Obama says Economy Better Today????

The Great Obama Lie about the economy getting better keeps spreading.

But people aren't buying it anymore, check this news from today.

The Conference Board's consumer confidence index fell for the second consecutive month by 2.7 points to 46.6 in July. The July level was 8.2 points down from the recent peak in May, and worse than expected.

The jobs are disappearing and they aren't coming back!
So many are working less hours and many have given up hope and stopped
looking. Some people must understand this now.

The unemployment rate is very high now.
It's called CHANGE!
 
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More proof Obama Media and Obama lie from 7/29/2009!

CLEVELAND (AP) -- Cliffs Natural Resources Inc. said Wednesday its second-quarter net income fell 85 percent amid weak global demand for iron ore and coal used in manufacturing steel.

CHANDLER, Ariz. (AP) -- Microchip assembly and test company Amkor Technology Inc. said Wednesday its second-quarter profit tumbled 86 percent as sales slid amid the global economic downturn. But the results beat Wall Street expectations.

How do you like this CHANGE!, does it give you hope?
 
Signs of a Better Economy?

Is the glass half full or half empty? Or maybe that analogy doesn't work in this economy because people really just want to know if we've reached the bottom of this bitter drink of bad banks, busted housing markets and layoffs. The answer seems as hard to come by as a good analogy.

However, the current stock rally started with good banking news last month and that trend seems to be continuing. Wells Fargo & Co. said last week that it expects to post a record profit for the first quarter of 2009. This week will bring reports from other major banks like Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Wells Fargo received $25 billion in government bailout funds, which is less than the other big banks. The bank credits its strong quarter to a roaring mortgage business. The Associated Press reported that "Wells Fargo received about $190 billion in mortgage applications, a 64 percent jump from the previous quarter. More than 40 percent of that volume came in March."

So this looks to be good news for both the banking and housing industry. Though most of the applications were for refinancing, 25 percent is reported to be from customers wanting to purchase new homes. Wells Fargo's CFO, Howard Atkins, told the AP that the government's efforts to lower interest rates and other programs aimed at the beleaguered housing industry has helped. Yet he was reluctant to sound too optimistic. "It's premature to conclude the economy has turned," said Atkins. "All I can tell you is we're seeing a lot of business."

There was mixed news in the job sector last week, with jobless claims falling more than expected, but there are still a record number of people receiving unemployment benefits. According to the AP, both economic analysts and the Federal Reserve expect this trend to continue into year as companies adjust to the changing economy.

Retail sales, on the other hand, showed some signs of stabilizing.
According to the AP, discount retailers, like Wal-Mart Stores Inc., continue to show a modest increase in profits. Although sales have fallen for other retailers, the decrease has been less than expected.
So is the bottom of the bitter drink in sight? "In hard economic times, Americans turn to numbers to see whether things are getting better. Gauging the mood of the republic is not as quantifiable," said AP National Writer Ted Anthony recently.

It's even harder to quantify when the numbers give different stories and no one seems to want to stick his neck out and be the one to announce the end of the recession. While Anthony conceded there are subtle signs that things are getting better, he was only willing to say things could be getting "less worse."

According to Anthony, "Numbers from Gallup's Consumer Mood Index were up 6 points for the week ending April 5, the fourth consecutive week they rose. The index is now as high as it's been in over a year -- buoyed, perhaps, by the upward-creeping stock market. And an AP-GfK poll showed the number of Americans who think the country is heading in the right direction more than doubled between October and February -- to 40 percent. Not that it's all good, mind you. Just, well, less worse."
 
US retail sales were down in July, marking the 11th consecutive month of decline. Continuing poor weather, a reduction in the number of tax-free shopping days and buyers who now do not want to pay full prices contributed to the falls.

Many US consumers are wary of false claims by the US president and the government and are curbing their spending patterns. Many people continue to lose jobs.

Typically, July sales are boosted by the back to school bounce, as parents kit out their children with the latest fashions ready for the autumn term. However, there was little evidence this year of a bounce.

It's called CHANGE!
 
Wall Street cheered by upbeat jobs report
Economy sheds fewer jobs than expected in July; jobless rate dips
Aug 7, 2009

Market update
Index Last Change % change
• DJIA 9370.07 +113.81 +1.23%
• NASDAQ 2000.25 +27.09 +1.37%
• S&P 500 1010.48 +13.40 +1.34%


President Barack Obama told the nation Friday that the "worst may be behind us" on the recession after the unemployment rate dipped for the first time in 15 months.

