Stock market soars over the good news.

Romney calls the numbers Disappointing.

As I look at the rest of the world, I am seeing Obama's policies working better and better. We just can't take the chance of slipping back into the mistakes made by the Bush administration. The recovery is slow but steady as to getting worse as it did under Bush Jr.

To Obama I must say:

obviously you read the Liberal media who Lie Lie Lie. Jobs are down, down, down, unemployment is UP, UP, UP food stamp recepients are up, welfare is UP, prices are UP, gas is UP, dependency on government is UP, UP, UP. Obama killed jobs with the stopping of coal mining in W Wa, the Keystone pipeline, the space shuttle program and on and on. He is intentionally dismantling the U.S. systematically and continues on his path to destroy the U.S.A. Romney is looking great!! Everywhere I go , everyone I talk to say they have had it with Obama and his czars. Times up. He didn't live up to his promises. He has NO RECORD to run on now. Never saw a spread sheet hin his life. Has no idea how to run businesses. Romney on the other hand has great business experience and will get this country back to work!! 95 days and counting!!

Originally Posted by Golfingnut

Stock market soars over the good news.

Romney calls the numbers Disappointing.

As I look at the rest of the world, I am seeing Obama's policies working better and better. We just can't take the chance of slipping back into the mistakes made by the Bush administration. The recovery is slow but steady as to getting worse as it did under Bush Jr.

To Obama I must say:

Amen Brother!

Originally Posted by Golfingnut

Stock market soars over the good news.

Romney calls the numbers Disappointing.

As I look at the rest of the world, I am seeing Obama's policies working better and better. We just can't take the chance of slipping back into the mistakes made by the Bush administration. The recovery is slow but steady as to getting worse as it did under Bush Jr.

To Obama I must say:

I do view Romney probably going the same way as Bush if Romney gets the White House. I really do not see Romney putting the brakes on various banking practices which contributed greatly to the economic troubles we are in at the moment.

Paying for the wars in Iraq and Afghainstan have also contributed greatly to the national debt. Now Mitt Romney seems to be kicking at the sleeping dog--no chihuahua but the biggest and meanest of pitt bulls-- which is the peace settlement over the Palestinians in Jerusalem. http://en.wikipedia.org/wiki/Israeli...inian_conflict

Originally Posted by Golfingnut

Stock market soars over the good news.

Romney calls the numbers Disappointing.

As I look at the rest of the world, I am seeing Obama's policies working better and better. We just can't take the chance of slipping back into the mistakes made by the Bush administration. The recovery is slow but steady as to getting worse as it did under Bush Jr.

To Obama I must say:

Actually the report is disappointing although everyone is happy that we made some jobs at least.

But for the record...

"The unemployment rate has fallen from a Great Recession high of 10 percent in October 2009 to 8.3 percent, according to the latest jobs report from the Labor Department.

But make no mistake: in two key ways, the labor market has gotten worse."

A Better Economy May Not Fix The Jobless Problem - US News and World Report

The unemployment problem continues to grow and in fact get much worse.

I am also happy on the DJ rise....now if they just start to hire people ! And keep in mind that the DJ is now reacting to whatever happens in Europe thus not the best indicator of how we are doing, but nice to see it go up.

I offer to you that our deficit continues to rise and THAT will stifle growth on this country for a long time.

Is it all Obama's fault....of course not, but he wasted an entire year feeding the deficit and ignoring what was happening at the base of the economy.

We must cut spending....and get the country back to work. We are in a very very dangerous situation.

I also offer to those who choose to fawn over the President...

"Only in a world of lowered, New Normal expectations was the July jobs report anything less than another disaster for U.S. workers. Nonfarm payrolls rose 163,000 last month as the unemployment rate rose to 8.3%. In addition, employment for May and June was revised by 6,000 jobs.

– Not only is the 8.3% unemployment rate way above the 5.6% unemployment rate that Team Obama predicted for July 2012 if Congress passed the $800 billion stimulus plan. It’s way above the 6.0% unemployment rate they predicted if no stimulus was passed.

– Job growth, as measured by nonfarm payrolls, has average about 75,000 jobs a month during the Obama recovery for a total of 2.7 million jobs. Context: During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.

– This continues to be the longest stretch of 8% or higher unemployment since the Great Depression, 42 straight months.

– If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.0%.

– Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.6%."

