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Republican Ruh-Roh: Economy Looking Up Despite Obstruction

Column
» 121 comments

The news that unemployment fell to 8.6% in November, the lowest level since March of 2009, is sure to be greeted by a predictable mix of celebration and derisive parsing, but behind the scenes, Republicans have got to be producing trouser bricks. Their strategy to defeat President Obama is almost entirely dependent on an economy that’s headed in the wrong direction, but despite their efforts to hamper short-term job growth, a glimmer of (yes) hope has arrived.

There’s a lot to pick apart in November’s jobs report, to be sure, but that dramatic plunge in the unemployment rate is what John and Jane Q. Public are going to focus on, and it’s going to be a tough sell to rain on the parade that the public has been so desperate for. It’s true that November saw less-than-gargantuan net job growth of 120,000, and that part of that drop in unemployment is due to people who just stopped looking for work, but it sure beats the hell out of losing 750,000 jobs a month.

Embedded in those jobs numbers, though, is an open-and-shut case against Republican policies and obstruction since breaking the filibuster-proof Democratic majorities in Congress. The smoking gun:

Construction employment showed little movement in November. Employment in the industry has shown little change, on net, since early 2010.

Government employment continued to trend down in November, with a decline in the U.S. Postal Service (-5,000). Employment in both state government and local government has been trending down since the second half of 2008.

You can draw a thick, bright line from these facts to Republican actions. That first item would be drastically different if Republicans in Congress decided to pass the American Jobs Act, which independent estimates say would create about 2 million jobs in the near term, many of them on infrastructure projects.

The Republican obsession with cutting spending during this deep recession has already cost over half a million public sector jobs, and continues to bring down overall job growth. The private sector added 140,000 jobs in November, still not great, but again, more than the net job growth. The American Jobs Act also included measures, defeated by Republicans, to stem public sector job losses.

So, while 8.6% is encouraging, imagine how much people would enjoy a 6.9% unemployment rate that included those two million American Jobs Act jobs, and the half-million public workers (teachers, cops, firefighters, etc) who have fallen to the Republican austerity ax? That doesn’t even take into account the ripple effect of those wage-earners on the private sector, which most certainly would have brought that rate even lower. (Imagine, too, how that rate would look without an American auto industry.)

Politically, it will be tricky for President Obama to capitalize on this bump. The administration has shown reluctance, in the past, to trumpet middling jobs news, and this close to the election, it’s risky to make a case based on an unemployment rate that could take a turn for the worse. However, the dramatic surge in consumer demand over the Black Friday weekend is an encouraging sign that there’s decent news ahead. The conventional wisdom has been that if unemployment falls below 8%, President Obama wins in a cakewalk. In addition to the cakewalk, he’ll also win reelection.

Whatever happens next, though, this is the time for Democrats to hammer home the opportunity cost of Republican obstruction and austerity. The Senate provided an elegant example of this last night, when Republicans defeated a payroll tax cut extension that won a 51-49 majority, but fell short of the 60 votes needed to overcome a filibuster. If the House follows suit, that $1500 tax increase on the middle class will almost certainly damage the consumer demand that helped fuel November’s job growth.

It’s also possible that the economy continues to grow, and unemployment continues to fall, despite Republican recalcitrance. That’s got to be their greatest fear right now, because as it stands, President Obama is within striking distance of the “magic number,” and there is no GOP Plan B. Their situation reminds me of my favorite poker joke.

One morning, a guy from New Jersey hears a voice in his head that says, “Quit your job, sell your house, take all your money, go to Las Vegas, and enter the World Series of Poker.”

He ignores it at first, but he keeps hearing the voice, and begins to believe. He quits his job, sells his house, takes the money, goes to Las Vegas, and enters the World Series of Poker.

Excited, he sits down to play his first WSOP hand, his entire life stacked in front of him. He maintains his best poker face as the dealer pitches him a pair of red aces. “Go all in!” says the voice in his head.

He calmly pushes all of his chips in, and two other players call his bet. The flop comes 7, 8, 9, all clubs.

The voice says “F**k.”

