By: Jeffrey Klein
Political Buzz Examiner
Barack Obama and the Democrats likely unleashed some fairly bad karma against their future on Wednesday afternoon, when the majority of their conventioneers tossed God, and support for His ‘chosen people,’ off their platform–regardless of the purely ceremonial voice-vote (everyone has seen the picture of Chairman Villaraigosa’s teleprompter screen message passing the measure–before he called for the vote three times in a row).
And it began taking its’ toll this morning, even though it was disguised by the title of an Associated Press article today, “US economy adds 96K jobs, unemployment rate falls to 8.1 percent.”
The Bureau of Labor Statistics (BLS) released the much anticipated report this morning at 8:30 a.m. ET sharp, which did show a drop from 8.3 to 8.1 percent–but, only because another tranche of 367,000 dis-spirited Americans quit looking for work, bringing the U.S. Labor Participation rate to just 63.5 percent…its lowest point in 31 years, according to reporting in Business Insider today.
Although our economy did add 96,000 jobs in August, down further in the article the Associated Press finally revealed that ‘the government also said 41,000 fewer jobs were created in July and June than first estimated … [adding] just 139,000 jobs a month since the beginning of the year, below 2011’s average of 153,000–shockingly low, as it barely budged the unemployment gauge needle, because this rate just keeps up with population growth.
And, the monthly job creation rate is still overwhelmed by initial jobless claims, which have fell in a range of between 360,000 and 400,000 this year, according to Trading Economics.
The weak pace of hiring is the latest sign that businesses are reluctant to make big investments or add more workers.
Associated Press also pointed out that no president, since Franklin D. Roosevelt during the Great Depression, has been re-elected with a jobless rate over 8 percent.
Team Romney also addressed the figure by recognizing that Americans have now suffered unemployment of over 8 percent for a total of 43 straight months–President Obama’s entire tenure in the ‘Oval Office.’
So it was not surprising that in his acceptance speech at the DNC national convention last night, Barack Obama has labeled his failure to right the U.S. economy as ‘incomplete progress’ and, in complete contravention of another key campaign promise, asked voters for another term.
The truth is, it will take more than a few years for us to solve challenges that have built up over the decades.
Then coverage by Sam Stein and Amanda Terkel, in their Huffington Post article today, captured two quotes from his speech that completed Obama’s challenge to voters…
If you turn away now–if you buy into the cynicism that the change we fought for isn’t possible–well, change will not happen.
Only you can make sure that doesn’t happen.
Only you have the power to move us forward.
During Barack Obama’s completely vacuous speech, which is more accurately described as a ‘prayer,’ he asked voters to harken back to the ‘Great Depression’ days of Franklin Delano Roosevelt–and ladled out nothing new, just the same, threadbare Democrat ideas that could only be heard on crackling AM radios–long before black and white TV was widely available.
As the upcoming election is still … ‘all about the economy stupid,’ Barack Obama’s convention ‘prayer’ is likely to fail, not just because he and fellow Democrats have been incapable of solving our crisis, but, just the day before–they slammed their door on Almighty God.
