President Obama Reacts to August Jobs Numbers, Doesn’t Mention Net Job Loss of 54K

How does the press let the White House get away with the meme, “It could have been worse”?
Why couldn’t it have been better? Why not hold them accountable for the destruction to the economy?
Weird choice of words…

There can only be one logical explanation for the rising unemployment rate. No, it can’t be because of Obama’s failing economic policies or Democratic Party control of Congress (and all legislation) for nearly four years. It’s clearly because the unemployment rate is a racist Tea Partier who wants Obama to fail.

He is a failure. He wont even tell the truth. Now he is taking off for ANOTHER vacation. Man the rich sure know how to live.

How dare that President get up and talk like all president’s before him have!

Sick, sick, sick of it all and the excuses, the blame game. Come on news media get some backbone.

Just how long will the left wing mainstream media continue to allow themselves to be sucked in by this guy? Give it up folks, it isn’t working . . . the American people can’t be fooled much longer.

Outsourcing is the issue in a nutshell. Renewable energy companies have been moving overseas to China, they have a large market and also a viable manufacturing capacity along with a much stronger educated workforce. Innovation by Americans, only develops a manufacturing opportunity overseas.

First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The top capital gains tax will rise from 15 percent this year to 20 percent in 2011. The top dividends tax rate will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.
Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.
Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Until this year, a retired person with an IRA could contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.

I have to give you some credit ABC. You are finally coming back to be actual journalists reporting the news. Too long you’ve been the mouthpice of the DNC and Obama. Welcome back!

The Problem I have with the GOP, and their apologists, is their myopic, revisionist, inability to admit their complicity in our current financial downturn. If you ask any Republican — it is always the fault of the Dems. Never have I heard one of them ever admit that their Party added any debt to our situation. However, if you Wiki: Presidential debt by Party — You will find the GOP added 12.6% since 1973 and the Dems 10.7%— they have no solutions and admit no complicity!!! As if Obama( Or any President) could have overcome the Greatest Economic Catastrophe since the Great Depression in only 2 years. No, the GOP and their party drunk zombies , would have us believe that replacing Dems with fake “Austerity” bridled soundbyte Republicans, is the answer to all our ills– Even though Bush doubled the size, scope, and debt of Govt during his 8 years, and left us near total Economic collapse. The Dems are not Great, but the GOP ( and their Party of No) Offer nothing but a return to the very Policies that crashed the Economy in the first place!!!That scenario is a potential catastrophe of unparalleled propensity!!!!

With regards to the tax increase, people need to brace for the forthcoming real estate sales tax of 3.8%. That’s right people – to pay for the takeover of health insurance, this government will tax your sale of any real estate assets at a rate of 3.8%. This man is a lying snake when he said that the takeover will end up costing less and spur on the economy. If you don’t believe me, go and ahead and look this up. For those looking to downsize when you retire, you’re going to lose 3.8% of your capital. That’s hope and change that you can rely upon.

President Obama, I suggest focusing on the fight for jobs— e.g. here’s what I propose –small business aid, the ideas you’re going to discuss next week including the payroll tax holidays, etc.– here’s why, here’s why we can’t afford to delay, here’s why everyone who votes no (everyone, not just Republicans) is failing the country. Here are the people who have failed to act thus far, here are the people who have outsourced jobs (Rob Miller Ad Hammers Joe Wilson: ‘I’ll Never Outsource S.C. Jobs’). Here’s who has good ideas.
Be bold, press onward. Focus on jobs. Don’t be sidetracked into positive spin and defending what has already been done. It helped. It wasn’t enough. Keep going.
The stimulus argument is silly. I’m sick of it. The proposal the Republicans offered was to freeze all spending. Stupid! But nobody expects them to be anything but stupid. Its just one dumb thing after another.
Be bold, Mr. President. No regrets. But we need more.

Yes Obama. Be bold. Resign before you are impeached.

As to TRUE BLUE’s “comments” – yes, be bold, Mr President – don’t listen to Republicans who – for SOME da*ned reason! – don’t like the idea of you driving this nation into bankruptcy & collapse. Continue your BOLD efforts to bow and scrape to any two-bit dictator who rides up in a cab to the White House; your bold efforts to CONTINUALLY apologize to the world for all of our “shortcomings”, real or imagined. Continue your BOLD efforts to schedule MORE vacations for you and your family. Continue BOLDLY in your efforts to sue EVERY SINGLE PERSON OR ENTITY in the US who has the AUDACTITY to disagree with your, “Hell, yeah – let ‘em ALL in! WE’LL pay for ‘em!” policies. You’ve done SO MUCH GOOD for this nation with BOLD “change you can believe in” policies & efforts. And, hopefully, you can go BOLDLY into retirement at the end of this term . . .

MAYBEE, 11:42AM COMMENT: Yes, such a CLEAR, CONCISE answer from the “most open, transparent” President in our history. I’m sorry? What’s that, you want an ANSWER to a question? QUICK – look over there! Joe Biden swore on live mic again!

Why are you people angry at the president. Companies create jobs, not the president. Get angry at the corporations and business that aren’t hiring.

Maybee and Burr,
I think his communication skills have been played up and put on a pedestal– but that’s not what matters most. And he’s a lot more articulate than Brewer– did you see her debate performance? What was up with that?
I felt sorry for her in a way.

Please resign obmaamabobo because we need someone to address our current jobless issues not someone like you that just thinks they are doing an outstanding job. Get over yourself obmamaboo. Quit Resign, i dont care how you do it but just go away

“the key point I’m making right now is that the economy is moving in a positive direction, jobs are being created; they’re just not being created as fast as they need to, given the big hole that we experienced…We’re moving in the right direction. We just have to speed it up.”
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Jake should do a story about how many times we’ve been moving in the right direction according to President Obama.
According to blogger Jeff Dobbs, this is at least the 4th time since October 2009 we’ve been “moving in the right direction”, just not fast enough.

Why the outrage? Aren’t we used to this President and his hypocritical opaque way of operating. This is nothing new.
It would help if one person in your entire Administration had actually created a job in his/her life, started a company, knew what goes into deciding to hire people, etc. But nope, we have the faculty lounge club. Tons of “cool” “smart” “progressive” ideas with no know how of how to put a plan into action, manage people, deal with real life.

Someone please show these comments to the WH and congress apparently they really believe american citizens believe in them and their stupid idiotic debt making policies

Clearly many of you have never worked for a corporation. Their charter is to always improve the bottom line through more sales, productivity and reducing costs.
When costs are significantly higher to produce in the US rather then in other countries (taking into account risks and shipping) then jobs get moved overseas. Since Congress has imposed high taxes on many businesses it tips the scales to produce overseas. Perhaps we should have tariffs on products produced in countries with lower cost environmental laws to at least level the playing field.

I am one of the 11 million unemployed asking myself, “Am I done” for almost 12 months now. I am not a factory worker or burger flipper, not that their is anything wrong wit those job types. Rather I am 59.5 years young with 40 great years of business experience, I worked for two companies that grew from $10M in sales to over $100M and $800M respectively. My last company threw me out, I mean laid me off after 28 years for no reason other than my age and I was making too much. Eight months later they reopened my position with the exact duties and responsibilities I had established except that they required a four year financial degree. I do not have a four year financial degree but I did the job flawlessly for over nine years with no complaints and my team never failed a SOX audit. My point is that this same comapny outsourced manufacturing to the far East, continues to cut expenses bcause sales revenues continue to fall and they build cash. Everyone is right, these 11M jobs are not coming back because American businesses have given up on America.

When Pelosi became speaker unemployment was at 4.7%. That is why the electorate will vote to remove her from that office in sixty days.
We now have an economy in shambles and a failed presidency. Do you Dems remember how you felt just two short years ago? How’s it going now?

This presidency has been like a Greek tragedy: The audience knows how it’s going to turn out; but the hero never quite gets it until it’s too late.

Obama Legacy: He pushed the wrong pedal on the out of control bush economy as it veered towards the cliff. Please someone hit the brakes not the gas pedal on taxes and gov growth !

This President and the democrats are doing it right. A business friend of mine was complaining about too much work.

true blue wrote:”And he’s a lot more articulate than Brewer– did you see her debate performance? What was up with that? ”
.
Style over substance… that how we got stuck with oBama. The lefties are easily bamboozled by slicksters.

This Presidency is a train wreck. Wake me when it’s over.

BURR…. YOUR ARE SAD!!! Burr post at 11:45:42… is typical of the ignorance that is flooding this Country .. Apparently Burr is reading Headlines and nothing else… what kind of mindless idiot would believe that our President would just arbitrarily do the things this nutcase is spurting out? Burr hates the President because he himself is ignorance…. Ever if you disagree with the message… the unfounded lies are ridiculous!!! I wonder what is your take on the Republicans… Hmmm…let me guess…they are perfect! Republicans heavily depend on low IQ people to push their “DO NOTHING AGENDA” … So just continue to be used like a glue mule …. this is a waste of time…

joey, cause his supporters believe anything he says! Although, those on this thread are only defending his right to speak, not his policies. Come on November!

Let me rephrase the message I mean I still would not vote for REB. As for as people saying that they want to take the Country back if died today or tommorrow this country ain’t going in a casket with nobody. The their is nothing wrong with loving this country because we all do. As for hate we talk about the Muslims. This country can’t talk about hate to no one because they laugh at us saying look how they treat their Leader. To some nations they don’t care about you skin color they hate Americans rich or poor. No matter how you look at it its all ugly. Wether its coming from foreigners or Americans.

Saw a comment stating how the Bush was responsible for all the jobs going overseas…well that jobs hemorrhaging started in the early 90s. However, I am not blaming Clinton, that was a product of a decade of congressional policies and a simple fact, LABOR WAS CHEAPER overseas.

how is a group of professors, politicians, and tax cheats led by a community organizer going to help small businesses start hiring again?

What people are forgetting is this is the worst recession since the great depression and that jobs are always a lagging indicator in any recovery. I kind of agree with some of the comments that corporations and not the President are directly responsible for hiring. However, the president needs to look at new ways to expedite the recovery. Stimulus was one way and historically appropriate. Tax cuts don’t know how much room we have considering the deficit he inherited and created. As for the people wo jobs – I have been there before (8 yrs ago) under Bush presidency. I do have a job but looking at other career prospects is a good idea. I have and am working on it for the last 4 years although I have a job.

brian, you are the pot calling the kettle black!

The Democrats have been in charge of Congress since Jan. 7,2007 and the economy has gone down since then. The idea to sink the economy so the Democrats could win, worked for Pelosi and Reid. The problem is they are not smart enough to figure out how to make the economy move forward. Of course, Obama doesn’t have a clue if the bill doesn’t say stimulus in the beginning.

Oh for Pete’s sake will some of you wake up? NO PRESIDENT can fix short term jobs. The right knows this and right now they’re just hoping to take the power back, praying there will be an improvement, so they can claim they caused it. And no, slashing corporate taxes won’t bring jobs back. Because they’re all going where they can pay some Indian a fraction of what they have to pay us in the US. It’s called a global economy. We will go down, other nations will go up. This job bleed has been going down for years and all of this garbage today is not remotely Obama’s fault. If McCain was in we’d be in the same spot. Grow up, buck up, and this will pass.

“And I’m going to have a press conference next week, where, after you guys are able to hear where we’re at, we’ll be able to answer some specific questions.”
Translation: “I’m going on Vay-cay to Camp David this afternoon, so I won’t have time to THINK about jobs until next week.”

“Let me be clear” to borrow the anointed one’s term, this President just isn’t experienced enough to understand how businesses work. You can’t create an atmosphere of fear, finger pointing, rule changing, wealth redistribution, threat of tax hikes, bailouts for losers and bipartisanship and expect private companies to take risks. Just about everything he has said and one is counter to what businesses want to hear.

