When 'the economy' added a few tens of thousands of jobs this was trumpeted from the asses of the asses running the country (into the ground) as a sign that the economy was doing swell. Never mind that the vast majority of the jobs were actually just temporary census
BUT...
When those jobs disappear, the media, who was all hot and bothered by all them thar jobs Cap'n Obama was makin', suddenly shrug off their loss...m'eh, they were just temporary jobs that we knew were going away, not real jobs.
See, they're real jobs when Obama "makes" them, but they're not when they go away.
Nice to have your cake and eat it, too.
You can also apply this little lesson to the Cash-from-your-neighbor-to-buy-you-a-car program and the Cash-from-your-neighbor-to-buy-you-a-house programs. In each case the leap in sales during the handout period was trumpeted far and wide as wonderful 'stimulus' (because it's simply amazing that people will take 'free' money), yet, when sales smashed to earth leaving a smoking crater behind after the programs ended, it wasn't a big deal because the only reason they were high to begin with was the handout programs.
Isn't it great that we are actually being LED by people that utterly fail to grasp the significance of what they're doing?
They think it's STIMULUS to tax people through the nose then, essentially, give people some of their taxes back to buy things. But when a conservative proposes simply cutting taxes to begin with...well, that's just foolhardy "spending" that "we can't afford"!
Even worse, the institution given Constitutional protection from government interference right in the very first amendment so that it could act as a sort of independent 'watchdog' on the very same government that freed it to do so, has decided to become nothing more than the propaganda wing of the government it is supposed to be watching. Fox, hen house, some assembly required.
Stock futures mixed after weak jobs report
Stock futures gave up most of their early morning gains Wednesday and were trading in a narrow range after another disappointing report on the jobs sector.But the Vice
Payroll company ADP said private employers added just 13,000 jobs in June. That's well short of the 60,000 economists polled by Thomson Reuters forecast...
The ADP report is often seen as a precursor to the Labor Department's big monthly jobs report due out Friday. ADP's data only includes jobs created by private companies so it can vary widely from the Labor Department data, which also includes government jobs.
In fact, Friday's report is expected to show employers cut a total of 110,000 jobs in June. However, economists predict the net loss of jobs is tied primarily to the government laying off temporary workers that were hired to work on the 2010 census.
But with the weak report from ADP, there could now be major questions about how many jobs the government will say were added by private employers this month...
The weak jobs report falls into a trend that was seen throughout the quarter and helped lead to a brutal three-month stretch for the market. Heading into the final day of June, the Dow is down 9.1 percent for the second quarter. Investors have been routinely disappointed by economic data that showed the economy's recovery is slow and choppy.
Read that again...for the ENTIRE MONTH OF JUNE, private businesses added just 13,000 jobs. They put like 0.1% of those looking for work into a job or 1 in a 1,000. I can't wait to hear Obey-Won and the Debt-i's spin how positive this report is. It takes...what? Like
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