The surprise figures injected new life in a monthlong rally and provided validation for traders who have been betting since March that the economy is healing. The Dow Jones industrial average rose 114 points to cap its fourth straight weekly gain. The Dow is at its highest level since early November.

The government said employers shed 247,000 jobs in July, the fewest in a year. Economists had expected 320,000 lost jobs. The unemployment rate dropped to 9.4 percent from 9.5 percent in June, rather than rising to 9.6 percent as forecast.

"It really gave the market the proof that it needed to see," said Burt White, chief investment officer at LPL Financial in Boston.

The report is often the most anticipated bit of economic news each month on Wall Street and nervousness about what it would reveal held stocks to modest moves most of the week. The exception came Monday when Ford Motor Co. said its monthly sales rose for the first time in nearly two years because the government's cash for clunkers program was drawing customers. That, and good news about manufacturing, construction and banking, sent the Standard & Poor's 500 index over 1,000 for the first time in nine months.

With the pop Friday, the S&P 500 index is up 14.9 percent in only four weeks and 49.4 percent from a 12-year low in early March.

The Dow rose 113.81, or 1.2 percent, to 9,370.07. The broader S&P 500 index gained 13.40, or 1.3 percent, to 1,010.48, while the Nasdaq composite index rose 27.09, or 1.4 percent, to 2,000.25.

About 2,300 stocks rose on the New York Stock Exchange, while about 700 fell. Consolidated volume rose to 7 billion shares from 6.8 billion Thursday.

For the week, the Dow added 2.2 percent, the S&P 500 index rose 2.3 percent and the Nasdaq rose 1.1 percent.

Meanwhile, bond prices fell as the jobs reading limited demand for the safety of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.86 percent from 3.76 percent late Thursday.

Financial and retail stocks rallied Friday along with the broader market.

Insurer American International Group Inc. posted its first quarterly profit since 2007. The insurance giant, which is now majority owned by the government, rose $4.61, or 20.5 percent, to $27.14.

The jump in retail stocks came a day after many posted lackluster July sales. A drop in unemployment could make consumers feel more confident about making purchases, which could help the recovery along. Their spending accounts for more than two-thirds of U.S. economic activity. Macy's Inc. rose 98 cents, or 6.5 percent, to $15.99.

On other days, selling has been contained because investors don't want to miss a rally that has surprised many traders with its strength. On Wednesday, the Dow fell only 39 points but it was the biggest drop in a month.

Investors will be looking for more insight into the economy when the Fed's interest-rate committee concludes a two-day meeting on Wednesday. It is unclear when policymakers will decide the economy is strong enough to handle rate hikes that will be needed to keep inflation in check.

Light, sweet crude fell $1.01 to settle $70.93 a barrel on the New York Mercantile Exchange.

The Russell 2000 index of smaller companies rose 14.78, or 2.7 percent, to 572.40.

The dollar mostly rose against other major currencies, while gold prices advanced.
 
The US is experiencing the worst economic situation in most peoples lifetime.

Never has it been so bad and yet Obama is saying it's getting better.
This is just an outright lie on Obama's part. Obama assumes Americans are all stupid!

Very soon Obama may have to eat his words and blame Bush for the lack of an economy.

He can't fix, he won't fix it and jobs aren't coming back.
 
Oh c'mon Asur, Obama said it's getting better, and of course he wouldn't outright lie, or shade the situation. After all, he's a product of the Chicago machine, he's an HONEST politician.
 
The US is experiencing the worst economic situation in most peoples lifetime.

Never has it been so bad and yet Obama is saying it's getting better.
This is just an outright lie on Obama's part. Obama assumes Americans are all stupid!

Very soon Obama may have to eat his words and blame Bush for the lack of an economy.

He can't fix, he won't fix it and jobs aren't coming back.

Sounds like you have a serious ax to grind...why don't you call up G.W.B. and thank him for the quagmire/cesspool/financial fiasco that he left us in and then get on board to "WORK" for a change that we all are "HOPING FOR"...instead of the continual B!tch & MOAN/Whine & Complaining that you do so well ;)
 
Obama is lying about things getting better so he can
ram another socialist program down our throat(healthcare), just like
porkulous and the Bailouts. He will not wait
and see if things get better, but rather lie. No time to wait
because he knows things are likely to get worse. The American people
don't want his plan and yet he pushes it.