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  • Pablo

    Great! 120,000 new jobs and 315,000 people stopped looking for work all together. If we can get another 5 million people to stop looking for work we can get unemployment down to 0%.

  • http://twitter.com/JCP1975 JCP1975

    With an excellent foreign policy record and now an improving economy (the best unemployment rates in years and the Dow recently making huge gains), I would not like to be the Republican facing Obama in the general election.

    But more importantly, I would not like to be a Republican in general. 

    :see what I did there: wordplay

  • Anonymous

    One thing to be partisan, it’s another thing to actually sound like a DNC press statement daily.   Ridiculous.

  • Henry Wood

    The republiklan party’s greatest fear–the economy might be improving despite their best efforts.

  • http://www.storminsmorningjava.blogspot.com/ stormin1961

    it’s called Christmas hiring.

  • Anonymous

    Do you want to argue the points made or just name call?

  • Anonymous

    Three years ago we were losing 500,000 jobs a month, even with Christmas hiring.

    I’d say we’re a lot better off now than we were before Obama took office. 

  • Anonymous

    Obama’s foreign policy record is absolutely horrible and any right-thinking person should be repulsed by what has gone on these last three years.

  • Anonymous

    Thank you for outlining the Republican plan to save America. 

  • Gloves T. Donahue

    “The conventional wisdom has been that if unemployment falls below 8%, President Obama wins in a cakewalk. In addition to the cakewalk, he’ll also win reelection.”

    Great! Then Barry should just play golf and wait. Quit spending millions traveling to take in millions that he doesn’t need.

  • Anonymous

    Here’s a good description of why its a mixed picture from yahoo finance.   http://finance.yahoo.com/blogs/daniel-gross/november-jobs-report-curb-enthusiasm-142920148.html

    The bottom line is the details once again show the US economy is ‘moving in the right direction’, but payroll numbers are disappointing.   Everything so far points to a slow recovery.  They call it a ‘conservative recovery’, but I think a ‘glacier moving’ recovery sets better expectations.  

  • Gloves T. Donahue

    The Middle East is a nightmare and Israel is in trouble thanks in large part to the Big Wind From Chicago.

    Anybody want to take a nice vacation and see the Pyramids?

  • http://gregingleright.weebly.com/ Greg

    Thanks for highlighting those points so well Tommy. Great synthesis. I might add that the President is not only bound for a win on the Payroll Tax cut, but will benefit from Republican flip-flop in the process. He has real momentum independent of the jobs numbers.

  • http://gregingleright.weebly.com/ Greg

    Amen!

  • Anonymous

    Obama treats Israel like the spoilt child of a doting parent just the same as Bush. It’s the ongoing slaughter of civillians all over the middle east & beyond that I’m talking about

  • Pablo

    No, that’s the Obama reelection plan.

  • Pablo
  • Gloves T. Donahue

    About the picture. Dogs never do well at poker. They can’t bluff. When they get a good hand, the tail starts wagging.

  • Gloves T. Donahue

    Say, Gloves. Remember when you stood in line to play Tic Tac Toe against a chicken?

    It was at the Tropicana in Las Vegas. If you beat the chicken, you win $5,000. But nobody could do it. The chicken always went first, plus she played all the time.

  • Anonymous

    There you have it folks.
    12:45 ET 12/02/2011
    GD predicts a Barack Obama WIN in 2012!!!!

  • http://www.facebook.com/profile.php?id=100003007486095 Seren Dipity

    315,000 MORE people stopped looking for work, and were eliminated from the count – End of “bump”!      

    The Networks will try to hide this fact, but FOX already has it all over FBN and the Mother Ship!
          

    The only question on 2012 still remains how much of the Democratic Party goes DOWN with the Prez!

  • Anonymous

    Whoopeee, now that everything is great again, i am going to buy that beach house I always wanted(but couldn’t afford)! Wait what was that you said about Europe, did you say meltdown? Huh, so one month moving in the right direction after every other month of Obama’s disastrous presidency makes everything great again Tommy?

    But Mainly what in the world makes you think the American Jobs Act would have done that the 3 times as large stimulus didn’t? Seriously, i am not being snarky here. how was the AJA going to do what the stimulus didn’t and it was no where near the size of it./

  • Anonymous

    IS THIS THING ON??

