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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

  1. #1251
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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by OpportunityCost View Post
    Thats changing as we speak.

    RealClearPolitics - Election Other - President Obama Job Approval

    Obama's approval numbers are back below 50 and trending down. Obama's re-election means he now owns economic policy. He cannot continue to blame Bush. His polling numbers will now, more realistically, reflect that.

    WTF does a job performance poll have to do with a handling of the economy poll??

    Answer: Nothing.

    More people polled prefer Obama to handle the economy than Republicans.

    However, if you want to talk about job performance, I'm down with that ...

    Republicans in Congress job approval rating:

    CNN: 25%
    Quinnipiac: 19%
    Marist: 24%
    Fox: 23%
    ABC: 24%
    Pew: 25%
    CBS: 19%

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    No, I'm reporting to you what the polls say. They indicate that more people trust Obama with the economy than they do Republicans. I don't for a moment purport why.
    Obama is sliding in the polls. He overplayed his hand with The Sequester nonsense

    The hell he didn' hand Obama a broken economy. All the tools Reagan had at his disposal to help the economy (70% tax rates, 20% interest rates, double digit inflation); Obama had none of those to work with. Taxes were already low, interest rates couldn't go lower, inflation couldn't go lower. So while Carter gave Reagan an unemployment rate of 7.5% with tools to bring it down, Bush handed Obama an unemployment rate of 7.8% with a broken economy which had no such tools to fight it.
    Obama wasn't handed anything. Obama was running for President when the Economy crashed. The Economy crashed largely because of policies Obama pushed for and supported. Obama even sued banks to force them to loan to low income minorities while he was a lawyer at ACORN. Reagan CUT taxes and enacted sound monetary policy. Obama has done the exact opposite which is why you see a stagnant economy instead of a growing one.


    Bull****. They blocked nothing. I posted the bill on this thread the other night which showed the bills were not filibustered or block by Democrats. Stop making stuff up. You can't blame the minority party because the majority party didn't do its job.
    The Democrats blocked GSE reform. There was no need to filibuster the bill. They had the 41 votes necessary to threaten a filibuster which was all they needed. With 41 votes they could have kept the bill languishing permanently with no hope for an up or down vote. Not one Democrat supported GSE reform. Not one Democrat proposed any kind of sensible GSE reform. On the contrary Obama and the Democrats profited mightily from GSE lobbying efforts and campaign contributions. Chris Dodd was given sweetheart loan deals. Frank repeatedly said there was no GSE crisis. They shoulder most of the blame for the financial crisis.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post

    The Democrats blocked GSE reform. There was no need to filibuster the bill. They had the 41 votes necessary to threaten a filibuster which was all they needed. With 41 votes they could have kept the bill languishing permanently with no hope for an up or down vote. Not one Democrat supported GSE reform. Not one Democrat proposed any kind of sensible GSE reform. On the contrary Obama and the Democrats profited mightily from GSE lobbying efforts and campaign contributions. Chris Dodd was given sweetheart loan deals. Frank repeatedly said there was no GSE crisis. They shoulder most of the blame for the financial crisis.
    Democrats blocked nothing. If what you're claiming was true, that Republicans didn't feel it was necessary to put it to a vote because they were afraid of the big bad Democrats, and it's not, there would be no filibusters at all in the Senate because the majority party would never bother to put any legislation on the floor out of fear there weren't enough votes for cloture. No, what happened was that Republican leadership wouldn't put either bill to a vote. It was their choice. And it was the wrong choice. Had they putbit to a vote and had Democrats actually blocked it, then Democrats would be to blame. But that's not what happened with either bill.

    As far as Democrats not submitting a bill, that was among the first things they did when they took over in 2007. In March, 2007, Barney Frank pushed a GSE reform bill through the House. It too died in the Senate but Pelosi used some of it, and others, to get another bill through a few months later. A bill that would eventually make its way to Bush's desk -- something Republicans unforunately failed to do.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    Democrats blocked nothing. If what you're claiming was true, that Republicans didn't feel it was necessary to put it to a vote because they were afraid of the big bad Democrats, and it's not, there would be no filibusters at all in the Senate because the majority party would never bother to put any legislation on the floor out of fear there weren't enough votes for cloture. No, what happened was that Republican leadership wouldn't put either bill to a vote. It was their choice. And it was the wrong choice. Had they putbit to a vote and had Democrats actually blocked it, then Democrats would be to blame. But that's not what happened with either bill.


    Democrats blocked GSE reform. Those are the facts. Not my problem you are too partisan and entrenched in your ideology to admit it. Democrats had the votes to keep the bill languishing permanently in debate. Not one Democrat supported GSE reform. Not one Democrat proposed meaningful GSE reform. Those are the facts and they cannot be disputed. The reform proposed would have created a new regulator and taken oversight away from HUD. Democrats claimed this would lead to less affordable housing for minorities and opposed the reform.

    New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com

    These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.
    It was the Clinton Administration that sowed the seeds of destruction

    Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com

    Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
    Barney Frank "What Housing Bubble?"

    Barney Frank in 2005: What Housing Bubble? - YouTube

    As far as Democrats not submitting a bill, that was among the first things they did when they took over in 2007. In March, 2007, Barney Frank pushed a GSE reform bill through the House. It too died in the Senate but Pelosi used some of it, and others, to get another bill through a few months later. A bill that would eventually make its way to Bush's desk -- something Republicans unforunately failed to do.
    Barney Frank never sought meaningful reform of the GSEs. He spent years claiming there was no crisis. In 2010 Democrats STILL BLOCKED GSE REFORM.

