Buzzkill: Bad Jobs Report
 

Obama's speech sucked anyway, it was just a call for bigger government, more spending, another chance after failing in his first years, and not one new idea.

Any bounce that he could have gotten from it was squelched by another disaster jobs report. Just an increase in 96,000 nonfarm payroll jobs which was below expectations and doesn't even keep up with the population growth. The unemployment rate dropped to 8.1% due to more discouraged people giving up on looking for a job. Is that Obama's strategy to reduce unemployment? If it is, he is doing a great job!

He has his devoted followers in tears last night - after that jobs report more of us can now cry.

the monthly reports aren't what we need to see. and then they typically get revised downward later. job growth isn't even keeping up with population growth-we need a lot more to keep up with both that and replacing jobs lost.

and yeah, full details not out yet-but one must assume with the anemic jobs added that unemployment dropped because job seekers dropped out of the search.

http://economywatch.nbcnews.com/_new...in-august?lite


read it and weep.





The Labor Department reported Friday that the economy created a tepid 96,000 jobs in August, well below the 125,000 expected by economists and a far stretch from the plus-250,0000 needed to show robust growth. The unemployment rate slid to 8.1 percent from 8.3 percent as more Americans gave up looking for work.


of course obama fans will yell 'look at the lower unemployment rate!!! it's fantastic!' without looking at why it's lower. just push that aside with all the other negative bs. after all, rose-colored glasses evidently come with blinkers so that you can't see all the ugly detritus laying in the periphery.

like i said:


"Republicans and Democrats will seize on Friday's numbers—the economy has added jobs every month since September 2010, though the pace has been uneven and the recovery remains tepid. Job growth has averaged 139,000 a month so far this year, compared with 153,000 in 2011."

The government also revised June and July's jobs numbers downward to show that the economy added 41,000 fewer jobs in those months than first thought.

http://www.slate.com/blogs/the_slate..._percent_.html

Here comes QE3.....

Think about it. Democrat or Republican it doesn't matter. Business nowadays is about finding labor; all kinds of labor offshore for cheaper and cheaper rates. No amount of tax reductions, relaxation of regulations is going to change how corporations operate. And those of you that feel safe in your jobs or even have your own business well you are kidding yourself. As less and less money is available for the majority the less they can spend on any goods and services produced. Remember one companies wages are another companies revenue. You will be affected negatively it is only a matter of time. The only way to change it would be to regulate how much work can be shipped overseas and make it expensive when you do so. That can't happen because those VERY few that obscenly profit from it buy those that make the rules. They have basically checkmated capitlism as we used to know it and we are in a death spiral and those that think their party will fix it are simply whistling past the grave yard.

I agree, but ask yourself what has the current administration done to create any type of job growth or prohibit companies from shipping jobs overseas? Last I checked he made Jeffrey Immelt the jobs Czar. How many jobs has GE shipped overseas? How much money was spent to try and create jobs with little to no sucess? Heck Nancy Pelosi believes that unemployment compensation creates jobs. I guess things could have been worse without government involvement, but anyone who deems this administration a success in creating jobs or job growth is kidding themselves....

You missed my point entirely since you still are naive enough to think the Bloods or the Crips will change anything. I wish I were naive, it is better then the hopelessness in the way I see it. Jeffery Immelt as a jobs czar is a joke almost as bad as Mitt Romney aka Bain capital. Buy a company, fire employees, sell company... An equally if not worse person to be in charge.

I am not ready to throw the towel in yet. Yes all politicians are crooks and liars. Corporations are in it for the $ and will ship jobs overseas. We know the current administration's policies and what they have done. Will Romney/Ryan be better? It is yet to be seen, but your choice is to say we are doomed, stick with what hasn't worked or hope by some miracle that the GOP changes this at least to some degree. To me it is always the lesser of 2 evils.....

The big issue is the govetnment is in bed with big banks/ investment firms. These companies buy out all the major players of the industry slash pricing or do billing etc... and kill the mid level distributers. This in turn kills the smaller companies and all but haults start-ups. This is why the economy is dying. Big banks/investment firms are in the polititions pockets and are killing all but the biggest companies.

They sure changed things during the last administration that's for sure. I don't think you will get many that disagree with you there.

actually if you want to really look back go back to the Clinton years and you will see the real truth

http://www.epi.org/publication/bp188/

So you are telling me something I didn't already know? Both parties/candidates are a joke. Tell us how the GOP will create jobs this time around since they lost Millions the last time they were in charge? Tell us how they will make it better.

too true. and romney's position is to loosen bank regulations even more. what will that do??? we don't need banks running rampant again/still!! they need to put glass/steagall back in action.

and it wasn't that favorite target of dems, george bush, who signed that law removing g/s. that would be bill clinton. yeah, it's all bushes fault the economy took a sh!t. :rolleyes:

but yeah, the real problem is that poLIEticians are in it for the money. and us middle class peasants aren't the ones with the money.

good luck with that. repubs can't make it better. or they won't. it's whatever puts the most :$: in their pocket that they're worried about.

that is a fine line you need with banking regulation. Too much regulation like we have today and there is no risk taking in business or consumer lending. Too little regulation and we get what we had in the early 2000's. Dodd/Frank went way too far and is not helping the consumer at all just putting more money in the government and the banks pockets

I didn't say they would make it better did I? I said that we know the path that we have seen in the last 4 years, we know the past presidents issues Bush, Clinton etc. We can choose to just quit and become part of China, or we can choose to continue with what the dems are doing or we can hope that the GOP will change things. This country really needs a good viable 3rd party that will act in the best interest of the citizens of the country. That is the hope and change we really need, but will never get.

there's more on the way. a bank just announced that with all the new regs coming down, it's not going to be profitable for them to keep doing business so they're closing the doors.
but what's happened is that the regulations are killing all the small ones-but not the big banks they'll benefit immensely. but like i said, follow the $. it's always about the money.
thing is, it would be pretty easy to get things back to where they need to be-but those with the true power don't want that to happen.

almost makes me just say forget it, and start watching that boo boo show, or dancing with the stars and not read the news anymore.

agree. I am just glad the NFL and college football are back......