Jobs report gives Obama boost

President Barack Obama celebrated much-needed good economic news Friday as the unemployment rate dropped to its lowest level since he took office. "We are moving forward again," he boasted. Republican rival Mitt Romney retorted that the president still hasn't done enough to help millions of people who are out of work.
Associated Press
Oct 5, 2012

 

The figures announced by the Labor Department — 114,000 new jobs last month to bring the unemployment rate to 7.8 percent — gave Obama fresh evidence on the heels of his disappointing debate performance to argue that his economic policies are working. Romney countered that the country can't afford four more years of the president's leadership and argued that the rate is low in part because some people have quit looking for work.

"These are tough times in this community," Romney told a rally outside a construction equipment store after meeting with coal miners who have been laid off. "We're going to bring back jobs and bring back America."

Obama responded that Romney wants to roll back policies that are repairing the economic damage.

"Today's news certainly is not an excuse to try to talk down the economy to score a few political points," Obama said. "It is a reminder that the country has come too far to turn back now."

The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when Obama became president. There is one more monthly unemployment report before Election Day, so Friday's numbers could leave a lasting impact on Americans who are already casting ballots in states that allow early voting.

The candidates campaigned Friday on opposite ends of one of those early voting states, Virginia. Romney, in the state's far western coal country, said he wants to develop coal and other domestic resources to make the United States energy independent in eight years. Obama focused on recruiting women at an appearance in the Washington suburbs, where he argued that his health care policy has improved their health care choices.

Obama, seeking to rebound after Romney dominated their first debate Wednesday night, is accusing his rival of being dishonest about how his policies would affect the tax bills of middle-class families and the Medicare benefits of retirees. He told an audience at George Mason University that his rival "got an extreme makeover" in their face-off.

He also argued Romney can't bring change to the country when he's "willing to write off half the nation before you take office," a reference to Romney's disparaging remarks about the 47 percent of Americans who don't pay federal income taxes. Romney made the comments at a fundraiser in May that was secretly recorded, but the videotape did not emerge until last month. Romney went as far as he's ever gone to try to take back his words in an interview Thursday night with Fox News.

"Well, clearly in a campaign, with hundreds if not thousands of speeches and question-and-answer sessions, now and then you're going to say something that doesn't come out right," Romney said Thursday. "In this case, I said something that's just completely wrong."

At the White House, senior adviser David Plouffe retorted: "I would take with a huge grain of salt trying to clean something up five months after you said it for the first time."

The next presidential debate is not until Oct. 16, a town hall-style meeting at Hofstra University in New York, giving both sides ample opportunities to blanket battleground states and raise money for the final weeks of television advertising.

Romney released three new ads on Friday, offering a window into his strategy for the coming week. One, called "Facts Are Clear," focuses on the national debt and accuses Obama of wasting trillions of dollars instead of creating jobs. A second spot features Greg Anthony, a former professional basketball player from Nevada, talking about his roots in the state and his switch from backing Obama in 2008 to Romney this year.

The third spot is titled, simply, "Ohio Jobs." It features Romney looking straight at the camera to talk to voters from the Midwestern battleground state seen as critical to his White House hopes. Obama also was campaigning in Ohio on Friday.

Obama's team countered with an ad targeting Romney's tax plan, accusing him of planning to raise taxes on the middle class. The ad was airing in seven battleground states.

Romney planned a rally later in the day in St. Petersburg, Fla., kicking off a weekend of campaigning in that state, the largest of the prized battlegrounds. Obama was holding a Friday rally in Cleveland before heading to California on Sunday for a fundraising spree that will include a concert in Los Angeles featuring Jon Bon Jovi, Katy Perry and Stevie Wonder.

Traveling aboard Air Force One, Plouffe foreshadowed an intense focus on Ohio in the coming weeks, where polls have shifted in Obama's favor. No Republican has won the presidency without winning Ohio, and Obama's campaign sees blocking Romney there as one of its best paths to victory.

