Unemployment rises to 8.2%
 
            
                
                    Bronx Bombers                
                
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                    June 1, 2012, 9:43 AM
Republicans Assail Obama in Wake of Disappointing Jobs Report
By MICHAEL D. SHEAR
Republicans quickly seized on Friday’s disappointing jobs report as fresh evidence of what they say are President Obama’s “job-killing” policies and further proof of the need for a new occupant in the White House next year.
The United States economy added only 69,000 private sector jobs in May, the lowest amount in a year. The unemployment rate, which had been heading lower over the last several months, ticked back up to 8.2 percent from 8.1 percent a month earlier.
For Mr. Obama, who faces re-election in less than six months, the report suggests that the economic fortunes of the country are headed in a direction that will task his campaign. The sagging recovery could complicate his efforts to convince voters to give him another four years.
Mitt Romney, the presumptive Republican nominee, called the report “devastating news for American workers and American families” and mocked the president’s campaign slogan, “forward,” saying that the country has been moving backward under the president’s policies.
“This week has seen a cascade of one bad piece of economic news after another,” Mr. Romney said in a statement. “Slowing G.D.P. growth, plunging consumer confidence, an increase in unemployment claims, and now another dismal jobs report all stand as a harsh indictment of the President’s handling of the economy.”
Mr. Obama’s campaign has been trying for weeks to challenge Mr. Romney’s claim of having been a job creator during his time at Bain Capital, a private equity firm, and later as governor of Massachusetts. But the tepid job growth in the country for the last two months will likely fuel Mr. Romney’s aggressive retort about the current economic situation during Mr. Obama tenure.
Top advisers from both sides have said the economy will be the primary topic of interest during the presidential campaign. But Republicans would like to present the decision as a referendum on Mr. Obama’s record in office. The jobs report on Friday provides Mr. Romney new political ammunition in that effort.
House Speaker John A. Boehner called the economic situation in the country “the sad new normal” and blamed it on Mr. Obama. But he said Americans don’t have to accept the situation if they vote for Republicans in the fall.
“Republicans have a Plan for America’s Job Creators designed to remove the government barriers holding back economic growth and hurting job creation,” he said.
In a news conference at the Capitol Friday morning, Mr. Boehner and Republican lawmakers chastised the president and his Democratic allies in the Congress for failing to pass legislation the Republicans said would create jobs.
“It’s clear that the policies that we have seen are not working,” Mr. Boehner said. “We’ve passed over 30 bills that are sitting over in the Senate. It’s time for us to change course and have real policies that will put Americans back to work.”
Representative Eric Cantor of Virginia, the majority leader, said the jobs numbers “are pathetic” and said “I think under the right leadership we can do better.”
Mr. Obama is traveling to Minnesota on Friday afternoon where he is expected to call on Congress to pass his “to do list” of policies that would help create jobs. Asked about the trip, Mr. Boehner mocked it as a campaign trip that won’t accomplish anything.
“Instead of a campaign speech, the president might want to engage with Republicans and Democrats here on Capitol Hill,” Mr. Boehner said. “The president ought to get out of the badmitten game and get into the rugby game that’s right in front of him.”
http://thecaucus.blogs.nytimes.com/2012 ... bs-report/
                Republicans Assail Obama in Wake of Disappointing Jobs Report
By MICHAEL D. SHEAR
Republicans quickly seized on Friday’s disappointing jobs report as fresh evidence of what they say are President Obama’s “job-killing” policies and further proof of the need for a new occupant in the White House next year.
The United States economy added only 69,000 private sector jobs in May, the lowest amount in a year. The unemployment rate, which had been heading lower over the last several months, ticked back up to 8.2 percent from 8.1 percent a month earlier.
For Mr. Obama, who faces re-election in less than six months, the report suggests that the economic fortunes of the country are headed in a direction that will task his campaign. The sagging recovery could complicate his efforts to convince voters to give him another four years.
Mitt Romney, the presumptive Republican nominee, called the report “devastating news for American workers and American families” and mocked the president’s campaign slogan, “forward,” saying that the country has been moving backward under the president’s policies.
“This week has seen a cascade of one bad piece of economic news after another,” Mr. Romney said in a statement. “Slowing G.D.P. growth, plunging consumer confidence, an increase in unemployment claims, and now another dismal jobs report all stand as a harsh indictment of the President’s handling of the economy.”
