US jobless rate falls to 7.8 pct., 44-month low - page 8

by Joe V 6,126 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


  1. 3
    Quote from Jolie
    Bush and the Republicans said that we would be basking in millions of jobs, economic prosperity, billions more for our deficit, middle-class growth - when promoting the Bush Tax Cuts ... hmmm, what happened? oh yea, the Great Recession
    (from Joe's post above)

    So it's Bush's fault. Do you write Obama's lines for him?

    Obama has had almost 4 years to improve the economy and has made zero progress. Unemployment has not improved significantly in that time, despite trillions of dollars of spending, TARP, stimulus, doubling of the national debt and 3 rounds of quantitative easing that are coming home to roost in the form of inflation, most notably energy and food prices.

    Sorry, this mess belongs to Obama.
    So he's both ineffective and yet somehow capable of time travel?

    TARP was signed into law by President Bush in October of 2008, 3 months before Obama took office. The Stimulus Act was signed into law in February of 2008, almost a year before Obama took office (You're maybe thinking of the Investment and Recovery Act). The National debt under has increased under Obama by about 50% of what he started with, it was Bush that doubled the debt he started with, thanks to laying out trillions for wars we had no plan for paying for while simultaneously cutting our income, sort of like buying a house we can't afford while quitting our job at the same time.

    I'm not sure that "zero progress" is all that accurate. What would you consider progress that could be defined with a positive numeric value?
    tewdles, Stcroix, and leslie :-D like this.
  2. 0
    Quote from tntrn
    Obama owned the House and the Senate his first two years in the WH. At least on the surface. He had enough opposition from his own party members, thankfully, or he would have run roughshod over us. Instead he starting using his executive privilege to do what he wanted. My question: can an incoming president undo those with his/her own executive privilege actions?
    Just out of curiosity, how many times do you think Obama has used executive privilege? (For some perspective, Bush used it 6 times).
  3. 0
    Quote from tntrn
    Obama owned the House and the Senate his first two years in the WH. At least on the surface. He had enough opposition from his own party members, thankfully, or he would have run roughshod over us. Instead he starting using his executive privilege to do what he wanted. My question: can an incoming president undo those with his/her own executive privilege actions?
    He didn't own them when the record setting amount of republican filibusters started, and he didn't have much opposition to speak of from Democrats.

    I can't answer your other question, but I find it interesting that yet again a thread has turned anti-Obama, when it simply about the jobs report.
  4. 3
    It's in Republicans' interest right now to characterize the Democrats' congressional majority in 2009 and 2010 as enormous. As the argument goes, President Obama could get literally anything he wanted from Congress in his first two years, so Democrats don't have any excuses. Since memories are short, let's take a brief stroll down memory lane:
    In January 2009, there were 56 Senate Democrats and two independents who caucused with Democrats. This combined total of 58 included Sen. Ted Kennedy (D-Mass.), whose health was failing and was unable to serve. As a practical matter, in the early months of Obama's presidency, the Senate Democratic caucus had 57 members on the floor for day-to-day legislating.

    In April 2009, Pennsylvania's Arlen Specter switched parties. This meant there were 57 Democrats, and two independents who caucused with Democrats, for a caucus of 59. But with Kennedy ailing, there were still "only" 58 Democratic caucus members in the chamber.

    In May 2009, Sen. Robert Byrd (D-W.Va.) was hospitalized, bringing the number of Senate Dems in the chamber down to 57.

    In July 2009, Sen. Al Franken (D-Minn.) was finally seated after a lengthy recount/legal fight. At that point, the Democratic caucus reached 60, but two of its members, Kennedy and Byrd, were unavailable for votes.

    In August 2009, Kennedy died, and Democratic caucus again stood at 59.

    In September 2009, Sen. Paul Kirk (D-Mass.) filled Kennedy's vacancy, bringing the caucus back to 60, though Byrd's health continued to deteriorate.