And of course his socialist heathcare program will require that
everyone pays higher taxes. Of course he lied about that also.

As long as jobs are being lost there is no and there will be no recovery.

If we have job increases, then he can honestly say things are getting better.

But we all know those real jobs aren't coming back under higher taxes, etc.
 
Obama is lying about things getting better so he can
ram another socialist program down our throat(healthcare), just like
porkulous and the Bailouts. He will not wait
and see if things get better, but rather lie. No time to wait
because he knows things are likely to get worse. The American people
don't want his plan and yet he pushes it.

And of course his socialist heathcare program will require that
everyone pays higher taxes. Of course he lied about that also.

As long as jobs are being lost there is no and there will be no recovery.

If we have job increases, then he can honestly say things are getting better.

But we all know those real jobs aren't coming back under higher taxes, etc.

Fortunately I'm not quoting President Obama. I've been repeatedly quoting major financial news like the Wall Street Journal, Market Watch etc.

And while it is important for jobs to rebound from The Bush Depression if you knew anything... and I seriously mean ANYTHING about economic recoveries job growth always trails the recovery (look it up;)) because first companies have to feel the economy is stabilizing before rehiring.

Which is the GREAT news we are reporting!


 
Obama is lying about things getting better so he can
ram another socialist program down our throat(healthcare), just like
porkulous and the Bailouts. He will not wait
and see if things get better, but rather lie. No time to wait
because he knows things are likely to get worse. The American people
don't want his plan and yet he pushes it.

And of course his socialist health care program will require that
everyone pays higher taxes. Of course he lied about that also.

As long as jobs are being lost there is no and there will be no recovery.

If we have job increases, then he can honestly say things are getting better.

But we all know those real jobs aren't coming back under higher taxes, etc.

Then by all means...roll over go belly up and plan an extended trip to another foreign county of your choosing ;)
Because for me and my house, I'm going to support this Presidency with all of the gusto that I did the last 'BOOB' and I'm quite sure that this President won't be getting us involved in another WAR! And he and our elected officials are tap dancing to the best of their ability for this huge fiasco that has ran the gambit of the likes that nobody has experienced before...we are in uncharted waters and all we can HOPE for is to survive day-to-day. And as with the knee jerk reactionaries squeals of 'the sky is falling, the sky is falling' echoing around the USA...mindless thoughts and dooms day drum beating isn't making this heinous situation any better for the masses :rolleyes:

We can continue to bury our collective heads in the sand and refuse to step up to the health care home plate...but it's going to keep rearing it's consistent ugly little head because my generation is going to be the straw that will brake the camels back. We'd better get a plan implemented and keep the discussion going forward because wasting more valuable time screaming at each other is solving NADA!!! IMO
 
ASPCA wrote -
I'm quite sure that this President won't be getting us involved in another WAR.

What do you call Obama's decision to send another 21,000 troops to Afghanistan?
July was the deadliest month for American troops since the war began in the fall of 2001. Of course the Obama media never mentions it.

He is not running that war too well!

What's not OK is his lie about the state of the US economy and pushing Healthcare down out throats. How about giving
THEM some jobs instead?

Polls show Americans reject Obamas Health Care Plan for different reasons.

Some know Obama is not to be trusted. His stimulus didn't prevent unemployment from increasing. His bailouts of the rich banks and auto companies didn't help
small America, only the rich and foreign countries. It's getting worse out there, believe it or not.

Even by the skewed
media reports the US is still losing jobs thanks to Obamas effect.

ASPCA I'm suspicious about you.

Obama implied in a speech that Michael Vick should never should not have been punished. Quote to NAASCP, "Lets face it. We all love a good dog fight now and then".

Strange guy for you to support. But at the same time I can assure you that
beating dogs to death is fairly common in certain areas, so I see Obama's point.
It's no big deal!
 
ASPCA wrote -

What do you call Obama's decision to send another 21,000 troops to Afghanistan?
July was the deadliest month for American troops since the war began in the fall of 2001. Of course the Obama media never mentions it.

He is not running that war too well!

If a "surge" worked in Iraq, why won't it work in Afganistan?
 
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PLC1 wrote -
If a "surge" worked in Iraq, why won't it work in Afganistan.

Well copying Bush's technique might be a smart move on Obama's part.


All I'm pointing out is that Obama is waging a war there now.
Of course beatin dogs and killing soldiers in war are dfferent things.


Those pit bulls are harder to kill than people by far.
 
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