US jobless rate falls to 7.8 pct., 44-month low - page 6
by Joe V 6,050 Views | 157 Comments Admin
The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000... Read More
- 1Oct 5, '12 by leslie :-DQuote from tntrnsince that is a priority of yours (military budget), then may i presume that that particular type of spending is acceptable?I want a strong and well-equiped military. especially with middle east imploding.
but it's ok to continually complain about other types of spending that don't hold high priorities for you?
- 3Oct 5, '12 by tntrnQuote from leslie :-DThat is a fair assessment. National security is one of the most important responsibilities of our government. On the other hand, there is Big Bird.Sesame Street, the brand, makes $118 million a year. Why should the taxpayers be funding that? As Romney said, cut unnecessary things that we are now borrowing money for. That being said, even the military has places where funds could be nipped. Every department does....just like in our own household budgets. And just like our household budgets, some things are of higher importance, and therefore, get cut back less than frivolous items.since that is a priority of yours (military budget), then may i presume that that particular type of spending is acceptable?but it's ok to continually complain about other types of spending that don't hold high priorities for you?ok then.leslieie
- 2Oct 5, '12 by herring_RN Guide...Lloyd Morrisett, co-creator of “Sesame Street”, says he rolled his eyes when he heard the words come from Romney’s mouth....
... “To argue that’s going to save much money is a stretch of the truth,” Morisett said. “I think it’s sort of silly.” It’s true that only a small fraction of government funding is allotted to keeping PBS afloat–less than 15%– and Sesame Workshop relies mainly on sponsorship, licensed product sales, and philanthropic supporters for funds.
Sesame Workshop VP Sherrie Westin spoke up as well, saying it’s ridiculous to think they’re going anywhere.
“…Quite frankly, you can debate whether or not there should be funding of public broadcasting. But when they always try to tout out Big Bird, and say we’re going to kill Big Bird – that is actually misleading, because Sesame Street will be here,” she said....
Sesame Street Funding: Creator Rolls His Eyes At Romney | WebProNews
- 3Oct 5, '12 by cnmbfaQuote from Joe VNow, imagine where we would be if not for the loss of 700,000 public sector jobs (teachers, PH nurses, librarians, police, fire fighters, civil servants, etc.) laid off by state and local governments as their tax bases fell. And what would it be if we had passed the proposed small business loan program and tax cuts, or the bills rejected by the House that would have fixed our crumbling bridges, weather-proofed homes, etc.The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated.
The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months. The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.
Yes, we still have a long way to go, and I am also worried about the trend toward low-wage, no benefits jobs, but no one can deny the progress in these charts.
And no one has ever seriously challenged the political neutrality of the Bureau of Labor Statistics, and I doubt that they will succeed if they try.Last edit by Joe V on Oct 6, '12
- 3Oct 5, '12 by cnmbfaWhat about corporate welfare? Or tax subsidies to companies that export jobs overseas?
What about the companies who get tax breaks for bringing in H1B visa nurses and engineers, who they pay less, while claiming to be unable to find Americans who want the low-paying jobs?
What do you think about the millionaries and billionaries who pay no taxes at all, or a far lower rate than us nurses? Is it reasonable to hand then even more money, while cutting the Medicaid funds that pay for most nursing home care by one-third? If you have elderly parents, get ready to either take them in, or pay out $3000 a month yourself.
Think it through: a 20% tax cut for someone making a million bucks is a lot of money, far more than you could ever get back by eliminating every single deduction or loophole. Romney may be technically correct (while stretching the truth) by saying he won't lower taxes for the rich: the rate may go down, but the amount they pay stays the same. But even so, because they have lawyers, accountants, and access to all kinds of tax breaks you and I don't get, they will end up with a LOT more $$ in their pockets. The also have the $$ to buy the ear (and votes) of Congress; I highly doubt that many of their special breaks will disappear.
A 20% tax cut for someone making $50,000 means they go from paying 25% rate to 20%. If you make that person's health care benefits taxable, take away their deductions for charity, uniforms, college tuition, and cap mortgage interest deductions, etc. that person will pay more. No wonder we aren't being told the specifics.
- 4Oct 6, '12 by cnmbfaThey put TWO wars on the credit card, and created a major entitlement (Medicaid Part D) with no plan in place to pay for it. This was done on purpose so they could create huge deficts, and then use them as a justification for gutting government programs.