Mr. Obama’s campaign has been trying for weeks to challenge Mr. Romney’s claim of having been a job creator during his time at Bain Capital, a private equity firm, and later as governor of Massachusetts. But the tepid job growth in the country for the last two months will likely fuel Mr. Romney’s aggressive retort about the current economic situation during Mr. Obama tenure.
Top advisers from both sides have said the economy will be the primary topic of interest during the presidential campaign. But Republicans would like to present the decision as a referendum on Mr. Obama’s record in office. The jobs report on Friday provides Mr. Romney new political ammunition in that effort.
House Speaker John A. Boehner called the economic situation in the country “the sad new normal” and blamed it on Mr. Obama. But he said Americans don’t have to accept the situation if they vote for Republicans in the fall.
“Republicans have a Plan for America’s Job Creators designed to remove the government barriers holding back economic growth and hurting job creation,” he said.
In a news conference at the Capitol Friday morning, Mr. Boehner and Republican lawmakers chastised the president and his Democratic allies in the Congress for failing to pass legislation the Republicans said would create jobs.
“It’s clear that the policies that we have seen are not working,” Mr. Boehner said. “We’ve passed over 30 bills that are sitting over in the Senate. It’s time for us to change course and have real policies that will put Americans back to work.”
Representative Eric Cantor of Virginia, the majority leader, said the jobs numbers “are pathetic” and said “I think under the right leadership we can do better.”
Mr. Obama is traveling to Minnesota on Friday afternoon where he is expected to call on Congress to pass his “to do list” of policies that would help create jobs. Asked about the trip, Mr. Boehner mocked it as a campaign trip that won’t accomplish anything.
“Instead of a campaign speech, the president might want to engage with Republicans and Democrats here on Capitol Hill,” Mr. Boehner said. “The president ought to get out of the badmitten game and get into the rugby game that’s right in front of him.”
http://thecaucus.blogs.nytimes.com/2012 ... bs-report/
Post edited by Unknown User on 
0
            Comments
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            It's Rutherford B. Hayes' fault.Sorry. The world doesn't work the way you tell it to.0
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            If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?0
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            It's very disappointing, being an election year, I thought we'd be slamin away
 with new growth ... getting better each day.
 Bummer city0
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            Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 Because the unemployment rate has some issues with it during depressions, which we've discussed previously. For example, we discussed seasonality problems, we discussed the birth death model and we discussed people dropping out of the labor force... all of the above could easily make things look much rosier than they are outside of "model" land. The unemployment rate is a survey. It has flaws. Is it a useful indicator? Sure. But, in hostile times, it becomes a bit less precise a measure because of the overall economic volatility affecting seasonal adjustments - and unfortunately this new phenomenon of people exiting the labor force. Ironically, these issues that were helping the unemployment rate to decline, flipped back this past month and really hit it hard.
 I'd advise anyone interested to read this for more:
 http://www.zerohedge.com/news/nfp-huge- ... nt-rate-82Here's a new demo called "in the fire":
 <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="0
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 partisanship.Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?"You can tell the greatness of a man by what makes him angry." - Lincoln
 "Well, you tell him that I don't talk to suckas."0
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 ...Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 That's what I'm wondering. I thought the wealthy were the 'Job Creators', not the government.
 It this is true... then, can we count the jobs the 'Job Creators' are creatig in China, so we can lower the percentage?Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
 Hail, Hail!!!0
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            gimmesometruth27 wrote:
 partisanship.Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 Got any more of them nifty buzz words?Sorry. The world doesn't work the way you tell it to.0
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            Cosmo wrote:
 ...Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 That's what I'm wondering. I thought the wealthy were the 'Job Creators', not the government.
 It this is true... then, can we count the jobs the 'Job Creators' are creatig in China, so we can lower the percentage?
 Because if the gov't takes certain actions, businesses make certain REACTIONS. So, while wealthy (to use your desired euphimism) are the direct creators (or killers if you'd like), the gov't plays a major role in how they make these decisions.Sorry. The world doesn't work the way you tell it to.0
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            EdsonNascimento wrote:Cosmo wrote:...
 That's what I'm wondering. I thought the wealthy were the 'Job Creators', not the government.
 It this is true... then, can we count the jobs the 'Job Creators' are creatig in China, so we can lower the percentage?
