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Obama, Socialist-in-Chief, destroys the Free Market

Original post made by Karl Marx, Menlo Park: Sharon Heights, on Aug 25, 2014

S&P 500 TRADES ABOVE 2,000 POINTS FOR FIRST TIME "NEW YORK (AP) -- The stock market has reached another milestone as the Standard & Poor's 500 index trades above 2,000 points for the first time.

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Comments (5)

1 person likes this
Posted by mitt romney
a resident of Atherton: Lloyden Park
on Aug 25, 2014 at 8:47 pm

You mean I didn't beat the socialist? Is McCain still president. Did we invade Syria yet?

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Posted by Jose Jobs
a resident of Woodside: Woodside Hills
on Sep 6, 2014 at 7:02 am

New stock market high yesterday.

140,000 jobs means we are completely past the Bush high water mark for jobs, despite the millions of jobs lost in the Bush Great recession.

Get to work, congress - MORE JOBS NOW!!!

Web Link

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Posted by O'Bummer
a resident of Menlo Park: The Willows
on Sep 6, 2014 at 8:00 am

A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics ("BLS").

The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.

BLS employment statistics are based on the civilian non-institutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.

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Posted by Jose Jobs
a resident of Woodside: Woodside Hills
on Sep 6, 2014 at 2:32 pm

"A record 92,269,000 Americans 16 and older did not participate in the labor force in August"

Yet a record number of Americans are employed: 146,368,000

What has congress done to create jobs lost in the Bush Great Recession?

What are you comments on this graph of monthly job creation?
Web Link

Bush: October 2008 - 450,000 jobs LOST
Bush: November 2008 - 775,000 jobs LOST
Bush: December 2008 - 700,000 jobs LOST
Bush: January 2009 - 800,000 jobs LOST
Bush: February 2009 - 700,000 jobs LOST
Bush: March 2009 - 825,000 jobs LOST

6 months for bush before Obama policies slowly begin to ease the Bush Great Recession: FOUR MILLION JOBS LOST. Add in the couple months before November and it is 5 million jobs lost. Web Link


House Republican actions for jobs: nothing Web Link

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Posted by Jose Jobs
a resident of Woodside: Woodside Hills
on Sep 6, 2014 at 2:56 pm

From FORBES: A Labor Chart For Labor Day: U.S. Has Gained 9.2 Million Jobs Since Recession's Lowest Point

Web Link

From FORBES: "The strong gains so far also meant that, as of May 2014, the U.S. economy finally recovered the millions of jobs that the (Bush) labor market shed between 2008 and 2010."

"But on a day created to celebrate American workers, four straight years of jobs growth — after the (Bush) worst economic crisis in eighty years — is something worth celebrating, too."

Web Link

Web Link

George W. Bush left Barack Obama the Great Recession—more than eight million jobs lost, half of them in the first 14 months of the Obama presidency. Nonetheless, since then, we've gained 9.2 million jobs, which means that even if you include Great Recession job losses in President Obama's overall job growth figures, he's still created more jobs than George W. Bush in his first 5.5 years in office—5 million versus 3.8 million.

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