Black Unemployment Stuck at 14.1 Percent

[bigrebnc1775]

Yet unemployment keeps dropping? What's up with the cooked obama labor departments numbers this close to the election?

Black Unemployment Stuck at 14.1 Percent

 

[Moonglow]

What is the answer? Well, the simple short answer is find a legitimate way to put a serious amount of money in the consumer’s pocket on a national basis so the consumer can start spending again. Mr. Obama attempted to do it through his Tax Holiday proposal. Remember when he was crisscrossing the country saying if his Tax Holiday legislation wasn’t passed, it would represent an increase in taxes on the middle class?

Therefore, here we are staring another possible increase in Black unemployment in the face. Mr. Romney’s proposals are no better. He wants to give additional tax breaks to the very wealthy and reduce regulations on businesses. We only need to look around to see how that is going to work. We are already experiencing that type of economy as the rich percentage of wealth has outstripped the middle class exponentially by most measurements. They already have the money. Where are the jobs?

The Reason Why Black Unemployment Will Continue to Rise

 

[bigrebnc1775]

What is the answer? Well, the simple short answer is find a legitimate way to put a serious amount of money in the consumer’s pocket on a national basis so the consumer can start spending again. Mr. Obama attempted to do it through his Tax Holiday proposal. Remember when he was crisscrossing the country saying if his Tax Holiday legislation wasn’t passed, it would represent an increase in taxes on the middle class?

Therefore, here we are staring another possible increase in Black unemployment in the face. Mr. Romney’s proposals are no better. He wants to give additional tax breaks to the very wealthy and reduce regulations on businesses. We only need to look around to see how that is going to work. We are already experiencing that type of economy as the rich percentage of wealth has outstripped the middle class exponentially by most measurements. They already have the money. Where are the jobs?

The Reason Why Black Unemployment Will Continue to Rise

unemployment numbers are cooked by obama's labor department.

 

[EdwardBaiamonte]

Mr. Obama attempted to do it through his Tax Holiday proposal.

I guess that was in the days when he thought tax cuts were good for the economy!!!!!!

Now the fool is all about helping the economy by raising taxes.

 

[waltky]

Mixed unemployment news, more jobs but higher monthly rate...

US Unemployment Rate Edges Higher
November 02, 2012 - The U.S. labor market added another 171,000 jobs in October even as the country's jobless rate edged higher.

The government reported Friday that as more workers looked for work, the unemployment rate hit 7.9 percent, up one-tenth of a percentage point from September. This is the last major economic report before Tuesday's U.S. presidential election where much debate has focused on which candidate can cut the jobless rate and boost the country's sluggish economy.

When the U.S. unemployment rate fell to 7.8 percent in September, it was the lowest level during the White House tenure of President Barack Obama. The rate was 8 percent or worse for 44 straight months. Since World War II, no U.S. president has won reelection with an unemployment rate above 7.4 percent. Friday, Republican presidential challenger Mitt Romney said the one-tenth of a percentage point increase in the unemployment rate is a reminder that the economy is at a "virtual standstill."

At a campaign rally in the midwestern state of Ohio, Obama noted that the October job gains were the largest in eight months, which he called "real progress." But he added that more work has to be done to advance the economy. "As long as there's a single American who wants a job and can't find one, as long as there're families working harder but falling behind, as long as there's a child anywhere in this country who's languishing in poverty and barred from opportunity, our fight goes on," Obama said.

Source

 

[EdwardBaiamonte]

Mr. Obama attempted to do it through his Tax Holiday proposal.

I guess that was in the days when he thought tax cuts were good for the economy!!!!!!

Now Obozo (Mr.Obama)is all about helping the economy by raising taxes.

 

[iamwhatiseem]

I am sure black unemployment will be 4 or 5% by the end of Obama's 2nd term.
Yeah...just like Gitmo will close by the end of his first.
Or he will cut the deficit in half...
Or his presidency will be the most transparent ever...
Or...

 

[EdwardBaiamonte]

I am sure black unemployment will be 4 or 5% by the end of Obama's 2nd term.
Yeah...just like Gitmo will close by the end of his first.
Or he will cut the deficit in half...
Or his presidency will be the most transparent ever...
Or...

or the earth will begin to heal from great new green job companies like Solyndra and A123 Systems.