Martine L – Well said. I’ve yet to hear anything new out of them. All I get is “he’s a community organizer, and we need to do exactly what Bush did that didn’t work in this area when Bush did it, but we’re dumb enough to think it will now.”

true blue wrote:”And he’s a lot more articulate than Brewer– did you see her debate performance? What was up with that? ”
.
Style over substance…
Posted by: gk | Sep 3, 2010 12:24:31 PM
There was neither style or substance, and your point about style over substance would be better directed at the gotcha nitpickers.

true blue: “The stimulus argument is silly. I’m sick of it. The proposal the Republicans offered was to freeze all spending. Stupid!”
NO, what’s SILLY and STUPID is having a federal budget, HALF of which is borrowed, and continuing to spend MORE as receipts continue to DROP. Try running your own household that way and see how long it takes before you’re bankrupt.
Liberals/Progressives are clueless about economics. Zogby proved it back in June with a survey where self-identified liberals incorrectly answered basic economics questions 67.5% of the time. The more liberal the respondent, the worse they did. The more conservative the respondent, the better they did. Not exactly shocking news to those of us who work with people in the area of personal finance.

Sooo right. Typical Republican. Cut taxes for the businesses firing or not hiring people, but refuse to give unemployment or any safety net to those they fired.

I’m sorry, but the different between 750,00 and 54,000 is pretty huge. Sick of wingnuts holding our economy to ransom for political gain. Hey wingnuts, the stock market is up by nearly another one per cent so far today. Time to screw up America some more.

Republicans heavily depend on low IQ people to push their “DO NOTHING AGENDA” … So just continue to be used like a glue mule …. this is a waste of time…
Posted by: LAUREN | Sep 3, 2010 12:31:52 PM__________________________Ok where is your proof. It seems to me the democrats relied on those same low IQ people to get Obama elected. You know the ones that thought he was going to pay their mortgages and so forth. Idiots the lot of them.

Mike Co, if you truly don’t understand what he’s saying I shudder for the future of the company you are CO of.

“Liberals/Progressives are clueless about economics.” This from someone who supported Bush?
Umm, look where Bush took us baby.

Mike Co, if you truly don’t understand what he’s saying I shudder for the future of the company you are CO of.
Posted by: M L, NY | Sep 3, 2010 1:05:07 PM_____________I believe Mike is from CO. Much like you are M L from NY

“You can’t fix in a year and a half what it took eight years to screw up.”
Democrats have controlled Congress (and all legislation/taxation) for nearly four years. Are things better or worse than they were in January 2007?

Always fascinated how so many people post to CBSNews forums while being avidly tuned to Fox News. But thanks for the advertising revenue guys.

So Mary, IF Republicans get more seats in November, will everything that happens afterwards be THEIR fault? Just askin’

Easy $ guess what???? Business owners hire workers thus lower unemployment. If you are after them as Obama is and want to make them pay more and punish them for being in business guess what???? They are going to limit their staff and not take risks and lay off. Businesses rather you like them or not keep this country afloat. Did not Obama campain that if you own a business and are based overseas he was going to go after the and tax them heavey?? When is that going to happen?? It is not because they donated to him. Sprint, IBM, MSN, Fisher Price, even GM and Chrysler and on and on and on. Bring those jobs back to America. You cannot have it both ways. Leave business alone and this country will heal fast.

We (individuals and businesses) need a tax system in this country that is fair and simple. If the Fair Tax were to replace our ridiculous tax code and IRS nightmare, we would see TRUE economic recovery in this country. But the odds of that happening are slim because it would require a relinquishing of power from the political elites in Washington on BOTH sides of the aisle. As long as they can continue to get us to play stupid partisan games with each other, they win and the country suffers.

This President has inherited a mess. It was years in the making. It will take years to repair.

Oh, Nasdaq’s up by another .20% in the last half hour. Time for Republicans to weep into their lattes.

meetings with Bill Gates and Mayor Bloomberg, small business owners, for example) and his opposition whines about it because he orders a sub sandwich or golfs at the same time.
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Bill Gates and Mayor Bloomberg are too far removed from business operations, and too unique to be representative.
I know he met with sub shop owners, but as I said- I don’t think he benefits from talking *to* them. He needs to hear *from* them. I’m not talking 20 minutes and a photo op speech.

Just two short years ago, the credulous saps were anticipating the Dawn of the New Era. Now they are staring dumbly at the wreckage of a clueless presidency, and at an enraged electorate salivating for the chance to vote in a national referendum on Obama.
To those dopes I say, “Ha ha ha ha ha.”
—
You work for Goldman Sachs too?

“When the Democrats took over Congress 4 years ago the unemployment rate was 4.6% it’s now 9.6%.”
That’s what losing 750,000 jobs a month (thanks Georgie baby) will do to ya.

In her speech the other day, Christina Romer said “To this day, economists don’t fully understand why firms cut production as much as they did, and why they cut labor so much more than they normally would, given the decline in output.”
I say, get on the phone and call some of the firms in question. This is not unknowable information.

Nim Rod, it is not only the rich invested in the market. So are our futures.

It’s a hoot right now to see Republicans trying to talk down stock market gains. When if the stock market was going down they’d be saying it was Obama’s fault. They really do NOT have America’s interests at stake do they

Keep in mind that Mr. Obama’s only experience is as a community organizer. This means that he has never created anything. Just took from the productive sector through agitating. Why would his ineffectiveness as president be a surprise?

“Lopez. then get off your butt and get one. That’s the Republican solution.” Starr.
Um, No. The Democrat “solution” is to attack small businesses and create an adversarial enviroment where employers are fearful of the next shoe to fall with regards to regulations and costs (like healthcare). When one in six Americans are getting government assistance, they think that will translate to Democrat voters. (It won’t affect me that way.) Welfare takes away your dignity and pride. Dems are afraid that jobs will give people back their independence.
The Conservative way is to create a business (read that JOBS) friendly enviroment. I could care less what the Republicans do. That title means nothing if you feed at the government trough and cannot tell the difference between a want and a need. (Hint: Stop spending just to spend our tax dollars.)
Our Democratic Congress and White House are making it more and more difficult to get a job, but thanks for the reminder of how the Democrats are scr*wing up now that they have all the power. They know how to pull heart strings and purse strings but not how to positively effect the economy.
I still need a job.

Non of them in photo look at all like they’re exited about the employment news. Infact they look a bit ashamed of the spin that they’re participating in.

Posted by: Watson |
Watson, you are lying. Obama has experience as a writer (that’s self-employment), lawyer (that’s a business), community organizer, teacher, state senator, US senator and president. He also ran successful campaigns. Stick to the facts. If you want to say he doesn’t have experience running a business or in manufacturing or whatever, say it– but don’t outright lie and expect to be taken seriously.

It is frightening how much Republicans resent a president who is smarter than they are. I have always prayed for a president smarter than me.
Posted by: George, PA | Sep 3, 2010 1:20:40 PM____________________How do you know he is? He never released his grades from Harvard.

Don’t worry.
President Spend-Spend-Spend-and-No-Tax-Cuts-For-Anyone is now a tax-cutting fiscal hawk as of, um yesterday.
The desperation of the Obamacrats here and elsewhere – relentlessly trying to spin and lie their way out of the disaster they’ve created in the last four years (yes – the Democrats have controlled the spending for the past four years, and that coincides with the declining economy) – is truly a thing to behold. I can’t way to see them after election day saying that losing Congress is actually a good thing for Obama or good for the Democrats. If that’s what they really think, I’d encourage them to keep losing. And so would America.

“M L, NY |
Mike Co, if you truly don’t understand what he’s saying I shudder for the future of the company you are CO of. ”
Why don’t you sell your capital to buy new equipment, and see if you will pay any taxes. Remember, almost all capital has depreciated in the last 2 years. Let’s forgive anyways, that capital gains are rarely a way to fund purchases of new equipment for small business.
Shudder indeed. Do you think you know what the president is talking about, or do you think you know what he intended to say instead? Neither is likely…

Wreckovery Summer, Fall of Obama, Winter of Discontent…

Posted by: Good Lt |
I urge everyone to fact check the no tax cuts for everyone lie. Its a big one.
Of course, anyone that thinks that the situation we’re in is the result of Democrat actions only and the past four years only isn’t credible or well-informed. Someone is either playing politics or really lost in the dark.
Nearly the entire deficit for this year as well as those in the near and medium terms are the result of three things: the Bush tax cuts, the ongoing wars in the Middle East, and the Bush recession. Obama inherited all three, and polling suggests the American people are well aware of that.

“Let’s see: GOP claims Social Security is bankrupt and should be invested on Wall Street (despite the fact that it’s solvent till 2040, so that’s a lie).”
Are you seriously this stupid? Because Bernie Sanders and some other partisan hacks claim Social Security is solvent, the $100 trillion in unfunded liabilities magically disappears?
Social Security is already in the red THIS YEAR! Forget 2040. In 2010, it’s paying out more than it’s taking in. Just because there are trillions in IOUs sitting on the books doesn’t make it solvent. And this isn’t factoring in the impending retirement of tens of millions of baby boomers or the half a trillion Obamacare slashes from Medicare.
Stop listening to Democrat and media(I know, I’m being redundant) talking points. Open your eyes and understand that happened in Greece is fast approaching this nation if we don’t get our fiscal act in order.

You’re doing a heckuva job, Barry, a heckuva job.
America. Suffering under Socialism since January 5, 2007–the start of the collapse of the American economy.

‘The net job loss for August is largely because of the layoffs of 114,000 Census temporary workers.’
if they counted these crapola jobs on the way up, they sure as heck have to claim them on the way down.

And this isn’t factoring in the impending retirement of tens of millions of baby boomers
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So Reagan failed? (In 1983, President Reagan created the Greenspan Commission. It was tasked with studying Social Security and making recommendations, some pertaining to the Baby Boomers)
While its true that Medicare spending will soar if health care costs aren’t curbed, Social Security spending is projected to level off as a share of GDP after the Baby Boomers retire.
The propagaters of myth, lies, distortion and smears are propagating myths, lies, distortion and smears about Social Security. Know the facts.

You hacks that continue to justify the lies look dumber and dumber each day. Enough with blaming the other side, the past administration or your next door neighbor. The simple fact of this story is that this guy is willing to say anything to win the mid-term.
There are enough lies in this statement to sink any political figure, but because he our first black president, we continue to look for ways to justify the crap that comes out of his mouth
.

This just shows how “disconnected” Obama is from the everyday American. Sometimes, I wonder if he EVEN cares…all he does is spew his empty rhetoric. “Hey, Obama…no one is listening to your lies anymore! Do something, or get OUT of our White House!” I’m tired of seeing my neighbors lose their jobs, their homes, kids aren’t able to go to college, etc. I blame this on Obama…..you ARE NOT a Leader…..!!!! November can’t come soon enough!

Guess which party was in charge of Congress during 56 straight months of job growth, 7+ million jobs created, and an unemployment rate of 4.8%, from 2004-2006?
That would be the GOP!
Guess which party was in charge of Congress when the crap hit the fan at the end of Bush’s term?
That would be the Dems.
Guess which party has been in charge for the entire disaster of the Obama presidency?
That would be the Dems!

How nice of King Obama the Narcissistic Buffoon to take a break between his sixth and seventh vacations of the year to spin his Summer of American Wreckovery for the little people.
Unite, Americans…
It’s going to take every one of us to get the Obamas, unions and parasite “social justice” Democrats off of our backs and out of our wallets.
Vote.
Democrats.
Out.
ALL OF THEM.

For the first time in my life, I am totally embarrassed by the POTUS. Obama has and continues to LIE everyday. I don’t see how he can look at himself in the mirror, knowing what he has done to America. I voted for Hillary and I knew she should have won and our country would NOT be in this shape. Hillary was right…Obama has just “let the phone ring for that 3am call”. Now,I see there are ads about to go out encouraging Hillary to run. I sure hope so. Obama is a catastrophe and has almost completely destroyed America, especially the medical profession. To put it simply, “Obama is a total DISGRACE!”

