Obama's Economic Success is a Mirage

[DSK]

It is built upon massive deficit spending and lies:

Lowest job creation in 5 years and unemployment goes down substantially!!!

Sounds like bullshit to me!!

Jobs Report: U.S. Adds Just 38,000 Jobs In May, Unemployment Rate Down To 4.7%

The employment picture took a turn for the worse Friday with new data showing the weakest payroll gains in nearly six years. Meanwhile, the unemployment rate dropped to its lowest rate in nearly nine years as people abandon the labor force. Adding to the confusion is other recent data that has suggested consumers are feeling good.

A report out from the Bureau of Labor Statistics Friday shows employers in the United States added only 38,000 jobs last month, the smallest gain since September 2010. The BLS report also shows that in May the unemployment rate declined to 4.7%, the lowest rate since November 2007. The rate had been at 5% in March and April. These results were far off economists’s already tempered expectations for about 155,000 jobs added and for the unemployment rate to decline to 4.9%.

The cause of the mixed top-line picture is a shrinking workforce. The labor force participation rate decreased to 62.6%, from 62.8% in April. As a result, in May 7.4 million Americans were unemployed, down from 7.9 million in April. “It seems like in all gains we had seen in the winter months got reversed,” said Satyam Panday, U.S. economist at S&P Global Ratings, in an interview. While it is fairly common to see big swings in participation rates, Panday says this time may be a sign of trouble since employment gains were so weak.

Harry Holzer, a professor of public policy at Georgetown University and former chief economist for the U.S. Department of Labor, described the participation decline as particularly “disappointing” after a few months in a row of people “trickling back in.” He noted in an interview that neither retiring Baby Boomers, nor the Verizon Communications VZ +0.16% worker strike can explain away the weak numbers in this report.


http://www.forbes.com/sites/samantha.../#170988c016da

[Munchmasterman]

Originally Posted by DSK

It is built upon massive deficit spending and lies:

Lowest job creation in 5 years and unemployment goes down substantially!!!

Sounds like bullshit to me!!

Jobs Report: U.S. Adds Just 38,000 Jobs In May, Unemployment Rate Down To 4.7%

The employment picture took a turn for the worse Friday with new data showing the weakest payroll gains in nearly six years. Meanwhile, the unemployment rate dropped to its lowest rate in nearly nine years as people abandon the labor force. Adding to the confusion is other recent data that has suggested consumers are feeling good.

A report out from the Bureau of Labor Statistics Friday shows employers in the United States added only 38,000 jobs last month, the smallest gain since September 2010. The BLS report also shows that in May the unemployment rate declined to 4.7%, the lowest rate since November 2007. The rate had been at 5% in March and April. These results were far off economists’s already tempered expectations for about 155,000 jobs added and for the unemployment rate to decline to 4.9%.

The cause of the mixed top-line picture is a shrinking workforce. The labor force participation rate decreased to 62.6%, from 62.8% in April. As a result, in May 7.4 million Americans were unemployed, down from 7.9 million in April. “It seems like in all gains we had seen in the winter months got reversed,” said Satyam Panday, U.S. economist at S&P Global Ratings, in an interview. While it is fairly common to see big swings in participation rates, Panday says this time may be a sign of trouble since employment gains were so weak.

Harry Holzer, a professor of public policy at Georgetown University and former chief economist for the U.S. Department of Labor, described the participation decline as particularly “disappointing” after a few months in a row of people “trickling back in.” He noted in an interview that neither retiring Baby Boomers, nor the Verizon Communications VZ +0.16% worker strike can explain away the weak numbers in this report.


http://www.forbes.com/sites/samantha.../#170988c016da

This from the guy who made $15000 in an afternoon he also spent insulting the sensibilities of conservatives, liberals, and those who fall somewhere else in the spectrum
But at the same time he gives hope and shows that no matter how deep in shit you are, no matter how many times you have lied your ass off, no matter how many questions germane to the subject, to his "reasoning", or to his sources he has ignored, you can continue to pretend you are relevant on this board.
Yes brave people, take this example of toxic human waste and keep it as a reminder that racists who suck cock (not because they are gay but because they like to and they feel cheated the gays get to do something they don't) and subvert our constitution on this board may not try to subvert our constitution in public as they are inherent cowards,

A data point from the leading flat found on a bell curve doesn't change positions, right douche-bag?

