Obama to Congress: Don’t ‘Muck’ Up Economic Recovery

Excellent news. I’ll take the steady and substantial gains of President Obama over the hollow boasting of the Republicans any day. We saw the great business expertise of the Republicans last time around – huge deficits, huge debt, a phony war and a massive economic collapse. Get out of the way!

Obama is thankful, so thankful that the republicans took control of the House last January. The democrats had control of the House with their 2006 wins in the elections. And look at the damage they’ve caused.

Don’t be fooled. A president can’t write laws. There are evil deceivers out to make Bush (a president mind you) out to the the one who destroyed the economy and Obama (again, president) out to look like the hero who saved it. Congress controls the money people.

This baby step is nothing of what steps will come when we vote this November and throw out the rest of those democrats. History is crystal clear.

Oh and remember this. Obama said that his trillion dollar stimulus would keep unemployment under 8%. It hasn’t been under it since. Proves just how wrong he and his democrat advisers are. But we knew that.

What a load of Hoooey!!!! —- The man lies even when his mouth is not moving!!

THE REAL STORY…… More unemployed are giving up and stopped looking!! — -The “denominator” iin the unemployment figure is going down!! —– A record 1.2 Million workers fall out of the labor force… the “Participation Rate” of working age citizens falls to 63.7%… which is a 30-year low!!! —- NO PROGRESS HERE… we’re barely treading water!!!

Posted by: TheLoyalOpposition | February 3, 2012, 1:48 pm 1:48 pm

The economy has added 500,000 private sector jobs in the past two months alone. That means 500,000 more people are employed. This is excellent. Compare it to 800,000 jobs being lost every month under the Bush administration.

3.7 million more people have jobs now since Obama’s policies were put into action. Those are real people, with real jobs.

Posted by: Judd | February 3, 2012, 1:38 pm 1:38 pm

You’re right, Obama made substantial gains. In increasing poverty.

From ZeroHedge:

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

This is the largest absolute jump in ‘Persons Not In Labor Force’ on record…and biggest percentage jump in 30 years.

Posted by: Bill | February 3, 2012, 1:58 pm 1:58 pm

The simple fact is the number of employed people has gone up by 3.7 million since the Obama policies were put in action.

In the past two months alone, the number of employed people has gone up 500,000. That’s 500,000 more people working.

You’d prefer 800,000 people lose their jobs every month like under the last Republican president?

truth 1:54 pm —– Stop being a chearleader for the indefensible POTUS!! —— Just ask the government themselves…. the Congressional Budget Outlook For 2012-2022 was released on 1/31/12 —- It read “Had that portion of the decline in the labor force participation rate since 2007 that is attributable to NEITHER the aging of the baby boomers NOR the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent” ——- TRANSLATION…. The CBO just admitted that the BLS numbers are bogus and real unemployment is much higher (even with their screwed-up system)…. or the REAL unemployment rate is closer to 10% per the CBO… (we know it is higher)!! —- So tack on even the 1¼ percent that the CBO says…. we’re back to 9.5% unemployment!!! —– And THAT figure is bogus!! —– And it only took $5 TRILLION in deficit spending to get us there!!!!

You’d prefer 800,000 people lose their jobs every month like under the last Republican president?

Posted by: truth | February 3, 2012, 2:06 pm 2:06 pm

I think we’d prefer you actually work a job and pay taxes instead of expecting everyone else to do the heavy lifting. People are having a hard enough time maintaining their lifestyles without being soaked to maintain yours.

And it only took $5 TRILLION in deficit spending to get us there!!!!

Posted by: TheLoyalOpposition | February 3, 2012, 2:07 pm 2:07 pm

Sure, but over $1.25 TRILLION of the current debt ‘attributed’ to Obama resulted from interest on the debt George W. Bush left. That’s just the interest on the debt Bush left, never mind the war commitments, the destroyed revenues due to the economic collapse on his watch, the unpaid for seniors drug plan, the huge deficits from his tax cuts, and on and on.

This president still thinks the Gov’t creates jobs. The democrats continue to push more gov’t programs and credits that fail to create jobs while killing private sector jobs projects such as the Keystone pipeline. The economy is projected to worsen even further in the next year and Obama travels around the country telling his followers that his programs are turning the economy around. Democrats believe it, debt goes up, home sales are down, people have given up looking for jobs.

Professional and business services continued to add jobs in January (+70,000). About half of the increase occurred in employment services (+33,000). Job gains also occurred in accounting and bookkeeping (+13,000) and in architectural and engineering services (+7,000).

Over the month, employment in leisure and hospitality increased by 44,000, primarily in food services and drinking places (+33,000). Since a recent low in February 2010, food services has added 487,000 jobs.

In January, health care employment continued to grow (+31,000). Within the industry, hospitals and ambulatory care services each added 13,000 jobs.

Wholesale trade employment increased by 14,000 over the month. Since a recent employment low in May 2010, wholesale trade has added 144,000 jobs.

Employment in retail trade continued to trend up in January. Job gains in department stores (+19,000), health and personal care stores (+7,000), and automobile dealers (+7,000) were partially offset by losses in clothing and clothing accessory stores (-14,000). Since an employment trough in December 2009, retail trade has added 390,000 jobs.

In January, employment in information declined by 13,000, including a loss of 8,000 jobs in the motion picture and sound recording industry.

In the goods-producing sector, manufacturing added 50,000 jobs. Nearly all of the increase occurred in durable goods manufacturing, with job growth in fabricated metal products (+11,000), machinery (+11,000), and motor vehicles and parts (+8,000). Durable goods manufacturing has added 418,000 jobs over the past 2 years.