As part of Medicaid Part D, they guaranteed the private insurers who run the Medicare Advantage programs a 12% bonus ON TOP of any profit they made. Why? To make it possible for them to offer perks that would allow them to pull all the younger, healthier seniors out of Medicare, while refusing to accept sicker seniors with higher costs. It was a set up, so the GOP could say "See! See! Traditional Medicare cannot compete with private insurance, so we should end it!"
What about the $719 billion in Medicare "cuts" that Obama supposedly made? It simply end the 12% bonus program, and recovers some overpayments to drug companies; the money is being shifted to expand coverage to lower income Americans. The Ryan plan includes the exact same cuts, but uses the $$ to cut taxes for the rich, while cutting Medicaid funds to the states by one-third.
Romney's claim that 4 million seniors will "lose their Medicare Advantages insurance" is fully inteneded to scare seniors. Of course the private insurers aren't going to suddenly drop 4 million customers, even if they make less profit, because they are still profitable. And even if they did, traditional fee-for-service Medicare will accept all 4 million of them.
How many of you know that because of Obamacare, the rate fo HC inflation last year was the lowest in 50 years? Here is one of the reasons why: They put in place rules mandating that insurers spend 85% of premiums on actual care, or refund anything below that threshold. This means that they can no longer get away with paying their CEOs and share holders more and more by funneling premium $$ away from patient care. The result has been a stabilization of premiums, and $2 billion in refunds to customers for premium overcharges over the last year.
When you go to vote, think about what will happen to your fellow Americans if we undo this, and restore lifetime caps on spending. What will happen to ordinary persons if they have a child born with a hypoplastic left heart? Need a liver transplant and immunosuppressive drugs for life? Romney claims there will be no problem for persons with preexisting conditions if they maintain continuous coverage, but what if they lose a job through no fault of their own, and cannot afford their premiums while unemployed?
If you think buying insurance across state lines will work well, look into what happened in the late 1970s when Congress passed laws to allow banks to operate across state lines. They all opened offices in South Dakota, which allowed 35% interest rates, as a way to get around other states' usury laws. Don't you think they'd rush as fast as they can to the state with the loosest rules or with the easiest state legistlature to buy so they can get the rules written in their favor?
Think, learn the facts, then vote.
- 0Quote from JolieExactly, but the figures are showing that overall there is a net gain that you are denying. Considering there are millions of people looking for jobs and the 300,000 added to the unemployment line each week the net gain is not adequate by no means, but it still beats what we were seeing in 2008. Saying there are 10 jobs lost for every job gained is incorrect.You are correct that being hired into an existing position is a benefit to the individual who is hired, but if that person is simply replacing someone else who left, there is no net gain.
It's not like the hospital had 20 discharges and 20 admissions and zero net gain. It's like the hospital had 20 discharges and 21 admissions for a net gain.Last edit by Tweety on Oct 6, '12
- 0Quote from Spidey's momI was being tongue in cheek if you missed that part, so forget it. Gas prices are a different subject that this month's jobs reports. But it will be interesting to see how it affects the next one.I'm not sure how you got that from what I posted. I was simply stating some facts. Not condoning anything.
I'm frustrated with the price of gas up here in the mountains anyway - when I saw someone changing the number on the sign today I grimaced. Then just read the story on yahoo about the overnight change.
It's all wrong. There's an opinion for ya. Spending too much money makes me a cranky lady.
- 0Quote from JolieUnderstandable and fair point.Silly conspiracy theories aside, Obama himself said that if he could not fix the economy in 3 years, he would not be re-elected. We're just happy to oblige.
One Obama quote will be featured prominently: In 2009 he said on NBC’s “Today” show that if he could not fix the economy in three years, “then there’s going to be a one-term proposition.”
Obama made some outrageous promises as candidates often do. Romney is doing the same.....
Romney is making some serious promises himself although he's short on details...I would love to know exactly what he's going to cut other than firing Big Bird, how much money that will take out of the economy and how many jobs will be lost, how many trillions he will cut to balance the budget, while pledging a strong military and spending 2 trillion dollars on that, while at the same time handing out 20% tax cuts to the middle class and "job creators" and creating millions of jobs while he's at it.
- 6Oct 6, '12 by Red35I don't care if you are a democrat or republican...these numbers are sad-most of these "jobs" are part-time. People are really hurting and have been for a long time.
People can bicker about which candidate said what (btw Big bird will be fine-PBS rakes in about 400 million)..people need help and need it now.