Anyone completely blaming the economy on Bush “isn’t credible or well-informed. Someone is either playing politics or really lost in the dark.”. The stimulus was supposed to keep unemployment under 8% remember? How did that work out? Bailout of GM and Chrysler? Cash for Clunkers? Are we forgetting all these programs that were supposed to save us?
Romer has admitted what most of us who are not drinking the kool-aid already knew, that Obama and his team have no clue whats going on. They had no idea how bad the economy was. That they merely expected this recession to go the way of all the others despite the fact they were doing the exact opposite that other smarter administrations had done.

Where did all the money go that was supposedly spent….trillions..sitting in the fed reserve..while we pay interest.. If one can’t produce job growth with trillions of dollars it means either the money is stolen or they don’t know what the hell they are doing… 120 days to the highest tax hikes in american history and NOTHING TO SHOW FOR IT!!!! the dems will feel the pain…their taxes are going up too and the poor will only become poorer!!!repubs dems they all need to go

When the Republicans were touting the bush tax cuts, the didn’t care about the deficit. Now they say the deficit is the most important thing. Yet, the want to continue Bush’s tax cuts for the rich, even though letting them expire will actually lower the deficit, while keeping them will add $2 Trillion over the next decade. What was I saying about hypocrites?

The President should have said “The majority of economists were wrong. I am going to start listening to those economists in the minority who were ignored. I have learned that Economics like Natural Science isn’t a popularity contest”

Country is moving in the correct direction if you are hoping to collapse the government to reform it in a more socialist/facist form. Folks, this country is bank rupt we are living on play money.

To Mike, Co: Typical emergency?! You mean like the oil spill in the Gulf? That kind of typical emergency? By the way, what kind of impact do you think that typical emergency had on the economy? I guess that’s Obama’s fault too.

Nov 3 2010: “435 incumbents were voted out of office in the House of Representatives last night……”
How sweet of a headline would that be?
Ditch’em all !!!

A: Bush inherited the dot com bust and we recovered from it quickly. (tax cuts)
B: We had 911 and we recovered quickly. (tax cuts)
C: Bush Econ pretty much rocked most of his term.
D: liberals who keep saying it took Bush 8 years to ruin the econ need a history lesson.
Two types of liberals
The duped and
The dupers -

Martha: laws have to be signed by the president. So being in charge of congress doesn’t put them in charge of the government. They’ve had that role for a little over a year. And, I get my news from several sources, not just Fox. So all you Fox Zombies can stop regurgitating your propaganda to me.

“To tomas: Typical emergency?! You mean like the oil spill in the Gulf? That kind of typical emergency? By the way, what kind of impact do you think that typical emergency had on the economy? I guess that’s Obama’s fault too.”
Well, another attempt to switch the topic.
Remember when Obama asked to pass the extension of the unemployment benefits because it was an emergency? Apparently, in your mind, that emergency was caused by the oil spill in the gulf! Or why did you change the subject?
Do you have something to add to the discussion? My point is that Obama has no idea how the economy is working — refer to Romer for her ‘expertise’.
Your point is that regardless of Obama’s missteps, errors, or ‘emergencies’, it is all forgivable. I can forgive, but I can do so when Obama acknowledges his failures. This speech he gave today does not acknowledge any failure, hence it is not a time for forgiveness. It is a time for change!

It’s funny all the republicans that are so against Obama, yet they happily supported Bush who was 1000 times worse. Big government?? Republicans invented the concept. The only difference was the big government under bush was welfare for corporations.

Do you have something to add to the discussion? My point is that Obama has no idea how the economy is working — refer to Romer for her ‘expertise’.
—
The unemployment rate won’t go above 8%. Enuf said…

I own a small business and what we need are customers. The administration could not be more out of touch with what small business needs to prosper. Get the hell out of the way, quit spending so much money, and keeps taxes low enough that we get to keep a reasonable return on our investment. The government takes multiple times the profit we make, if we can make a profit. Get off our backs!

mike,
Democrats have pretty much controlled Congress for about six years now, so your assumption of eight years is a tad wrong. Democrats have run it into the ground, but the republicans were not a lot better, since they complied with efforts to see “bi-partisan”- Bush’s main failing, BTW.
What is dooming the democrats is that jobs were the obvious priority, yet they placed focus on the health care bill that will INCREASE unemployment due to taxes to support it and job losses for any business to comply. The election eve efforts for now finally focusing on jobs will only make the current trends for democrat purges to increase. Most voters see through this BS.
I think all democrats should be forced to take both a macro and micro econ course and stay away from the neo-classic theories in the process.

Posted by: Mary | Sep 3, 2010 2:40:13 PM
Look how well things are working in Mass. They don’t even need to tax my yacht anymore!

I cannot believe that “BO” still has such a strong Communist fan club following. I have never seen a bigger bunch of clueless losers than the dopes that still like this Marxist. Liberalism is a mental disorder and it needs to be classified as such.

No Mike. I actually think Obama has made some mistakes. But if you want a subject change I’ve got one: How much money have we spent on Bushes War in Iraq? Wait, that is on topic. You see, money the Government spends has a direct effect on things like the economy and deficit. Funny Conservatives never bring up the cost of the war when talking about the economy. You know the war Obama said was a bad idea at the time.

Posted by: justayreal74 “I’m sure by the end of Obama’s 1st term, the same people blaming him about healthcare and the economy will be the same people thanking him.”
________________
Um, dude. Put the Kool-Aid down.
The only way Americans will be “thanking him” is if he resigned from office effective immediately.
Short of that, he will remain the most hated and least effective president in American history.

The majority are finished. However you’d be better off voting for libertarian republicans or especially INDEPENDENTS, than you would the GOP.
Don’t like D’s, don’t like R’s, vote 3rd party… You really think anybody can do worse than the D’s and R’s at this point!?!

the democrats have not performed any better than the GOP. Our budget surpluses with Clinton were an illusion due to the excess of the social security reciepts coming in that should have been put into the Al Gore Lockbox.
We cannot give seniors more money in benefits than they have paid into the system. Its simply not sustinable.

And it has much less effect on the deficit than the Bush wars, Bush recession and Bush tax cuts.
—-
Tax cuts are bad. We shouldn’t have funded wars either. Rep. Rangel and I are coming up with new policies as we speak.

to Mike: Obama has acknowledged failures. He has mentioned missteps in interviews, and not just about the economy. By the way, how many times have Republicans mentioned there mistakes. The Republicans in congress never say they’re wrong. And, after 8 years and several mistakes, Bush still hasn’t mention he was wrong about anything.

You would have to be a complete idiot to think that this President and his team are taking the right steps to improve the private employment picture. Nearly 2 years in office, things are bad and getting worse.
Simply look at the results. Judge by the results – not his talk. He has absolutely no background in business – never worked a day in his life. What would you expect? The only thing that will help at this point – vote out every politician with a “D” behind their name.

“This recession was started by government action—-Fanny Mae, Freddie Mac, Community Redevelopmnet Act,etc. Then spending us into a 13.5 trillion dollar dept to pass to our children. Perhaps trying a little less govenment intervention is worth a try.”
No way.

to Dave Thomas: The L and R do mean Something
They have completely different approaches to Americas problems. While both sides want what’s best for America, their definition of what’s best is very different. If you don’t like the debate perhaps you should ‘stay out of the kitchen,’ so to speak.

“to tomas: Obama has acknowledged failures. He has mentioned missteps in interviews, and not just about the economy. By the way, how many times have Republicans mentioned there mistakes. The Republicans in congress never say they’re wrong. And, after 8 years and several mistakes, Bush still hasn’t mention he was wrong about anything.”
Oh really! So while Obama ‘admits’ failure, he is still calling it “recovery summer”. This was a direct question today: did Obama clarify his position enough for you, detailing what did not work?
Remember, Obama has always said that we are moving in the right direction on the economy. Instead of acknowledging that his plans did not work, it’s always “That’s why we need to take further steps”. Those “further steps ” have been in the form of “emergency” spending, once for unemployment benefits and once for teacher’s unions to expand their membership.
Isn’t convenient to say “That’s why we need to take further steps” while claiming that we “are moving in the right direction”. The world could learn something from this man!
Will Obama be right the 100th time he “takes further steps”? Rhetorical, of course…

To those complaining about Obama’s economic judgment … he is not as clueless as you give him credit for. He’s flying the economy into the ground deliberately. Apparently he wants to bring the USA down to size so it can no longer perform the evil acts he is always apologizing for.
Meanwhile, a combination of class-warfare, culture-warfare, and political-warfare are being used to distract everyone from that reality.
Half the country is clue-less and unwilling to stop him. The other half is clued-in but unable to stop him.

My dream November 3rd headline in the NY Times:
DEMOCRATS LOSE ALL HOUSE SEATS, SENATE SEATS AND GOVERNORSHIPS.

Why doesn’t anyone ever mention the fact that the bailouts started under Bush? It was the only thing he did I thought was smart. Obama decided to continue them. And, now every one want’s to pin it on Obama alone. Because the haven’t been as effective as people have wanted. I believe the bailouts, and the stimulus have been positive steps. You wan’t some one to blame how about the bank’s who were given all that money, and now refuse to loan it to anyone. That’s what’s really killing the economy.

True Blue:
The bailout of GM and Chrysler? If I recall, BO said prior to the money being taken from us and given to the union, that without the bailout, GM and Chrysler would have to file bankruptcy.
They did anyway. And they are still here. And they would still be here, and far more profitable, and adding jobs left and right, if they had been allowed to go through the legal process as established by law and precedent. But, BO stepped in to aid his union cronies and allowed extra legal processes that flat out violated established bankruptcy law, put the gpovernment in control of two huge companies and did nothing to preserve jobs in those companies. They still shed 1/3 of their dealership franchises, over 1/3 of their workforces and closed plants around the nation.

To all:
By the way, get off the “Bush” thing. Good guy, not our best president. But he is NOT CinC any longer and has been out of the WH for 20 months. This is OBAMA’s mess. He pushed for the spending. He’s pushing for the taxes. He is the one to blame now. Even NPR is beginning to see this. Why can’t you?

Thomas: Bush did admit mistakes in a number of TV intervews at the end of his term.
Was he completely forthcoming? No. Has any President ever been completely forthcoming? No.
You are probably thinking of the news conference in which Bush was asked if he had any regrets, and he couldn’t think of any.
He thought of some later. It’s fine to criticize any party or leader, but it’s necessary to be factual.

there will be no recovery until Obummer takes an economics or business course. I predict, if he lets the tax cuts expire, 15% unemployment by Spring 2011.
The definition of insanity is reinforced by Oblunder and his admin doing the same thing and expecting a mircale that cannot happen. There is no spending, businesses in general aren’t selling(don’t have customers, or enough customers) hence they aren’t hiring. This president will be the most hated in history.

JustSayNo Said: “The only thing that will help at this point – vote out every politician with a “D” behind their name.”
=======================================
LMAO! ……. Oh yes, yes…you can count on me to vote for Republicans again, so that I can watch my stocks and IRA plummet again, AND I can watch another Republican administration run around congress and BEG for another Wall Street Bailout because for some reason the free market didn’t work under their watch.
Yep, I’ll vote Republican again… count me in…. LOL…. (Right!)

to Dave Thomas: I didn’t make your point. You missed debate can change minds. Don’t believe me. How many Democrats voted for Reagan? How many Republicans voted for Obama? Just because neither side has reached your ideal government, doesn’t mean their aren’t differences. Those differences have made an impact: civil rights, Medicare, Social Security, healthcare for everyone, wars, economics, etc… Differences make a difference.

wmony:
Oblamer and his minions are just awful and incredibly insensitive. Unless his inflated ego takes a hit, he will be this century’s Hoover.

The first stimulus money would have been better spent giving everyone a tax holiday for a year, including employers. That would put real money back in to everyone’s pockets. Allowing them to spend it as they see fit instead of only giving the money to politically connected chronies, lobbyists and Unions.

