"Last month, however, we slipped back, losing more jobs than we gained, though the overall trend of job loss is still pointing in the right direction."—president Barry Hussein Soetoro
American employers eliminated 4.2 million jobs in 2009 and sent unemployment soaring into double digits for the first time in more than a quarter century.
Since the fall of last year, the official jobless rate has been over ten percent, while the unofficial rate (taking in the severely underemployed and those who have given up looking) has been over 17 percent.
And, despite the ridiculous "green-shoots" speculation of the Obama administration and overblown "recovery" fantasies of the financial media that has blown every major economic story of recent years, the situation is getting worse—John Nichols,the Nation (see source)
That singular attribute will be his legacy. And that my fellow Americans is the essence behind the “Change” of the Hope and Change slogan. Because of that; Merriam-Webster’s dictionary, the Constitution of the United States of America or the rule of law doesn’t apply to president Soetoro in his own mind. For that matter no reasonable debate or arguement is valid unless of course the redefinition lexicon of Barry Hussein Obama is applied thoroughly. (see previous post for example)
Not since Michael Jackson’s redefinition of the word “Bad” in the 1980’s have we seen such an attempt to defy logic as we’ve seen with the Barry Hussein Soetoro’s administration’s attempts to put a positive spin on a failing economy and dying jobs market.
Come on, in Michael Jackson’s case did you really think that the word bad really meant good? And did you think that the eyeliner, the Jeri curled hair, the black leather Dominatrix outfit and the knee-high black silver tipped boots made Michael Jackson “Bad” or “Good” or whatever expression that he was attempting to pull off in the most campy video this side of the super campy 1960’s TV series “Batman.” Bam! Pow!
Michael Jackson was “Bad” like Adam West was the Batman like president Soetoro’s job numbers are “pointing in the right direction.” (see 21sec video)
Right direction? The only thing going in the positive direction is the bank bailouts that a Democrat control Congress and Barry Hussein Soetoro manipulatively put in place at taxpayer’s expense. We were warned by the Democrats that if we didn’t just shut-up, bend over and take it the financial markets would suffer their own cataclysmic global warming event. Remember that?
Because of what Democrats and Soetoro did with tax payer’s money Goldman Sachs is set to have one of its most profitable years in its 141-year history (in the middle of a recession) and is expected to pay its employees bonuses on average of about $595,000 apiece for 2009. While you and I face 10 percent unemployment (much closer to 17 percent) and talk of a second stimulus plan because obviously the first $787 billion dollars was not spent on job creation as Democrats promised. Oops another Democrat promise that wasn’t true.
At least Soetoro didn’t promise to broadcast daily job updates on C-Span, although the president does have that nifty jobs website with all of the made up (made up means "falsified" check Merriam) job numbers and the made up congressional districts in which the made up jobs occurred. (see here and here
Despite calls for restraint from Washington and a chafed public, resurgent banks are preparing to pay out bonuses that rival those of the boom years. The haul, in cash and stock, will run into many billions of dollars.
Goldman Sachs is expected to pay its employees an average of about $595,000 apiece for 2009, one of the most profitable years in its 141-year history. Workers in the investment bank of JPMorgan Chase stand to collect about $463,000 on average.—LOUISE STORY and ERIC DASH, the New York Times (see source)
According to John Nichols, present unemployment is real and is a devastating social reality for those experiencing it. Nichols says, unemployment is a frightening economic reality for those who still have jobs but who wonder whether their jobs are threatened – and who constrain their spending and lifestyle choices accordingly.
President Soetoro says that the overall trend of job loss is still pointing in the right direction so I suppose that, that’s good? Or is that bad?
Wow! President Soetoro just did a verbal moonwalk with his rhetoric on jobs! That was BAD man! Really, really bad.