American employers stopped hiring in August. According to CNBC reports, this is the first time since World War II that our economy has had a net zero jobs created during a month. The weak economy situation was underscored Thursday by the Obama administration, which estimated that unemployment will average about 9 percent for the next year, when Obama will run for re-election. The unemployment rate was 7.8 percent when Obama took office.
And it just keeps getting better ….
Next week, Obama will deliver a much anticipated presidential address to a joint session of Congress, introducing his plan for creating jobs and boosting economic growth. That is, if Congress will just get focused, and give him his plan by then!