The U.S. Economy created no new jobs in August. The real unemployment rate is 16.2% and Manufacturing lost jobs creating a fear of Contraction. Meanwhile, the Labor Secretary is blaming Congress saying that she has solutions that she knows will work but there waiting for Congress.
(So why are they waiting to tell us about them - Oh that's right the President was on vacation - again and he needs a National TV Audience in order to share his solutions.)
"Jobs creation remains weak, because temporary tax cuts, stimulus spending, large federal deficits, expensive and ineffective business regulations, and increased health care mandates and costs do not address structural problems holding back dynamic growth and jobs creation—the huge trade deficit and dysfunctional energy policies," Peter Morici, economist at the University of Maryland, said in an analysis.
http://www.cnbc.com//id/44370439
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