Another Friday and more bad employment numbers!

We usually add a cartoon to our posts to bring a little humor.  After all, it's OK to laugh and post serious stuff at the same time.

However, this is no time for laughing in the US.

This cartoon is true and right on target for many US families, specially more and more fathers who can't find work!

It used to be TGIF or Thank God it's Friday! 

We say now "don't tell me it's Friday again", specially the Friday of the month when the unemployment numbers and figures are released:

"Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession. The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010."

Yes, you read correctly: NO JOBS GROWTH! 

How can this happen 2 years & 6 months after we spent US$ 787 billion in something called "the stimulus"?  How can the world's largest GDP (estimated at US$14 trillion) not have job growth? 

I guess that we can finally say that the stimulus had everything but stimulation!

What will this mean for Pres BO's anticipated "jobs speech" next week?  It means that Pres BO will have a lot more than the NFL opening game to deal with.  He will have to speak to more and more skeptical voters, as his most job approval numbers confirm. (RCP average is 43.7%)

On a related note, we also learned today that Solyndra, the company that got a huge federal loan and was the face of "the stimulus" plan, is closing and laying off people:

"Solyndra was the first company to be awarded a federal loan guarantee under the stimulus, worth $535 million.  Taxpayers are likely to end up on the hook for much if not all of that amount, a highly embarrassing development for President Obama because he was among the company's biggest cheerleaders.  He visited its Fremont plant in May 2010 even though PricewaterhouseCoopers had weeks earlier raised doubts about its plans for an initial public offering by questioning whether it could continue as a going concern."

Another central planning failure?  This is what happens when governments "pick" companies to make ideological points but run into market realities.  At least, we only guaranteed one plant loan!

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Tags: The US economy and Labor Day 2011  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!