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The AP: Economy Has Been Flagging For Months

Miguelito

Miguelito

Council Member
Well it is about time

Seems someone at the AP has a firm grasp on the f'ing obvious

Now the usual suspects will step up and try to pass the buck and blame someone else or something other then Obama's supreme incompetence

WASHINGTON (AP) -- For months, the U.S. economy's strength has been flagging.
Manufacturing slowed. Fewer homes were built. Cheaper gas failed to ignite consumer spending. Yet month after month, employers kept on hiring vigorously.
In March, the economy's slump finally overtook the job market.
Employers added just 126,000 workers - the fewest since December 2013 - snapping a 12-month streak of gains above 200,000. At the same time, the unemployment rate remained at 5.5 percent.

http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2015-04-03-14-57-23
 
The truth is that the only segment of the economy that produced all the net new jobs since the financial crisis was the oil and gas industry:

http://www.zerohedge.com/sites/defa...3303/imageroot/2014/12/20141202_shalejobs.jpg

And that was arguably due to the Fed's asset bubble driving up the value of oil (and the cost of junk bonds to fund fracking operations down):

http://www.ft.com/intl/cms/s/0/bcf2e924-ac82-11e4-9d32-00144feab7de.html#axzz3WM8K4Wwu

And now thanks to the strong dollar (as a result of the Fed removing weak currency support operations), and the efforts of our "friends" in Saudi Arabia, those jobs are evaporating:

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/03/layoffs by state_3.jpg

And the intense irony is that Obama has always attempted to take credit for the economic growth that occurred as the result of a boom in an industry he would love to outlaw, and better yet, just as it appears to have gotten just good enough that he could claim "mission accomplished" on Obamanomics, it is all coming apart at the seams:

http://www.politico.com/story/2015/04/obama-us-economy-march-2015-116651.html

Hahahahaha!
 
and the first quarter GDP may hit 1%; the left is doing all they can to destroy the energy sector, Dems want to jack up taxes, and Obama's EPA wants more job killing regulations

Hell Iran does not have to try and wipe out America - Obama is doing it for them
 
More Doom and Gloom from the Tea Party Loons...Much of America is doing great!...Yet these idiots say the sky is falling....Morons
 
Saladin2 said:
More Doom and Gloom from the Tea Party Loons...Much of America is doing great!...Yet these idiots say the sky is falling....Morons
Click to expand...
I think you need a serious laxative. All of your posts scream "constipation".
 
the left has to fabricate stories of racism and bigotry like the pizza shop owners so as to obfuscate the truth about their failed policies..

they are nothing if not predictable...
 
oicu812 said:
the left has to fabricate stories of racism and bigotry like the pizza shop owners so as to obfuscate the truth about their failed policies..

they are nothing if not predictable...
Click to expand...

And when all that fails, there's always the last refuge of failed Keynesians - war!
 
Saladin2 said:
Republican/Tea Party loons are upset the Richer are getting wealthier????...BULLSHIT
Click to expand...

It's not just that the failure of Obamanomics is making the rich vastly richer (as the fed seeks to offset his fiscal failures with record levels of monetary easing that in the face of the anti-capitalism of Obama's policies simply is used to buy existing assets rather than create new ones). The REAL outrage is that thanks to Obamanomics' killing of economic opportunity, the rest of us are getting poorer:

http://content.gallup.com/origin/ga...Production/Cms/GMJ/ciavniuad06fxohwao4d3a.jpg

https://smaulgld.com/wp-content/uploads/2015/03/labor-force-participation-rate-25-54-march-2015.png

http://www.advisorperspectives.com/...household-income-for-inflation-1967-chain.gif

It is what it is and what it is is a catastrophic failure of the Obama agenda...
 
Well at least the Republican Congress is out fighting to get rid of Tax dodges, raise the minimum wage and increase workers benefits...Oh wait a minute...They aren't doing anything like that...In fact they are against any kind of reform on the 1%...You are a babbling fool
 
Miguelito said:
and the first quarter GDP may hit 1%; the left is doing all they can to destroy the energy sector, Dems want to jack up taxes, and Obama's EPA wants more job killing regulations

Hell Iran does not have to try and wipe out America - Obama is doing it for them
Click to expand...

and with Θ kissin' Iran's ass......now they will flood market with 30,000,000 barrels of oil and unemployment will go up in America and down in Iran.
Θ does more for ME than he does for America
 
Saladin2 said:
More Doom and Gloom from the Tea Party Loons...Much of America is doing great!...Yet these idiots say the sky is falling....Morons
Click to expand...
Eh please read slower. This is from the AP and it is based on the current numbers on the "Obama economic recovery". As you sneer to so many here: deal with it
 
Last edited:
Saladin2 said:
Well at least the Republican Congress is out fighting to get rid of Tax dodges, raise the minimum wage and increase workers benefits...Oh wait a minute...They aren't doing anything like that...In fact they are against any kind of reform on the 1%...You are a babbling fool
Click to expand...
Like increasing the cost of doing business and the Feds confiscating more money from the producers will improve the Obama economy?

Did you forget all the tax increases Obama has already gotten since talking office?

Apparently so. It is clear with liberals government never has enough of other people s money
 
Saladin2 said:
Republican/Tea Party loons are upset the Richer are getting wealthier????...BULLSHIT
Click to expand...
and the wealth gap has reached record levels under your guy Obama

The next time you babble on about the rich getting richer take a look at the Dems biggest backers - the unions

Compare the income for the union bosses like Jimmy Hoffa to the average union worker on the front line.

Or someone like Chris Matthews. I hear him al the time talk about how workers are under paid. well why doesn't he give up part of his pay and have it divided up among his staff and production crew?

Oh that's right. Libs demand OTHERS do thing and exempt themselves
 
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