Obama said Thursday that he remains confident the economy will turn around in the short term and the nation will prosper in the long term despite another dose of bad unemployment news.
“And I’m absolutely confident that we can, at this period of difficulty, prove, once again, what this nation can achieve when challenged,” Obama said. Pinocchio is at it again. Feeding more lies to those dumb enough to believe him!
Recession-weary employers slashed 467,000 jobs in June, the Labor Department reported, far worse than the 363,000 that economists expected and a grim signal that the path to recovery will be bumpy. The jobless rate rose to a 26-year high of 9.5 percent from 9.4 percent in May.
As stock prices fell across the board, other signs of investor unease emerged. Treasury prices rose, driving the yield on the 10-year note down to 3.50 percent from 3.54 percent late Wednesday. Declining issues outnumbered advancers by about 5 to 1 on the New York Stock Exchange.
And what are the Democrats and Obama doing about this? They are spending your grandchildren’s money at an unprecedented rate!
Democrats in Congress claim their spending binge is necessary to put Americans back to work. They promised unemployment would not rise above 8 percent if their trillion-dollar stimulus was passed. They lied!
The Democrat controlled House last week narrowly approved the largest tax increase in American history disguised as fighting global warming. Yes, the ‘Make Al Gore A Billionaire” bill.
More and more scientists are coming forward to say this is a hoax and a scam. https://onemansthoughts.wordpress.com/2009/07/03/climate-bill-is-transfer-of-wealth-to-world-government/
The EPA and other government agencies are ignoring science that is coming to light calling into question the entire manmade climate change theory. https://onemansthoughts.wordpress.com/2009/06/30/epa-suppresses-report-calling-into-question-global-warming-science/
Ron Paul said, “From their spending habits, an economic collapse seems to be the goal of Congress and this administration.” https://onemansthoughts.wordpress.com/2009/07/01/obama’s-‘goal’-is-economic-collapse/