Bush cut taxes and increased spending, an effective 8 year stimulus and still cratered the economy largely through near mercantilist policies that squashed small businesses. It was good for a few years if you had stock and pulled out before the crash, but if you factor out GDP the amount of growth attributable to refinancing – private debt – and the effect it had on the economy and count job growth over 8 years, it was a pretty weak economy.
The only thing that will pull us out of this recession is competitive markets (not ‘free’ market anarchy) and enforcing laws on large companies. Competitive markets will lead to greater employment and job growth, leading to increasing wages – we’ve seen massive productivity growth during the Bush years with near zero real wage growth, leading to an unconsumable surplus because we can’t export for reasons too complex to go into here.

Biden took his “Summer of Recovery” comedy
show on tour this summer now Obama is
doing his part to contribute to this
comedy farce. These guys belong with the
traveling carnival shows selling snake
oil. Unbelievable clowns.

So classic to see most of you morons debate this issue as if the smartest people in the field aren’t trying to come up with solutions. This is no trivial dilemma. Did you honestly think that this issue could be fixed in a few years? Its laughable to even read some of these comments that trivialize the complexities of the economic problems we are experiencing. Two wars, banks holding their cash and not loaning, corporations sitting on cash and not hiring, health care costs escalating, so many damn variables. Its not that simple. There’s no Easy Button people.

Our economy will not improve until Obama stops instilling fear in small business owners through his insatiable appetite for increased spending. A recovery would begin tomorrow if he would simply step forward and announce that he would not push any new government initiatives until the economy has fully recovered and unemployment is back under 5 percent. He is just simply to ideological to do this. That means our economy will not begin to recover until January,24 2013 – the day president Palin takes office.

““I don’t regret the notion that we are moving forward, but because of the steps that we’ve taken.”
Q1 growth? after revisions 2.7%
Q2 growth? after revisions 1.6%
Yep, that’s moving forward. Maybe next quarter we can get GDP growth down under 1%; but it’ll probably cost us another trillion dollars to get there.

Private Sector job growth in July, before revisions: 71,000
Private sector job growth in August: 67,000
Unemployment rate July: 9.5%
Unemployment rate June: 9.6%
Yeah, that’s moving in the right direction all right. Give us a break please. I kid you not, CBS News has an article over at there site that doesn’t make a single mention of the net job loss, not a single one. You can’t make this stuff up.

Sorry, in a previous post I accidentally wrote June instead of August.

Obama = Epic fail
How can anyone take this guy seriously? He is incompetent and too rigid in his thinking to change. He is so typical of the son of a business owner who goes off to college and returns to run the family business. He has nothing to reference other than academic arguments made by his leftist college professors. In the real world, theory and ignorance of what actually drives our economy do not work. Obama is a text book example.

Agree with Dave Thomas and Vince. 1) The government caused this mess. Banks were encouraged (strong armed) to give loans to loosers. Fannie & Freddie had the same agenda. 2) I don’t believe the current administration (President and Congress) want to fix the economy. They would prefer a total collapse whereby everyone becomes totally dependent on the government. Anyone remember Cloward Piven?

ACO | Sep 3, 2010 4:18:07 PM…..I think you have a finger check? Should have been ‘Cloward and Piven’?.

I don’t understand why Obama just doesn’t hire Baghdad (“The Americans are not there. They’re not in Baghdad. There are no troops there. Never. They’re not at all.”) Bob to put out the economic information.
He has more credibility than Obama.

WHAT.A.JOKE.

A few more “Summers of Recovery” and we’re ALL going to be out of work. Lets all pray we don’t have a “Fall of Recovery” or we are DONE for.
But this is all very elementary. Socialism simply doesn’t work. The economy failed largely due to the housing market implosion… thanks to Fannie Mae, a Socialist housing program introduced in the Carter administration, and the ‘well intentioned program’ was grown over the years from a small rodent size to Godzilla size to Christopher Dodd, Maxine Waters, Chuck Schumer, Artur Davis, and Barney Frank and others (all Democrats.)
Now that Socialist policy nearly brought our economy to its knees, sadly, Socialism does not have the means to restore a Constitutional Republics Free Market. The only thing Socialism can do is sap the life out of an economy like the parasite it is.
What a perfect lesson, my fellow Americans. But we have been through this before… so the question is… WHEN ARE WE GOING TO LEARN?

Remember Sept 19, 2008.
THAT IS WHEN GEORGE BUSH AND HENRY PAULSON ANNOUNCED THE BEGINNING OF THIS ECONOMIC DEPRESSION.

Remember who saved *MANUFACTURING JOBS* in America by saving GM and Chrysler.
Barack Obama, that’s who!
Not the hamburger flipping jobs Republicans are always promising.

Remember the SECOND CAUSE (besides George Bush) for this economic depression:
REPUBLICAN LAWMAKERS WHO HAVE DONE EVERYTHING IN THEIR POWER TO SABOTAGE ECONOMIC RECOVERY IN AMERICA!

REPUBLICANS ACTIVELY PROMOTE THE ECONOMIC FAILURE OF AMERICA.
60 million jobs lost since George Bush announced the beginning of this economic depression.

REPUBLICANS OPPOSE LOANS SMALL BUSINESSES BECAUSE THEY MAY CREATE ECONOMIC GROWTH!

REPUBLICANS FAVOR THE BUSH TAX CUTS BECAUSE THEY *MOVED* MONEY FROM THE MIDDLE CLASS TO OUR LORDS AND MASTERS, THE BILLIONAIRES.!

Hello people, wake up. The longer we continue this Democrat/Republican streetfight the more we lose. It’s the system folks, it all needs to be tore down.

John, your caps key is stuck.
Marxism removes money from the middle class leaving a ruling elite and a permanent lower class.
Look into what Obama believes, what he has proposed, who is floundering and who is prospering under his presidency.

thomas—”Dear Mikki, Wasn’t it the Republicans who removed all the financial regulations in the first place. Guess that was Obama’s fault too.”– NOPE.. Clinton did that not the republicans…1998.. It was called the gramm/Bliley/Teagel act and it repealed teh Glass?steagal act of 1930. it was written by to republicans and one democrat at the behest of Clinton, was voted on and passed 92-6-2. and Signed immediately and happily by linton who even gave a speech stating that this law would finally allow minorities and lower income Americans the ability to achieve the American dream of owning their own home…

Please resign…. your community needs you to come home and organize it. The murder rate there is worse than the causality rate in Iraq.

Obama is still losing jobs (most recessions only last 18 months), and he thinks we are moving in the right direction? Obama you are a complete fool.

The private sector created 67,000 new jobs. Wasn’t the private sector where to right wing said jobs needed to be created.
Seems like half the country is suffering some kind of mass hysteria that can’t see positive signs. Here’s the private sector creating jobs and the government cutting jobs( the perfect scenario , accoring to conservatives) and STILL the right wing whines.It’s like subliminal mind control that renders them incapable of optimism. Very Un-American .

We could turn this economy around tomorrow if only all Americans were trying to make things better.
BUT THE REPUBLICANS KEEP SABOTAGING ANY EFFORT TO HELP THE ECONOMY.
Republicans are to economic recovery as Hamas is to Middle East peace talks: REPUBLICANS ARE AGAINST ECONOMIC GROWTH IN THIS COUNTRY.
However, they are for transferring money from the middle class to Billionaires. That is what the Bush tax cuts did.

John Miller Said: “Remember who saved *MANUFACTURING JOBS* in America by saving GM and Chrysler. Barack Obama, that’s who! Not the hamburger flipping jobs Republicans are always promising.”
=======================================
AGREE!!
PRESIDENTIAL RECORDS FOR SAVING MANUFACTURING JOBS IN THE USA OVER THE PAST 29 YEARS:
(Data from the Bureau of Labor and Statistics Website)
REAGAN’S RECORD:
Start (Jan 1981)=18.6 million Manf. Jobs
End (Jan 1989)=18.1 million Manf. Jobs
=Loss of 500,000 manufacturing jobs in 8 years (5,200 manufacturing jobs lost per month).
BUSH # 1 RECORD:
Start (Jan 1989)=18.1 million manf. jobs
End (Jan 1993)=16.8 million manf. jobs
**Loss of 1.3 million manufacturing jobs in 4 years (27,083 manufacturing jobs lost per month).
CLINTON RECORD:
Start (Jan 1993)=16.8 million manf. jobs
End (Jan 2001)=17.1 million manf. jobs
**Gain of 300,000 manufacturing jobs under Clinton over 8 years (3,125 manufacturing jobs gained per month).
BUSH # 2 RECORD:
Start (Jan 2001)=17.1 million manf. jobs
End (Jan 2009)=12.5 million manf. jobs
**Loss of 4.6 million manufacturing jobs under Bush # 2 (47,917 manufacturing jobs lost per month).
OBAMA RECORD:
Start (Jan 2009)=12.5 million manf. jobs
End (Aug 10)=11.7 million manf. jobs
**Loss of 800,000 manufacturing jobs in 19 months (42,105 manufacturing jobs lost per month).
However, in January 2010, FOR THE FIRST TIME SINCE JANUARY 2001, the Bureau of Labor and Statistics data for manufacturing jobs in the USA actually started increasing instead of decreasing:
Jan ’10 = 11,556,000
Feb ’10 = 11,572,000
Mar ’10 = 11,591,000
Apr ’10 = 11,629,000
May ’10 = 11,668,000
Jun ’10 = 11,672,000
Jul ’10 = 11,706,000
Aug ’10 = 11,679,000

“what do they call it when you keep repeating the opposite of what is true over and over and over ?”
Glen Beck? Sarah Palin?

REPUBLICAN WORD’S OF WISDOM FOR SAVING MANUFACTURING JOBS IN THE USA:
“When a good or service is produced at lower cost in another country, it makes sense to import it rather than to produce it domestically.”
—Economic Report of President G.W. Bush February 2004, page 25
“Outsourcing is just a new way of doing
international trade. More things are tradable than were tradable in the past. And that’s a good thing.”
—N. Gregory Mankiw, Chairman of
President Bush’s Council of Economic
Advisors, Feb. 9, 2004
The outsourcing of U.S. jobs “is just part of trade…and there can’t be any doubt about the fact that trade makes the economy stronger.”
—U.S. Treasury Secretary John Snow,
March 29, 2004

54k net loss? what the private sector lost 54k and the government made how many? get real your band aids are nothing more than pokes to the eyes. YOU LYING POWER HUNGRY PIECE OF TRASH. the fact is the fact. The economy is destroyed and you and democratic congress only accept union and soros money to pass bills. I see you want to pass new economic measures next week…what are you going to do send more jobs to mexico or just open the border wide from everywhere? please dismiss yourself from the office that is to large for you. Hillary is running against you lolololol you won’t even win your primary unless you sit right dead in the middle and get out of the way.
LET AMERICA BE AMERICA LET AMERICA BE FREE AND STOP TAXING EVERYONE TO DEATH. That though is beyond your thought process because you think RICH people like YOU deserve to lose all their money to the government and redistributed over the GLOBE? They had a choice to make and they blew it. They did not do the right things and now the country who did has to pay for them? Liberate yourself back to ‘your homeland’ KENYA. Staple your birth certificate to your anus. Corrupt facist marxist liberation theologists scum of America. LEAVE IF YOU DON’T LIKE IT. YOU HAVE THAT FREEDOM!

FACT: 67000 private sector jobs created (net) in August.
FICTION: Over a million people at Glen Beck’s party.

Fact: George Bush announced an economic catastrophe on Sept 19, 2008.
Fact: America was losing 750,000 jobs a month when Barack Obama was sworn in as president.
Fact: America created 67,000 private sector jobs last month.

Did you see all their faces? Had not seen a sorrier collection of somber faces in a long time!

FACT: When you add the cost of lifetime medical care for our wounded Iraq vets, the cost of the Iraq war is $3000 BILLION DOLLARS.
OPINION: If we could spend even the $1000 Billion up front cost of the Iraq war (bombs, gas, personnel) on a coast to coast repair of our nation’s infrastructure we could create 5 to 6 million jobs.
FACT: Every job created by stimulus spending means more money spent in our towns and cities, allowing employers to HIRE MORE PEOPLE.

