US Headed in "Right Direction," Mr. President?

John Lillipop | June 1, 2012 




 
 
By John W. Lillpop
 
 
For several months, President Obama and others in his administration have deflected criticism over the awful economy by citing credit for minor improvements in unemployment, mostly due to people leaving the employment market rather than actual progress.

The standard line has been "We are moving in the right direction," a disgusting way to refuse to accept responsibility for an economy trapped in the clutches of progressives whom simply do not understand the economy or the American people.
 
 
The Obama "Right direction" took a major hit on June 1 with release of the May jobs report.
 
 
As indicated at the reference:
 
 
WASHINGTON (AP) -- The U.S. economy suddenly looks a lot weaker.
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up.
The dismal jobs data will fan fears that the economy is sputtering. It could also damage President Barack Obama's re-election prospects. And it could lead the Federal Reserve to take further steps to help the economy.
The Labor Department also said Friday that the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created. The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months.
Dow Jones industrial average futures, which were already down 100 points before the report, fell an additional 100 points within minutes of its release. "
This is "Headed in the right direction," Mr. President?


Contributor's website: http://voiceoflillpop.blogspot.com/



Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Please Note: The comments section is for both the registered users of this web site as well as non-registered users. All wishing to post comments must comply with our Commenting Rules or risk having their comments stricken. Comments do not necessarily reflect the views of the ownership of this site and should not be taken as such just because they are visible and posted here.

Leave a Reply





  • American Conservative Daily is owned and operated by J.J. Jackson, President of Land of the Free Studios, Inc.