Employment in construction increased by 21,000 in January, following a
gain of 31,000 in the previous month. Over the past 2 months,
nonresidential specialty trade contractors added 30,000 jobs.

Mining added 10,000 jobs in January, with most of the gain in support activities for mining (+8,000). Since a recent low in October 2009, mining employment has expanded by 172,000.

Bureau of Labor Statistics
Feb, 3, 2012

Under Bush when the GOP had control of congress… the deficits went DOWN FOUR STRAIGHT YEARS….
————————————

Yeah, the Republicans had a neat little trick for that…..they didn’t include the cost of the wars and the big drug plan in their budgets, while Democrats did…and just for this very reason….so Republicans could make the totally bogus claim that they lowered deficits when they really didn’t.

That’s just rhetoric for “let me continue to get away with being a dictator in America”.

This growing economy is bad news for Romney. The republicans now have their hair on fire. The economy shows signs of improvement. This means the President will have an easier re-election than they thought.

Boehner, McConnell and the rest will now do anything to slow things down. They are in the same position as the republicans in 1931 and 1932 were. They are about to be thrown out of the Congress and not come to power for the next 80 years.

FDR was elected four times because the American people trusted him to do the right thing, this President has the opportunity do the same, except he’s only limited to two terms.

Posted by: TheLoyalOpposition | February 3, 2012, 2:39 pm 2:39 pm

The housing bubble had already peaked and was beginning its downfall a year before the Democrats took Congress. The sub-prime crisis had also already begun with the first of those businesses beginning to collapse into bankruptcy.

It had nothing to do with the Democrats taking Congress. It had everything to do with 6 years of Bush and the majority Republican Congress.

George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
—————————————-

They also set a record for the most anemic growth rate…only on the order of 3 million jobs over 8 full years. It should read 52 straight months of absolutely meager job creation.

it take 2.4m new jobs a YEAR just to break even!!!!

Posted by: TheLoyalOpposition | February 3, 2012, 2:48 pm 2:48 pm

And were we ‘breaking even’ under the last Republican president when we lost 8.5 million jobs in a year? I’ll take the 3.7 million jobs added to the economy. That means 3.7 million more people have jobs – and yes, it does mean that.

Posted by: truth | February 3, 2012, 2:32 pm 2:32 pm

Wow, that’s just peachy. But 1.2 million people STILL dropped out of the work force between December and January. The labor force is now SMALLER. Sorry.

The labor force is now SMALLER. Sorry.

Posted by: Bill | February 3, 2012, 3:04 pm 3:04 pm

The number of people working is larger now – by 3.7 million people.

The labor force is now SMALLER. Sorry.

Posted by: Bill | February 3, 2012, 3:04 pm 3:04 pm

You can’t even get the labor force numbers right Chuck (Bill).

The size of the civilian labor force grew from 153.887 million in December to 154.395 million in January.

Historically this nation has been Big Business Interest vs. Middle- Low Income workers. The current republican elected official goals are to protect and deliver the interest of Big Business. This is why they create Union- Busting Bills and they fight President Obama at every turn. Psycologically they garner support with the hate vote , but is really Big Business that they serve when they are elected into offfice. Newt is a better actor than Newt, but both of them will serve the same purpose… both will serve the interest of the rich. Truthfully the only people who Should vote republican are the super rich because it is in their own self interest. If you are middle class and below and you vote republican you are dilusional. Middle to low income workers who vote republican are voting to strip away their own rights and safety nets. Those who vote because of hatred and racists views are even worse. Trully President Obama and the democrats have the best interest of the average American in mind. Republican elected officials pretend to relate to middle incomes, but it is truly there to serve the wants and desires of the rich

If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?

Where are the jobs the Left has been complaining about since the Democrats lost the House majority? Well well, whatdaya know.

Yeah, only 1.2 million left the job pool last month. Yeah, participation rate same as it was 30 years ago.

I guess the CBO is wrong when it predicted higher unemployment rates this year.

Dana and Judd must work for the Democratic Party/Obama. Obama’s economic record shows unemployed went up 1.1 million, federal debt up 43% so far, food stamp recipients up 45%, people in poverty up 6.4 million, gas up 83% and our global competitiveness down from 1st to 5th, down 4 place during his watch.. First President to take our credit rating down. No solutions to the real problem of medicare and social security, just same old blame someone else game.

Im seeing a lot of posts that are talking about the people who “left the job market” or who have given up looking. For what its worth Im one of those people you are talking about. And I know for absolute certain that most of us havnt given up looking for a job we have just found other ways to make money. I have been working as an independant for the past two years and have literally recruited or met thousands online that are doing the same. The scope of the American job market has changed and we are making money from it…figure that into your propaganda…

Unfortunately, Cynic, you are the one who is wrong. You may want to do a little research regarding how the unemployment rate is calculated. Freedom – you got it right.

First President to take our credit rating down.

POSTED BY: FREEDOM | FEBRUARY 4, 2012, 9:31 AM 9:31 AM

Don’t be a joke. The credit rating went down because the Republicans played chicken with raising the debt ceiling. The debt ceiling was raised a million times before with little or no issue including many times under Bush and Reagan. The Republicans decided to play politics with the debt ceiling – that is why the credit rating went down. Party first – country second = the Republicans.

Don’t muck it up… by doing stuff like shutting down pipelines, causing power plants to close through strangling legislation, and chucking up trillion dollar plus deficits every year as president? Or by jamming healthcare legislation down an unwilling populace’s throat which was such lousy law over 1000 exemptions to it have been issued?

What an empty headed poseur. Go back to Chicago and work the local grift, barry…you’re screwing up my country, you earflapped dolt.

Never had we statements like jobs saved, NET jobs created. If those words would have been uttered under a republican president the left would have had a hizzy fit