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Lv 4
? asked in Politics & GovernmentPolitics · 1 decade ago

Are you all enjoying Obama's summer of recovery?

The number of Americans receiving food stamps rose to a record 41.3 million in June as the jobless rate hovered near a 27-year high.

So what comes after the Summer of recovery? Fall ?

As in the Fall of America?

http://www.businessweek.com/news/2010-09-02/food-s...

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  • Bill
    Lv 7
    1 decade ago
    Favorite Answer

    Summer time, and the living is easy -- that is, if you are one of the 22.77 million people employed by the government, representing one out of seven people currently employed.

    http://data.bls.gov/cgi-bin/dsrv

    If you are unemployed and hoping for an economic uptick to increase chances for employment, this may very well be your summer of discontent. In any event, the White House has designated the summer of 2010 the Recovery Summer.

    If this is the Recovery Summer, then:

    Why hasn't the National Bureau of Economic Research set a date for the end of the recession that began in December 2007 even though GDP growth had turned positive during the second quarter of 2009? http://www.nber.org/cycles/april2010.html

    Why are U.S. light vehicle sales in June, at 11 million cars at an annual rate, the lowest rate for auto sales since February?

    http://www.zacks.com/stock/news/36460/U.S.+Auto+Sa...

    Why are housing sales weakening? Sales of existing homes in June fell by 2.6% from May. The National Association of Realtors Existing Home sales index was down 18.6% in June compared to June of 2009.

    http://www.bloomberg.com/news/2010-08-03/pending-s...

    Home sales in May fell 30% from April. April marked the end of a government incentive of providing up to $8,000 per home purchase. In many cases, the government subsidy served as the down payment.

    Why is consumer confidence at 50.4 in July, which is down from 54.3 in June? During the recession of 2001, and immediately after 9/11, the index was above 80.

    http://www.forbes.com/feeds/ap/2010/07/27/general-...

    Why did the Wells Fargo/Gallup Small Business Index fall 17 points in July to an all-time low of -28?

    http://www.gallup.com/poll/141692/Wells-Fargo-Gall...

    Why do the job statistics for June still show a 9.5% unemployment rate? According to the Bureau of Labor Statistics, the labor force was reduced by 2.5 million workers and 2.7 million people have left the labor force.

    http://www.bls.gov/

    Against this list of facts, President Obama claims that the economy is getting better. This administration's ineptness at promoting growth is equaled by its ineptness at spinning facts. The Obama administration also touts that the stimulus passed in February of 2009 created or saved 3.5 million jobs. Of course, the president has chosen a standard of measure that is not and has not been tracked before.

    Mr. Obama boasted, "The stimulus bill prevented the unemployment rate from getting up to ... 15%." Of course, not seeing 15% unemployment (unless you consider the underemployed in the U.S.) does not mean that the stimulus worked.

    http://online.wsj.com/article/NA_WSJ_PUB:SB1000142...

    The president could have also stated that passing the stimulus bill would prevent asteroids from destroying the earth. Just because the earth has survived does not mean that this result was due to the stimulus. o_O

  • Anonymous
    1 decade ago

    Things would actually be better if we had done nothing. Seems as if everything Obama touches turns to crap. Companies are closing at a rate faster than two years ago and more and more people are getting laid off and this clown Obama is on television saying that we are heading in the right direction. What is his "right direction"? Destruction? Change is definately occuring. Change to the bad.

  • 1 decade ago

    I'm enjoying it immensely. I can't tell you how much fun it has been to see unemployment rise, businesses fail, and more people on food stamps. Not to mention record foreclosures of homes. Gee, it's so exciting I can hardly sleep at night. Of course this is all sarcasm. Obama has been nothing short of an epic failure. Boot the bum out before he completely destroys the country. He's clueless.

  • Anonymous
    1 decade ago

    Yup I'm enjoing watching my intire town turn to ****. All that's really left are liquor stores and corprate chains. And even they are going under. And with the new federal emssions no car in the city will pass and it will make life just that much better

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  • 1 decade ago

    Yes thank you!

    People are moving into my neighborhood, construction is starting up again, my job is more secure than ever and I am buying my first new vehicle since '02.

    Unemployment is still high in my area, but that is starting to recover as well.

  • Anonymous
    1 decade ago

    First Comment!

  • 1 decade ago

    No I am preparing my self for the winter of devastation

    Source(s): May God Bless you and keep us all safe from the progressive axis of evil,0bama,Pelosi&Reid
  • Anonymous
    1 decade ago

    Yup just sitting back with no job...

  • slg70
    Lv 4
    1 decade ago

    lol i love it. barak thinks we re jim dandy. thats how these dopes think. i hope it gets waaaay worse until we run all these lib chicago mafia members outa politics

  • 1 decade ago

    It beats the alternative, if he had done nothing.

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