More Good News From The Republican White House

[Nomad]

Associated Press

McCain Quotes:







The U.S.'s unemployment rate zoomed to a five-year high of 6.1% in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.

The Labor Department's report, released Friday, showed the increasing toll the housing, credit and financial crises are taking on the economy.

The report was sure to rattle Wall Street again. All the major stock indexes tumbled into bear territory Thursday as investors lost hope of a late-year recovery. With the employment situation deteriorating, there's growing worry that consumers will recoil, throwing the economy into a tailspin later this year or early next year.

The jobless rate jumped to 6.1% in August, from 5.7% in July. And, employers cut payrolls for the eighth month in a row. Job losses in June and July turned out to be much deeper. The economy lost a whopping 100,000 jobs in June and another 60,000 in July, according to revised figures. Previously, the government reported job losses at 51,000 in each of those months.

The latest snapshot was worse than economists were forecasting. They were predicting payrolls would drop by around 75,000 in August and the jobless rate to tick up a notch, to 5.8%. The grim news comes as the race for the White House kicks into high gear. The economy's troubles are Americans' top worry.

Wachovia Corp.(WB: 16.75, +1.22, +7.85%), Ford Motor Co. (F: 4.41, +0.02, +0.45%), Tyson Foods Inc.(TSN: 14.23, +0.35, +2.52%) and Alcoa Inc.(AA: 28.30, -0.26, -0.91%) were among the companies announcing job cuts in August. GMAC Financial Services this week said it would lay off 5,000 workers.

Job losses in August were widespread. Factories cut 61,000 jobs, construction firms eliminated 8,000 jobs, retailers axed 20,000 slots, professional and business services slashed 53,000 positions and leisure and hospitality got rid of 4,000. Those losses swamped employment gains in the government, education and health.

Job losses at all private employers -- not including government -- came to 101,000 in August.

The government said workers age 25 and older accounted for all the increase in unemployment in August.

Workers saw wage gains in August, however.

Average hourly earning rose to $18.14 in August, a 0.4% increase from July. Economists were forecasting a 0.3% gain. Over the past year, wages have grown 3.6%, but paychecks aren't stretching as far because of high food and energy prices.

Caught between dueling concerns of slow growth and inflation, the Fed is expected to leave a key interest rate alone at 2% when it meets next on Sept. 16 and probably through the rest of this year. Concerned about inflation, the Fed at its last two meetings didn't budge the rate. Before that, though, the Fed had aggressively cut rates to shore up the economy.

With the Fed on the sidelines, Democratic presidential nominee Barack Obama has called for a second round of government stimulus, while his Republican rival John McCain has favored free-trade and other business measures to spur the economy.

[Galbally]

Look, its not the Republicans fault, or Wall Street, its those damn East Coast Media liberals, they have been throwing bits of paper through the window to George telling him to run up 800 billion dollar deficits. He is a simple country boy who doesn't realize he doesn't actually have to do everything that someone presents to him written down on a piece of paper. God damn crafty democrats. :wah:

My prescription for fixing your economy.



Read the bible more, it has all the answers.

Get some more guns and shoot them randomly at some animals to boost morale

Invade Pakistan for a laugh, they have stupid moustaches

Give out more money to irresponsible people to buy things they don't need

Invade Iran as well for another laugh, GOD DAMN YOU SHi-iTES

Close down all those GOD DAMN liberal Universities and media organizations (like MIT and ABC)

Shell the Russian positions in Poti from your ships in the black sea, damn Comi-Nazis

Execute everyone who doesn't have health insurance, problem solved

Invade Venezuela, they have oil, they are South Americans, its a no brainer.

Get some more guns and stand in a line on the border with Mexico, that will show them, REVENGE FOR THE ALAMO

Nuke Europe, they are all atheist fags, especially that haven of evil, France.

Read the bible again and work out all the justifications for the previous set of actions

Go to bed, sleep like a baby

[Nomad]

Read the bible more, it has all the answers.

Get some more guns and shoot them randomly at some animals to boost morale

Invade Pakistan for a laugh, they have stupid moustaches

Give out more money to irresponsible people to buy things they don't need

Invade Iran as well for another laugh, GOD DAMN YOU SHi-iTES

Close down all those GOD DAMN liberal Universities and media organizations (like MIT and ABC)

Shell the Russian positions in Poti from your ships in the black sea, damn Comi-Nazis

Execute everyone who doesn't have health insurance, problem solved

Invade Venezuela, they have oil, they are South Americans, its a no brainer.

Get some more guns and stand in a line on the border with Mexico, that will show them, REVENGE FOR THE ALAMO

Nuke Europe, they are all atheist fags, especially that haven of evil, France.

Read the bible again and work out all the justifications for the previous set of actions

Go to bed, sleep like a baby





As God as my witness it is a crying shame you are not a certified citizen of the US of A so you could put that Gallbladder name on the Preseedential ticket with Nomad as your running mate !

Im going squirell hunting now.