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President Zero

President Zero

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Two And A Half Years Of Obamanomics And Nothing To Show For It
Two And A Half Years Of Obamanomics And Nothing To Show For It

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Published by: Republican National Committee on Sep 06, 2011
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09/06/2011

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Paid for by the Republican National Committee.310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - www.gop.comNot authorized by any candidate or
candidate’s committee.
 
September 2, 2011
President Zero
Two And A Half Years Of Obamanomics And Nothing To Show For It 
______________________________________________________________________
The Washington Post’s
Chris Cillizza:
“ 
 Zero Jobs Created In August. President Obama,
Call Your Office.” 
 
(Chris Cillizza,Twitter Feed,9/2/11)
 THE ECONOMY ADDED ZERO, ZIP, NADA JOBS IN AUGUST AND THE UNEMPLOYMENTRATE REMAINS ABOVE NINE PERCENT
Bureau Of Labor Statistics:
Nonfarm Payroll Employment Was Unchanged (0) In August, And TheUnemployment Rate Held At 9.1 Percent, The U.S. Bureau Of Labor Statistics Reported Today.
 
(Bureau Of Labor Statistics,
“The Employment Situation –
August 2011,
 
 
,9/2/11)
Politico
: The Fact That The Economy Added No Jobs In August Is
 A Stunning Development.
 
In astunning development, the economy added no net jobs in August, despite forecasts predicting roughly75,000 new jobs would be created - and the unemployment rate remained 9.1 percent.
 
(Mackenzie Weinger,
August Jobs Report Show No Net Gain,
 
,9/2/11)
 
 
Politico
:
“The Labor Department’s
 Announcement Friday Comes As A Major Blow ForPresident Barack Obama
…”
(Mackenzie Weinger,
“August Jobs Report Show No Net Gain,” 
,9/2/11)
 Diane Swonk, Chief Economist At Mesirow Financial:
Bottom Line, This Is Bad.
 
(CNBC
s
Squawk Box,
 9/2/11)
 
 
MSNBC
s Simon Hobbs:
Just to Repeat, No Jobs At All.
 
(MSNBC
s,
Morning Joe,
9/2/11)
CNN
s Christine Romans:
This
Is A Labor Market That’s Doing Nothing Essentially.”
 
(CNN
s
AmericanMorning,
9/2/11)
 
 
CNN Money:
 
Hiring Slammed To A Complete Halt In August, As Several Fresh Challenges Put The American
Economy In Turmoil.”
(Annalyn Censy, “No Jobs Added In August,” 
 
 , 
9/2/11)
The Washington Post’s
Ezra Klein:
New Jobs? Sorry
, We Don't Have Any Of Those.”
 
(Ezra Klein, TwitterFeed,9/2/11)
 
CNBC:
It Was The First Time Since World War II That The Economy Had A Net Zero Jobs
Created For A Month.”
(“Economy Gains No Jobs In August, Rate Holds At 9.1%,” 
9/2/11)
 ABC News
:
“The Fact That No Net New Jobs Were Added In August Was Another In A String Of Disappointments For The Economy.”
(Lyneka Little, “U.S. Employers Add No New Jobs In August,”
 ABC News,9/2/11)
 
 
 
Paid for by the Republican National Committee.310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - www.gop.comNot authorized by any candidate or candidate
s committee.
2
 
 
Peter Morici, Economist At The University Of Maryland: “The Economy Is AbsolutelyFailing.”
 
“‘The economy is absol
utely failing, and it's not likely to turn around with the present 
policies,’ said Peter Morici, an economist and professor at the University of Maryland. ‘I hold littleprospect of hope for what the president will state on Thursday.’”
 
(Lyneka Little, “U.S
. Employers Add No New Jobs
In August,
 ABC News,9/2/11)
 A YEAR AGO, OBAMA SAID THAT THERE WERE BETTER DAYS AHEAD, NOW HISWHITE HOUSE PROJECTS HIGH UNEMPLOYMENT FOR YEARS TO COME
President Obama After The September 2010 Jobs Report 
: “
But I Want All Americans To RemindThemselves There Are Better Days Ahead
.”
 
(President Barack Obama, Remarks By The President On Monthly Unemployment Numbers,WhiteHouse.gov,9/3/10)
 
Now The White House Predicts That Unemployment Will Remain Above Nine Percent Through 2012.
 
In an effort to take into consideration changes in the economic climate that haveoccurred since June (turmoil in Europe, natural disasters domestically, etc....) OMB offers an"alternative economic forecast" along with the Mid-Session Review. Under that model, theunemployment rate takes even longer to decline, going from 9.0 percent in 2012, to 8.5 percent in2013 to 7.8 percent in 2014. In 2016 it hits 6.1 percent.
(Sam Stein, “
White House Report: Unemployment Rate Above
6 Percent Until 2016,” 
,9/1/11)
 
 
“If Job Growth Does Not Accelerate, It Could Take More Than Four Years To Re
turn To ThePre-
Recession Employment Level.”
 
(Lucia Mutikani, “Slumping U.S. Confidence Likely Curbed August Hiring,” 
,9/2/11)
 
The White House
s Prediction For Economic Growth Was Lowered By A Full Percentage Point Compared To Their Estimate Earlier This Year.
 
The figures from the White House budget officepredict that the economy will grow by just 1.7 percent this year, a full percentage point less than theadministration predicted at the beginning of 2011. The economy grew by just 0.7 percent in the first half of the year, the slowest pace since the recession ended two years ago.
(Andrew Taylor, “$1.3T Deficit Projected As
Economy Cool
s,” 
,9/1/11)
 
 
The OMB Says That Growth Has “Not Been Strong Enough To Bring Down TheUnemployment Rate To An Acceptable Level.”
 
“In sum, economic growth and job creation,
 while positive, have not been strong enough to bring down the unemployment rate to an
acceptable level.”
 
(“Fiscal Year 2012 Mid
-
Session Review,” 
The Huffington Post 
’s Sam Stein: “On The Jobs
-
Front, The News Remains Largely Grim.”
 
(Sam Stein,
White House Report: Unemployment Rate Above 6 Percent Unt 
il 2016,
,9/1/11)
WITH JOBS SCARCE AND THE ECONOMY STILL SPUTTERING, AMERICANS GROWMORE DISAPPOINTED IN OBAMA
“New White House Budget Projections Indicat 
e A 9 Percent Unemployment Rate Next Year As
President Barack Obama Tries To Win A Second Term.”
 
(Andrew Taylor, “$1.3T Deficit Projected As Economy Cools,” 
,9/1/11)
 
 
Nearly 65 Percent Disapprove Of Obama’s Handling Of The Economy.
 
“Nearly two
-thirds - 65percent - of respondents to a CNN/ORD poll released on Thursday said they disapproved of the
president’s handling of the economy. Voters also gave thumbs down on other aspects of Obama’s
policies as they relate to the economy. CNN found that 66 percent of respondents said they
disapproved of the Obama’s handling of the federal deficit, a
nd 62 percent said that they
disapproved of his handling of unemployment.”
(Tim Mak, “Poll: Obama Approval On Econ Dips,” 
,9/1/11)
 
Number Of American Workers Worried About Losing Jobs Returns To 2009 Record High.
 
“American workers' concerns about various job
-related cutbacks have returned to the record highs seen

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