Backup Plan

On the heels of today's "unexpectedly" weak employment data, Alan Krueger, chairman of Obama's Council of Economic Advisers, said the ‘economy is continuing to heal,' that there were ‘no quick fixes’ and it was ‘important not to read too much into any one monthly report.'

According to the campaign of Republican presidential contender Mitt Romney, the Obama Administration has warned that people should ‘not read too much’ into particular monthly job reports at least 30 times since November 2009.

With this in mind, I reckon that President Obama will have no trouble getting a job as a Wall Street "analyst" if his bid for reelection fails.

Alternatively, he can always go and join the circus.

 

Comments

[Chapter 7 Bankruptcy Attorney]

Such a great image, thanks for the post!

[Tom]

Oh, ok - so i guess Rmoney a known corporate raider who eliminated thousands of American jobs and sent many overseas to China and India, who keeps a bunch of his money in off-shore accounts to avoid the taxes WE have to pay, who will eliminate most if not all of the safeguards that protect our water and air quality for his big business buddies - yeah, i guess that's the guy we want to "fix" the economy that the REPUBLICANS ran into the ground with GW BUSH!!!

[Robert]

All I know is that someone who can give amnesty to well over a million non citizens when there are millions of American citizens looking for employment, well that is someone that has his priorities bass ackwards!

[roger]

In the news to day,here in California farmers will lose hand picked crops due to acute shortage of labor,:comment made by farmer,native born do not want the job and native born are not physically able to do the job"
hand pick crops will have to be imported therefore they will cost more.
As for the presidency in November our well informed citizens will be able to replace one clown by another clown.

[stevefraser]

Great picture of the Emperor...he should use it in his campaign to perk the people up, give them something to laugh about, i.e., take their mind off their troubles.

[OhioRiver]

Wall St. won't give him a job, but they will finance him to become head of the United Nations where he is still liked around the world.

It's really all a puppet show of two puppets with strings attached to them and controlled by puppet master to entertain us.

Just read a great thriller about Americans who actually do take a stand against federal tyranny. It's a thriller so I recommend it cause it's about today's events.

www.booksbyoliver.com

Ultimately, freedom comes directly from the people and the right leadership. Great article.

[eugene12]

Personally, I think there are good, competent people who would run for president but they take a long hard look at what Americans will elect and say no way. Waste of my time and money!! I figure who we elect is a reflection of us. So the man/woman who lies with the straightest face, promises the most free perks, promises more jobs, bigger houses and cheap energy, promises a painfree future for each of us and, above all, avoids stating the obvious will be the next president.

As far as I can tell, the greed/corruptions starts in my own county and runs to the very top of government. And it's not just government, we lie to each other, cheat on each other, the car I buy is misrepresented for a quick sale and the game goes on. Are there good, honest people, you bet!! They're just a whole lot fewer and farther apart than we like to admit. I admitted to myself long ago, that as the money increases, my ethics slide. I do have lines I will not cross but facing where they really were was a sobering experience. So maybe, just maybe that clown drawing has some realities we want to ignore.

[Bam_Man]

Clearly, in our Orwellian politics, we should only "read a lot into" the economic reports that are good. The ones that are not good potentially fall into these two categories:

1) Not good, but "better-then-expected"
2) Not good, but "shouldn't be paid attention to".

[roger]

American business who employs some of the best psychologist
always promises "buy two get one free" politicians whom most of them are business people use that method to get elected,unless one is a total brainless twit that should tell us something about the American culture.Yes we get the
government we reserve.

[sharonsj]

Robert, Obama did not give illegal aliens amnesty. He just told immigration not to deport college students and those in the military. If you're going to bitch about something, get your definitions straight.

As for middle class jobs, there aren't any for a variety of reasons. But don't expect any jobs from Romney. He is a vulture capitalist who only learned how to make money for himself and his co-investors by squeezing every penny out of any company they acquired. So somewhere between 20-25% of the companies they owned were forced into bankruptcy because it was more profitable--workers be damned.

Government is not supposed to be a business; it's not run for profit, it's run for the benefit of us Americans. Perhaps if Republicans cared more about us than about screwing Obama, we'd be in better shape.

[Robert]

Roger,

I wasn't "going to bitch about something" I was stating a fact. Obama announced immunity from deportation illegal immigrants who were brought to the U.S. when they were 16 or younger(how do you prove that?) and who are younger than 30. I did not see anything about being a college student. I would suggest you do some research and get your "definitions" straight. One additional point is that they can apply for a two year work permit that can be renewed indefinitely which sounds like amnesty to me. Perhaps if Obama cared more about the American people than pandering to special interest groups then he might actually get something accomplished.

[Robert]

My apology, my response was to sharonsj,

[stevefraser]

Good post, Tom....BTW, when will President Obama be able to ramp up his "internal security force with funding greater than the military"? As things are going, he'll need it to maintain power to do good for the forseeable future, don't you think?...and also we need to be ready for the GOP to scream that this is just like the SS in last century's Germany, especailly when some overeager DEMS over reach and use Obama's internal security force to crush their enemies.

[phony baloney]

nothing is healed until the rule of law makes a come back....

Glenn Greenwald: It is a Disgrace that we have not Prosecuted Crimes on Wall Street; Obama is being Deceitful

Four years after the 2008 economic crisis, not a single top Wall Street executive has gone to jail. "These executives knew that they could take these huge risks and even break laws and pay no real price, and that’s what happened," says Glenn Greenwald, author of With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful, and a blogger for Salon. "It’s not just a travesty of justice that we haven’t punished them for past transgressions. The real danger is that we’re continuing to send the signal to the world’s most powerful financial actors that they don’t have any fear of criminal accountability when they commit these obvious crimes."

http://www.capitalismwithoutfailure.com/2012/07/glenn-greenwald-it-is-disgrace-that-we.html

[bamboo investments]

Peggy Noonan had a great piece along the same lines as this a week or two back. Great image by the way!

[Marion Shaw]

International bankers and big business types fell into
low regard after the great stock market crash of 1929;
which had actually been in the making for several years.
The Hugo Black Hearings in 1934 exposed massive manipu-
lation and corruption of the system: one example is
William Boeing (yes that Boeing) who parlyed a 350.00
investment into a cool nine million profit. There were
many bankers involved as well although not all.
A post mortum of the system, after the Great
Depression gripped the world, was the rather obvious
but authentic observation that whenever the banking
system and markets fail, corruption is the cause.
Charles Schwab was quoted as saying in New York on
the evening of Oct.28,1929, that business was sound
and prospects never looked better in America. Experts
like Babson knew better, but he was one of the voices
crying in the wilderness.

[conflicts of interests reign supreme]

“Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.” – Nouriel Roubini

http://sgtreport.com/2012/07/roubini-on-2013s-global-perfect-storm-and-greedy-bankers-hanging-in-the-streets/

[CFD Trading]

Nice picture of our beloved president. Perhaps next time Mr Bernanke in the same suit?