Today's headlines spell out the likely ultimate doom of His and Her Majesty Barack and Michelle Obama as they demonstrate how out of sync they are with the plight of the American people:
Headline 1: U.S. Stocks Fall After Weaker-Than-Estimated Jobs Report
Key quote, at the bottom of the article of course:
“The recovery is so weak that it is not strong enough to generate new jobs for the new entrants in the labor force, let alone to find jobs for the 15 million Americans who would like a job and can’t get one,” Stiglitz told Bloomberg Television in an interview in Sydney yesterday.Headline 2: First Lady Under Fire for Her Glitzy Spanish Vacation
Yet the bigger public furor concerns the cost and appearance of the trip. In a scathing editorial published Thursday, New York Daily News writer Andrea Tantaros trashed Michelle Obama as a "modern day Marie Antoinette" for taking such a glitzy vacation while most of the country is struggling to make ends meet.The Obama entourage is staying at the luxury Hotel Villa Padierna, a Ritz-Carlton property often described as one of the world's top 10 hotels. Rates range between $500 and $2,500 a night. It's not clear that the Obama delegation picked this hotel specifically, or if the Secret Service — which often gets final say over where a protectee stays — made the accommodations call.Headline 3: Jobs Picture Worsens With 131,000 Losses; 9.5% Rate
U.S. employment fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anemic economic recovery.And of course taxes will be going up for everyone next year, to continue paying for the Obama's extravagant lifestyle and continuing unemployment benefits for the unemployed. Instead of abandoning the demonstrably failed Keynesian approach to "stimulus" and setting the markets free, we the American people have to endure seeing our failed President and First Lady whoop it up. I guess they feel the need to do so while they still can.
Non-farm payrolls fell 131,000, the Labor Department said on Friday as temporary jobs to conduct the decennial census dropped by 143,000. Private employment, considered a better gauge of labor market health, rose 71,000 after increasing 31,000 in June.