    ~knock
    ~knock

    IS THIS THING ON??

  • Anonymous

    HOLY CRAP!

    When your boss told you to put this in as many threads as possible, I think he meant to put it in your own words, not just cut and paste.

  • Anonymous

    And if you believe we are a lot better off since Obama took office, you are either (A) in denial or (B) an idiot.

  • OSTL

    epic fail

  • Anonymous

    Pablo’s Mormon faith doesn’t allow for rational thought. (Magic underpants!) If the Republicans weren’t so hell bent on shedding government jobs the number would have gone even lower.  

  • http://twitter.com/JCP1975 JCP1975

    Oh, but it’s OK to invade and occupy a country based on a suspicion which ultimately cost the american taxpayers over 2 billion dollars a week, and cost over 4,000 American soldiers lives and severely wounding over 40,000 American soldiers.  

    No thanks…  I’ll stick with the guy who ordered Bin Laden to be captured and killed.  

  • Anonymous

    so you honestly think we were going to lose jobs until we got to 0 people employed? bahahaha

  • http://gregingleright.weebly.com/ Greg

    Lol!

  • http://twitter.com/JCP1975 JCP1975

    What, you don’t think Israel can handle an attack with their 250+ nuclear weapons?

    Just a reminder. Republicans will never get the Jewish vote as a whole. You might win a district here and there, but other than that, your empty support of Israel is a waste of time.

  • http://twitter.com/JCP1975 JCP1975

    “ongoing slaughter of civillians all over the middle east & beyond that I’m talking about”

    So, how is Obama responsible for the “ongoing slaughter of civilians all over the Middle East”

    LOL

  • Moderate

    Tommy is trying to become the “official” DNC press agent.

  • Anonymous

    Where did I even imply that the Iraq invasion was good foreign policy?

  • http://twitter.com/JCP1975 JCP1975

    You didn’t have to. The fact that you’re blaming the Middle East turmoil on Obama is all I need to know.

    Obama Derangement Syndrome.  We get it. 

  • Anonymous

    It is hilarious to read your musings as you do your best to prop up this epic failure know as Barack H. Obama….some might call it a slobbering love affair.  Please get your head out of Obama’s ass long enough to understand that he, regardless of how many accolades you shower upon him, is not going to be reelected. 

  • Gloves T. Donahue

    It’s  (B).

  • http://gregingleright.weebly.com/ Greg

    Critique is more convincing than attack.  

  • Anonymous

    What on earth are you blabbering about? I didn’t blame Obama for the “middle east turmoil”. I never even used that phrase. I said I was horrified by the ongoing slaughter of civillians in Afghanistan, Pakistan, Syria etc etc etc. How could concern for the death of inncent human beings possibly be interpreted as ‘Obama Derangement Syndrome’?  There’s a syndrome at work here but it ain’t me that’s suffering from it.

  • http://www.facebook.com/profile.php?id=100003007486095 Seren Dipity

    Well, the icon certainly fits…but the SUBSTANCE of your rebuttal eludes me!
    lol!

  • http://www.facebook.com/profile.php?id=100003007486095 Seren Dipity

    And let’s not leave out the real strength of any Democrat in 2011 America – Spending Other People’s Tax Dollars – to pay off their contributors, and buy votes!

    End the Democratic party’s Culture of Corruption!

    Vote for the New & Improved GOP!

  • http://twitter.com/JCP1975 JCP1975

    What on earth am I blabbing about?

    Oh, I don’t know, maybe your comment above where you said Obama’s foreign policy record is horrible, which we both know is a complete and utter lie as even conservative talking heads bring up the issue that Obama’s foreign policy has been one of his strengths. 

    If you’re not going to be honest, and if you’re going to lie because you don’t agree with reality like most conservatives do when they’re backed into a corner, feel free not to address anything I post in the future.

  • Anonymous

    You Obama lovers slay me.  Kinda reminds me of the Jonestown Massacre when the Rev. Jim Jones told his followers to have some Kool-Aid and everything would be just great. 

