Obama Approval With Biz Still Low, Economic Confidence Dips
Obama approval at just 37 percent among
Obama approval at just 37 percent among
U.S. private employers added a fewer-than-expected 166,000
President Obama, in a completely partisan speech
The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.
The Labor Department reports the number of Americans Filing for first-time unemployment benefits fell to 292,000 last week from 323,000 the week prior, sharply lower than economists’ expectations that the number would rise to 330,000. It was the lowest level since April 2006, but don’t go and pop the cork just yet.
[youtube http://www.youtube.com/watch?v=mlwzuHXB83k?feature=player_embedded&w=640&h=360]
AEI’s latest Public Opinion Study, now available as an ebook! “Five Years After the Crash: What Americans Think about Wall Street, Banks, Business, and Free Enterprise” examines public opinion in the immediate aftermath of the 2008 crash and in the years since.
The Labor Department reports the U.S. economy added 169,000 jobs in August, missing economists’ expectations of 180,000. The jobless rate fell to 7.3%, the lowest since December 2008, and less than estimates that it would hold steady at 7.4%.
Reuters
The private sector added 176,000 jobs in August, according to the ADP jobs report from the payroll processor. The number missed expectations of 180,000.
U.S. economic growth unexpectedly accelerated in the second quarter, economic news that could bring the Federal Reserve a step closer to cutting back its monetary stimulus. The news comes on the heels of a report that found that 4 in 5 Americans have been experiencing some level of poverty, and white populations suffering more than ever.
After reviewing the latest economic news and the Oxford study conducted on the poverty level, I think that the only appropriate responses are as follows. Congratulations! You ignorant liberals who vote based on envious idle-minded delusions of “fair” collectivist societies have been living in an alternate reality. But now it is time to wake up, that is if it’s not too late, because your allergy to truth and reason has destroyed the middle-class.
