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Obama To Speak On Jobs At 11:00 am, BLS Commissioner To Testify On July Jobs At 12:45pm

Submitted by Tyler Durden on 08/05/2011 08:13 -0400

Just like on the last NFP release, we now have Obama again addressing the country at 11:00 am on the "jobs situation." The more conspiratorially minded saw in the last statement an indication of a major beat only for the final number to be an abysmal miss. We would not read much into this scheduled conference, although if anyone knows the job number in advance, it is the Teleprompter. Another interesting, if once again prescheduled data point is the 12:45 pm testimony of BLS commission Keith Hall to the Joint Economic Commitee. This is also a recurring monthly event.

From Goldman Sachs:

11:00 am – President Obama speaks on Jobs. At the Navy Yard in DC. He is expected to propose a new tax credit for hiring veterans. During the signing ceremony of the Budget Control Act on Tuesday, the President signaled that the White House would be “discussing additional ideas in the weeks ahead to help companies hire, invest and expand.” This apparently envisions proposals beyond the extension of the payroll tax cut and emergency unemployment compensation, which expire at the end of the year (we assume extension of the payroll tax cut in our forecast). Given a focus on deficit reduction in Congress, the question at this point is whether the proposals will be like today’s—helpful but limited in scope—or potentially something with a larger aggregate effect.

12:45 pm – BLS Commissioner Keith Hall testifies on the employment situation in July. The usual monthly post-payrolls testimony. In the Joint Economic Committee.

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Fri, 08/05/2011 - 08:14 | 1526205 slaughterer

By 11.00 am, the S&P should be 1180. I guess Obama thinks he can keep it from going to 1150 by EOD through his glamour and "limited but helpful" proposals.

Fri, 08/05/2011 - 08:51 | 1526317 MassDecep

Some of us are still working at 11:00am, so I assume this is for the non-working unfortunate sheeple. What's really sad is a lot of them voted for all these czars, and still cling to the rhetoric. BTW, the plummeting markets yesterday were the best present this abomination could get for its birthday. I bet he slept great last night grasping his Satanic bible along with Alinsky literature. The Nations destruction, Right on Schedule. . zzzzzzzzzz

Fri, 08/05/2011 - 09:00 | 1526376 km4

Obama says I'm going to Ride Bus Around Midwest, Yelling 'Jobs' http://gaw.kr/o144qo

Fri, 08/05/2011 - 10:09 | 1526631 TruthInSunshine

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit. And another thing, we need a President who is committed to assisting Main Street over Wall Street, as Main Street is the source of job creation, and Wall Street is the source of money shuffling and, in fact, job destruction in the form of parasitism and crowding out, bitchez.”

March 2006

--Sen. Barack Obama, D-Ill

Fri, 08/05/2011 - 08:28 | 1526206 wang (not verified)

December 4, 2009 Obama on Jobs (Whimpy could not have said it better)

yesterday, at the White House, we had a forum on jobs and growth, with leaders from every sector of our economy and every political and economic viewpoint -- from the CEO of Google to small business owners who know our economy as well as anybody. And I wanted to ask them what they needed to start hiring again. And we had a frank discussion about a variety of ideas that helped refine our thinking.

We talked about investments in clean energy, to not only create jobs but to make America a global leader in renewable energy technology. (Applause.) We talked about incentives for homeowners, for the materials and labor they need to make their homes more energy efficient. And a smart electricity grid that saves you money and moves our economy forward.

We talked about additional ways to lift small businesses, which are both a great generator of jobs and the truest reflection of our values. We talked about additional investments in America's roads and bridges and railways and ports. Nobody has been a bigger champion of this than Governor Rendell, rebuilding the critical infrastructure of our economy.

So on Tuesday, I'm going to speak in greater detail about the ideas I'll be sending to Congress to help jumpstart private sector hiring and get Americans back to work.

http://www.nytimes.com/2009/12/05/business/economy/05obama.text.html?pag...

Fri, 08/05/2011 - 08:15 | 1526209 the not so migh...

the teleprompter onslaught shall save us.

Fri, 08/05/2011 - 08:20 | 1526215 GeneMarchbanks

"From Goldman Sachs:" - All you need to know.

Obama's word cloud will be: Jobs, Hiring, Family and presumably Economy.

Fri, 08/05/2011 - 08:20 | 1526217 HelluvaEngineer

"The situation is - I'm gonna get my grill on. Big O out!"

Fri, 08/05/2011 - 08:20 | 1526218 Mercury

I predict that he will promise to focus like a laser on job creation.

Fri, 08/05/2011 - 08:21 | 1526219 Debtless

I was shocked at all of the news on upcoming layoffs. This won't reflect that I'm sure - as if i were in charge of making up numbers to calm the shit from from swirling around the bowl - i'd pull a huge one out today. And revise it later when no one's listening. But that's just how I'd calm the sheeple.

Fri, 08/05/2011 - 08:22 | 1526221 LoneStarHog

NOTICE THE TIME ... It is EXACTLY after the PHYSICAL gold/silver markets CLOSE in London ... It is EXACTLY when the markets can be BOMBED with WORTHLESS paper derivatives ... It is EXACTLY more BULLSHIT !!!!!

Fri, 08/05/2011 - 08:22 | 1526223 Josh Randall

Should have Voted for Summer, instead of this Pedro character

Fri, 08/05/2011 - 08:23 | 1526225 Doubleguns

Again it will only be talk.

Fri, 08/05/2011 - 08:23 | 1526226 mayhem_korner

He is expected to propose a new tax credit for hiring veterans.

Hmm...let's connect the dots here.