  • http://gregingleright.weebly.com/ Greg

    Thanks for tossing those shiny calcium carbonate baubles my way kind fellow.  Swine like I hardly see such beauty!

  • Anonymous

    I’m very far from being a conservative. A lot further than you if this little exchange is anything to go by. The fact the neocons are praising his foreign policy should be alarm bells enough but instead you’re using it some sort of twisted vindication of Der Leader. Can you point out to me where I lied please?

  • Pablo

    Sorry, I’m not a Mormon. What else would you like to be wrong about today?

  • Anonymous

    Chris you’re such a sophomore at economics 101. The contraction of the total jobs market makes the appearance of a lowered unemployment number.
    But, does anybody here REALLY believe the administration’s “revised” numbers??? LOL

  • Anonymous

    Well done tommy christopher. Add to that, this morning a bunch of republicans reared their heads vowing to block the IMF from lending the Italians and Spaniards the money to avert Europe credit crunch and a repeat of 2008 at a much bigger scale the prospect of which has been weighing on the global wall-street heavily in the past few weeks.

    The coordinated 5 central banks initiative Wednesday came as a heart attack to America-hating tea partiers as that sparked a dow jones 500 points rally in one day

  • Pablo

    Uh, what do you suppose they’ll nuke? They’re not very good defensive weapons, and you ideally want to use them as far away from your soil as possible.

  • http://pulse.yahoo.com/_VK7U6RFTAUIPW2JR2NGPBP2IYA super

    try finding a job also what quality of jobs are they hiring for this past year hmmmm McDs? 

    http://www.huffingtonpost.com/2011/04/04/mcdonalds-to-fill-50000-jobs_n_844356.html

  • Anonymous

    Because the Middle East was so stable in the 200 years leading up to the Obama presidency.  Not to mention, 81% of Israelis view Obama’s approach there as pro-Israel (better in fact, than Netanyahu’s polling numbers in his own country!)  Surely you’ve read the article:

    http://www.mediaite.com/online/happy-new-year-president-obama-sees-dramatic-jump-in-poll-of-israeli-citizens/

  • http://gregingleright.weebly.com/ Greg

    “According to the BLS employment report, retailers hired seasonal workers at close to the pre-crisis pace in November.”

    http://www.calculatedriskblog.com/2011/12/seasonal-retail-hiring-duration-of.html

  • Anonymous

    So you were pro-Osama? 

  • Anonymous

    Oh noes! Obviously Republicans must inflict even more pain on American voters who had the temerity to elect a Democrat to run the country.

    When they destroy the economy they’ll brook no efforts to undo the damage by the voters, time for more tax cuts and layoffs!
      

  • Anonymous

    Oh and nice use of ‘LOL’ in regard to the deaths of civillians. How very liberal of you.

  • http://www.steinbergblog.com Larry Steinberg

    If you actually believe that Israeli’s prefer Obama to Bibi, you should switch to water

  • http://www.steinbergblog.com Larry Steinberg

    It is the Obama economic policies that are causing the pain, not the Republican objections to more tax and spend keynesian policies. 

  • http://www.steinbergblog.com Larry Steinberg

    The other problem with the employment numbers is that many of the jobs were in retail, which may just be early holiday retail hiring as companies pushed Black Friday and Cyber Monday deals trying to spark a consumer spending rally. I am afraid many of those jobs may disappear come January.

  • Anonymous

    I never said they wanted Obama to be their president, just refuting a poorly-stated and vague connection by GD.  Just pointing to the facts, which are easily digested with or without water. 

  • http://gregingleright.weebly.com/ Greg

    “According to the BLS employment report, retailers hired seasonal workers at close to the pre-crisis pace in November.”

    http://www.calculatedriskblog.com/2011/12/seasonal-retail-hiring-duration-of.html

  • http://gregingleright.weebly.com/ Greg
  • Anonymous

    “The Networks will try to hide this fact, but FOX already has it all over FBN and the Mother Ship!”

    Hey genius, Fox is a network too.  Oh, and mother ship?  What are you, an alien? 