    In January 2010, Sen. Scott Brown (R-Mass.) replaced Kirk, bringing the Democratic caucus back to 59 again.

    In June 2010, Byrd died, and the Democratic caucus fell to 58, where it stood until the midterms. [Update: Jonathan Bernstein reminds me that Byrd's replacement was a Dem. He's right, though this doesn't change the larger point.]

    Fox News Sunday host Chris Wallace believes the Dems' "filibuster proof majority in the Senate" lasted 24 months. In reality, he's off by 20 months, undermining the entire thesis pushed so aggressively by Republicans.
    A fleeting, illusory supermajority | Steve Benen - The Maddow Blog
    tewdles, herring_RN, and leslie :-D like this.
  5. 1
    Quote from herring_RN
    ...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


    And AARP told Obama to leave them out of it.....

    mc3
    tewdles likes this.
  6. 4
    Here's a good one. Nothing to do with the unemployments, but the TARP referral reminded me. I just found out today that my sister-in-law runs a shelter for bunnies (yes, bunnies). She just got a $6000 grant from the government TARP program to provide said bunnies with an air-conditioned, rebuilt barn with electricity and water. I kid you not. Yes, I guess the TARP program was a success to the bunnies. I'm sure Bugs appreciates it.
    Now, back to your originally scheduled blog
    mc3
    tewdles, VivaLasViejas, Spidey's mom, and 1 other like this.
  7. 0
    Quote from MunoRN
    Just out of curiosity, how many times do you think Obama has used executive privilege? (For some perspective, Bush used it 6 times).
    I don't know. And perhaps I have the term confused with other actions. But he has directed his administration to not enforce some properly legislated laws, and has put some "interesting" twists on how others will be enforced, or not.

    He has used his executive "power" to the extreme, and usually, I find, when he doesn't get things to go his way.

    And of course, has the Democratic controlled Senate proposed a budget, as required by law, in the three years Obama has been President?
  8. 0
    Quote from mc3
    Here's a good one. Nothing to do with the unemployments, but the TARP referral reminded me. I just found out today that my sister-in-law runs a shelter for bunnies (yes, bunnies). She just got a $6000 grant from the government TARP program to provide said bunnies with an air-conditioned, rebuilt barn with electricity and water. I kid you not. Yes, I guess the TARP program was a success to the bunnies. I'm sure Bugs appreciates it.
    Now, back to your originally scheduled blog
    mc3
    Look at it this way, that's $6000 that some contractor somewhere got...maybe a few extra days work, a few suppliers someone got some bucks, maybe they spent that money immediately in the economy, etc. Not a total waste. Although it does seem silly. As an animal lover and advocate I'd rather see bunnies taken care of some non-tax paying corporation get billions for bombs.

    But don't worry about changing the topic, whenever the topic is remotely something positive we always switch to talk about how bad Obama is...and when one subject is talked out or disputed, like say using his executive power, something else is randomly brought up, like say the budget.....and then something else....there's plenty to talk about there.
    Last edit by Tweety on Oct 6, '12
  9. 1
    I think I will apply for a grant to study the topics that are studied on the taxpayers dime.
    imintrouble likes this.
  10. 1
    Quote from tntrn
    I don't know. And perhaps I have the term confused with other actions. But he has directed his administration to not enforce some properly legislated laws, and has put some "interesting" twists on how others will be enforced, or not.

    He has used his executive "power" to the extreme, and usually, I find, when he doesn't get things to go his way.

    And of course, has the Democratic controlled Senate proposed a budget, as required by law, in the three years Obama has been President?
    What law?
    The Constitution grants the "power of the purse" to Congress,1 but does not establish any specific procedure for the consideration of budgetary legislation. Instead, a number of laws and congressional rules contribute to the federal budget process, with two statutes in particular forming the basic framework.

    http://budget.house.gov/budgetprocess/
    tewdles likes this.


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