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6 Jul

BLACKS/HISPANCS UNEMPLOYMENT SOARS

U.S. payrolls expanded by just 80,000 net jobs in June keeping the unemployment rate flat at 8.2 percent, new data from the Bureau of Labor Statistics shows.

The private sector only expanded by some 84,000 positions.

Economists polled by Bloomberg had forecast a gain of 100,000 positions during the month, with private payrolls advancing 106,000.

The disappointing report, which follows several months of weak economic gains, has sent U.S. markets sharply lower.

Millan Mulraine, an economist with TD Securities, attributed the gains to the manufacturing industry, which improved by 11,000 jobs this June. The service sector added 71,000 positions, down from 81,000 a month earlier.

However, Mulraine said the new data continues to emphasize the stagnating labor market recovery.

“The slow pace of jobs growth underscores the weakening economic growth momentum and reinforces the perception that the economy has remain mired in another soft patch,” Millan says. “With the labor market recovery appearing to be stalled, the case for further policy accommodation will likely be strengthened, particularly given the benign inflationary background.”

The report comes in sharp contrast to private payrolls data out of ADP just a day earlier that showed the economy expanded by 179,000 in June. That figure caused many analysts on Wall Street to raise their expectations going into this morning’s announcement.

Adding further pressure to President Obama heading into the election, Hispanic and Latino unemployment remained essentially unchanged at 11.0 percent.

The unemployment rate for white men and women was unchanged at 7.4 percent, while 184,000 more black American’s went without a job in June, for an unemployment rate of 14.4 percent.

May and April data were also revised during the month. In April, the BLS now estimates the economy added 68,000 jobs from an earlier report of 77,000. At the same time, employment grew by 77,000 in May, up from last month’s report of 69,000.

ALL YOU BLACKS AND HISPANICS HOW’S OBAMA WORKING FOR YOU?  STILL GONNA VOTE FOR THE SOCIALIST—WAKE UP HE IS TAKING YOU FOR A RIDE

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7 Jun
No Matter What
President Barak Obama will win a second term.

Can President Obama be defeated in 2012? No. He can’t. I am going on record as saying that President Barak Obama will win a second term.

The media won’t tell you this because a good election campaign means hundreds of millions (or in Obama’s case billions) of dollars to them in advertising.

But the truth is, there simply are no conditions under which Barak Obama can be defeated in 2012.

The quality of the Republican candidate doesn’t matter. Obama gets reelected. Nine percent unemployment? No problem. Obama will win. Gas prices moving toward five dollars a gallon? He still wins. The economy soars or goes into the gutter. Obama wins. War in the Middle East? He wins a second term.

America’s role as the leading Superpower disappears? Hurrah for Barak Obama! The U.S. government rushes toward bankruptcy, the dollar continues to sink on world markets and the price of daily goods and services soars due to inflation fueled by Obama’s extraordinary deficit spending? Obama wins handily.

You are crazy, Williams. Don’t you understand how volatile politics can be when overall economic, government, and world conditions are declining? Sure I do.

And that’s why I know Obama will win. The American people are notoriously ignorant of economics. And economics is the key to why Obama should be defeated.

Even when Obama’s policies lead the nation to final ruin, the majority of the American people are going to believe the bait-and-switch tactics Obama and his supporters in the media will use to explain why it isn’t his fault. After all, things were much worse than understood when he took office.

Obama’s reelection is really a very, very simple math problem. Consider the following:

1) Blacks will vote for Obama blindly. Period. Doesn’t matter what he does. It’s a race thing. He’s one of us.

2) College educated women will vote for Obama. Though they will be offended by this, they swoon at his oratory. It’s really not more complex than that.

3) Liberals will vote for Obama. He is their great hope.

4) Democrats will vote for Obama. He is the leader of their party and his coat tails will carry them to victory nationwide.

5) Hispanics will vote for Obama. He is the path to citizenship for those who are illegal and Hispanic leaders recognize the political clout they carry in the Democratic Party.

6) Union members will vote overwhelmingly for Obama. He is their key to money and power in business, state and local politics.

7) Big Business will support Obama. They already have. He has almost $1 Billion dollars in his reelection purse gained largely from his connections with Big Business and is gaining more everyday. Big Business loves Obama because he gives them access to taxpayer money so long as they support his social and political agenda.

8) The media love him. They may attack the people who work for him, but they love him. After all, to not love him would be racist.

9) Most other minorities and special interest groups will vote for him. Oddly, the overwhelming majority of Jews and Muslims will support him because they won’t vote Republican. American Indians will support him. Obviously homosexuals tend to vote Democratic. And lastly,

10) Approximately half of independents will vote for Obama. And he doesn’t need anywhere near that number because he has all of the groups previously mentioned. The President will win an overwhelming victory in 2012.

written by: Dr. Walter Williams

*Dr. Williams’ prediction— Dr. Williams, a conservative economist who happens to be black. He has taught at several Universities and is currently teaching at George Mason University.

((COMMENTS))

OBAMA’S ACE IN THE HOLE

IN ADDITION TO THE VOTING BLOCKS HE MENTIONS, THERE IS ANOTHER HUGE GROUP: THE NEARLY ONE-HALF OF ALL ADULTS DO NOT PAY ANY TAXES AND, IN FACT, MOST OF THEM RECEIVE MONEY FROM THE GOVERNMENT.

THESE PEOPLE DO NOT WANT TO “SHAKE THE BOAT” TO DO ANYTHING TO STOP THE FLOW OF TAXPAYER MONEY TO THEMSELVES