July jobs report: America’s labor market depression continues | AEIdeas

We are in trouble......if keeping your head in the sand to serve your political beliefs is what you want, that is your choice but do not allow the machines to sway you from what is true.

The private sector has added 4.5 million jobs in the past 29 months. Just think how many more jobs could have been created if congress had passed the president's The American Jobs Act, which he put out there almost a year ago in September 2011.

What is Mitt Romney's plan for more jobs, except for five trillion dollars in tax cuts for millionaires and billionaires (on top of the Bush tax cuts) and less regulation?

Originally Posted by janmcn

The private sector has added 4.5 million jobs in the past 29 months. Just think how many more jobs could have been created if congress had passed the president's The American Jobs Act, which he put out there almost a year ago in September 2011.

What is Mitt Romney's plan for more jobs, except for five trillion dollars in tax cuts for millionaires and billionaires (on top of the Bush tax cuts) and less regulation?

First of all, I am sure it was by accident because your interest is actually in jobs and not just political rhetoric, you failed to mention the 30 odd bills in the Senate that are not allowed to even be discussed that promote jobs...the failure is per Reid who has deemed them unimportant.

In addition, on the Jobs bill you speak of, I offer the following..

" President Obama anticipated Republican resistance to his jobs program, but he is now meeting increasing pushback from his own party. Many Congressional Democrats, smarting from the fallout over the 2009 stimulus bill, say there is little chance they will be able to support the bill as a single entity, citing an array of elements they cannot abide. "

http://www.nytimes.com/2011/09/15/us...jobs-bill.html

"Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

"Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The "Jumpstart Our Business Startups Act" (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market."

Why Obama's JOBS Act Couldn't Suck Worse | Matt Taibbi | Rolling Stone

"The dim news about the current economic situation has prompted the Obama administration to put forward its latest, desperate effort to reverse the tide by urging passage of The American Jobs Act (AJA), a turgid 155-page bill. The AJA’s only certain effect is to make everything worse than it already is by asking Congress to tighten the stranglehold that government regulation has already placed on the economy.

That sad fact would certainly elude anyone who accepted the president’s justification for the AJA when he sent the bill to Congress. This bill, he said, will "put more people back to work and put more money in the pockets of working Americans. And it will do so without adding a dime to the deficit." How? Why, by closing "corporate tax loopholes" and insisting that the wealthiest American’s pay their "fair share" of taxes."

What is so striking about Obama’s shopworn rhetoric is its juvenile intellectual quality. His explanation for how the AJA will create jobs is a non-starter because he does not explain how we get from here to there. As in so many other cases, the president thinks that waving a wand over a problem will make his most ardent wishes come true, even when similar earlier efforts have proved to be dismal failures. This dreadful hodgepodge of a bill will likely be dead-on-arrival in Congress, but it remains a patriotic duty to explicate some of its worst provisions."


Obama

"Barack Obama continued his sales blitz across the country Tuesday, touting his jobs plan and scolding Republicans in Congress more than once to “pass this bill.”

There was only one rather embarrassing problem: his $447 billion proposal was blocked in the Senate—by his fellow Democrats."

Obama's Jobs Bill Vote Blocked by Reid Over Lack of Democratic Support - The Daily Beast

Bottom line on why it is not passed ? It was another political ploy and even his own party didnt buy in which is becoming more and more the case,

Please explain why you keep referring to this ? I ask because Harry Reid pulled it from being voted on so as to save embarassment to the President !

if Obama is really doing such a great job n foreign relations then I am sure you won't mind listing a few to give the rest of us the same feeling.

When one lists the 4.5 million jobs created there are a couple of things to keep in mind:
Where were they created?
How many were full time with benefits? (today there are millions of part time job holders who have taken a part time/no benefits job while waiting for a real job...they consider themselves unemployed).
How many jobs have gone away? It doesn't matter if 5 million were added if 6 million went away.
How many people have given up looking for a job and are not in any reported numbers any more?

It is the above numbers netted out that can allow showing more new jobs than expected yet unemployment goes up.

Merely bragging about the 4.5 million jobs added represents one (very small) aspect of the unemployment problem.

The reality of the economy precludes ala carte out of context representations!!

Is it a newly released talking point to start referring to Romney as Bush like? It must be it hasn't been a dart until now.

btk

Originally Posted by janmcn

The private sector has added 4.5 million jobs in the past 29 months. Just think how many more jobs could have been created if congress had passed the president's The American Jobs Act, which he put out there almost a year ago in September 2011.