Plouffe said the true measure of the first debate was whether it moved voters in the battleground states. Speaking of Romney, Plouffe said: "Is he going to take the lead in Ohio? If he doesn't, he's not going to be president," he said.

 

Comments

the office cat

Vietnam...the one started because they were hiding WMDs...OOOPS that was Bush's Iraq.

Vietnam was the 'domino theory' that countries would fall like dominoes and the Commies would get us - even though Cuba already was 90 miles away.

My KIA brother thanks you for explaining that the war that took his life is still not paid. We kinda thought he 'paid' our fair share.

CAST THE FIRST STONE

liars figure and figures lie

coasterfan

Love the latest lying Republican TV ad which supposedly cites an "independent" study which shows that Obama's tax plan would raise taxes on the middle class. This same study had already been panned because the 3 people behind it are big name Republicans, so it's anything BUT independent. Besides, we've already had Obama for four years, and we quite obviously know that he has not and will not raise taxes on the middle class. Like Mitt, the Republican party is counting on you to NOT do any research of your own, to believe their TV ads, and to believe that he is the champion for the middle class. They are counting on you to forget that Mitt has campaigned for a full year on policies that are anti-middle class and pro-millionaire. They are counting on you to forget that, at the debate, he did yet another 180 on what he actually stands for. Mitt the mystery. Mitt the governor, under whom Massachusetts fell to 47th in job creation (there's that number again...) They are STILL playing the TV ad which says that the unemployment rate is 8.1, when we all know that the national rate is now 7.8%. In Ohio, the unemployment rate is even LOWER. Funny how their ads, aimed at Ohioans, don't mention that....

shucks

Good observation, coasterfan.

mikel

coaster says- "Besides, we've already had Obama for four years, and we quite obviously know that he has not and will not raise taxes on the middle class."

i know you wrote this but please tell me that you don't really think this is a true statement!

Contango

coasterfan writes:

"...will not raise taxes on the middle class."

The payroll tax cut will 'not' be extended in '13. So YES he "will."

The 'true' U.S. projected unfunded liablity (debt) has been calculated at $211 T.

We would need to raise taxes 35% on EVERYONE and cut spending by 35% just to begin to break even.

It's NPR so it's safe for liberals to read:

http://www.npr.org/2011/08/06/13...

FORWARD SOVIET!

Randy_Marsh

"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

— John Maynard Keynes (Keynesian Economics)
The Economic Consequences Of The Peace
Obama is a Keynesian when it comes to economics, In effect by using the inflation tax he HAS raised the bar for middle america and will leave us completly broke.

the office cat

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

the office cat

But MODERATORS will allow others on here to continue to call the President a Nazi and other even worse names AND insist he should have been aborted...

The Big Dog's back

With mitt firng all these people, including Big Bird, if he wins, how is he going to add jobs? Repub math, a comedy.

Contango

A great analysis of the unemployment report -

"If it's too good to be true, then it probably is."

http://www.zerohedge.com/news/20...

FORWARD SOVIET!

the office cat

Which is why we ignore such elitist bilge.

We live in Reality and know first-hand that things are improving.

Contango

@ the office cat:

"Ignore" or ignorance?

the office cat

"ignore" by choice. We look at it, read it, digest it, and decide to move on to more important arguments presented with factual background. Not everything must be incorporated.

The New World Czar

The Department of Labor is headed by...Hilda Solis...who was appointed by...well, you know the rest of the story.

The majority of the "increase" were in seasonal part-time agricultural workers. The number will stay steady through the holidays as merchants hire temporary seasonal help and then drop off by mid-January.

the office cat

So 'employment' is NOT 'employoment' unless it's full-time in a location YOU consider 'appropriate' for including in the numbers? Work - ANY honorable work - is 'employment'. Respect the worker and the work.

swiss cheese kat

The Obama Kool-aid drinkers are out in full force. Meanwhile, Obama keeps blaming the economy on George W. Bush. FOOLS.