As a banker, I can tell you unequivocally, you ain’t seen nothing yet! A commercial real estate crash is now coming and I see no way it can be stopped. You can argue all day about who’s fault this is but that will solve nothing. When somebody loses their house, it’s a shame. When a business loses their building, it’s more job losses.
Regardless, terrible times are ahead and every economic indicator shows it. John Miller is only concerned that you all understand that it is only George Bush’s fault. I disagree completely but for the sake of argument, John, what has Obama done other than greatly accelerate the process? You think Bush spent too much, well, so do I. So your answer is to spend some more. Try this system with you personal finances and see how fast you become what is commonly known as homeless.

John Miller | Sep 3, 2010 5:47:13 PM
…You’re being disingenuous. The Republicans wanted the Democrats to honor the law passed – for unemployment payments to be paid for.

OPINION: When Barack Obama runs for president in 2012, he will be able to point to the GROWTH IN MANUFACTURING JOBS DURING HIS FIRST 4 YEARS.
FACT: We lost manufacturing jobs under Reagan.
Fact: We lost manufacturing jobs under GHB.
Fact: We lost manufacturing jobs under GWB.
Fact: We gained manufacturing jobs under Bill Clinton.
Fact: GM jobs are manufacturing jobs. Chrysler jobs are manufacturing jobs.

John Miller is Robert Gibbs’ pseudonym.

Georgie_Bushie | Sep 3, 2010 5:52:58 PM
……I agree that we need more manufacturing. However, it needs to make economic sense. If a company’s total product cost is too much higher than a foreign competitor, it is difficult to pay a higher price for essentially the same product. New Balance is able to manufacture quality shoes that are competitive with Nike (et al) – and I support them by buying that brand.

SERIOUSLY….deanbob 5:53:37 … How can you use the word HONOR and REPUBLICAN in the same sentence???? This is Delusional thinking on Levels unparalleled in America!!!

BTW – John Miller, the government has no constitutional authority to take over businesses, if that is your idea of “saving” jobs, you need to do some reading. Keep in mind the this government stole shareholders money to perform this job saving stunt. They stole from shareholders and gave it to the unions. Please show me where in the constitution that is allowed.

If the economy was normal Obama would have done the same exact things. Karl Marx was also an economist. So be careful who’s economist is making suggestions.

John,
I must have missed Obama’s pulling ALL of our troops out of Afghanistan and Iraq, thereby saving trillions of dollars!
Who gave Bush the authority to send troops to Iraq?
When did the Democrats take control of Congress and the budget? 2006ish…mmmmmm….what a coincidence…

However, it needs to make economic sense.
It is not just making something for the same or lower cost. If you take the cost of a displaced worker, retraining, the loss of taxes that individual would have paid to the treasury, perhaps a trip or two to the hospital and having no insurance cost all of us and then there is the unemployment checks, perhaps food stamps etc. In the long run it appears to me that even if items are higher for products made here then they might be worth it.
I watched an interview that supports this claim with Donald Trump in regards to furniture that he had purchased for a Hotel from a US manufacture for a slightly higher price over the Chinese rival.

GM and Chrysler were not saved by Barak Obama—after the bailout–they still went bankrupt–which they would have done either way. The only difference is that with our tax dollars, he restructured the bankruptcy laws giving union payouts before preferred stock payouts. The long run economic consequences of giving the workers money over the investors will be long felt in America–for would you give a loan if the laws in which you would be paid back change midstream? So, how do I see it. My tax dollars paid union workers and paid for a bunch of rich people to buy new cars (with the Cash for Clunkers). In other words, I am paying for high paid union workers and the rich to have a new car–something I will never have.

To the gentleman who suggested that the program to provide ECONOMY GROWING small employer loans is of benefit to the community banks…
WHY DON’T WE JUST CREATE $20 BILLION DIRECTLY TO SMALL BUSINESSES THROUGH THE SMALL BUSINESS ADMINISTRATION?
I’d go for it. President Obama would go for it. Mitch McConnell? Probably not.
BECAUSE REPUBLICANS HAVE DONE EVERYTHING IN THEIR POWER TO STOP ECONOMIC RECOVERY!

John Miller–do you forget that the democrats run the house–look at all the bills passed recently. The problem is not the Republicans, it is the democratic party turning on itself.

NCPilot10 Said: “The Democrats have been in control of the purse strings for the past 4 years.”
======================================
LMAO!…Are you serious?
The current congress (which the Democrats do have full control of) is the 111th Congress, sworn in on January 3rd, 2009… 19 months ago.
Prior to the 111th Congress, we had the 110th Congress (“duhh!), sworn in on January 3rd 2007, which had a 50-50 Senate. Because of the 50-50 Senate, no party really had “control” of the congress between 2007 and 2009.

If George W. Bush ran the US economy into the ditch……….
then………
Barack Hussein 0bama stripped and burnt the US economy while it was stuck in the ditch.

KarenJay Said: “Now we are stupidly entering another war–and with both the Senate and Congress democratic controlled, it will be hard to blame this new war and expenses on Republicans.”
========================================
“Entering another War”???…. “new war”??? ……Uhmmm, have you been like “hiding under a rock” for the past 8 years? The Afghanistan War has been going on since 2002…LOL. By the time Bush was leaving office, we hasd spent $300 Billion in Afghanistan. What the hell are you talking about, “new war”?
And yes, it’s where we should have remained focused, instead of diverting $850 Billion and 4,400+ American lives, to another country called Iraq.

Isn’t it time to stop staying “republicans” or “democrats” and look at each individual voting record? The fact of the matter is we have set up a ton of programs that when economic hard times hit, force us to go into tremendous debt with this idea that it will cushion the blow. The fact of the matter is that we are going into debt at an expotentially growing rate–something which is having just the inverse effect hoped for. For example, when a family has a financial blow due to health issues, it may take out a loan to get through it, but when the family debt level is already very large, taking out bigger loans may increase the stress enough to actually worsen the health of the family. Likewise, government can keep pumping money into the economy in hopes that the average person will circulate the money—but when the stress gets too high, we all start to buckle down and stop spending. Then there is nothing the Feds or government can do to reverse the trend–and that is the problem we are facing.

Posted by: John Miller | Sep 3, 2010 6:26:04 PM
I hope you enjoyed your Fun-with-Numbers John but no thanks, we aren’t buying what you are selling. Have a Happy Weekend.

Keith said: “Entering another War”???…. “new war”??? ……Uhmmm, have you been like “hiding under a rock” for the past 8 years? The Afghanistan War has been going on since 2002…LOL. By the time Bush was leaving office, we hasd spent $300 Billion in Afghanistan. What the hell are you talking about, “new war”?
And yes, it’s where we should have remained focused, instead of diverting $850 Billion and 4,400+ American lives, to another country called Iraq.”
You are right…we have been in Afghanistan for a long time, but we had it to basically the place Obama is now taking Iraq–50,000 troops staying back to keep the peace. Obama is increasing troops. Why? Who knows. It is a tribal area where little can be accomplished to establish a central government. Russia learned a sorry lesson with Afghanistan. I am not sure what Obama is hoping to accomplish. Yemen and other areas are now a bigger threat with regards to terrorism. With Iraq at least there was a strategy for democracy–regardless of how ill conceived it was. Afghanistan is 10 times worse and yet we think we can do there what we have struggled to do in Iraq?

KarenJay writes: “Fact, tax decreases or cuts can actually increase government revenue”
First off, Karen, you need to learn the difference between ‘fact’ and ‘opinion’.
Second, projections of higher government revenue from tax cuts just haven’t worked out like that.
I really wish it did work like that, since that way we could eat our cake and have it too!

Questions for John Miller or any other liberal: Your complaint is that the Republicans are obstructionists and blocking Obama’s and blame the GOP entirely for the recession. Why do you give the Dems a pass? After all, the Democratic Party took control of both houses in the 2006 elections. Prior to that while the Republicans controled the Sentate, they never enjoyed the majority margin the Democratic Party has today. So how do they get a pass? If Pelosi and Reid are so “Good for America” and are for the “Middle Class” why in the world didn’t the Democratic Party become the “PARTY OF NO”? C’mon, your complaint is that the GOP is doing it. Was the Democratic Party complicit or just plain stupid? With the actions of Dodd, Frank, and Waters on housing during the Bush administration. I would say BOTH. FACT: Balanced budgets and the revenue surplus (noticed I didn’t say deficit surplus) generated under the Clinton Administration only occurred when the GOP had control of Congress with a Democratic Clinton as President. Opinion: The check and balances established by the constitution actually work when employed.

Over promise and under deliver. I guess that’s Obama’s motto. Headed in the right direction? What happened to recovery summer? Its time he stops blaming everyone for his lousy polices. The republican’s are right in saying this administration has to introduce some staff that actually have more than just a academic background. Now he’s thinking about tax cuts? Desperate moves as he’s reading the tea leaves with the fall election which can’t come soon enough.

Over promise and under deliver. I guess that’s Obama’s motto. Headed in the right direction? What happened to recovery summer? Its time he stops blaming everyone for his lousy polices. The republican’s are right in saying this administration has to introduce some staff that actually have more than just a academic background. Now he’s thinking about tax cuts? Desperate moves as he’s reading the tea leaves with the fall election which can’t come soon enough.

John Miller ”
Karen, every economist agrees that without the intervention of the Obama administration, neither GM nor Chrysler would have been able to obtain financing for their restructuring == bankruptcy.
Remember the crisis, specifically the crisis in the private bond market, that Bush announced on Sept 19, 2008?
That means that both of these companies would have permanently ceased production AND THOSE MANUFACTURING JOBS WOULD BE GONE FOREVER.
Obama provided the financing necessary for these companies to reorganize themselves — through a bankruptcy — into viable manufacturing companies.
Chrysler has repaid the money they got (Fiat bought the company).
GM is about to start selling new shares via an IPO that will mean the government gets all tax payer money back (plus a small profit).
COMPARE AND CONTRAST WITH THE $3 TRILLION TAX PAYER FINANCED COST OF THE IRAQ WAR. ”
John, your key point was that Fiat bought the company. The jobs would not have been gone unless the factory was useless that a company could make cheaper cars elsewhere. As long as people still want cars, there will still be companies to produce cars. A bankruptcy without intervention may have meant that investors got paid out less and union workers got hired at cheaper wages. That may sound terrible, but with a shrunken money supply–if we want to decrease unemployment, wages are going to have to drop in order for a 3% unemployment rate. In fact, that is what is happening to a lot of people right now. The other option is to print money–go into further debt, etc, to increase the money supply which essentially gives everyone a pay decrease via inflation. (Which I personally believe Ben Bernanke is alluding to when he states he will use even “unconvential methods” if necessary to stave off deflation if that becomes a worry.

Georgie Bushie said “MY POINT: Tax cuts are a great thing, but they do not work if the Republicans don’t simultaneously cut federal spending, PERIOD. In reality they never do… Reagan had his HUGE Defense Spending Contracts (which is why the debt climbed more in his first 6 years than the previous 205 years), and G.W. Bush funded 2 wars and created a new federal Department (Department of Homeland Security).”
You are right–we need to cut spending simultaneously–a tax cut with spending increases can hurt. (But spending increases in defense lead to the end of the cold war–if that matters at all.) But, you do understand right now what both parties want a tax cut for middle Americans right? Middle Americans spend their money quickly and that tax cut can actually increase revenues. The other side of the equation is to cut spending. Obama has promised to do this starting 2011. We shall see if that occurs. Reagan came in during a recession as well as Bush the younger. Bushie–you need to stop thinking in terms of Reagan and Bush verses Clinton and Obama. The fact of the matter is Obama and this congress has increased entitlement promises–which as we all can see really puts us in a bind during economic downturns. In fact, much of our debt during this down turn is the result of previous legislature specificaly designed to address downturns and ongoing entitlements. The question is, can we afford to keep doing this or are we driving companies away from this country and jobs as well?

karenjay Said: “You are right…we have been in Afghanistan for a long time, but we had it to basically the place Obama is now taking Iraq–50,000 troops staying back to keep the peace. Obama is increasing troops. Why? Who knows.”
=======================================
Karen, you really don’t keep up with what’s going on in both countries (Iraq and Afghanistan), do you?
First of all…the 50,000 troops that President Obama is keeping in Iraq was pre-negotiated before President Obama even took office. This number is based upon the “Iraq Security Agreement”, signed between the Bush administration, and Iraq’s government in November 2008. Sort of like Bush’s way of ensuring that we maintained a good hefty troop presence in Iraq (and therefore KBR contract presence), LONG after he left office.
Secondly, the reason we are increasing troops in Afghanistan is because for 7 years we only had LESS THAN 30,000 troops in Afghanistan (an average of 17,500 troops in the country over each of those 7 years). Considering that Afghanistan is 1+1/2 times LARGER than Iraq, 20-thousand, 25-thousand, and even 30-thousand were never enough to complete the mission there. (Remember, it took over 150-thousand troops in Iraq to instill a new government and an attempt at democracy there.)
Because we are a country that does HONOR it’s commitments, even when Presidents change…the current administration did not renig on the Bush administration’s promise to keep 50,000 troops in Iraq until 2011.
We also are not going to cut and run from Afghanistan, just because the Bush administration neglected that particular theater of war for 7 years.

