Unending Woeful Economic News Socking Obama Administration - UPDATED!
... but look on the bright side. The elite media is talking up the 'recovery'.
UPDATE - Economy is losing more jobs than people are getting jobs while another $150,000 leave the workforce, giving up:
(CNSNews.com) - There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.
Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.
In June, according to BLS, there had been 142,415,000 people employed in the United States. In July, that dropped to 142,220,000--a decline of 195,000 [WSJ LINK - Editor].
Similarly, in June, there were 155,163,000 people in the civilian labor force in the United States. To be counted in the civilian labor force, person must be 16 years old or older, not be in the military, prison or a mental institution, and either have a job or have actively looked for a job in the past four weeks.
In July, the number of people in the civilian labor force was 155,013,000--a decline of 150,000 from June.
Senate Votes to Raise Taxes on Small Businesses:
Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike.
This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working.
Americans Getting On Disability Now Outpacing Americans Finding Jobs.
It still hasn't bottomed out. In June housing sales dropped 8.4%.
New durable goods orders dropped 1.1%.
Business owners have no confidence in Obama and just wont hire until he is gone.
Census numbers show 200,000 small businesses closed from 2008-2010.
Rising corn prices at record levels (and are causing food riots overseas and much of this is due to bad energy policy).
U.S. economic growth slows in second quarter.
Ten bad economic indicators.
And 20 more bad economic indicators (read this one).
Some more bad news linked on DrudgeReport:
Just 80,000 jobs added in June...
85,000 WENT ON DISABILITY IN JUNE!
Broader Jobless Rate At 14.9%...
Unemployment rate for blacks jumps to 14.4%...
Rate stuck at 11% for Hispanics...
780,000 Fewer Women Employed Under Obama...
Romney: 'It Doesn't Have To Be This Way'...
'Kick in the gut has got to end'...
Anxiety mounts as economy limps into 2nd half...
Team Obama predicted 5.6% today with stimulus...
IMF to cut global growth forecast...
REPORT: Foreclosure crisis hits older blacks, Hispanics hardest...