Lamestream Media gives Obama a free pass on the economy and you fools keep drinking the Kool-aid.

the office cat

Just because we cured the Black Plague doesn't change the history of how it spread.

swiss cheese kat

Here is one for the Kool-aid drinkers.

Many of you have seen the 2007 speech in which then-Senator Obama suggested that because of racism the federal government didn’t waive the Stafford Act to assist New Orleans after Katrina. What you may not know is that 10 days before Senator Obama gave this speech, the federal government did in fact waive the Stafford Act for New Orleans. And to add insult to injury, Barack Obama was one of 14 senators who actually voted against the bill that included the provision to give supplemental emergency assistance to New Orleans. In other words, he was being dishonest and divisive, which is behavior we’ve sadly seen far too often from him in the last four years.

the office cat

Source?

sanduskysteve

So, even if this is true - what you are saying is that you will support a dishonest and divisive person in the body of Romney, but Obama should be eliminated??? I'm confused about this double-standard here.

Swamp Fox

@eriemom

Answers to your questions.
1. What in your liberal thought process are you talking about court
dockets? Answer you lack facts to refute the totality of my comment.
2. Sorry about confusing you with another far left dempcrapper, after awhile your talking points are read alike.
3. My wife and I along with my children paid for their college. We all work. I paid for my own retraining. Work at any job you can get, don't depend or wait on "free" goverment aide or the prefect job.

Government doesn't solve problems, they subsidize them.

the office cat

...but... 'any job' may not meet your U6 requirement as 'full employment'.

What PRIVATE SCHOOLSA did all of you attend... and where did you go for your 'retraining'? I ask because there are NO public or private schools not in-part funded by PUBLIC TAXPAYER DOLLARS. Even parochial schools utilize taxpayer funds. Put up or shut up.

the office cat

"Government doesn't solve problems, they subsidize them" - sez just one more heavily0-subsidized American who enjoys all the benefits we pay for but doesn't believe others deserve the same benefits.

the office cat

again, Swamp. What were those schools/retraining you paid for entirely that were not in some fashion subsized by local, state or federal tax dollars?

gilamonster

Eriemom writes-' I don't know if Boeing builds aircraft for the military. If they are then I would expect that with ending Bush's two wars we would need fewer military aircraft." and Well if we needed aircraft for the military Obama would just pass over American companies and award someone like Brazilian Embraer the contract; even the airforce had a laugh at that one. I wouldn’t expect less, after all Embraer builds T-27’s for the Islamic Revolutionary Guard. Obama the same man that criticized Bush and pushed for fair bidding on contracts over $25k; say it isn’t so. You know like that whole experimental small pox vaccine contract going to his buddies at Siga Tech; a company that’s backed by Ron Perelman (billionaire and one of the largest Obama and Democrat party donors) the other poster was correct; both parties are the same, backed by rich and powerful. Ohh but Obama cares for me he’s got that there “D” next to his name…derrrr. The job rate is much better, passed the temp service on way to work Friday; people lined up outside the building for day-labor jobs.Before long there will be a Volt in every driveway and mandatory six weeks vacations.............

Darwin's choice
goofus

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

sanduskysteve

Unbelievable that after this past year we are still going to refute climate change as real. You have got to be kidding me. There is nothing in history that suggests that the weather of the past couple of years is not changing - and it is not cyclic either. The excuse of more snow in certain areas is not proof of anything except warmer weather generating the snow. If you are, and you should be, familiar with lake effect snow - you would understand it happens more when it is warmer than colder. If you wish I'll explain why that is.

the office cat

LAWDY lawdy yall still are spouting, getting meaner and calling more names, just because you can't argue logically or honestly.

You can't even tell yourselves the truth!