KarenJay wrote: “John, your key point was that Fiat bought the company.”
I’m not sure I want Obama to take credit for saving Chrysler.
The administration provide millions of dollars in temporary assistance while Chrysler tried to come up with a restructuring plan with its union and creditors, before Fiat decided to buy the company.
Chrysler probably would have been gone before Fiat decided to buy it, if the administration’s initial intervention hadn’t delayed their dissolution.
Republicans believe in the economic philosophy that manufacturing jobs should go to whatever country has the lowest wages (standard of living) and environmental standards.
Republicans are the enemy of high wages, health coverage, or an environment we can live in.
DON’T BELIEVE ME? Then make the following proposal to a Republican:
“We should renegotiate the WTO rules so that it is LEGAL to impose import tarrifs on goods made in countries with
lower wages, that undercut American companies by not providing health care for their employees, or have lower environmental standards that we do.”

this is the only administration in history that has attacked its own states and masses of citizens while upholding illegl aliens law breakers from another country and paying our country’s dollars in benefits to them as well as our jobs. the stimulus package puts our country at great risk and the benefits are few. if obama HELPS us any more we will be no more.

PartyAllDay writes: “We can make money on our own without the obamacare headache ”
TRANSLATION: “If my employee gets sick with cancer, SHE CAN DIE, without medically necessary treatment.”
I hope you never have a kid with leukemia and no insurance. Visit a church this Sunday, stand up in front and point to the people who DON’T DESERVE HEALTH INSURANCE OR THE MEDICAL CARE that health insurance pays for.
Because without health insurance, you ain’t going to get cancer treatment, or a kidney transplant, or high blood pressure meds.

John Miller, if every company went to the place that it was cheapest to manufactor (or to put it more correctly, had a comparative advantage)..and if government did not intervene with minimum wage, etc., all of our standard of living would increase. (And not just ours, but the worlds.) If you could buy a car for $3,000, you would be richer regardless of your salary. As long as people want things and people are willing to work, the only things that prevent prosperity is government protection. Businesses have always sought government favors whether that government is a democracy, republic, kingship, or dictatorship. What has made this country unique is the idea of personal choice and accountability. If you do not run your business well, you fail. Failure is as much a part of freedom as success is. The world felt the recession, but did you see other car companies needing a bailout? Would you praise the president who intervened and saved the typewriter industry and thereby thousands of jobs?

John Miller (or whoever you are) you have chosen the wrong side to defend.
“All animals are equal, but some animals are more equal than others.” George Orwell
The majority of the intelligentsia, including Obama and his chronies, has utilized their private education, Washington and Wall Street connections and ability to manipulate the financial and political system to further enrich themselves at the expense of the average American.
Wake up, John, President Obama is purposefully taking money and jobs from the middle class.
He wants a permanent political class with an undereducated, uninterested, gullible, naïve electorate.
He does not want a middle class.
He wants the few to wield immense power over the majority. You are playing into the Marxists’ hands by blaming Bush for everything.
Wake up.
Obama isn’t this stupid. The economy wouldn’t be going this badly unless it was done intentionally.

“Because without health insurance, you ain’t going to get cancer treatment, or a kidney transplant, or high blood pressure meds.”
Nope. Without health CARE not health insurance. You can have a health insurance and not be able to get in to see a doctor. In fact, that is what is going to happen, long wait times and rationing of health care but you WILL have insurance, lol.

Obama only comes out and takes credit when some magic numbers show a job increase for any given month, I don’t see him coming out when the revised figures actually show a loss of jobs. You people in the press don’t even both calling him on it. The press used to be the 4th branch of government, keeping tabs on the government, now you are the 2nd wing of the liberal Democratic party, giving the dems a pass on everything, you need to go back to school for a refresher course in Journalism. Do you job, the American people will do theirs.

Jim Truesdale writes: “Obama only comes out and takes credit when some magic numbers show a job increase for any given month”
We have had private sector job growth month after month after month.
It’s true! REPUBLICANS DON’T WANT TO SEE ECONOMIC RECOVERY.

John Miller: “Republicans believe in the economic philosophy that manufacturing jobs should go to whatever country has the lowest wages (standard of living) and environmental standards.” —— John you do realize that the standard of living is driven not only by income and the cost of good/services. Union driven high wages and benefits often put American Manufacturing out of competitiveness because it drives the price to high. Profit margins and standard of livings are raised by obtaining the best available product by the lowest possible price. My purchase of high priced goods generates my demand for higher wages in order to increase my standard of living which creates a firery circle. The Democratic Party believes the American public and businesses are unpatriotic for their unwillingness to pay for higher prices for US goods when the same or better goods from overseas (including transportation) is available. Just look at the liberal rhetoric now about businesses that are sitting on their capital versus investing it. You hear statements that these companies should invest solely “the good of the country” without consideration of what’s good for the country. The financial bill, health bill and others passed by this Democratic Congress did one thing. Left a whole bunch of unwritten implementation regulations TBD and written by the administration in the future. Without understanding how they are going to be implemented, why would they take the risk? Just to be patriotic?

karenjay Said: “…there is an economic thought that our government’s willingness to take on debt is inflating our stock market at the expense of the world. How, because the stock increase represents a debt in another sector….”
=======================================
LOL… Really, well, let’s analyze that theory:
UNDER 8 YEARS OF BILL CLINTON:
NATIONAL DEBT INCREASED BY $1.6 Trillion
and the NASDAQ INDEX increase by what?
–NASDAQ Index Jan 1993 = 696.34
–NASDAQ Index Jan 2001 = 2,772.73
An INCREASE of 2,076.39
UNDER 8 YEARS OF G.W. BUSH:
NATIONAL DEBT INCREASED BY $4.9 Trillion
and the NASDAQ INDEX?
–NASDAQ Index Jan 2001 = 2,772.73
–NASDAQ Index Jan 2009 = 1,476.42
A DECREASE of -1,296.31
Well Karenjay… so much for that theory that a large national debt holds up the stock market… LOL. G.W. Bush proved that one already.

Greatest tax cut was the first 150 years of the country when we had no income taxes and no debt Social programs to “help” have given us taxes and $14,000,000,000,000 in debt. Everyone say thank you to the nice government man who is here to help….

Obumbler the fumbler, and his party of spend and tax. I can see November from my house.

PRESIDENTIAL RECORDS FOR SAVING MANUFACTURING JOBS IN THE USA OVER THE PAST 29 YEARS:
(Data from the Bureau of Labor and Statistics Website)
REAGAN’S RECORD:
Start (Jan 1981)=18.6 million Manf. Jobs
End (Jan 1989)=18.1 million Manf. Jobs
=Loss of 500,000 manufacturing jobs in 8 years (5,200 manufacturing jobs lost per month).
BUSH # 1 RECORD:
Start (Jan 1989)=18.1 million manf. jobs
End (Jan 1993)=16.8 million manf. jobs
**Loss of 1.3 million manufacturing jobs in 4 years (27,083 manufacturing jobs lost per month).
CLINTON RECORD:
Start (Jan 1993)=16.8 million manf. jobs
End (Jan 2001)=17.1 million manf. jobs
**Gain of 300,000 manufacturing jobs under Clinton over 8 years (3,125 manufacturing jobs gained per month).
BUSH # 2 RECORD:
Start (Jan 2001)=17.1 million manf. jobs
End (Jan 2009)=12.5 million manf. jobs
**Loss of 4.6 million manufacturing jobs under Bush # 2 (47,917 manufacturing jobs lost per month).
OBAMA RECORD:
Start (Jan 2009)=12.5 million manf. jobs
End (Aug 10)=11.7 million manf. jobs
**Loss of 800,000 manufacturing jobs in 19 months (42,105 manufacturing jobs lost per month).
However, in January 2010, FOR THE FIRST TIME SINCE JANUARY 2001, the Bureau of Labor and Statistics data for manufacturing jobs in the USA actually started increasing instead of decreasing:
Dec ’09 = 11,534,000
Jan ’10 = 11,556,000
Feb ’10 = 11,572,000
Mar ’10 = 11,591,000
Apr ’10 = 11,629,000
May ’10 = 11,668,000
Jun ’10 = 11,672,000
Jul ’10 = 11,706,000
Aug ’10 = 11,679,000

REPUBLICAN WORD’S OF WISDOM FOR SAVING MANUFACTURING JOBS IN THE USA:
“When a good or service is produced at lower cost in another country, it makes sense to import it rather than to produce it domestically.”
—Economic Report of President G.W. Bush February 2004, page 25
“Outsourcing is just a new way of doing international trade. More things are tradable than were tradable in the past. And that’s a good thing.”
—N. Gregory Mankiw, Chairman of President Bush’s Council of Economic Advisors, Feb. 9, 2004
The outsourcing of U.S. jobs “is just part of trade…and there can’t be any doubt about the fact that trade makes the economy stronger.”
—U.S. Treasury Secretary John Snow, March 29, 2004

Mary Robson | Sep 3, 2010 7:51:19 PM…..Is the objective maximum tax REVENUE or the maximum tax RATE? Remember what happened when Clinton implemented the luxury tax? How business either folded or fired workers?

John Miller, for every heart sobbing story you can share with me about an American suffering because of their insurance company, I can give you ten from Canada or the UK. The stories are abundant there is you look.

KARENJAY SAID:
“The other side of the equation is to cut spending. Obama has promised to do this starting 2011. We shall see if that occurs.”
also…
“Obama’s plan of dumping money into the country is a stupid one. According to you, increasing debt will eventually cause the stock market to crash…”
=======================================
Karen, which is it?
I never said that “inreasing the debt will eventually cause the stock market to crash”. Tell me where I said that?
What I do believe, is this:
The stock market’s performance has very little connection to the national debt, other than in only one way…the effect of the debt on the competitiveness of the dollar to it’s #1 competitor, the Euro.
You are correct, too much national debt can devalue the dollar. However, the dollar is currently holding strong because the current recession is a WORLD recession, impacting not only the U.S., but also Europe. The Euro (the dollars # 1 competitor) has simultaneously weakened, therefore the dollar in relation to it’s # 1 competitor has remained strong.
IF… and only if we were the only country in massive debt (and say, the European Union wasn’t also in massive debt)…yes, we would be in big trouble. The fact that the Euro has weakened also because of the world-wide recession has actually kept the dollar’s value strong.
You are correct, the President has said that in 2011, the federal government’s budget will have to tighten. And yes, we will see if that occurs.

karenjay Said: “If we can get something produced cheaper somewhere else, then when we buy it, our standard of living goes up. The solution to our world economy is not to opt out, but rather stay ahead with what we can produce better–namely knowledge.”
=======================================
LOL…. wow! Sounds a lot like your theory that the government is actually staying in high debt in order to keep the stock market up(?)
My response:
(1) I dare you to make your statement to one of the 4.6 million manufacturing jobs that were lost during the G.W. Bush years…LOL (where a boxing mask when you do).
(2) Secondly, regarding your comment, “…stay ahead with what we can produce better–namely knowledge”,
please tell me, how much “knowledge” we are exporting in GDP… LOL. Even in the Information Management arena, there’s a company in Germany called SAP that is giving Microsoft a run for it’s money worldwide.

