Obama's Economy in Shambles, Jobless Rate Rises

While the mainstream media continues in its outrageous behavior towards Obama, attempting to spin the rise in unemployment for Americans as positive news, choosing instead to focus on the 163,000 Nonfarm payrolls jobs added last month.

The jobless rate climbed to 8.3 percent for July, negating the slight bump up in jobs from the last several months, which stood at approximately 75,000 on average during that period of time.

Unemployment jumped because people stopped looking for work.

As for the labor force participation rate, it dropped from 63.8 percent in June to 63.7 percent in July. The rate measures the number of Americans who are looking for or have a job.

In other bad news for the inept Obama, the U.S. economy slowed to an annual growth rate of only 1.5 percent in the second quarter, far below the 3.5 percent growth rated needed to stabilize the unemployment rate.

I'm not sure how a rise in unemployment can be interpreted as good news, but the increasingly corrupt mainstream media is construing it so, as they feverishly work to put Obama back in the White House again, even in light of his inexperience and radical agenda, which has devastated the economy and is tearing apart the country.

It also appears the weak numbers could result in the Federal Reserve again attempting to stimulate the economy in September, as the election looms a couple of months later.

Again, somehow the lackluster jobs numbers and boost in unemployment is somehow being attempted to be made to look like positive events which could stay the quantitative easing hand of Ben Bernanke, the Chairman of the Fed.

While Acts29Review opposes stimulus from the Federal Reserve in any form, it's still bizarre for the media to attempt to make the economy look better than it is in an attempt to prop up the empty suit occupying the White House.