer to becoming a 3rd World Nation, which will mean more people being dependent upon the Federal Imperial Government for their very survival.

Dependence upon the government means total surrender to the whims and wishes of the rulers.

It is the Marxist way of life.

Geez, HE KNOWS you Fired McFred... Sounds like he knows your WIFE better...WE ALL DO !

Hey liar fired fred, WHAT rules is this nonsense ???

Poor McFired Mcfred, isn't your attack outta the Alinkski rules for radical's book ??? LMAOROTFu~!

Sure are GREAT at embarrassing yourself, it's the McFry MOMENT ALL OVER AGAIN, right ???

Seattle Sew wrote:

Geez, HE KNOWS you Fired McFred... Sounds like he knows your WIFE better...WE ALL DO !
Hey liar fired fred, WHAT rules is this nonsense ???
Poor McFired Mcfred, isn't your attack outta the Alinkski rules for radical's book ??? LMAOROTFu~!
Sure are GREAT at embarrassing yourself, it's the McFry MOMENT ALL OVER AGAIN, right ???

Keep showing the world why you got fired from the Post Office Sludge.

Now let's discuss the Marxist Obama and how badly he has screwed over the middle class tax payers in this country. 8.3% unemployment does not mean millions of upper income earners are out of work. It means millions of middle class jobs have vanished.

And yes...15.0% is the U6 unemployment rate. Look it up, loser.

So, I took fred to my crib and everything went well as planned

But when she got undressed, it was a big old mess, fred was almost a man

So, I threw him out, I don't fool around with no Oscar Meyer cocktail wiener

You must be sure that the girl is pure for the Funky Cold Medina

EVIDENCE ??? Sure throw the boy word, dumb, racist child...

Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
The economy has added an average of 151,000 jobs a month this year, although that's not been enough to drive down the unemployment rate, which ticked up to 8.3 percent from 8.2 percent in June.
Funny, placing blame on Obama, seem so important to the same poster who get threads deleted by the topix censors... When will the right blame RAWMONEY, for OUTSOURCING THEIR CHILDREN'S JOBS ?

Seattle Slew wrote:

Employers added 163,000 jobs in July

Wow, Sludge. Just how does Obama's BLS say that unemployment went up when you say employers added 163,000 jobs?

Are you saying Obama is lying? After all, you say everyone else is lying. Your world is one very strange little place, isn't it?

So, I took fred to my crib and everything went well as planned

But when she got undressed, it was a big old mess, fred was almost a man

So, I threw him out, I don't fool around with no Oscar Meyer cocktail wiener

You must be sure that the girl is pure for the Funky Cold Medina