  • Anonymous

    Oh, Tommy.  You’re so silly.  I’m not sure that’s what you’re supposed to be in you line of work but it’s something.  

  • Anonymous

    It’s good to see that the liberal denizens of this board are just as slow-witted as their right-wing counterparts

  • Anonymous

    Exactly correct Mr. Pablo. Math is a great equalizer. It is either correct or it is not.  We need to create about 400,000 new jobs every month to truly start cutting the unemployment rate.  120,000 is weak, but you add that to 315,000 now moving to welfare and as far as the idiots are concerned, “It’s Party Time!”.

    The reported unemployment rate is a political number.  It stops counting a worker when his unemployment insurance runs out. 

    These idiot Democrats who claim to care about the little guy really only care about winning elections and keeping their personal power.  The actual unemployment rate went up and they are celebrating. These are the caring

    More citizens on welfare and food stamps means more power for guys like Obama. 

    It’s Friday, there must be a party tonight in the White House. 

    Bring out the 22 hand maidens.  The country has been saved by Our Great Leader, and the Queen of America needs a “Do” and new eyelashes.

  • http://www.facebook.com/chasrmartin Charlie Martin

    Tommy, you know, sometimes you’re just a jerk.

  • http://twitter.com/JCP1975 JCP1975

    Show me where I praised his foreign policy.  I did say, and I’m paraphrasing, even his most harshest critics have praised his foreign policies.   

  • CarmanK

    The republican regressives have done Marie Antoinette one better. Their latest mantra is LET THEM EAT HORSE. As you know, the congress has removed a 5 year ban on FDA inspections of horse meat. It opens the path for the opening of slaughterhouses for horses in the US for meat to be exported to Canada and Mexico. It seems that the last foreign owned slaughter house in the US was closed in 2007, and now, whoopi, we have a real opportunity for an american owned slaughterhouse for horses. We exported several hundred thousand horses in 2010. Horses are given meds that are dangerous for human consumption. But, true to form, the repugs are on the side of the profiteer. Last time I checked the canned goods we eat, don’t have country of origin on the labels. It is “distributed by”. So, who knows that next can of chili imported from Mexico may well contain HORSE. Oh, by the way there are some really interesting recipes for horse on the internet. And while at it, check out the ones for DOG. It seems that there are several countries in the world where dog and cat are regular fare. Imagine all the money we could save if we just shipped all those stray cats and dogs to a slaughterhouse where they could be processed for human consumption, elsewhere in the world of course.

  • Anonymous

    Ruh-Roh is right! What’s happening to the Brew-ha-ha the wrong-wing is fueling? Maybe the spewing of the puppeteers like Evangelical leader Richard Land, Grover Norquist, Bob Vander Plaats, Edward H Crane and David Keene is falling on deaf ears. Or, maybe the American people see the damages these puppeteers have cause or created. Responsible representation requires reputable persons who have not violated decency or ethics while not giving in to pledges to puppeteers or other controls. One who will stand up strong to any and all who would corrupt American standards. There should be no patronage to any one sect or person in elections. Thoses who place themselves as leaders of specific groups or false leaders should be called out as special interest people who do not deserve recognition as churches in America. 

  • Anonymous

    That’s Barry and Michelle Antoinette that are pushing eating horse, while they are serving $200 a pound Kobe Beef.

  • http://www.storminsmorningjava.blogspot.com/ stormin1961

    oh oh EX-Man! here’s a little fact that Tommy always seem to omit from his stories …http://weaselzippers.us/2011/12/02/obamas-economy-so-bad-another-315000-americans-have-given-up-looking-for-work/

    the truth about Obama’s job numbers always seem to creep out.
    http://www.gallup.com/poll/151064/November-Underemployment-Year-Ago.aspx

  • Anonymous

    “No thanks…  I’ll stick with the guy who ordered Bin Laden to be captured and killed.” sounds a lot like praise to me. 

  • Anonymous

    Second Mate,

    There was a time when government workers chose to take those jobs based on the fact that they would never be laid-off and they would be given good benefits. They made less money, but they were secure in their positions. The rest of us chose to work in the private sector where we made more money, but ran the risk of being hurt by economic downturn.

