Economy adds 103,000 jobs, but it's not enough - BusinessWeek: "The nation added 103,000 jobs in September, an improvement from the month before, the Labor Department said Friday. But the total includes 45,000 Verizon workers who were rehired after going on strike and were counted as job gains.
Even setting aside that technicality, the job gains weren't enough to get the economy out of its soft patch. It takes about 125,000 jobs a month just to keep up with population growth. For September, the unemployment rate stayed stuck at 9.1 percent. When Obama came into the White house he stated that he and his team would kick start the US economy by flinging money at it. This has shown to be as as near a total failure as you can get. His solution? A Mark 2. Whither it's balling out a Las Vegas style failed financial system, that still remains in place after three years of his presidency or attempting to pick winners in the private sector and losing half a billion dollars of taxpayers' money with just one company. His inept non leadership in foreign policy which has encouraged extremists to believe that they have the ear of this president eg the Muslim Brotherhood; Obama has promised much but has been another Jimmy Carter and hopefully will leave office in 2012. His report card will read: US weaker, more debt, less jobs created.
(Photo: Copyright Control).
 |
| Barak Obama. |
(Photo: Copyright Control).
