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Economy
Obama predicts U.S. job growth, economic improvement, chicken in every pot, tasty nickel cigars
2011-08-06
(KUNA) -- Speaking to American military veterans, U.S. President Barack B.O. Obama said Friday more job growth is needed and predicted the U.S. economy will improve over time.

Commenting on a Labor Department report that 154,000 jobs were created in July and the jobless rate ticked down slightly to 9.1 percent, Obama said, "We've got to do better than that." "We are going to get through this. Things will get better and we're going to get there together," he said.

Citing the recent U.S. debt talks, the Japan earthquake and tsunami, revolts in Arab countries and the European debt crisis as factors contributing to slack growth, Obama said this has been a tumultuous year. When the U.S. Congress returns to work in September, Obama said he wants politicians to move quickly on job-creating steps such as extending a payroll tax cut.

To get job growth back on a solid footing "no doubt will take some time," the president said.
Posted by:Fred

#9  POTUS BAMMER

versus

* CNN NEWS AM > Guest Pert > argued that the new DEBT DEAL + ITS COSTS, PROTECTION NUMBERS ARE DUBIOUS = "HOLLOW", WID NO RELIABLE MECHANISM FOR JOBS CREATION, JOBS MAINTENANCE [protection of curren Jobs], REDUCTIONS, OR REVENUE FLOWS, ETC, BEYOND THE YEAR 2013.

As per DOWGRADE OF US CREDIT RATINGS TO TO "AA+" FROM "AAA/AAA+", SAME > S & P = claims that EXCESSIVE "POLITICAL INFIGHTING" WIDIN THE US GOVT. OER DEBT, DEFICIT WOES IS WHAT LED S&P TO DOWNGRADE TO "AA+".

Read, BAMMER + GOP-DEM FAILURE TO DEV PLAN TO PERMANENTLY + FOREVER TURN DEBT, DEFICIT AROUND + STOP "SPEND SPEND SPEND" [-ing].

* FOX NEWS AM > In-house FOX ECON REPORTER = claimed that S & P is warning Fox News that US could face FURTHER CREDIT RATINGS DOWNGRADE FROM "AA+" AS EARLY AS NEXT SIX MONTHS = EOY 2011 NLT JAN 2012, DESPITE MSM REPORS OF NEW S&P REVIEWS TO OCCUR WIDIN NEXT TWO YEARS???

IIUC, IOW S & P is trying hard NOT to say iff China again downgrades its US rating to lower than "AA/AA+" by EOY 2011 = Jan 2012, S & P [Fitch, etc.??] MAY HAVE TO FOLLOW SUIT???

CHINA HAS THE BALL???
Posted by: JosephMendiola   2011-08-06 22:17  

#8  CincinnatusChili, I was watching el prez give a speech and he told a joke about military grade diapers...room erupted in laughter, it was a good joke...then Obama got the joke, and laughed himself. Could see it in the eyes as he re-read what he just said.

Look, our ship has grounded. Replacing the captain will ease concerns, but we also need a new captain who knows how to lighten the ship so we float again.

Want to blame the world, fine and childish. The world is chaotic and there will always be something going on...its not the classroom or lecture hall where everything is theory and air conditioning.

But thats not the point. The point is re-election is everything. If Obama fails to be re-elected it will be a repudiation of all these progressive laws and theories. If the entire Congress turns fiscally responsible as well than all these borg policies will be shitcanned. That is big time cola, expect everything to be tried in order to put a prog or prog-sympathetic president in (looks at romney).

Job creation, hokay, finishing a project and was working COGS, got to labor. Apparently I can do the paperwork or the labor at reasonable times - not both. I do not want to hire a person. Kansas is not a SUTA state but that does not matter, so I pay into a Federal Unemployment Tax pool theres a thousand bucks or so right there. I do not know if I will have to provide health insurance to this employee if those that could be an extra oh $700 per month. Not even to wages yet, the labor itself is mainly busy work so minimum wage is actually an over-pay.

So say that is a go, so what if my price per piece changes from $40 to $55 (maximum imposed price with profit margin @ hopeful volume). We have a Dim party wanting to raise taxes on profit generating people and companies...those are my suppliers, so my material goes up. EPA overregulating, wood materials go up, gasoline is evil so tax it, material price goes up. Shut down and prevent new power plants, utilities go up, etc.

Not even getting into having to hire a tax man or other specialist to make sure I comply with upcoming Federal policies.

My point in a toilet bowl, the uncertainty is Big Auntie Government instead of my workforce, which is bass akward.

Heh, say I make it, hottest new product, strike it rich. Fuckers will call me a rich profiteer and take my money to support wagyu steak dinners and jaunts to Spain. Sumsabitches. Yeah, exciting, sign me up for 12 hour days for untold time and luck to support that.
Posted by: swksvolFF   2011-08-06 17:37  

#7   Yes, You're lying to us, so what's new, you've been lying to America all along

Nah, Obama is honest, TOTUS is a liar.
Posted by: CincinnatusChili   2011-08-06 15:29  

#6  This guy is just so full of shi*t, he has no plan whatsoever does he... it'll all just get better?!
Posted by: Devilstoenail   2011-08-06 13:59  

#5  "To get job growth back on a solid footing" No doubt will take you gone, obama.
Posted by: newc   2011-08-06 11:22  

#4  get job growth back on a solid footing "no doubt will take some time," the president said.
Posted by Fred


Phueching worthless, kakbag, LOSER!
Posted by: Besoeker   2011-08-06 10:57  

#3  Yes, You're lying to us, so what's new, you've been lying to America all along.
Posted by: Redneck Jim   2011-08-06 10:16  

#2  " Speaking to American military veterans"?????

I will just bet it wasn't to a room full of uniformed Colonels who each commanded Regiments.

What do you bet it was to a roomful of VA hospital geezers with cheap ( made in China ) canes and no jobs?

wrinkled Khaki, cigarette stained knuckles and the smell of urine....no Divisional Eagles and Stars in that bunch. "Safe" veterans for Obama. Half blind and abandoned vets living on Social Security checks every second Wednesday of the Month.

Am I lyin' to 'ya?
Posted by: de Medici   2011-08-06 08:39  

#1  predicted the U.S. economy will improve over time.

"The moment I'm out of White House, Dow Jones will raise 10000 points." style of thing?
Posted by: g(r)omgoru   2011-08-06 01:27  

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