    Fannie mae and Chris Dodd - WSJ.com

    For much of yesterday's debate, Mr. Dodd was visibly angry. Perhaps that is because he was left alone on the floor to defend the most expensive of all federal bailouts. Thanks to his own sweetheart mortgage from Countrywide Financial - a leading Fannie business partner - Mr. Dodd isn't running for re-election. But other Democrats chose to spend yesterday's debate in undisclosed locations. They were no doubt thrilled to enjoy federal witness protection from C-SPAN's cameras as Fan and Fred's longtime opponent, Alabama Senator Richard Shelby, described the various reform efforts they had blocked over the years.
    Democrats are primarily responsible for the Financial Crisis

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post
    Democrats blocked GSE reform. Those are the facts. Not my problem you are too partisan and entrenched in your ideology to admit it. Democrats had the votes to keep the bill languishing permanently in debate. Not one Democrat supported GSE reform. Not one Democrat proposed meaningful GSE reform. Those are the facts and they cannot be disputed. The reform proposed would have created a new regulator and taken oversight away from HUD. Demoocrats claimed this would lead to less affordable housing for minorities and opposed the reform.

    New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com



    It was the Clinton Administration that sowed the seeds of destruction

    Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com



    Barney Frank "What Housing Bubble?"

    Barney Frank in 2005: What Housing Bubble? - YouTube



    Barney Frank never sought meaningful reform of the GSEs. He spent years claiming there was no crisis. In 2010 Democrats STILL BLOCKED GSE REFORM.

    Fannie mae and Chris Dodd - WSJ.com



    Democrats are primarily responsible for the Financial Crisis
    Dayam, talk about a fail. Nothing you posted proves that Democrats blocked either bill in the Senate.

    All you've shown is that Democrats were against it. Umm, that not new information. Still, Democrats didn't block either bill. They didn't have to -- Senate Leadership didn't want them passed either.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Bronson View Post
    Democrats blocked GSE reform. Those are the facts. Not my problem you are too partisan and entrenched in your ideology to admit it. Democrats had the votes to keep the bill languishing permanently in debate. Not one Democrat supported GSE reform. Not one Democrat proposed meaningful GSE reform. Those are the facts and they cannot be disputed. The reform proposed would have created a new regulator and taken oversight away from HUD. Demoocrats claimed this would lead to less affordable housing for minorities and opposed the reform.

    New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com



    It was the Clinton Administration that sowed the seeds of destruction

    Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com



    Barney Frank "What Housing Bubble?"

    Barney Frank in 2005: What Housing Bubble? - YouTube



    Barney Frank never sought meaningful reform of the GSEs. He spent years claiming there was no crisis. In 2010 Democrats STILL BLOCKED GSE REFORM.

    Fannie mae and Chris Dodd - WSJ.com



    Democrats are primarily responsible for the Financial Crisis
    Dayam, talk about a fail. Nothing you posted proves that Democrats blocked either bill in the Senate.

    All you've shown is that Democrats were against it. Umm, that not new information. Still, Democrats didn't block either bill. They didn't have to -- Senate Leadership didn't want them passed either.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    I'm not saying that at all. What I am saying is that construction type jobs require more than just the salary amount. Go to post #850 to see where the $228K figure came from. In reality, about 40% of the stimulus was tax cuts.
    Tax cuts only cost money if you think that the money I earn is all the governments, and they only allow me to keep some.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Donc View Post
    What was the unemployment rate when BO was sworn in and what is it now?How many jobs were being lost per month as apposed to now?
    Does it matter, the number dropping out of the labor force and the labor participation rate shows the Obama economic policies to be failures. He is doing a great job creating dispair and causing people to stop looking for jobs as that dependence class continues to grow

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Kushinator View Post
    No, total loss, as in values of homes, retirement accounts, etc....



    In one hand you want to blame Obama for employment numbers. On the other hand, you wish to absolve Bush II for the great loss of net wealth since the Great Depression. I am not blaming Bush for anything, i was simply stating a fact.



    If i bought a home with an interest rate of 8.6% 30 years fixed in 1977, the fact that interest rates went to 17.6% in 1982 would not have impacted me. However, the fact that my net worth decreased by 30% in a matter of months did!!! Notice how net wealth did not decline at all during the Reagan recession.
    Again, how did this recession hurt you or your family? Obama is responsible for the numbers generated during his term just like you hold Bush responsible for the numbers during his term. What Obama policy has made things better for the private sector? Where is th incentive for a small business to grow and hire people?

    Interesting logic you have, Bush destroyed the economy but Obama is powerless to implement anythihg to make it better even when he had overwhelming numbers his first term.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Sheik Yerbuti View Post
    WTF does a job performance poll have to do with a handling of the economy poll??

    Answer: Nothing.

    More people polled prefer Obama to handle the economy than Republicans.

    However, if you want to talk about job performance, I'm down with that ...

    Republicans in Congress job approval rating:

    CNN: 25%
    Quinnipiac: 19%
    Marist: 24%
    Fox: 23%
    ABC: 24%
    Pew: 25%
    CBS: 19%[/COLOR]
    What the hell does a poll on Congress prove since Congress is local not national?

    How does any country survive with a declining labor force, trillion dollar deficits, 50 million on Food Stamps, record numbers on disability, massive dependence of the Federal Govt?, .4% GDP growth. It really is sad that you have such low expectations and poor understanding of American exceptionalism and leadership

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