What is Mitt Romney's plan for more jobs, except for five trillion dollars in tax cuts for millionaires and billionaires (on top of the Bush tax cuts) and less regulation?

if the increase in job numbers are fact rather than manufactured/manipulated, plese explain to me why the unemployment rate continues to rise?

Originally Posted by Golfingnut

Stock market soars over the good news.

Romney calls the numbers Disappointing.

As I look at the rest of the world, I am seeing Obama's policies working better and better. We just can't take the chance of slipping back into the mistakes made by the Bush administration. The recovery is slow but steady as to getting worse as it did under Bush Jr.

To Obama I must say:

may i have a reference to your info; please/thankyou.

do you think the unemployed aerospace industry employees in florida feel the same way toward the recovery as you post?

Let me add a bit more reality to this...beyond the fact that the JOBS bill being touted is so bad that even Dems do not want it and Reid will not even put it up for a vote......the numbers just arrived are really bad.

Those who are searching, not for jobs, but political validation should note that the labor department each month uses what they call "phantom jobs" to cover new start up companies, etc. for which they cannot count in any way and just guess, they usually add based on activity.

In July, the month that folks are getting all excited about, they usually DEDUCT jobs from the report because it is in the middle of summer and very very few start ups, etc.

This July, again for the report we are all excited about, the labor department.....ADDED 40,000 jobs for some unknown reason.

Now those of you who really could care less whether jobs are being created and more in love with adoring the President, you will not find much mention of this in msm because it would do harm...the DJ would go down, consumer confidence would suffer, etc, so please do your bowing and adoring....we need JOBS.

"The word psychosis derives from the Greek words psyche (mind) and osis (abnormal condition). Thus, an abnormal condition of the mind is one where you are disconnected from reality.

The non-farm payroll report released in June was a very weak 69,000 jobs. When you subtract the birth/death (phantom) 200,000 plus jobs added by the Bureau of Labor and Statistics we actually lost close to 150,000 jobs for the month. The birth/death ratio refers not to actual people but businesses the BLS think they might have missed."

Loss of jobs - Daily American

Let us stop with the adoring and swooning and have a discussion on how to create jobs.....our future depends on it, NOT on the polls for politicians !

I am still amazed by questions such as this last one: "How are jobs created?"

There is only one answer: By the expenditure of investment capital.

Often in US history, there was an abundance of capital expenditure. Virtually everyone who had 'extra' money, especially the wealthy, invested it. In the last century however, there were two exceptions: The Great Depression and the Great Recession. During the Depression, investors lost a lot of money because of poor financial regulation. Jobs only returned when the government funded huge infrastructure projects, which then turned profits for companies, which then stabilized the economy as private investment replaced public investment.

The Great Recession of 2008- is a little different because only a segment of investors lost their fortunes, but again, because of poor financial regulation. Many of those who still retain their fortunes are simply sitting on those investment funds because they are 'afraid', or more likely, just because they can. Why invest when you gain only a little in these low interest times, and, when you could lose it, like some of your peers have? So we have a repeat of the 1930's, and the obvious answer is that the government must jump start the process, once again, by funding large scale infrastructure and R&D projects. The subsequent reemployment of millions will convince private investors to join in with their start ups and expansions. The economy will stabilize. When it does, the government can back off on public investment again and move toward surplus and deficit reduction. If it's too 'scary' to pay for public investment strictly by adding to the deficit, then taxes must be raised. THE MONEY MUST COME FROM SOMEWHERE.

As long as Republicans will not budge on any increase in the deficit or any increase in taxes for anyone, there will be NO NEW JOBS.

What could be more simple.

Originally Posted by ijusluvit

I am still amazed by questions such as this last one: "How are jobs created?"

There is only one answer: By the expenditure of investment capital.

Often in US history, there was an abundance of capital expenditure. Virtually everyone who had 'extra' money, especially the wealthy, invested it. In the last century however, there were two exceptions: The Great Depression and the Great Recession. During the Depression, investors lost a lot of money because of poor financial regulation. Jobs only returned when the government funded huge infrastructure projects, which then turned profits for companies, which then stabilized the economy as private investment replaced public investment.