Obamanomics is an abject failure.
Time to purge our government from Communists like Obama & establish a new, representative government that will LISTEN to the PEOPLE, stop the spending, and get off the backs of businesses and taxpayers.

Paul writes: “Things were bad, but getting better, but with Obama it’s horrible and getting worse.”
ANOTHER REPUBLICAN WHO THINKS CREATING 67,000 PRIVATE SECTOR JOBS IN AUGUST IS WORSE THAN LOSING 450,000 JOBS A MONTH.

You know I think he’s correct. This country is moving towards the “right” direction. Certainly not the “Left”
direction.

Sorry, deanbob | Sep 3, 2010 7:58:00 PM historically it is small businesses that build 60% of new US jobs, not the wealthy.
High net worth individuals (HNWI) in this country (people with at least $1Million in investible assets) numbered 2.9 million in 2009. That’s less than 1% of US citizens, yet this small percentage had investible assets worth $12.09 trillion.
For that same year, 2009, the US budget deficit was $1.7 trillion.
If cutting the deficit is such a critical issue for righting the economy, then let’s do it. Had the US government levied a short term tax – let’s say a modest 15% on ONLY the HNWI’s investible assets, it could have erased its entire 2009 deficit. And 99% of us would have been exempt.
I’m sick of listening to Republicans tell the country we must stop spending while reducing the scary deficit falls on the backs of old sick people, the unemployed, or wounded veterans. It’s time for everyone to participate, even that wealthy 1%.

karenjay Said: “Bushie, John, it has been fun sharing ideas together, but my computer is starting to lock up. I hope both of you have a good day and I hope that we will all pray for this country and for our president, regardless if we have different ideas for solutions.”
======================================
AMEN! …. We are all Americans, with different ideas, but I do want to say, “God Bless you” also…thanks for the discussion.

With regards to business experience, “Obviously, the Obama administration doesn’t stack up with previous Republican administrations but they don’t even stack up with previous Democratic administrations.”

Why would anyone try to defend Obama when he just flat out lies to us like this? He is delusional and actually thinks what he says becomes reality or at least we are all stupid enough to believe it as reality. BTW if you are stupid enough to defend a party just because it’s your party and that’s your only basis then you are merely sheep! Do your own homework and take some basic economic classes while you are at it.

If he wants to help small business he would scrap the Health Care Law.
Period

Again Obama is wrong !

Anybody remember why Bush 1 was a 1 term president, because he refused to acknowledge economic realities people were suffering from.
Obama, pick up a history book, then quite, because you suck.

Once again Obama is LYING and the media is complicit. God help America.

I don’t get the liberals at all…why would the republicnas wants the economy to fail?…
In the other hand..dem want it to fail to pass all their crappy porky policies, like the “Stimulus”, wich didn’t stimulate anything, the bailouts for their friends, and the ownership of GM and Chrysler, wich now they’re selling with a loss; hiring inept people who doesn’t pay taxes, etc..i van go on and on…worst of all, they don’t have real solutions, only blame Bush. Imagine Bush blaming Clinton for 9/11…The Republicans had some proposals, wich were not even heard by democrats…they said they are the NO party..well, yeah..No to all those stupid liberal communist ideas..no, hell no!! And with a majority everywhere..ewhy do they complain? Because they know it will fail and don’t want to take the blame by alone…just check how many dems are scared by the idea of BHusseinO campaigning with them….lol….even Reid contradicted him…And don;t get me started with all the lies..like the so called “transparency”..oh yeah, you will be able to check the bills online before they’re pass…right….Pelosi said we will know what’s in it once it’s passed…what? Is she serious?
So..wake up and see what you caused…

Obama is like a huge bowel movement. The only difference is that he stinks.

It’s time to for all of us to tell the truth, including the leftists: THIS IS A FAILED PRESIDENCY.

Why didn’t he mention the job losses? Maybe I should say, “Why didn’t ABC mention the job losses?”
Oh yeah, ABC is just another msm that’s in the tank.

It’s fairly simple. Reagan’s recession and the depression of 1920 were much worse than Obama’s. Reagan cut taxes and Harding and then Coolidge cut taxe and the waited. The economy, in each case, turned around in a couple of years. The depression of FDR’s was worse than Reagan’s but not as bad as 1920. FDR decided he needed to spend, spend and spend. The depression lasted for about 15 years and was only corrected by WWII. So why would Obama mimic FDR? Possibly because, no matter what room he is in, he has the least experience

Obama who, what a piece of crap. Change, look at the taxs you are going to pay the first of the year, now that is REAL CHANGE.
Thanks Obama

don’t get it. unemployment is 9.6, in californian a state of over 33 million unemployment is 12% and the national debt is over 1.1 trillion. most of our manufacturing of consumer products is abroad as well as call centers, tech support with the most being in china and india. democratic congress, obama, should give businesses tax breaks if the bring manufacturing and jobs back to the usa. if you are better off today since democrats/obama took over, then keep voting democrat across the board else you know what to do with your one tiny vote. personally, feeling hosed.

Ted Said: “To all the Obama Kool-Aid drinkers: You got what you wanted. A President who is absolutely clueless…”wah, wah, wah”…
======================================
It’s funny how the right-whiners, NEVER present any facts, they just “whine”. They actually sound like grade school children…many have the brain of such.
Here’s some FACTS for you Ted, from the Bureau of Labor and Statistics (BLS):
FACT: During the 8 years of a Republican President, G.W. Bush we had monthly losses of manufacturing jobs in the United States.
FACT: When G.W. Bush took office in January 2001, according to the BLS, there were 17.1 million manufacturing jobs in the USA.
FACT: When G.W. Bush left office in January 2009, according to the BLS, there were 12.5 million manufacturing jobs in the USA.
FACT: The loss of 4.6 million manufacturing jobs in the USA during the 8 years of Bush equates to 47,917 manufacturing jobs lost EVERY MONTH during his presidency.
FACT In January 2010, FOR THE FIRST TIME SINCE JANUARY 2001, the Bureau of Labor and Statistics data for manufacturing jobs in the USA actually started increasing instead of decreasing:
Nov ’09 = 11,534,000
Jan ’10 = 11,556,000
Feb ’10 = 11,572,000
Mar ’10 = 11,591,000
Apr ’10 = 11,629,000
May ’10 = 11,668,000
Jun ’10 = 11,672,000
Jul ’10 = 11,706,000
Aug ’10 = 11,679,000
Yes Ted, I got what I wanted…a president who is trying to turn around the sad manufacturing job situation in the United States, unlike his predecessor, who was more concerned about putting Iraqis back to work than putting Americans back to work (GO LOOK UP THE “Sons of Iraq” Program).
…Oh, and Ted, next time…stop the whining and present some facts. You sound like a child with your complaining.

I did not support much of what George W Bush did because he was never a conservative. He was a pragmatic altruist. That being said he did inherit a recession and we experienced September 11 and most of all he and we endured a change in mortgage lending principles (Dec 1999) created by the modification of the FHA, signed into law by Clinton that insisted that GSE’s (Fannie and Freddie) increase their holdings of ALT-1 undocumented loans and subprime loans to 50% of their portfolios. Banks previously hated to write these loans as a requirement of the CRA. This was the concept proposed by Andrew Cuomo. That amounted to 5.5 trillion. Couple that with Greenspan, under pressure from Congress, to keep interest rates low the bubble that has caused this recession was impossible to stop. In fact a tsunami ensued. This is a mortgage induced bubble and if mortgages were decent we would not have had an economic meltdown that infected the world. Bush and Greenspan clearly tried to put the brakes on GSE’s but those companies lobbied bankers, builders and RE agents in 2005, 2006 and 2007 and remained untouched.
Now we have the Palin tea party mentality vs the Obama socialist mentality.
Golly gosh didn’t she initiate getting the gas pipeline privately built which is the largest of its kind ever constructed in our hemisphere. Did she not eliminate almost 90% of Alaska’s political pork, got rid of the jet, drove her own vehicle and dismissed the cook. She took out Republic governor Murkowski who was a RINO type fraudulently involved with the oil companies and then put the rest of the corrupt b…….’s club out of business. She then forced Exon and other oil companies to pay what they they should have always been paying for using public land and gave the money to every Alaskan citizen. And most of her executive time was spent making sure drilling was environmental safe. In other words she inspected and did not just expect that the companies would do the right thing.
You can never dismiss the the advantages of a mayor/governor that is equipped with executive experience also coupled with an everyday background that includes raising a family and running different businesses spanning many years.
Palin knows more about energy than any other politician (current or ex) in American. Outside of taxes and regulations cheap and abundant energy provides jobs and an economic impetus that is needed now to stimulate the ailing America economy, lessen the unemployment numbers and decrease dependence on the same fuels which support those who hate us and use what we pay to create international harm.
On the other hand Nancy Pelosi’s fascist dementia and the POTUS’s complete and total inexperience with any job outside of community agitation does bother me. He never ran a lemon-aid stand, let alone kept an inventory stocked, made a payroll or had to produce a profit with his own money. Plus he is a statist longing to be a Marxist.
Palin is the anti-thesis of the Harvard elitist which was aptly and correctly described by Buckley when he stated “I’d rather entrust the government of the United States to the first 400 people listed in the Boston telephone directory than to the faculty of Harvard University.”

So simple you destructive. BO hates this country and what it stands for. Once you understand this simple concept, you will understand why he does what he does. Massive dept, people out of jobs, stock market in turmoil, the military with no real leader that they can trust, foreign dictators that love the fact BO is in power, the selling out of nations that were once friendly to the U.S, turning a blind eye to whatever a muslim nation is doing, filing suit agains the state of Arizona for trying to do the job the feds will not do, the health care bill a vast majority of Americans did not want and still dont want. If you can ignore all of that, then he is your boy, if your eyes are open, it is the destruction of what once was the greatest nation the world has ever know.

Deficit as % of GDP
US: 10.4%
Greece: 13.6%
Debt as % of GDP
US: 86.5% (including GSE debt: 121.6%)
Greece: 115.1%
Debt as % of revenue
US: 358.1%
Greece: 312.2%

Georgie_Bushie | Sep 4, 2010 8:25:41 AM….LOL…. Hmmm, for the first 6 YEARS of the G.W. Bush presidency we had a Republican majority in both the Senate and the House, and with that ENTIRE control of the ALL LEGISLATIVE BODIES of our federal government, FOR 6 STRAIGHT YEARS, they couldn’t change a Clinton Law enacted in the 1990s?…….And the Dems have even more control now (a super majority for a while), yet Obama complains about the Republicans preventing laws being passed?

Georgie_Bushie see ya in November….LMAO!!

Georgie_Bushie BOTH sides got us in this mess and your side wasted a year and a half doing nothing but forcing the healthscam bill on us. Its the economy stupid…

bo diddly Said: ” Its the economy stupid…”
======================================
LOL…. yep, it sure is. Do you ever bother looking up any economic statistics though, or is your understanding of the economy limited to quotes that you hear on Fox News, like “it’s the economy stupid”?…LOL… I’m just curious.
Here’s statistical facts (from the BLS):
FACT: USA Manufacturing Jobs Lost under G.W. Bush (who had a Republican Congress for 6 of his 8 years) = 4.6 million.
FACT: If you check out the monthly report on manufacturing jobs in the USA at the BLS website, EVERY SINGLE MONTH from January 2001 to January 2009, there was a loss in manufacturing jobs. NOT ONCE in those 8 YEARS, NOT EVEN ONE MONTH did the report show an increase in jobs.
FACT: Starting in December 2009, FOR THE FIRST TIME SINCE JANUARY 2001, did the BLS report show an increase in manufacturing jobs in the USA. Here’s the data:
Nov ’09 = 11,534,000
Jan ’10 = 11,556,000
Feb ’10 = 11,572,000
Mar ’10 = 11,591,000
Apr ’10 = 11,629,000
May ’10 = 11,668,000
Jun ’10 = 11,672,000
Jul ’10 = 11,706,000
Aug ’10 = 11,679,000
Do some research “Bodiddly”, it’ll make you look much less like a right-whiner.

