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Brew

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Obama: May jobs report show economy strengthening
Jun 4^th, 2010 at 12:47pm

Quote:

June 4, 2010, 10:33am EDT

HYATTSVILLE, Md., June 4 (Reuters) - President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the U.S. economy is getting stronger, although there will still be ups and downs going forward.

"This report is a sign that our economy is getting stronger by the day," Obama said in remarks to about about 50 workers at a large truck garage in Maryland.

"A lot of businesses that were hit hard during this downturn, they are starting to hire again. Workers who were laid off are starting to get their jobs back," he said.

However, Obama said there would be "ups and downs" ahead.

The Labor Department said on Friday payrolls rose 431,000 as the government added 411,000 workers to conduct the U.S. Census, the largest monthly increase since March 2000 and one that marked a fifth straight month of gains.

But U.S. private employers hired fewer workers than expected in May, just 41,000 after rising 218,000 in April, a setback for the labor market recovery, even as temporary Census hiring pushed overall payrolls growth to its fastest pace in 10 years.

Obama acknowledged that most of the new jobs were the Census positions.

"So these are temporary jobs that are going to last until the fall, and that may be reflected in future jobs reports," he said.

"But even if you put those temporary jobs aside, there's no doubt that we saw another month of private sector job growth, and that is obviously critical, because when businesses are hiring again, people start spending again and that, in turn, gives businesses more and more incentive to grow."

And the stock market continues to validate every word he utters. /sarc (Dow down 250 points as of this writing)

What planet is this guy on? The destruction of the US economy is looking more and more like an inside job.

If anybody can defend this guy and his administration, please have at it - cuz I ain't seein' it.

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Melissa CH.com Moderator CH.com Alumnus Offline Don't give up! Posts: 7238 Central WI, USA Gender:	Re: Obama: May jobs report show economy strengthening Reply #1 - Jun 4^th, 2010 at 12:59pm The only reason it's showing an increase is due to the census workers HIRED BY THE GOVERNMENT. What's it going to show when those people are laid off? Love the spin...
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Charlie CH.com Alumnus Offline Happy to be here Posts: 18971 Jamestown, NY Gender:	Re: Obama: May jobs report show economy strengthening Reply #2 - Jun 4^th, 2010 at 5:44pm Yup. Sounds no better than the horror before him that was in charge at the time. Charlie
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Kevin_M CH.com Sponsor Offline withered branches grow green again. Posts: 8754 Michigan, USA Gender:	Re: Obama: May jobs report show economy strengthening Reply #3 - Jun 4^th, 2010 at 6:23pm The last time unemployment here was this bad, it took until Reagan's second term to see an upswing.
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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Obama: May jobs report show economy strengthening Reply #4 - Jun 4^th, 2010 at 6:33pm Charlie wrote on Jun 4^th, 2010 at 5:44pm: Yup. Sounds no better than the horror before him that was in charge at the time. Charlie Far worse, in fact.
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-johnny- CH.com Sponsor Offline theres no smoking on the dock Posts: 1642 fayette county ohio Gender:	Re: Obama: May jobs report show economy strengthening Reply #15 - Jun 4^th, 2010 at 10:18pm Brew wrote on Jun 4^th, 2010 at 7:42pm: Enough of the "Bush's fault" crap. It's wearing real thin. GW gave us plenty of thickness for wearing. but i digress seems like you've posted something about pual ryan before. he seems to have some pretty good ideas
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Redd CH.com Sponsor Offline Posts: 8457 Stevens Point USA Wisconsin Gender:	Re: Obama: May jobs report show economy strengthening Reply #18 - Jun 4^th, 2010 at 10:45pm Gotta admire a guy who'd got his priorities straight.
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seaworthy CH.com Hall of Famer Offline Posts: 706	Re: Obama: May jobs report show economy strengthening Reply #19 - Jun 4^th, 2010 at 10:56pm Brew wrote on Jun 4^th, 2010 at 6:33pm: Charlie wrote on Jun 4^th, 2010 at 5:44pm: Yup. Sounds no better than the horror before him that was in charge at the time. Charlie Far worse, in fact. It is far worse. Why? Because I think O'Bama truely believes his own propoganda.
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