    That has all changed.  In recent years, while the private sector has been a mine field, government workers have steadily seen increases in salary to go along with great benefits.  Today, on the average, government workers make significantly more money than those in the private sector, except maybe CEOs.

    So a few years of wage freezing in government salaries is not much to ask. 

    Government agencies have huge amounts of waste and overlapping of responsibility.  Budgeting in government operations is insane.  Everyone knows that a department must spend its entire budget, or the budget will be reduced in the next cycle.  If it is all spent, typically a department will get a 7% increase in budget for the next fiscal year.  If you know someone in government, you know that December is a time when everyone gets a new computer.  They don’t necessarily need the new computer, but in that world it’s better not to gripe.

    So, how about exercising a little gray matter activity before you spew your BS.  Except, of course, if you’re a SEIU Government worker, we know you are totally useless and should be given your walking papers.

  • Anonymous

    I knew this was Christopher drivel from the headline.

    Hey Tommy, go pay for the woman and her 15 kids in Florida.  She’s one of yours….

    http://www.youtube.com/watch?v=_KUW2vCPX7w

    I hope the gubmint takes those kids away.

  • Anonymous

    What a good little Foxtard you are!

    You’ve gone and cut and pasted your “facts” exactly like Roger Ailes and his stooges told you to. Unfortunately for you, this isn’t Fox Nation and not everyone here is an easily manipulated sheep like you.

    So I suggest that if you actually want someone to listen to you, there are a whole host of right wing nutball sites where your easily digestible factoids will not only be welcome, but believed by an army of tin foil hatters who hate Obama, love truthiness and willingly bend over for the one percent.

  • Anonymous

    315,000 came from a Moody anaylst.  I’m not sure how they would know other than with a finger  in the wind saying that feels like 315,000. There is always a certain number that leave the work force each month due to retirement, death, sickness, plain tired of looking, etc.and how it impacts the total is no more than educated guess. If your really interested in the breakdown go to

     http://www.bls.gov/news.release/pdf/empsit.pdf

  • Anonymous

    If you don’t like what Tommy is publishing then why not got to Townhall.com and do the old conservative group hug?

  • Anonymous

    I didn’t get past the line from Tommy “the lowest level since March of 2009, is sure to be greeted by a predictable mix of celebration and derisive parsing, but behind the scenes, Republicans have got to be producing trouser bricks. ”

    I’m done reading his stories, I keep forgetting to check the byline before clicking.  My bad, won’t happen again…

  • Anonymous

    you’re loving the 8%+ unemployment? Good for you, someone should. 

  • Anonymous

    Actually, there’s no chance of unemployment being below 7% and apparently no president has won re-election above that number.  The ‘glass half full’ view is that if Obama does win re-election, it’ll be unprecedented.

    So, there’s that. 

  • Anonymous

    400,000 job per month is a number GWB must have had his eye on, because that is just about the burn rate of jobs lost the last 2 years of his Presidency.   

  • Anonymous

    The article is completely wrong. If indeed the economy is improving despite the obstruction of the Republicans it gives the Republican view more credence that government intervention is not necessary as the economy can heal itself, if only left alone. I this not the case?

  • Anonymous

    This is actually exposing the flaws of the economy policies put in place now. If they were indeed the correct ones, the numbers should have been much better, should they not exGOP?

  • Anonymous

    Are you denying that these employment stats are being manipulated to fool the people into believing that the economy is getting better in a significant and meaningful way? If so, you are smart as a stone.

  • Anonymous

    No. (crickets chirping…)

  • Anonymous

    And you would be wrong.

  • Anonymous

    Never discount the possibility of massive systemic failure.

  • Anonymous

    I think he’d like to deny he is an idiot.

  • Anonymous

    There is nothing to fear, but fear itself.

    A democrat said that.

  • Anonymous

    Must be some really good acid you’ve been taking. The first paragraph of your post is sheer idiocy, and the rest of it, well, more of the same.

  • Anonymous

    Obama Derangement Syndrome.  You have it.