 Because if the gov't takes certain actions, businesses make certain REACTIONS. So, while wealthy (to use your desired euphimism) are the direct creators (or killers if you'd like), the gov't plays a major role in how they make these decisions.
 So you're giving Obama and the government credit for their major role in creating the 2.3 million jobs since March, 2010?0
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            Go Beavers wrote:EdsonNascimento wrote:Cosmo wrote:...
 That's what I'm wondering. I thought the wealthy were the 'Job Creators', not the government.
 It this is true... then, can we count the jobs the 'Job Creators' are creatig in China, so we can lower the percentage?
 Because if the gov't takes certain actions, businesses make certain REACTIONS. So, while wealthy (to use your desired euphimism) are the direct creators (or killers if you'd like), the gov't plays a major role in how they make these decisions.
 So you're giving Obama and the government credit for their major role in creating the 2.3 million jobs since March, 2010?
 I'm giving him credit for an 8.2% unemployment rate which is actually probably closer to 9.5% based on drop outs, etc. I don't look at things like job creation, etc. Those are politically motivated numbers that don't actually mean anything. The concept is relevant. But, the actual numbers are created solely for the purpose of political ping pong. I'm a results driven person. Tell me the bottom line. I don't really care how you describe it.Sorry. The world doesn't work the way you tell it to.0
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 ...EdsonNascimento wrote:Cosmo wrote:
 ...Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 That's what I'm wondering. I thought the wealthy were the 'Job Creators', not the government.
 It this is true... then, can we count the jobs the 'Job Creators' are creatig in China, so we can lower the percentage?
 Because if the gov't takes certain actions, businesses make certain REACTIONS. So, while wealthy (to use your desired euphimism) are the direct creators (or killers if you'd like), the gov't plays a major role in how they make these decisions.
 But... it is ultimately up to the Job Creators to create the jobs, right?
 Like, if the government places regulations on what waste can't be dumped into a river... so, the company's reaction is to decide to move it's operations to a country that doesn't care about its water... it's the government's fault, right?
 Thanx for clarifying that.Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
 Hail, Hail!!!0
- 
            Cosmo wrote:...
 But... it is ultimately up to the Job Creators to create the jobs, right?
 Like, if the government places regulations on what waste can't be dumped into a river... so, the company's reaction is to decide to move it's operations to a country that doesn't care about its water... it's the government's fault, right?
 Thanx for clarifying that.
 We can conjur up all the evil euphimisms we want. Yes, regulations effect decisions. And, that's fine. If you care more about a seagull than drilling for oil, good for you. I personally am a Up With People!!! person. But, if its a seagull that floats your boat, have at it. But, I digress (and have tongue firmly in cheek).
 You cannot stick your head in the sand and stand on principle all the time. Nobody's saying that we don't care about water (in your "example"). But, you can't say - why is everyone leaving? When they do. That's what makes the job tough. Nobody wants to go to war. Everyone wants clean water. Everyone wants lower gas prices (and lower utilization). Why do you think people go in looking youthful and come out grey?
 Why do you think Obama learns the necessity of Guantanamo? Why do you think Bush made some of the decisions he made?
 It's very easy to sit on the side and say - hey - Wars Suck!! No shit...... It's much more difficult to balance it all, try to make progress in an ever changing world without destroying things (Whatever things may be - innocents, economy, seagulls, water). I would not want that job. Especially with a bunch of never done anything Neil Young wannabes sitting in the gallery shooting spit balls and laughing their own way to the bank.Sorry. The world doesn't work the way you tell it to.0
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            Just to chime in here:
 I don't think it's Obama's "fault" for small upticks in the unemployment rate, nor should he receive praise for nice jobs numbers per sea. Basically, my point is, like all Presidents he was handed the keys to a car already in motion. Some of that environment was favorable to his pitch at reelection 4 years later, some of it was unfavorable. Moreover, some of it is out of his control and in the hands of other parties - us, business, the Fed, etc. At the end of the day, however, I think we'd all acknowledge that he will receive blame or praise for jobs numbers - be it right or wrong. He's basically the coach or QB - he'll get blame or praise for the economy. That's what happened to Bush, Clinton, Bush Sr., etc. It's the way it works. I simply think we should be wary of these numbers being the condition on which one is graded when they paint unreasonable pictures - like the unemployment rate diving for odd reasons like I pointed out earlier in the thread - NOT because we were really in a sustained recovery. Personally, because of this, I think the numbers are much worse than they seem, but someone else may think it's better. To each his or her own.
