The prez can't even help his homies.
http://www.suntimes.com/business/13...s-total-nearly-1400-in-june-report-shows.html
http://www.suntimes.com/business/13...s-total-nearly-1400-in-june-report-shows.html
Fortunately, nationwide, that kind of thing has fallen to a 13 month low, according to the Challenger report.Quote from CaptainObvious:
The prez can't even help his homies.
http://www.suntimes.com/business/13...s-total-nearly-1400-in-june-report-shows.html
Quote from:Obama
The reason I ran for president, the reason I ran the first time for a State Senate seat on the Southside of Chicago, was because for too many people, that bargain, that dream, felt like it was slipping away. We had gone through a decade where people were working harder and harder, but we didnât see an increase in income. And profits were going sky high for a lot of companies but jobs weren't growing fast enough. And the cost of everything from health care to college tuition to grocery to gas kept going up faster than people's incomes.
So a lot of folks felt like that idea that we could not only live a good middle class life but more importantly we could pass it on to our kids and they could succeed the way we might not have imagined. They could go to college and do some things we couldnât imagine doing. That felt like it was slipping away from too many people. That's why I got into politics.
During 1996, the U.S. economy saw moderately high growth with low inflation and historically low unemployment. Gross domestic product is forecast to have grown 2.8 percent for 1996. The economy created approximately 2.5 million additional jobs in 1996, a 2.1 percent increase from 1995 levels. Inflation again remained low, around 3.0 percent, and the Federal Reserve was reluctant to change interest rates throughout the year on signs of a slowing economy.
Quote from Ricter:
"Furthermore, for Obama to stand there after three and a half years in office and trash 1996 as income, the GDP, manufacturing, and job creation under his watch are all falling"
Quote from Ricter:
A down day does not a bear market make. Besides, he didn't say "GDP growth".
