Categorized | News

Dow Says Obama Acted Stupidly and Drops Below 10,000

The jobs numbers for May are horrible any way you look at them. The 431,000 jobs created included 411,000 temporary census jobs. There were only 20,000 private sector jobs created for the entire month.

President Obama is running around trying to tell people the economy is “getting stronger every day.”

Today Wall Street called his bluff. The DOW fell 323 points to close at 9,932 – below the psychological bottom line of 10,000.

Wall Street and the American public are not fooled by the wasteful government policies. The country needs to create between 100,000 and 150,000 jobs per month to break even, as new job seekers enter the market. When you subtract 150,000 from the 20,000 jobs created, May actually saw a decline of 130,000 jobs.

And this president sees that as good news.

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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