John Miller – you are missing the point of the entire discussion – A NET LOSS means there were still something like +120,000 JOBS LOST and only 57K created.

I wouldn’t call the BLS, “faux fax”… LMAO! – Georgie_Bushie
You should reconsider Georgie, I hear they are related to the CBO.
We’ve seen their work lately.
[sarcasm] Stellar stuff [/sarcasm]
LMAO!
btw, I agree with Groucho
Obama = A NET LOSS

The laws of gravity will soon start to pull Obama’s ever lengthing nose to the ground and he won’t be able to get up to tell more lies.

Check this guy out:
threeriverscrossing – “The Obama administration has handled this economic recession very well”
—————-
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!

Can’t see where Obama has done anything good on jobs or anything at all !

Groucho | Sep 4, 2010 10:17:32 AM posted: “what you are advocating is stealing. Just because 99% of us won’t be robbed doesn’t mean I am cool with robbing anyone – even if it’s mommy and daddy’s old money.
Stealing? Back in the late 70s our tax structure allowed the richest 1% of American families to accumulate 9% of the nation’s total income (according to a study of tax returns by economists Emmanuel Saez and Thomas Piketty).
Fast forward to 2007, and the top 1% took 23.5% of the total income. Was that because they “worked harder”, or did our tax system favor this snowdrift of money up top? Changing our tax structure to benefit the economy as a whole is NOT “stealing”.
See, these wealthy folks do not invest all their increased earnings and savings in the American economy; they send this money world wide wherever they will find the biggest returns! Like manufacturing in Asia or banks in the Caymans.
When our tax rules allow the top 1% take an unbalanced share of total income, they don’t spend as if earnings were in the hands of many consumers. Our economy is robbed of the demand it needs to keep growing and creating jobs.
This recession has been in the making for decades and it ain’t going away quickly. It is time to make structural changes to level the playing field. When the US Middle Class more equally shares economic gains, they have money to buy more goods, building demand and creating jobs.

It’s simple really, government needs to get out of our lives, stop spending, cut give away programs that don’t work, money to cronies/unions and repeal everything this administration/Congress has done.

Obama spent the first year not on jobs, while we were losing 500k per month, but on cramming a health bill through.
Who is running the country, not the man always on vacation. Not the man reading from teleprompters. Not the man avoiding press conferences. Who is the President. We have a puppet on display… NOT A LEADER ! Who is the President?????

Tea Party and the Second Civil War is born to restore our country. Jobs will come as this works its way into libraries across the country.

Obama the traitors masterful progressive CLOWARD PIVEN is destroying America faster than he, Pelosi, Reid ever dreamed.

Republican have never balanced a Federal budget in the last fifty years. Like somehow they have a record on financial responsibility, it nothing but hot air to get in power.
If you have lost most of your retirement equity and job because of the Great Panic of 2008, you can thank your Republican friends who think doing nothing is a plan for any crisis.
The Democrats are mopping up this mess slowly but surely.

We LOST jobs……..so why……are some media reporting the stock market ROSE, because of the jobs report????
Makes zero sense to me.

Georgie_Bushie said:
LOL…. Hmmm, for the first 6 YEARS of the G.W. Bush presidency we had a Republican majority in both the Senate and the House, and with that ENTIRE control of the ALL LEGISLATIVE BODIES of our federal government, FOR 6 STRAIGHT YEARS, they couldn’t change a Clinton Law enacted in the 1990s?
LOL…Yes, quite an INEFFECTIVE group we had back then. I guess they were too focused on Iraq, and not on fixing the problems that “Clinton created”… LOL.
======================================
That is not correct or maybe you haven’t noticed the slim majority the republicans had so that in some cases the proposed changes would not even reach the floor. The vast resistance from congress were made up of people such as Frank, Waters and Dodd and change was therefore impossible to enact unless it was bipartisan. Check out the votes and notice, as previously stated, many fell prey to powerful lobbying and In fact in 2001 the votes in the Senate were 50/50 with the tie breaker being Cheney. Then the republicans lost another seat and gained a 1 vote majority in 2002 barely enjoyed a 54 seat vote in 2004 and lost it all in 2006 along with the House.
Once again this financial crisis would not exist without mortgage defaults enhanced by the Fed Reserve Bank, the vast assumption of crap mortgages by Fannie (run by Raines, Johnson and Gorelick) and the inability to change anything without democrat support. The recent gargantuan Financial Reform (Control) Bill never mentioned or touched Fannie Mae and that is beyond incredible; it is derelict. They regulated not to regulate a GSE that is not under SEC supervision, could borrow for less, needed less cash on hand and enticed banks to make loans that they would buy because they enjoyed the advantage of taxpayer subsidies which they got, are still getting and will continue to enjoy. And never forget that the players that ran it were not only well paid but also made a bonus commission on each loan they gave, bought and sold.

Groucho, I’m not attacking you, because I didn’t thoroughly research this yet. However, my preliminary refresh on the subject confirms my original thought. You are pretending that Obama’s policies are creating manufacturing jobs, but the truth seams more directly related to the amount of jobs that were shed during the last two years. I have a huge distrust for Obama, because of his inability to be honest with the American people. It really shows the character of a person when they release their “Bad news” on a Friday. They’re hoping no one will pay attention. Obama didn’t let anyone see his “Health Care” bill until Friday, and forced a vote on it before the end of the weekend. Good thing we have super smart speed reading senators… I’m sure the American people don’t feel like that was underhanded at all. Ohhh, I forgot Obama hand wrote an eighth article on the back of the constitution:”Congress shall pass 11th hour bills to circumvent the preceding articles.”

Democrats controlled 84th, 85th and 86th Congress of the Eisenhower years.
In spite of all the rhetoric from the Republicans, the 1950s is a far cry from today. The Republican have done the most damage based on their economic policies throughout the years. Nixon’s price and wage controls was more about socialism then free-markets. Nixon’s moved the U.S. off the gold standard for the sole purpose so the government could print more money and spend more. It was a Republican who made the line Item veto unconstitutional.

very clevr idea.

Now explain this comment you made “The Republican have done the most damage based on their economic policies throughout the years. “.
Year Majority Deficit/Surplus
1960 Democrat $301 million
1961 Democrat –$3.3 billion
1962 Democrat –$7.1 billion
1963 Democrat –$4.8 billion
1964 Democrat –$5.9 billion
1965 Democrat –$1.4 billion
1966 Democrat –$3.7 billion
1967 Democrat –$8.6 billion
1968 Democrat –$25.2 billion
1969 Democrat $3.2 billion
1970 Democrat –$2.8 billion
1971 Democrat –$23.0 billion
1972 Democrat –$23.4 billion
1973 Democrat –$14.9 billion
1974 Democrat –$6.1 billion
1975 Democrat –$53.2 billion
1976 Democrat –$73.7 billion
1977 Democrat –$53.7 billion
1978 Democrat –$59.1 billion
1979 Democrat –$40.7 billion
1980 Democrat –$73.8 billion
1981 Democrat –$78.9 billion
1982 Split –$127.9 billion
1983 Split –$207.8 billion
1984 Split –$185.3 billion
1985 Split –$212.3 billion
1986 Split –$221.2 billion
1987 Split –$149.7 billion
1988 Democrat –$155.1 billion
1989 Democrat –$152.6 billion
1990 Democrat –$221.0 billion
1991 Democrat –$269.2 billion
1992 Democrat –$290.3 billion
1993 Democrat –$255.0 billion
1994 Democrat –$203.2 billion
1995 Democrat –$163.9 billion
1996 Republican –$107.4 billion
1997 Republican –$21.9 billion
1998 Republican $69.2 billion
1999 Republican $125.6 billion
2000 Republican $236.2 billion
2001 Republican $128.2 billion
2002 Split –$157.8 billion
2003 Split –$377.6 billion
2004 Republican –$412.7 billion
2005 Republican –$318.3 billion
2006 Republican –$248.2 billion
2007 Democrat –$160.7 billion
2008 Democrat –$458.6 billion
2009 Democrat –$1.41 trillion

When you are as low as a worms belly everything looks to be up!

MikeD….Excellent post. You could have added one thing and that is in 1965, LBJ included Social Security trust funds in the general fund, thereby giving the impression that the government had more money than it really did. As for Obama’s ability to find victory in any defeat, I broke my calculator trying to come up with a positive out of a negative. We lose more jobs than we gain and this is a victory to him? So if we lose all of our jobs, then there will be no more problems. This type of logic (by both parties) got us where we are today. New folks may do the same but it’s time we gave someone else the chance.

We lose more jobs than we gain and this is a victory to him? So if we lose all of our jobs, then there will be no more problems.
Posted by: wantingbalance | Sep 5, 2010 5:35:19 PM
Look into it even the tiniest bit, and you’ll see the flaws in your words.
The job loss in the month are essentially due to the loss of temporary government jobs put in place to do the census.
Private sector jobs have grown for a number of months now.

This is how Wallstreet took the news:
From Market Brief: Week ending 03-Sep-10
“Stocks surged after strength overseas and better-than-expected economic data helped the major indices overcome losses from early in the week. The week ended on a positive note following a better-than-expected U.S. employment report.”

What Obama needs to do is slash the overregulation of natural resources. Cut back on heavy restrictions against commercial fishing, logging, mining, ONSHORE drilling, and those core jobs that create the raw materials for so much of the manufacturing products that we can create. The EPA and other bureaucratic economic strangling agencies have seen their day in the sun at the expense of our economy. Now, for survival’s sake, it’s time to loosen up the restrictive agencies and turn to Americans to step up production.

I love watching these people when they are in the news when they get cought. they look like a bunch of blabber fools trying to get us beleive them that they didn’t do any thing wrong. What is the matter with these people, THEY ARE THE ONES WHO MAKE AND CHANGE THE LAWS AND WHEN IT BITS THEM THEY GO ALL STUPID AND CAN’T BELEIVE THAT WE WOULD MAKE THE LAWS WORK AGAINST THEM WHAT THE HELL THEY KNOW THE LAWS BETTER US WHEN IT COME TO ONE OF US DOING THE SAME THING AM I WRIGHT? They csn’t wait to put us in jail when we mess up wright? Most of them say they run their buisness the same way yea well then their buisnesses need to be looked at

If it wasn’t for Ronald Regan our military would still be fighting with 1960s weapons. It wasn’t Regan it was the jerks in the 70s, the 70s was a total wast, we had no leadership then i was a teen in 70s and beleive me it was the biggest wast up till now i feel like i am going through the 70s again only this time they are not even trying to hide what they are doing they think it is different now for some reason they think it is for the good of the US ok how do they think that is? I am sorry i do not beleive that Regan was the start of our problems he rallied this country back and got the people to beleive in the Government again.

“We are moving in the right direction. We have to speed it up.”
Yep, the unemployment rate is rising. Let’s make it rise higher, faster. Yay!

US needs economic polices to bring jobs back to this country. It took at least two decades to outsource and send jobs overseas, it will take at least two decades to bring them back. If that is even possible any more. The general population is looking at a long term struggle attached to mass poverty. It will be the same for individuals with or without an education. The jobs and decent wages just are not there and will not be there for some time to come. There is no doubt that the shortage of jobs will last well past President Obama’s term or terms in office. There is just too much damage. It is a 1929 style depression with a gain in the GDP and
the stock market doing decent while the rest of the US is in decline. Big corporations have 1 Trillion dollars in savings and profits, while the American
citizen is losing economic ground on every front. And the average US citizen hasn’t even found bottom yet.