Epic Fail. Unemployment Rate Rises To 9.8%

The recovery that wasn’t continues at breakneck speed.

NEW YORK (CNNMoney.com) — The economy continued to add jobs last month, but at a much slower pace than expected, while the unemployment rate rose to 9.8%.

U.S. employers added 39,000 jobs to their payrolls in November, the Labor Department reported Friday. That marks a major slowdown from October, when the economy added an upwardly revised 172,000 jobs.

November’s numbers also fell short of the 150,000 gain that economists surveyed by CNNMoney.com were expecting.

And what would an Obama loving news outlet story on unemployment be without the “U” word:

The unemployment rate, which is calculated in a separate survey, unexpectedly ticked up to 9.8% after holding at 9.6% from the prior three months, the government said. 

Recovery Summer! 131,000 Jobs Lost In July

Unexpectedly, natch.

U.S. employment fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anemic economic recovery.

Non-farm payrolls fell 131,000 the Labor Department said on Friday as temporary jobs to conduct the decennial census dropped by 143,000.

Private employment, considered a better gauge of labor market health, rose 71,000 after increasing 31,000 in June. In addition, the government revised payrolls for May and June to show 97,000 fewer jobs than previously reported.

Analysts polled by Reuters had forecast overall employment falling 65,000 and private-sector hiring increasing 90,000.

But let’s let the eeevil Bush tax cuts expire…because that will surely help with these dismal numbers.

“We weren’t invited. In fact, we were told not to come.”

Valerie Jarrett gets the hand from the U.S. Chamber of Commerce.

The U.S. Chamber of Commerce on Wednesday rejected a request from top White House adviser Valerie Jarrett to speak at a jobs summit hosted by the business group, the latest escalation in an ongoing war between the two camps.

“We would have loved to have gone and participated. We weren’t invited. In fact we were told not to come,” Jarrett said, during an interview on Bloomberg Television.

Chamber officials said Jarrett requested that she be allowed to address their gathering, a several-hour long “Jobs for America Summit,” on Wednesday morning, a few hours before the event began. They said the program was too full to fit her in.

At the summit, Chamber President and CEO Thomas Donahue railed against President Obama’s economic policies.

“Our current economic direction is not working,” Donahue said.

Donahue said that Obama’s health care and financial regulation initiatives are onerous to the point that the Americans will lose freedoms unique to the country.

“Taken collectively, the regulatory activity now underway is so overwhelming and beyond anything we have ever seen, that we risk moving this country away from a government of the people to a government of regulators,” Donahue said.

No wonder these companies – large, medium and small – aren’t hiring.

Obama’s Approval Numbers Hit New Lows In 2nd Poll In As Many Days

This time the bad news for Barry & Co. comes from an NBC/Washington Post poll released yesterday.

For the first time in the survey, more disapprove of his job performance than approve; for the first time in his presidency, more than 60 percent believe the country is on the wrong track; and as he relieves Gen. Stanley McChrystal of his command in Afghanistan, Obama’s scores on being able to handle a crisis and on being decisive have plummeted since last year.

[…]

In the poll, Obama’s job-approval rating stands at 45 percent, which is down five points from early last month and down three points from late May.

What’s more, Obama’s favorable/unfavorable rating is now at 47 percent to 40 percent, down from 49 percent to 38 percent in early May and 52 percent to 35 percent in January.

His scores on other ascpects of the presidency also have declined. In April 2009, 54 percent gave the president high marks for being able to handle a crisis; now it’s 40 percent.

In July 2009, 57 percent gave him high marks for being decisive and for his decision-making; now it’s 44 percent.

And also in July 2009, 61 percent gave him high marks for having strong leadership qualities; now it’s 49 percent.

[..]

In the survey — which was conducted after Obama’s fourth visit to the Gulf last week, after his Oval Office address on the spill, and after getting BP to agree to a $20 billion escrow account to help pay for relief — 50 percent say they disapprove of Obama’s handling of the spill, while 42 percent approve.

[…]

After last month’s disappointing jobs report (in which the economy added just 41,000 private-sector jobs), only 33 percent believe the U.S. economy will get better in the next 12 months. That is a seven-point drop since May.

In addition, 62 percent say the country is headed in the wrong direction, which is its highest point in Obama’s presidency.

[…]

The Republican Party has a major advantage in the fall, and this poll just reconfirms that,” Hart said.

Moreover, 32 percent say their vote this November will be a signal of opposition for Obama, versus 27 percent who say it will be a signal of support for him. That’s a reversal from January, when 37 percent said their vote would be in support for the president, while 27 percent said it would be in opposition.

All signs lead to a bloodbath for the Democrats this fall.

CBS/NYT Poll: Majority Of Americans Think Obama Is Clueless On Jobs, Oil Spill & Energy

Keep in mind this is a CBS/New York Times poll – not exactly known for their conservative leaning samples.

Most Americans do not believe President Obama has a clear plan to deal with the oil spill in the Gulf, according to a new CBS News/New York Times poll.

Just 32 percent say Mr. Obama has a clear plan to deal with the oil leak, while 59 percent (including 64 percent of Gulf coast residents) say he does not.

The numbers are not much better among those who watched the president’s Oval Office speech on the spill last week, with 35 percent of that group saying he has a clear plan and 56 percent saying he does not.

The spill isn’t the only issue on which the president is seen as lacking a plan of action: Just 41 percent say Mr. Obama has a clear plan for developing new sources of energy, while 45 percent say he has no clear plan. And when it comes to creating jobs, just 34 percent say he has a clear plan; 54 percent say he does not.