  • Anonymous

    Let’s remember after January 1, 2012 that the 120,000 will be joining the 315,000 along with all the service personnel getting out of the military coming back from Iraq. This unemployment thing is going to get even uglier. When you add it all up and take away the offshored and eliminated jobs, by election time next year we will probably be looking at 20 percent unemployment in real numbers.

  • david r

    “Trouser bricks” — LOL.  Going to plagiarize that one.

  • Anonymous

    Why do liberals never admit their adversity to numbers.  It was way worse than 400,000 and all caused by idiots like Chris and Barney with the support of the minor player, currently the head of OWH (Occupy White House).

  • Anonymous

    The longest serving Democrat in the White House said that.

  • Anonymous

    Look what a mess he created, too.

  • Anonymous

    Instead of being so quick with your meaningless wit why don’t you read what I said.

  • http://pulse.yahoo.com/_6IO2U5T6MOJ6URFQC43WQICJMM Mike

    agreed, Obama will have a difficult time getting reelected only because he keeps adopting Republican ideas of economic policy. cut spending here and there, cut taxes on the rich not on the middle class, get rid of social programs like medicare medicaid. what happens if it’s all implemented? middle class shrinks, the politicians get more money, rich hold on to their money because of economic uncertainty. when will people learn that not taxing the rich will create jobs!?!?! if it was true then bush tax cuts would’ve created enough jobs where we wouldn’t be in this mess in the first place and we would  be creating more jobs than our government spends and the bailout money would’ve trickled down to the middle class, but what’s really happening? NOTHING! wake up people…

  • Sandie

    The Dow recently making gains?

    You can thank Barney Frank  (House Financial Services Committee)  for that – he announced he would retire from Congress at the conclusion of his term!

    “These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis” he said before they headed over the cliff, taking the economy with them.

  • Anonymous

    315,000 people stopped looking for a job in November, yeah that is economic improvement we can all be proud of. (There were only 120,000 jobs added for the month, and 72,000 from the adjustments from the previous two months). Wake me up when the economy actually does something to get excited about, like a .4% decrease in unemployment from new jobs in stead of 3 people giving up hope for change for each one that found a job.
    (Sorry my computer developed a stutter all of the sudden.)

  • Anonymous

    315,000 people stopped looking for a job in November, yeah that is economic improvement we can all be proud of. (There were only 120,000 jobs added for the month, and 72,000 from the adjustments from the previous two months). Wake me up when the economy actually does something to get excited about, like a .4% decrease in unemployment from new jobs in stead of 3 people giving up hope for change for each one that found a job.

  • Anonymous

    The 8.6% unemployment rate is not the correct number on which to focus, nor is it the 140,000 private sector jobs created.  The most important number is the 315,000 discouraged workers who left the labor force. Anybody who is paying attention is going to see the empty retail stores in the strip malls and the stories of people he knows who are not working, and is not going to be impressed by some numbers coming out of DC.
    People who are into Bureau of Labor Statistics (BLS) numbers are going to look a little deeper and find the web page listed below.  It shows that the percentage of people age 16 and above who are participating in the labor force has declined from 65.7% at the start of President Obama’s term (01/01/09) to 64.0% at the end of November 2011, up just a bit from its lowest point of 63.9% this past July.
    http://data.bls.gov/timeseries/LNS11300000

    Here is another BLS data point about which President Obama may wish to worry:
    “From April to July 2011, the number of employed youth 16 to 24 years old rose by 1.7
    million to 18.6 million, the U.S. Bureau of Labor Statistics reported today. This year,the share of young people who were employed in July was 48.8 percent, the lowest Julyrate on record for the series, which began in 1948.”http://bls.gov/news.release/youth.nr0.htm

  • Sandie

    This tiny “improvement” is probably an odd or explainable blip. especially if Biden had anything to do with it. Nawww, he would have turned it into something really big!…..LMAO

  • http://pulse.yahoo.com/_MPPK2CTPRQYEYSXVOFVUJRX3SQ ken

    The republican strategy for the economy  is not do nothing. It’s tax cuts for the rich and deregulation solves everything. They swept in the house with a majority because of their promise of jobs. Remember ?

