Another Bad Week For President Obama Unemployment Numbers Increased Over 400,000 Last Week His job Approval Fall And The Number who support His an economic agenda at 26%

Boy, after this week Obama definitely need to get away. Unemployment numbers rise over 400,0000 for the first time in two weeks. His Job Approval has fallen to 39% for the first time this year. Only 26%  approve  his handling  of the economy.  This comes as the economy outlook look bad JP Morgan Chase  says. From James Pethokoukis Reuters Syndication:

On Wednesday, Economic Forecaster-in-Chief Barack Obama said, “I don’t think we’re in danger of another recession.” Shades of John McCain’s “The fundamentals of our economy are strong.”

On Thursday, the stock market – freaked out by Europe’s spiraling debt crisis and a shockingly weak Philadelphia Fed manufacturing report – plunged 4.5 percent. In an unintentional rejoinder to Obama, investment bank Morgan Stanley opined that the United States was “dangerously close” to falling back into recession.

And it may be about to get a whole lot worse for the Obama 2012 campaign. The White House’s worst-case scenario for the economy on Election Day next year has become Wall Street’s baseline scenario. After looking at a string of weak economic reports and Europe’s growing fear of debt meltdown and contagion, JPMorgan – led by Obama pal Jamie Dimon – has just come out with a politically poisonous forecast.

The megabank now thinks the economy won’t grow much faster over the next 12 months than it did during the first half of this year — and that’s assuming Europe doesn’t go all pear shaped. It sees GDP growth at just 1.5 percent this year, 1.3 percent next year with unemployment at … 9.5 percent heading into the final days of the election season. “The risks of recession are clearly elevated,” the bank said. Here’s its reasoning:

Consumer sentiment has tumbled and household wealth has deteriorated. Survey measures of capital spending intentions have moved lower and the housing market shows little sign of lifting. Small businesses, retailers, builders and manufacturers all report a weaker business environment. Global growth has disappointed and foreign growth forecasts have been taken lower. In response we are lowering our projection for growth, particularly in the quarters around the turn of the year.

The President’s poll numbers continue to slide from Gallup,Inc:

Gallup latest Presidential Poll

A new low of 26% of Americans approve of President Barack Obama’s handling of the economy, down 11 percentage points since Gallup last measured it in mid-May and well below his previous low of 35% in November 2010.

Obama earns similarly low approval for his handling of the federal budget deficit (24%) and creating jobs (29%).

The president fares relatively better on foreign policy matters, with 53% of Americans approving of his handling of terrorism and roughly 4 in 10 approving on foreign affairs and the situation in Afghanistan. Also, 41% approve of Obama on education.

If I was him I either call back Congress in session or  go on a low level vacation  with the family. (not Martha’s Vineyard.)

Hat Tip: Ed Morrissey of Hot Air

and Hugh Hewitt

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One response to “Another Bad Week For President Obama Unemployment Numbers Increased Over 400,000 Last Week His job Approval Fall And The Number who support His an economic agenda at 26%

  1. Want to thank all of you, for your stand against Oboma & His political partners,.

    But there is so much more we can do. Being aggressive and focusing on the facts and truth is only the first step.

    We musT follow up with more details and stand by our convictions and dont back down.

    Oboma has NOT brought CHANGE, In fact ~~ THE ONLY real THING needing

    CHANGE !

    Was Barack Hussein Obama II.

    Barack Hussein Obama II ( Who hates American Values )

    Who who is A ” SELF PROCLAIMED Enemy ” ~ of responsible, Morally Conscious

    HARD WORKING Americans.

    oBOMAS supporters KNOW~ that Barack Hussein Obama II, WILL FORCE YOU to

    paY THEM, out of your PockeT ….

    This UN~CHANGABLE fraud, has done His VERY BEST to Inspire VIOLENCE.

    THESE ARE OBAMAS OWN WORDS.. saying “Bring it on” To his supporters.

    Oboma ~ Demands Saying “Get ready for hand-to-hand combat with your

    fellow Americans”

    – Obama has ALSO DECLARED to his Supporters

    “I want all Americans to get in each others faces!–

    Obama demands !

    “You bring a knife to a fight pal, we’ll bring a gun” – Obama Cant wait to get

    everybody involved in some kind OF CONFRONTATION of some sort….

    THESE ARE OBAMAS OWN WORDS..

    Obama has ALSO DECLARED “Republicans are our enemies”-

    ** Obama on ACORN Mobs: “I don’t want to quell anger. I think people are

    right to be angry! I’m angry!”

    ANGER VIOLENCE and more taxes….. THIS IS OBAMAS Change for america

    /“Hit Back Twice As Hard”. He commands !

    THESE ARE OBAMAS Very OWN WORDS..

    *Obama on the private sector: ~~ “We talk to these folks…~ / so I know

    whose a*$ to KICK.“ OBOMA wants to KICK your a*$ /

    Shouting THAT Republican victory would mean ~ “hand to hand combat”

    HE IS EXPECTING people to kill & BE VIOLENT / for their immoral CAUSES

    THIS IS WHAT HE LIVES FOR
    THESE ARE OBAMAS OWN WORDS..
    * Obama Tells democrats: “ I’m itching for a fight.” !

    PLEASE go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~ In

    that oBOMA~~~ Demands ! — [ THE FINAL SOLUTION – for Un~Wanted Children

    Barak Obama A MURDERER .~Torturing UNWANTED babys on DEATH ROE

    http://obomanationinfanticide.sharepoint.com/Pages/default.aspx

    OBAMA supports TAKING a little NEW BORN innocent child.. / BORN. ALIVE ~

    sTabing it iN the head & SUCKs ITS BRAINS OUT.

    He also demands, that a Child SURVIVING a FAILED ABORTION, Has no RIGHT to

    Life or medical care. ({ After being tortured in pain and agony }

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