Townhall Finance
President Obama Versus President Everyone Else
by John Ransom
Aug 03, 2013 

Another month and another jobs report that's so bad it’s good. At least that’s how Wall Street will look at it, because free money from the Fed will now continue. 

The economy added 162,000 jobs overall, well below the previous few months. Additionally wages and hours fell, meaning workers are bringing home fewer bucks. 

You'll likely hear that unemployment fell but that was largely due to people giving up looking for work. 

Obama’s best tactic so far for combating unemployment has been to convince people that there is no work for them, and where possible, use legislation to discourage full-time job creation, as we see is the case with Obamacare. Why create one job, when you can create two with half the benefit to the economy? 

Only 222,000 Full Tiime Jobs Created in '13-Image Source:ZeroHedge

Known as the labor participation rate, the number of people who are participating in the workforce fell by .1%. The number of unemployed, not coincidentally, fell by 263,000 while the number of people not in the workforce increased by 240,000. 

Nice how that works so well with all the other Obama math. 

This is known to Obama as a “balanced approach.” 

"The [jobs] report is disappointing, with weaker job growth in July compared to the first half of 2013," PNC senior economist Gus Faucher, speaking for the stock market, told ABCNews. "Despite the drop in the unemployment rate, the softer job growth in July, combined with the downward revisions to May and June, makes the Federal Reserve slightly less likely to reduce its purchases of long-term assets when it next meets in mid-September." 

That means the stock market will likely continue to rise... 

Read the rest of the article at Townhall Finance