[JD Barleycorn]

So you're saying the economy is great Munchkin? A simple yes or no will suffice.

[DSK]

Originally Posted by Munchmasterman

This from the guy who made $15000 in an afternoon he also spent insulting the sensibilities of conservatives, liberals, and those who fall somewhere else in the spectrum
But at the same time he gives hope and shows that no matter how deep in shit you are, no matter how many times you have lied your ass off, no matter how many questions germane to the subject, to his "reasoning", or to his sources he has ignored, you can continue to pretend you are relevant on this board.
Yes brave people, take this example of toxic human waste and keep it as a reminder that racists who suck cock (not because they are gay but because they like to and they feel cheated the gays get to do something they don't) and subvert our constitution on this board may not try to subvert our constitution in public as they are inherent cowards,

A data point from the leading flat found on a bell curve doesn't change positions, right douche-bag?

You are so thick headed it is ridiculous!!

Voting in a new class of politicians is not subverting the constitution!

The topic of the OP was not addressed by your stupid rant, either, BTW.

Obama is lying about his economic record, and you are too stupid to see it, or too willfully blind.

[Rey Lengua]

Originally Posted by DSK

You are so thick headed it is ridiculous!!

Voting in a new class of politicians is not subverting the constitution!

The topic of the OP was not addressed by your stupid rant, either, BTW.

Obama is lying about his economic record, and you are too stupid to see it, or too willfully blind.

Reckon he might be the Austin reach-around crew's newest member ?

[DSK]

Originally Posted by Rey Lengua

Reckon he might be the Austin reach-around crew's newest member ?

He would fit in nicely with those dick sucking faggots!

[IIFFOFRDB]

munkin thinks Venezuela is doing great... just like his daddy the 0zombie King

This Is What The Tap Water Looks Like In Venezuela

Tyler Durden's picture
by Tyler Durden - Jun 3, 2016 4:55 PM
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One week ago, we showed what the maximum amount of money one can take out of a Venezuela ATM machine looks like: the good news, one still doesn't need a wheelbarrow to transport it (if only for the time being: with hyperinflation now rampant, it's only a matter of time); the bad news: this is the equivalent of $25.





Now, thanks to AP's Hannah Dreier, we get a glimpse at the other kind of socialist "liquidity" and step aside Flint, because Caracas has some funky orange stuff flowing out of the tap to offer to those who are thirsty after a day of rioting against a entrenched, dictatorial regime. It appears that Venezuela's Guri dam, which is so empty it caused the country to give public workers a "five day weekend" as it can't generate enough electricity to keep the country running, has finally run dry.





Sadly, not only do the people of Venezuela have to wait for 7 hours in line just to get access to food (if they are lucky), or failing that simply storm supermarkets looking for scraps, they now have to drink whatever is in that glass. Adding insult to injury, once the inevitable food poisoning hits, there is no toilet paper either.

We wonder if Maduro will take a page out of his ideological peer from the north, and chug a glass of whatever this is to demonstrate to everyone that it is safe to drink...

[Rey Lengua]

Originally Posted by IIFFOFRDB

munkin thinks Venezuela is doing great... just like his daddy the 0zombie King

Reckon if a feller was to charter a cargo ship and load it with toilet paper and bottled water and heave up to a Venezuelan port, he could make a mint ! All transactions paid for in gold, of course ! And this country is one the Babblin Bernie supporters want US to be like ? !

[JD Barleycorn]

At some point people get enough information to see the con. 150,000 jobs LESS than needed to stay even and unemployment goes down? Can't you see where the rabbit is hiding before it is pulled from the hat?

[DSK]

Originally Posted by JD Barleycorn

At some point people get enough information to see the con. 150,000 jobs LESS than needed to stay even and unemployment goes down? Can't you see where the rabbit is hiding before it is pulled from the hat?

I hope they see through it, but there are none so blind as those that will not see.