The Great Recession of 2008- is a little different because only a segment of investors lost their fortunes, but again, because of poor financial regulation. Many of those who still retain their fortunes are simply sitting on those investment funds because they are 'afraid', or more likely, just because they can. Why invest when you gain only a little in these low interest times, and, when you could lose it, like some of your peers have? So we have a repeat of the 1930's, and the obvious answer is that the government must jump start the process, once again, by funding large scale infrastructure and R&D projects. The subsequent reemployment of millions will convince private investors to join in with their start ups and expansions. The economy will stabilize. When it does, the government can back off on public investment again and move toward surplus and deficit reduction. If it's too 'scary' to pay for public investment strictly by adding to the deficit, then taxes must be raised. THE MONEY MUST COME FROM SOMEWHERE.

As long as Republicans will not budge on any increase in the deficit or any increase in taxes for anyone, there will be NO NEW JOBS.

What could be more simple.

This is not my area of expertise by any stretch but I think what you say is very true but most economists, as I understand them, feel that that time has passed us by. Most I have read feel that should be done at the beginning of a recession to pump liquidity back into the economy and BOTH parties agreed with that if you recall that began even before Obama took office in 2009 in concert with the prior administration.

We can argue HOW that was done and to whom the money went to later.

Most economists that I have read feel that at this point in the recession and we are in really deep do do (do not know if you read the links I posted on the depth of the unemployment in this country),,but anyway, they feel now reduction of the deficit is the big thing because continuation of increasing the deficit is EXTREMELY damaging in the long term.

You mentioned Republicans and I would prefer to stay away from that part.....and just tell you what I have read....we are well beyond stimulating what is wrong in this country.

PS....to your point on being allowed to increase the deficit. In June of this year, the government pulled in the most for any June since 2007 (260 Billion) but spent 320 Billion versus 293 Billion a year ago. I cannot imagine how we can continue on this path. The time for stimulus is past and was blown in my opinion. We will have a deficit of over 1 Trillion by the end of this year, the FOURTH consecutive year. That, and a very serious and disconcerting jobs problem is very discouraging. In my opinion, we need to quickly re work the tax code (that will satisfy the call for the rich guys blood) and do it quickly. MOST IMPORTANT to me is the the next President must get both sides talking. Current President has proved he cannot do that and in fact we are much more polarized than before. Not sure if Romney could do it either frankly, but the current occupant has shown that he cannot. I would love to be optimistic but we have not had this kind of financial woe ever and we continue to promise more and more from the federal government.

Originally Posted by Bucco

This is not my area of expertise by any stretch but I think what you say is very true but most economists, as I understand them, feel that that time has passed us by. Most I have read feel that should be done at the beginning of a recession to pump liquidity back into the economy and BOTH parties agreed with that if you recall that began even before Obama took office in 2009 in concert with the prior administration.

We can argue HOW that was done and to whom the money went to later.

Most economists that I have read feel that at this point in the recession and we are in really deep do do (do not know if you read the links I posted on the depth of the unemployment in this country),,but anyway, they feel now reduction of the deficit is the big thing because continuation of increasing the deficit is EXTREMELY damaging in the long term.

You mentioned Republicans and I would prefer to stay away from that part.....and just tell you what I have read....we are well beyond stimulating what is wrong in this country.

I disagree that we are 'well beyond stimulating what is wrong". Again, my glass is half-full. You are open-minded enough to recognize the absolute necessity of starting the strong stimulus programs under Bush. The economic logic and principles of that are still valid. THE MONEY MUST COME FROM SOMEWHERE. Don't jump down my throat, but the deficit is relative. We have been in worse shape at other times in our history. Look at the impact of the land wars we are finally drawing down from. We can continue as we are with slow job and economic growth and a frozen deficit and taxes as the Republicans have dictated. Yes, the Republicans. But if Obama opponents, including Romney, say this is "disasterous', the ONLY alternative is to unfreeze the deficit and taxes.
I don't think the situation is 'disasterous'. But I do think the human cost of 8% unemployment is a greater negative influence on our collective well-being than whatever negative effects can result from continuing stimulus spending. Of course, I also favor raising most of the stimulus funding through increased taxation, rather than increasing the deficit. You might disagree, and prefer to leave things as they are, accepting the slow but steady recovery we've experienced for at least two years. Maybe that's really a good idea, but if you adopt it you have to stop all the hand-wringing about the President's failures, the unemployment 'disaster' etc.