Former Solyndra employees

Yesterday: Job news could be so good that it’s bad. Consensus, 210,000 new jobs, diminishing chances of more free money from the Fed.

Today: Job news so bad that it’s good?  “Disaster” as jobs report misses expectations.  120,000 new jobs, so will the printing presses get busy? It’s an election year and the Federal Reserve is under the sway of a guy running for reelection. What do you think?

War against Iran grows closer.


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7 responses to “Oops!

  1. Anonymous

    Number of people not in the labor force at an all time high of 88 million.

    However, some segments of the economy are doing very well thanks to the President. March, 2012 background checks for firearm sales are up 20% YoY, the 22nd straight month of increasing background checks for firearm sales.

    Sturm Ruger of Southport, CT has stopped taking new orders until the end of May, because even with all the recent capacity expansion, they just can’t make them fast enough.

    Firearm Salesman of the Year, for the fourth year in a row: Barack Hussein Obama!

  2. Out Looking In

    Fed Chairman Bernanke is a serial money printer. The Bernank will print and print and print, as confiscation of wealth (savings) via purchasing power dimunition is always preferable to a nominal drop in asset prices.

  3. CatoRenasci

    And, the only reason the “unemployment rate” is going down is because fewer people are in the labor force as their 99 weeks runs out and they give up.

  4. Anonymous

    The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. Close to 10 million people have dropped out of the labor since 2008.

    Bernanke expressed doubts the recent job gains could be sustained, and March’s weak report was in line with expectations that economic growth slowed to an annual pace of 2 percent in the first quarter from the 3 percent rate in the October-December period.

  5. Anonymous2

    Message to Rush Limbaugh:
    Just as you did four years ago with your efforts to influence the Hilary/Obama primary race this time you need to encourage the unemployed NOT to act in a way that lets government pollsters categorize them as “discouraged workers” and out of the labor force and thus uncounted in the unemployment rate computation. This will push up the headline unemployment rate to Obama’s detriment, or at least, it will tend to negate the regime’s efforts to make the employment picture look better than it is.