A majority of Americans – 61 percent – says the president’s response to the oil spill was too slow. Just 31 percent say they have “a lot” of confidence in his ability to handle a crisis, though a majority has at least some confidence that he can do so. Since January, the percentage who says Mr. Obama has strong qualities of leadership has fallen from 70 percent to 62 percent.

Overall, 43 percent approve of Mr. Obama’s handling of the oil spill, while 47 percent disapprove.

But the most devastating numbers (and the most alarming for the White House) are the right track/wrong track results which are not featured in either the cbs.com on-line or New York Times stories on the poll results.

60% think the country is headed in the wrong direction while only 32% think the country is headed in the right direction.

I can’t wait until November.

Obama WH Lists Jobs Saved Or Created In Congressional District That Doesn’t Exist…….UPDATE: Make That Multiple Fake Congressional Districts Across the U.S.

Scroll for updates

Nice going Arizona 9th!

Here’s a stimulus success story: In Arizona’s 9th Congressional District, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least that’s what the website set up by the Obama Administration to track the $787 billion stimulus says.

There’s one problem, though: There is no 9th Congressional District in Arizona; the state has only eight Congressional Districts.

There’s no 86th Congressional District in Arizona either, but the government’s recovery.gov Web site says $34 million in stimulus money has been spent there.

Did ACORN prepare this report?

UPDATE #1: The Heritage Foundation has a roundup of the bogus districts.

Forget everything bad you’ve ever heard about President Barack Obama’s $787 billion economic stimulus. Combing through the data on the $18 million Recovery.gov website you’ll find tons of Obama stimulus success stories from across the country. In Minnesota’s 57th Congressional District, 35 jobs have been saved or created using $404,340 in stimulus funds. In New Mexico’s 22nd Congressional District, 25 jobs have been saved or created using $61,000 in stimulus cash. And in Arizona’s fighting 15th Congressional District, 30 jobs have been saved or created with just $761,420 in federal stimulus spending.

The it-would-be-funny-if-it-weren’t-our-tax-dollars-at-stake punch line here is that none of the above Congressional Districts actually exist. Yet those jobs “created or saved” claims still sit on the Obama administration’s official “transparency and accountability” website Recovery.gov. As the Washington Examiner’s David Freddoso points out, it would have been nearly costless for the Recovery.gov site designers to limit the input fields so that non-existent Congressional Districts never made it into the public domain, but for whatever reason the Obama administration chose otherwise. Defending the fake data on his website, Recovery.gov Communications Director Ed Pound told ABC News: “We report what the recipients submit to us. Some recipients clearly don’t know what congressional district they live in, so they appear to be just throwing in any number. We expected all along that recipients would make mistakes on their congressional districts, on job numbers, on award amounts, and so on. Human beings make mistakes.”

Riiight.

Read the rest here.

Update #2:

You can track the deception with this nifty Bogus Jobs Map courtesy of the Washington Examiner.

Obama publishes campaign stump speech in Washington Post

Blah blah blah

Nearly six months ago, my administration took office amid the most severe economic downturn since the Great Depression. At the time, we were losing, on average, 700,000 jobs a month. And many feared that our financial system was on the verge of collapse.

The swift and aggressive action we took in those first few months has helped pull our financial system and our economy back from the brink. We took steps to restart lending to families and businesses, stabilize our major financial institutions, and help homeowners stay in their homes and pay their mortgages. We also passed the most sweeping economic recovery plan in our nation’s history.

The American Recovery and Reinvestment Act was not expected to restore the economy to full health on its own but to provide the boost necessary to stop the free fall. So far, it has done that. It was, from the start, a two-year program, and it will steadily save and create jobs as it ramps up over this summer and fall. We must let it work the way it’s supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity.

Feel free to read it all, but it’s nothing you haven’t heard before ad nauseam.

With hidden provision in Cap & Trade, Democrats admit jobs will be killed

Sure, it’s a jobs bill.  A jobs killer bill.  So much so that there is a provision in the legislation that provides paychecks and other assistance for those who lose their jobs as a result of their industries going belly up.

According to Friday’s Washington Times, the legislation includes language that provides, should it become law, that people who lose their jobs because of it “could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits—courtesy of Uncle Sam.”

How generous are these benefits? Well, according to the Times, “Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill’s ‘climate change worker adjustment assistance’ program, which is expected to cost $4.2 billion from 2011 to 2019.”

Instead of being a the source of millions of new jobs of “green jobs”—as House Democrats are fond of saying over and over again—the provision is a hidden admission that their effort is a job killer, not just a massive new tax on energy.

$4.2 billion taxpayer dollars to pay people not to work so we can save the planet.

Dude, where’s my job?

We know the stimulus bill has not created the millions of jobs that Obama and Company claimed it would.  In fact, at his press conference earlier this week, Obama conceded that unemployment is going to reach 10% – and soon.

Now they are touting Cap and Trade as a jobs bill.  Obama started this new tact earlier in the week and Nancy Pelosi continued the meme with her shrill scream of “JOBS JOBS JOBS JOBS” on the House floor last night.  Calling this a jobs bill is a blatant lie.

As unemployment continues to rise and the deficit continues to explode, Americans are becoming skeptical and Republicans need to be all over this like white on rice.  It looks like they are formulating a plan that includes shining the light on this.

Hot Air has a link to the GOP’s weekly address…starring the George Hamilton of Congress.  That’s not a dig against Congressman Boehner.  I’m a tad jealous of that tan andI will always hold him dear to my heart after he threw a copy of the stimulus bill to the House floor in disgust.