...Terror is an excellent form of social control.
Panicked, frightened, desperate, nervous, and impoverished people are easier to control. They are much more willing to give up their freedom in exchange for the meager crumbs the government deigns to bestow.
The destruction of the US economy is the goal of the Bolshevik wannabes of the fascist left. The uncertainty and apprehension we all feel is the main policy goal of the blood soaked ghoul in the Oval Office and the sick sycophants who surround him.
You are being controlled.
The AP tries to shield their buttboy in the White House by going all Wonderland on us. Up is down. Bad is good. It's El Nino. [Racist.] It's the tsunami. It's Bush.
Signs point to an economy growing more slowly
WASHINGTON – The economy is tiring again.
Reports Wednesday on manufacturing and company hiring were so weak that many economists immediately downgraded their forecasts for Friday's jobs report for May. Some analysts also slashed their estimates for growth in the April-June quarter.
"We're definitely in a soft patch," says Steve Blitz, senior economist for ITG Investment Research.
No one knows whether the slowdown is a temporary setback or the start of a prolonged period of anemic growth. Many analysts hold out hope that the economy will rebound in the second half of 2011.
They say some of the problems restraining growth now — high oil prices, U.S. natural disasters and supply disruptions from Japan's earthquake — will likely prove temporary. And they recall that the economy shrugged off a similar mid-year slowdown in 2010, in part because the Federal Reserve embarked on a program to keep interest rates at historic lows.
But for now, signs of a more sluggish stage of the economy are spreading. The Dow Jones industrial average plunged nearly 280 points, or 2.2 percent, wiping out more than one-fourth of the year's gains. The Dow's plunge followed news that:
• U.S. manufacturing output expanded in May at the slowest pace in 20 months.
_The payroll firm ADP said private employers added a net total of just 38,000 jobs in May, the lowest figure since September and down sharply from April's 177,000.
• Auto sales tumbled last month after surging earlier in the year.
• Construction spending remained scarcely above its lowest level in more than a decade.The ADP numbers, in particular, led economists to turn gloomier about Friday's government report on unemployment and job creation for May. Hiring has been robust in recent months: It's averaged a net 233,000 each month since February. And the unemployment rate has tumbled from 9.8 percent in November to 9 percent in April.
Few jobs added in May; unemployment up to 9.1%
WASHINGTON (AP) -- Employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent. The weakening job market raised concerns about an economy hampered by high gas prices and the effects of natural disasters here and abroad.
The key question is whether the meager 54,000 jobs added last month [About half of those came from McDonald's yearly hiring of teens for part-time work. Remember the good old days when Obama and the other commies derided "hamburger flipper jobs" as a sign of Repansycan hatred of the poor and unskilled? Now they are a sign of Mr. Mulatto's genius. - F.G.] mark a temporary setback or are evidence of a more chronic problem. That total is far lower than the previous three months' average of 220,000 new jobs per month.
Private companies hired only 83,000 new workers in May -- the fewest in nearly a year.
Stocks on Wall Street fell for the third straight day. The Dow Jones industrial average was down 76 points in late-morning trading. Broader indexes also dropped.
Many analysts suggest the economy will improve later this year, particularly if gas prices continue to decline.
But Friday's report underscores that the recovery will likely remain weak and unemployment high for many months.
"The recovery has not been derailed, but it's slow," said Michelle Meyer, an economist at Bank of America Merrill Lynch. "We're still in a muddle-through period."
Among the deepest job cuts were in local governments, which cut 28,000 jobs last month, the most since November. Nearly 18,000 of those jobs were in education. Cities and counties have cut jobs for 22 straight months and have shed 446,000 positions since September 2008.
The anemic pace of job creation poses a challenge to President Barack Obama's re-election prospects next year. The Conference Board, a business research group, predicts that the unemployment rate will be 8.5 percent by the end of next year. That would mean Obama would face re-election with a higher unemployment rate than any other post-war president has.
Yet there's little appetite on Capitol Hill for additional stimulus spending. And the Federal Reserve plans to wrap up its most recent effort to pump money into the economy at the end of this month.