The Energy Department's Steven Chu had better include hobo tears as part of America's "all of the above" energy strategy, because according to the latest data, they are our main renewable resource.
The non-farm payroll report, which President Obama had seen before last night's acceptance speech at the DNC, had been embargoed from the public until 8:30 this morning. Payroll increased by 96,000, well below analysts' expectations and though the unemployment rate dropped from 8.3% to 8.1%, this was due to people dropping out of the labor force. At this point, instead of an embargo, President Obama will be calling for sanctions on the Bureau of Labor Statistics until these numbers improve.
Incidentally, while private payrolls grew slightly, the government shed 7,000 jobs; another surprise installment of Sharia Socialism.
Photo by Kevork Djansezian/Getty Images News/Getty Images
Tags: Barack Obama, Economy, Unemployment