Stalemate in Super-Congress leads to automatic defense cuts...which leads to a recall of a boatload of deployed troops (all of whom could use a job), and...hold, hold...voila! the withdrawal of troops is effectuated and job creation can be claimed even while the unemployment rate goes net up.

Shovel ready...bring 'em home.

Fri, 08/05/2011 - 08:28 | 1526240 slaughterer

Unemployed troops will be sent on infrastructure projects to keep them off unemployment statistics before the election.

Fri, 08/05/2011 - 08:21 | 1526229 Catullus

Spin control we can't believe in.

Fri, 08/05/2011 - 08:52 | 1526344 j0nx

Believe me, there are still a literal shit ton of people that believe him. More than not in fact. This is obvious judging by our current condition and the peoples' unwillingness to get involved and shed their apathetic mood towards wall street's generational theft of their wealth.

Fri, 08/05/2011 - 08:24 | 1526230 dick cheneys ghost

YES WE CANT!!

Fri, 08/05/2011 - 08:25 | 1526233 Careless Whisper

"Giant Sucking Sound" turned out to be right. Mexico has 4.9% unemployment rate.

http://www.youtube.com/watch?v=Rkgx1C_S6ls

Fri, 08/05/2011 - 08:25 | 1526234 Cdad

The effect of the teleprompter is more transitory than any other known element in the universe.

Fri, 08/05/2011 - 08:24 | 1526237 oogs66

now that government did so much good work on debt ceiling they can focus on jobs :D

Fri, 08/05/2011 - 08:27 | 1526238 caerus

blah...blah..."infrastructure bank"...blah

Fri, 08/05/2011 - 08:28 | 1526241 Use of Weapons

Some light entertainment while we wait (courtesy of The Guardian):

http://brokershandsontheirfacesblog.tumblr.com/

Fri, 08/05/2011 - 08:29 | 1526242 Greater Fool

Well, I suppose that confirms what was hinted at yesterday: This jobs report is going to suck.

Fri, 08/05/2011 - 08:30 | 1526247 spanish inquisition

Obama: "July was a good, but not a great month on jobs. We need to stress quality over quantity at this point, the effects last a longer time. The first one did not take alot of time, I was in a hurry but the quality was there. A firm shaft hand, with the opposite doing some A*Play while the lips were.....Excuse me for a second .... (aside) I am doing jobs the report......well, you said to talk about jobs.....then say "employment" next time"

Fri, 08/05/2011 - 08:38 | 1526260 dwdollar

"As you know, I was handed the worst downturn since The Great Depression... Blah, blah, blah... Congress needs to pass a bill increasing money to shovel ready projects.¹"

The extent of the teleprompter's speech AFTER he's 30 minutes late.

^{1. Or whatever he's calling them now.}

Fri, 08/05/2011 - 08:38 | 1526276 sbenard

So the Propaganda President, the dear Campaigner in Chief, is going to open his mouth again to spew the latest midguided distortions, intended to mislead. Perhaps I should begin referring to him as the Deceiver in Chief! That's what he IS!

Fri, 08/05/2011 - 08:54 | 1526360 Ricky Bobby

And when he gets reelected what will your opinion be of the America electorate? If it happens, then it is my signal to look for some path of escape.

Fri, 08/05/2011 - 08:49 | 1526328 sbenard

The fact that they are going to appear together is proof that the books are cooked. What truly independent and self-respecting BLS administrator would want to be seen hobnobbing with a politician, unless they are manufacturing data complicit with the politician's agenda?

This is proof that we have a country that is now engaged in pure propaganda. Agitprop is the only thing our government now produces!

Fri, 08/05/2011 - 08:53 | 1526350 sbenard

The more Emperor Obama tampers and interferes, the less stability he fosters, and the fewer businesses, which ironically create the jobs, there will be. It's only going to get worse, because the Teleprompter Tyrant won't stop with his neo-Marxist agenda!

Fri, 08/05/2011 - 09:39 | 1526475 gwar5

Barrack Hussein Obama: He comes from the no place, he goes to the no where.

Obama is a one term socialist genie being disappeared back into the bottle for exceeding the limit of socialist wishes Djinns are allowed to grant. He appeared one day out of thin air as a fully grown adult without a history of friends, no college transcripts, no voting record history, and some twaddle about a birth certificate misplaced somewhere in Hawaii. By granting twisted wishes out of his selfish imagination he has wrecked havoc that will last long after he is returned back to the land of uninvoked genies.

"Yesterday upon the stair
I met a man who wasn't there
He wasn't there again today
Oh, how I wish he'd go away"

--William Huges Mearns, from his play, Psyco-ed

Fri, 08/05/2011 - 09:38 | 1526542 agNau

11:00 am sharp slap down of metals as Obama reads. Or rather make that 11:20 am, as OB has not finished wolfing down his Breakfast Burrito after his early wakeup. All Rise and Salute!

Fri, 08/05/2011 - 10:28 | 1526719 Gibu The Great

Barock Whosayin Oweblahma, tear down this market!

Fri, 08/05/2011 - 13:30 | 1527575 DaveyJones

BLSHT Commissioner

Wed, 09/14/2011 - 04:55 | 1667443 chinawholesaler

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Wed, 09/14/2011 - 04:59 | 1667473 PY-129-20

Hey, wait a minute. You aren't one of the boys. You aren't human - you are a bot! Chinabot!

We have a security breach! Alarm! Intruders! Zerohedge is under attack! Man your battle stations!

http://www.youtube.com/watch?v=_dnZHea_TI0

Obama To Speak On Jobs At 11:00 am, BLS Commissioner To Testify On July Jobs At 12:45pm

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