Friday, September 2, 2011

Obama.....same old, same old....he's a job destroyer...

This President doesn't have a CLUE what to do to create jobs...in fact most of what he HAS DONE has been a detriment to creating jobs....America is seeing right through him....All he wants to do next week is have a public relations event to give him something to try to run against for his reelection...God Knows he can't run on his record....

Bad Jobs Report Adds More Baggage to Obama Speech

By Chris Stirewalt Published September 02, 2011 | FoxNews.com

“Zero”

-- The number of new jobs added to the U.S. economy in the month of August according to the Bureau of Labor statistics.

In the worst monthly jobs report in nearly a year, the U.S. economy failed to add any new jobs in the month of August, further raising the stakes for President Obama’s long-promised jobs plan next week.

The overall unemployment rate held steady at 9.1 percent as many of the long-term unemployed gave up looking for work and dropped from the rolls, but the trend for the economy looks increasingly negative.

Remember, the economy needs to add some 150,000 jobs per month to keep pace with population growth. To reduce the unemployment rate to the below 8 percent promised by the Obama administration in selling the 2009 stimulus package in time for Election Day, the economy would need to add more than 275,000 jobs a month. Zero jobs means losing lots of ground.

Economists had projected that the economy would add something less than 100,000 jobs, which would have allowed the president to maintain his campaign posture of saying that the economy was growing, but not fast enough.

With that argument wiped out and his own budget office forecasting on Thursday that unemployment would remain at dire levels well into next year, the president finds his long-promised jobs pitch groaning under impossible expectations.

The speech, promised for nearly a month by a defensive White House, was already freighted with expectations. The drama increased, as did the degree of difficulty, when the president was rebuffed in his bid to blow out next week’s Republican presidential debate at the Reagan Library.

Now Obama finds himself giving a speech not just preempted by the GOP but also in accordance with the schedule of the NFL. The president will address Congress at 7 p.m. Eastern (4 p.m. Pacific) on Thursday so as not to interfere with the Packers and Saints kickoff.

With limited policy options and a diminished platform, Obama faces a tough task at a moment of political crisis for his presidency.


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