President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (114678)	6/4/2012 11:17:50 AM
From: RetiredNow	Read Replies (1) of 149317

This "recovery" was never anything but a sugar high from fiscal and monetary stimulus. Now that it is wearing off, the market is returning to it's long run potential, which means we're contracting back to equilibrium. Keynesianism has failed and more Keynesianism will continue to fail. Are we all ready to hold the banksters accountable and get Obama to enact real reform, starting with prosecuting people like Corzine of MF Global for stealing from the American people, instead of shielding him because he was a big campaign donor? --------------- Factory Orders In U.S. Unexpectedly Decline For Second Month bloomberg.com Bookings dropped 0.6 percent after a revised 2.1 percent decrease in March, the first back-to-back declines in more than three years, figures from the Commerce Department showed today in Washington. The last time bookings decreased in consecutive months was in January and February 2009. The labor market stumbled in May as employers added the fewest workers in a year and the unemployment rate rose, figures from the Labor Department showed last week. Payrolls climbed by 69,000 last month, less than the most- pessimistic forecast in a Bloomberg survey, after a revised 77,000 gain in April that was smaller than initially estimated. The jobless rate rose to 8.2 percent from 8.1 percent.

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