  • http://pulse.yahoo.com/_MPPK2CTPRQYEYSXVOFVUJRX3SQ ken

    Clearly austerity during a recession is hurting the economies of all who are trying it. How do you explain that ?

  • http://pulse.yahoo.com/_MPPK2CTPRQYEYSXVOFVUJRX3SQ ken

    You believed them when things were getting worse, why not believe them when they say things are getting better?

  • http://pulse.yahoo.com/_MPPK2CTPRQYEYSXVOFVUJRX3SQ ken

    Unprecidented prosperity for the middle class. That sucked.

  • http://pulse.yahoo.com/_MPPK2CTPRQYEYSXVOFVUJRX3SQ ken

    So  its’ truth doesn’t matter ?

  • Anonymous

    “Republicans defeated a payroll tax cut extension that won a 51-49 majority, but fell short of the 60 votes needed to overcome a filibuster.”

    How can the Tgags and Tgag wannbes hope to sell the idea that the continued decline is the fault of the President?  They openly acknowledge their will and actions to drive down the economy in hopes of a victory in the Presidential election.

    Your assumption that the American voter’s in the 1% can overcome the damage you have done to the  99% is foolish.  If the payroll tax cut expires the blame will fall squarely on the Republicans.

    Keep up the good work!  You are assuring the reelection of President Obama!

  • Anonymous

    Lets see paco since 2001 52,000 factories and 2.9 million jobs lost.China and Mexico hired 2.4 million to work in those factories at .20 to .30 cents per hour and no pollution regulation.Do you honestly think any right wing or blue dog dem gives a rats ass about an american having a living wage job?Once this country agrees to bercome a third world country with no minimum wage or EPA then and only then will they offer these low paying jobs back to the american people.

  • Anonymous

    FDR’s social welfare programs had very little to do with that. The historic record proves out the only thing that caused the prosperity you speak of was gearing up for WWII and winning it. Social programs never caused prosperity for anyone. Ever.

  • http://twitter.com/ZackyBeatz %Zackyatz%Music

    So in other words, Republicans will cheer if Americans become unemployed…
    and they want the american people´s vote ?

  • Anonymous

    Tell that to the descendants of the men and women who worked in programs like the CCC.

  • Anonymous

    You mean the CCC and WPA programs that were little more than slave labor camps for public works projects? You really should read up on things before shooting your mouth off.

    If it isn’t a lie from you it is ignorance and nonsense.

  • SoThere

    Strtlk is a Media Matters spammer and troll. He lied about his Military Service and I proved it using his own posts. He go’s by many names and is a complete fool. He also has a psychotic fixation on Glenn Beck and little children. He’s a vulgar little man filled with hate and racial bigotry.

    Flag the moron and get rid of him.

    “TMP”

  • Anonymous

    Oh yes…flag me!!!
    I must be the one who threatens to kill others with attack dogs, assault rifles and pistols.
    I must also be the one who you try to attack with disgusting and twisted lies about children.
    I must also be the one who used his own grandchildren to try and escalate your perverted lies.
    P.S. Your bullsh** attacks on my past are pathetic. I proved you wrong, but you continue to lie. I hope your the parents of your grandchildren take them away from you forever. No one should be used by a sick f*** like you.

  • Anonymous

    Oh yes…flag me!!!

    Consider it done.

  • SoThere

    You’re a vulgar liar and a hatemonger who lies about his Military Service. You’re a tick on the A$$ of humanity and a little puke of a man who has a sick fixation on Glenn Beck and little children.

    I’d sick the dogs on you if you came peeping around my house to look at my grandchildren.

    You’re an idiotic pervert and a liar and you’ve been outed.

    “TMP”

  • SoThere

    Done.

    “TMP”

  • SoThere

    Done.

    “TMP”

  • Anonymous

    “400,000 job per month is a number GWB must have had his eye on, because that is just about the burn rate of jobs lost the last 2 years of his Presidency.”

    Sorry I reviewed this comment and can only conclude that you, like so many brain dead liberals are implying that GWB intended to wreck our economy.

    I just wondered if you had a comment about the OWH movement delaying its investigation of Wall Street banks until after the 2012 elections in order to cover up for Fannie and Freddie

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