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Posts Tagged ‘The Obama Boom’

An Obama Boom propaganda piece

by Phantom Ace ( 1 Comment › )
Filed under Economy, Headlines, Misery Index at April 2nd, 2011 - 8:01 am

With yesterday’s modest job report, The Progressive media is in full propaganda swing. They are trumpeting the report as a sign that things are great in America. Also,  they are claiming it gives the Obama regime ammo against the GOP in budget talks. The theme is, borrowing money creates jobs.

It’s very interesting that the jobs number today has the US economy gaining 216,000 jobs in March. The private sector number was better, at 230,000. Those 14,000? A few Wisconsinites, probably, and other luckless public employees, directly impacted by the budget cuts.

Anyway, why is 216,000 so interesting? Because according to this guy, the economy will need to gain 215,000 jobs every month between now and election day for the unemployment rate to go below 8% by that time. This writer, James Pethokoukis of Reuters, goes on to note, quoting analyst Matt McDonald of Hamilton Place Strategies:

So Walmart jobs are the new norm. Welcome to 3rd World America.

Obama Boom: Consumer Confidence drops in March

by Phantom Ace ( 5 Comments › )
Filed under Economy, Headlines, Misery Index at March 29th, 2011 - 5:30 pm

The historic Obama Boom continues to roar! The greatest economic expansion since the death of Genghis Khan, continues to produce dazzling results. Consumer confidence fell sharply in March due to increasing inflationary pressures. As the cost of food and fuel continues to rise, people’s incomes are not. This is leading to people cut back spending as prices rise for basic necessities.

NEW YORK, March 29 (UPI) — U.S. consumer confidence dropped in March after two months of gains, the Conference Board said Tuesday.

The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, fell from 72 in February to 63.4 in March. The Expectations Index, measuring consumer confidence in the economy six months down the road, fell from 97.5 a month ago to 81.1.

The greatest economy in the history of humanity continues to boom!

Great pay coming our way this Summer thanks to the Obama Boom!

by Phantom Ace ( 135 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Media, Misery Index, Progressives at March 24th, 2011 - 2:00 pm

The greatest economic expansion in 30,000 years continues to roar! The historic and once in a lifetime Obama Boom will turn 2 years old this summer! In celebration of this historic period of prosperity, employers will be hiring more seasonal jobs this summer. As an added bonus to celebrate the good times, the pay will be even better than the last couple of years!

NEW YORK (CNNMoney) — After suffering through several years of dismal summer job markets, not only will there be more hourly positions this year, but they will pay better.

More than half of hiring managers, or 55%, said they plan to hire seasonal workers this summer, according to the survey released Thursday from hourly job site SnagAJob.com. That’s the highest percentage since SnagAJob started the survey four years ago.

[….]

Those who score summer jobs will be paid better, too. Hiring managers said they plan to dole out $10.90 an hour, on average, a 7% increase over last summer’s $10.20.

Read the rest: More summer jobs – and they’ll pay better

This srticle would be very funny if things weren’t so bad. You can bet if it was a Republican President, the media would be hammering on anemic job and wage growth. Gas prices continue to climb, so that 50 cent increase is wiped out before the summer even gets here. You can also bet that many these summer jobs will not appear due to rising energy costs. No one knows how much higher oil will go up. yet it will not matter, the media will still decleare how great things are and that we should be grateful for Obama’s policies. There is an election in 2012, so they need to create a perception of good times. Never mind rising costs and staganat pay, don’t pat attaention to that.

The Obama Boom is