Shocker... another politician with no clue

[Cancel 2016.2]

http://www.reuters.com/article/idUSTRE6534IN20100604?type=politicsNews

Obama has shown once again that politicians don't have a fucking clue when it comes to economics. With regards to the job numbers that came out today, Obama states:

"This report is a sign that our economy is getting stronger by the day," Obama said ...

The Labor Department said on Friday payrolls rose 431,000 as the government added 411,000 workers to conduct the U.S. Census, the largest monthly increase since March 2000 and one that marked a fifth straight month of gains.

But U.S. private employers hired fewer workers than expected in May, just 41,000 after rising 218,000 in April, a setback for the labor market recovery, even as temporary Census hiring pushed overall payrolls growth to its fastest pace in 10 years.

Yet, the private sector pulled way back in hiring for the month. While it IS still a gain, it is minuscule and in no way suggests the economy is getting stronger.

Give Obama a bit of credit though for at least getting something right...

Obama acknowledged that most of the new jobs were the Census positions.

"So these are temporary jobs that are going to last until the fall, and that may be reflected in future jobs reports," he said.

At least he understands that the temporary jobs are... temporary.

 

[SmarterthanYou]

the sad thing about this 'breaking news' is going to be the amount of spin the Obamanites put to it and the number of sheeple out there who will actually believe in it.