Obama Announces Re-election Bid

[TheMercenary]

In January, President Obama named General Electric CEO Jeffrey Immelt to head the President's Council on Jobs and Competitiveness, an economic advisory board focused on job creation.

GE moving X-ray business to China

http://articles.boston.com/2011-07-2...hina-last-year

Remember, this is the same company that paid a those taxes last year....

[classicman]

wuts ur point?

[Griff]

I know it is a violation of free trade orthodoxy, but is it time to think about how we tax corporations who do business here? The GOP bunch of contenders won't go there though. Romney reiterated the humanity of corporations recently. He failed to note that his human corporations don't have the liability problems human beings have. A hard-core libertarian friend mentioned limited liability as the place where she breaks from Republicans. Obama's weakness on this really makes me question where all the pinko talk is coming from.

[TheMercenary]

As distasteful as it may be, the fact is that hundreds of corps are moving their HQ's out of the US because of the way they are taxed here. Ireland is the new darling of large corps HQ's.

Not that I agree with all of this but a number of really good points are made and the fact that they have moved on paper out of the country and met the standard for tax evasion should be reason enough to reconsider our current system of taxation. (13 min long)

http://www.cbsnews.com/video/watch/?id=7360932n

[TheMercenary]

Well this should help him in the next election.....

WASHINGTON — Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy.
Nonfarm payrolls were unchanged last month, the Labor Department said Friday. It was the first time since 1945 that the government has reported a net monthly job change of zero. The August payrolls report was the worst since September 2010, while nonfarm employment for June and July was revised to show 58,000 fewer jobs.

http://www.msnbc.msn.com/id/44370462.../#.TmEAiHMW8gw

[Happy Monkey]

Who would have thought that cuttting government spending and jobs would have been bad for the jobs numbers?

[TheMercenary]

Originally Posted by Happy Monkey

Who would have thought that cuttting government spending and jobs would have been bad for the jobs numbers?

Wow, really? IS that why he did this?!:

Obama halts controversial EPA regulation

http://news.yahoo.com/obama-halts-co...143731156.html

Jobles gained ZERO!!!!!!!!!!!

We Are in 'Worse Situation' Than in 2008: Roubini

http://www.cnbc.com/id/44368995

Obama OWNS IT!!!!!!!!!

Maybe it was just an act of contrition?....... not.

Maybe he just figured out that his policies were continuing to bankrupt our nation, which he will be Royally Buttfucked with as we run into the next election. Obama owns every single thing that has happened since he was elected. Obama and Dems own it. Sorry if your finger hurts.

[ZenGum]

The "no new jobs" is a bit misleading. There were 45,000 verizon workers who were on strike and so not counted as having jobs, but now they're back to work they'll count again. So adjusting for that, there were 45,000 new jobs.

The phrase "a drop in the bucket" springs to mind, though.

And this line

while nonfarm employment for June and July was revised to show 58,000 fewer jobs.

is so badly written as to be misleading. It should be

while nonfarm employment for June and July was revised to show 58,000 fewer new jobs.

That is, there were new jobs created, just not as many as they originally thought.

[TheMercenary]

Granted. But it does not overshadow the fact that Obama's and Pelosi's "millions of shovel ready jobs" was and remains a complete failure as they have gone on to bankrupt this nation with their failed economic policy....