http://online.wsj.com/article/SB10001424052702303544604576433541086114816.html?mod=WSJ_hp_LEFTTopStories
"Nonfarm payrolls rose 18,000 last month, far less than expected, as small gains in the private sector were just enough to outweigh continued government-job losses, the Labor Department said Friday in its survey of employers. Payrolls data for the previous two months were revised down by a total 44,000 to show increases of only 25,000 jobs in May and 217,000 in April.
The jobless rate, which is obtained from a separate household survey, increased for the third straight month to 9.2% in June from 9.1% in May. It was the highest level since December 2010. There are 14.1 million Americans who would like to work but can't get a job.
Economists surveyed by Dow Jones Newswires had forecast payrolls would rise by 125,000 and the jobless rate would remain steady at 9.1%.
The choppy two-year-old recovery is proving to be one of the worst since the 1930s. It has been too slow to make up for all the jobs lost after the financial crisis of 2008 and 2009. With little scope left for policy to help, President Barack Obama is likely to confront the highest unemployment rate of any postwar incumbent when he seeks re-election in the fall of 2012."
Obama will take to the podium in a few moments and double down on stimulus spending also citing economic uncertainty due to the debt ceiling. He will also intensify his all out war on small businesses and corporations via his corporate jet rhetoric. Absolutely none of this makes any sense whatsoever economically.
If you look at the district in Illinois Obama represented in the United States Senate, you'll find it in a state of economic ruin. He did nothing to better the lives of his constituents. Quite the opposite. His spreading of wealth is resulting in large scale equalization of misery.
Mr. Obama's lack of basic economic knowledge or his refusal to exercise thereof is reaping havoc on our country. Whether he is ignorant or wrecking any hope of recovery on purpose we are fucked either way.
The same "white guilt" voters that in large part elected this man are absolute fools. If a good conservative black man or woman ever makes a serious run for the White House again these same brain fucking dead morons will not vote for him or her because they will think "remember what happened last time." So guys like J.C. Watts, Alan Keyes or Herman Cain for that matter stand no chance in our lifetime of ever getting elected to the highest office in the world and you can thank the current occupant of the Oval Office for that. Obama has done more to set back race relations in a few short years then any single individual in modern history.
Wall Street against Main Street. Rich against poor. Blacks against whites against Hispanics against Asians. Old against young. His war on business. He rails against "corporate jet owners" while jet-setting Michelle and their children all over the world at corporate and individual tax payers expense having no sense of shame whatever. They tell us what to eat then chow down on $100.00 per pound Kobe beef and lobster. Big Oil, evil insurance companies, big pharmaceutical, corporate fat cats, there is no limit to the straw men this radical activist won't sacrifice to advance socialism.
We have a long way to go in public sector lay-offs this year and next. That is the only silver lining in what is known a the great experiment in failure, "Obamanomics."