 Personally, I do think that private market is where lasting jobs are created, but government can do a lot to alter the private sector environment via taxes, regulations, etc. Further, government spending can also alter the economy and even increase GDP, yet there's a price to be paid when government spending increases (via taxes, debt and inflation). We've been blind to that. You can't mount up debt and not think it's going to bite you at some point. Stimulus and large bouts of government spending may seem to work in the short run, but in the long run it fucks us all over - we're all seeing this now.
 But, keep on arguing about Romney vs. Obama in this manner. It really doesn't matter. It doesn't make us in any less of a depression. Once we come to grips with the fact that they are all Keynesians, that's when we can actually do something real to change this.Here's a new demo called "in the fire":
 <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="0
- 
            
 Well, I can only speak for myself when i say that I have to drink water and breathe in air... and i'm not a seagull.EdsonNascimento wrote:Cosmo wrote:...
 But... it is ultimately up to the Job Creators to create the jobs, right?
 Like, if the government places regulations on what waste can't be dumped into a river... so, the company's reaction is to decide to move it's operations to a country that doesn't care about its water... it's the government's fault, right?
 Thanx for clarifying that.
 We can conjur up all the evil euphimisms we want. Yes, regulations effect decisions. And, that's fine. If you care more about a seagull than drilling for oil, good for you. I personally am a Up With People!!! person. But, if its a seagull that floats your boat, have at it. But, I digress (and have tongue firmly in cheek).
 You cannot stick your head in the sand and stand on principle all the time. Nobody's saying that we don't care about water (in your "example"). But, you can't say - why is everyone leaving? When they do. That's what makes the job tough. Nobody wants to go to war. Everyone wants clean water. Everyone wants lower gas prices (and lower utilization). Why do you think people go in looking youthful and come out grey?
 Why do you think Obama learns the necessity of Guantanamo? Why do you think Bush made some of the decisions he made?
 It's very easy to sit on the side and say - hey - Wars Suck!! No shit...... It's much more difficult to balance it all, try to make progress in an ever changing world without destroying things (Whatever things may be - innocents, economy, seagulls, water). I would not want that job. Especially with a bunch of never done anything Neil Young wannabes sitting in the gallery shooting spit balls and laughing their own way to the bank.Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
 Hail, Hail!!!0
- 
            
 i got plenty of them. jingos too...EdsonNascimento wrote:gimmesometruth27 wrote:
 partisanship.Go Beavers wrote:If Obama's policies are "job killing" when the unemployment rate worsens, why aren't they "job creating" when the unemployment rate was getting better?
 Got any more of them nifty buzz words?
 ie:
 "job creators" need "tax cuts"...
 :roll:"You can tell the greatness of a man by what makes him angry." - Lincoln
 "Well, you tell him that I don't talk to suckas."0
- 
            gimmesometruth27 wrote:i got plenty of them. jingos too...
 ie:
 "job creators" need "tax cuts"...
 :roll:
 That's passe. I think the current is that the middle class just needs the current tax rates to stay static so they have jobs in the coming year. Sorry. The world doesn't work the way you tell it to.0 Sorry. The world doesn't work the way you tell it to.0
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            EdsonNascimento wrote:gimmesometruth27 wrote:i got plenty of them. jingos too...
 ie:
 "job creators" need "tax cuts"...
 :roll:
 That's passe. I think the current is that the middle class just needs the current tax rates to stay static so they have jobs in the coming year. 
 Unfortunately, the middle class seems to be a disappearing act these days."It's a sad and beautiful world"-Roberto Benigni0
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            According to our POTUS, "the private sector is doing fine".
 :think:Be Excellent To Each OtherParty On, Dudes!0
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            So what happened to " We are here to create jobs " that was after the GOP took over in 2010 where are the jobs that Bohner promised  :oops: :oops:
 http://www.washingtonpost.com/business/ ... story.htmljesus greets me looks just like me ....0
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            Bush managed to cut unemployment during his presidency from 4% to 8% with tax cuts and deregulation.
 trckle down baby. screw seagulls0
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