More Proof, If Any Was Needed, That Obama is Destroying the Economy

OldSoldier99

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday February 01, 2013 · 2:13 PM PST

2013/02/01 · 14:13

Well, now he's gone and done it. President Obama has single-handedly destroyed the nation's economy. Proof?

U.S. stocks rallied Friday, with the Dow closing above 14,000 for the fist time since October 2007, as investors welcomed a batch of strong economic data.

If it weren't for his dictatorial, socialistic, colonial-hating world view, we might have been able to pull through. Now? Ruin. Nothing but ruin, as far as the eye can see. I blame Obamacare.

The U.S. economy added 157,000 jobs last month, fewer than the 180,000 economists were expecting, but investors were encouraged by the government's revisions to its 2012 data. The revisions showed that the economy added 335,000 more jobs in 2012 than originally reported.
"The revisions point to a fairly healthy 181,000 per month trend in 2012, which is more than strong enough over time to bring down the unemployment rate," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics.

RSS