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Thank you Obama Pt. II

by Phantom Ace ( 132 Comments › )
Filed under Economy, Humor, unemployment at November 5th, 2011 - 2:00 pm

Friday’s Jobs report showed the economy only added 80,000 jobs in October. This is anemic number. But to the Obamabots at Politico, this is a great economic news. They thank Obama for 80,000 new jobs. The very same people who 2005 attacked Bush for his “anemic” 150,000 jobs.

Read the Comments at Politico.

The Obamabots are delusional fools. The problem is we are talking about 40% of the country. 150,000 jobs a month under Bush was anemic. 80,000 under Obama is now terrific. These are fools. The Obama Boom is amazing!

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Posted in Economy, Humor, unemployment | 132 Comments »

The Obama Boom: Manufacturing and Construction spedning slow Unexpectedly!

by Phantom Ace ( 2 Comments › )
Filed under Business, Economy, Headlines at November 1st, 2011 - 5:28 pm

The media was praising the 2.%% 3rd Quarter GDP as proof the economy was booming. The market rallied as well and the Obama Regime was saying good times are here. As usual, reality intrudes on the Obama Boom theme. Manufacturing and Construction declined last month. More evidence, there is no Obama Boom.

The pace of growth in the U.S. manufacturing sector unexpectedly slowed in October while growth in U.S. construction spending also slowed in September, according to a reports released Tuesday.

The Institute for Supply Management (ISM) said its index of national factory activity dipped to 50.8 from 51.6 the month before and missed expectations of 52.0, according to a Reuters poll of economists.

[….]

Growth in U.S. construction spending also slowed in September as governments cut back on building and maintaining schools and public transportation, a government report showed on Tuesday.

Total construction spending rose 0.2 percent to an annual rate of $787.21 billion, the Commerce Department said. Economists polled by Reuters had forecast a 0.3 percent increase after August construction spending rose by an upwardly revised 1.6 percent.

Even these numbers won’t put a dent in the Obama Boom. Lies are hard to kill off.

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Posted in Business, Economy, Headlines | 2 Comments »

The Obama Boom Returns!

by Phantom Ace ( 7 Comments › )
Filed under Economy, Headlines, unemployment at September 9th, 2011 - 9:28 am

The media refuses to give up on their Obama Boom theme. Despite evidence we are in a depression, The Progressive propaganda machine refuses to accept the truth. Instead, they now are doubling down on the Obama Boom lie. Their so called “economics” are calling for growth of 2% or more!

The race to the bottom in picking economic growth figures this year seems to have stopped nearly as quickly as it started.

No, that doesn’t mean that economists suddenly believe US gross domestic product will hit the pace it normally would see two years after the end of a recession.

But Wall Street’s biggest names have backed off earlier doom-and-gloom predictions of near-zero growth and now believe the economy at least has a better chance of avoiding an outright recession.

The impetus for the optimism: Thursday’s trade balance report which showed that the US deficit unexpectedly slid to $44.8 billion in July from $51.6 billion in June, primarily on the strength of a 3.6 percent surge in exports.

Nomura Global economist Aichi Amemiya was one of the first out of the gate, pushing his third-quarter forecast from 2.4 percent GDP growth to 2.6 percent.

The OBama  Boom is a myth that refuses to die.

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Posted in Economy, Headlines, unemployment | 7 Comments »

The Obama Boom: Democrats fear the economy will not turn around

by Phantom Ace ( 4 Comments › )
Filed under Barack Obama, Business, Democratic Party, Economy, Headlines, unemployment at September 7th, 2011 - 4:37 pm

After their massive 2010 loss many Democrats consoled themselves that 2012 would be different. They assumed the economy would be roaring by then and Obama would be re-elected triumphantly. Well with 14 months to go, things are not looking that way. The media created Obama Boom is not materializing into reality. Instead the economy is on the verge of negative growth. This will means Obama faces a very tough re-election.

President Obama’s new effort to revive the ailing economy may be too little, too late, according to Democrats and liberal policy experts.

They contend that Obama missed his chance to turn the economy around by November 2012, but still want him to call on Congress to move an aggressive new jobs plan — even if it has little chance of passing. 

Obama should swing for the fences during his speech on Thursday, they say, claiming there is no need to be politically pragmatic with the House in GOP hands.

This explains why the Progressives are in full demagogue mood. Their policies have failed so all they have is fear left.

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Posted in Barack Obama, Business, Democratic Party, Economy, Headlines, unemployment | 4 Comments »

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