1. ALL SCHOOLS AND COLLEGES receive direct or indirect taxpayer (public) support.
2. You drive on PUBLIC-PAID roads, walk on PUBLIC-PAID sidewalks (your assessment only paid a portion of the cost), rely on PUBLIC-PAID law enforcement and fire protection, drink PUBLIC-PAID clean water, even have your excrement cleansed in PUBLIC-PAID wastewater treatment plants, have received PUBLIC-SUBSIDIZED health care (even though you don't realize it), have all your wealth PUBLICLY-INSURED wherever it's deposited, AND (this is a big one) you anticipate and defend a fully PUBLICALLY-FINANCED military.
And most likely, when your sorry bones are laid to rest, it will be by a PUBLICLY-REGULATED mortician who will put you in a box and vault that are controlled by PUBLIC RULES and transport you on PUBLIC HIGHWAYS to a final hole in the ground dug and filled to PUBLIC REGULATIONS - many of you in a PUBLIC CEMETERY where the cost for that plot of ground will be less.

Even Paul Ryan's 'moral compass' Ayn Rand applied for and received Social Security.

Contango

@ the office cat:

You are correct; all loyal comrades are beholding to the State.

FORWARD SOVIET!

anthras

office cat, I do think you are wrong. Hillsdale College in Michigan does not accept federal, state or local tax dollars. I would have to think also that of all the colleges in the country if Hillsdale operates in such a manner that there are other colleges that do also. They do not accept government aid as they do not wish to have someone dictate to them what and how to teach

mikel

anthras - you are right about that. just have to overlook the fiction that comes out of cats computer. she thinks she knows more than he does.

the office cat

Hillsdale College, which was a major player in the founding of the Republican Party, is located on property allocated to it by the State of Michigan.
While it's students are told not to bring state- or federally-subsidized loans to campus, Hillsdale encourages students for whom personal finances and Hillsdale scholarships are not sufficient to seek personal/private loans and lists a number of banks which are FEDERALLY-insured depositories and lenders.
Hillsdale DOES allow athletes to utilize NCAA scholarships - which are public non-profit organization funds derived from member (many public) colleges and universities.
While Hillsdale does not file the federal paperwork for students to obtain federally-insured grants, Hillsdale does offer students similar paperwork. Any student loan is federally insured - but what Hillsdale doesn't 'know' can't affect its refusal to answer to the federal government.
Hillsdale is accredited by the North Central Association which derives a portion of its grants and funds from member institutions - mostly public.
We also should note that prior to its 2001 and 2010 rulings by the USSC, several of Hillsdale's building were in part subsidized by state and federal dollars
If you want to call me names or insist I'm uninformed, you should research your information first.

Contango

.

the office cat

Contango... I really need your definitionn on 'trolling'. Are we talking fishing or the monsters under the bridge or...?

Contango

@ toc:

Are you seeking to actually engage in dialog or are you merely seeking to be a provocateur?

The definition of an Internet troll is fairly clear.

the office cat

actually to engage in well-thought conversation and ideas backed by something other that myriad statistics.
The fact remains we are well-situated individuals with differing ideas of our rsponsibilities in utilizing our 'situations'. One likes to count 'my money' while the other looks for ways to utilize monetary blessings to be a blessing. I'm glad I'm the latter.

sanduskysteve

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

goofus

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

the office cat

GOOFUS... what exactly is a troller? If you;re gonna name-call cuz you haven't got facts and logical opinions you should at least give your definitions.

the office cat

looked it up. "purposely antagonizing other people".
So... reminding many of you that you live extensively off the TAXPAYER DOLLAR is antagonizing to you? I understand.

But I also note that calling someone a 'troll' is the habit of "a pathetic and moronic person". Thus name-calling is against the rules and grounds for deletion.

Contango

@ the office cat:

50% of U.S. debt is held by foreigners; guess they're helping us to live beyond our means too huh?

It won't be long until the interest on the U.S. debt reaches $1 trillion annually.

In 2011 it was only $454 billion, but it's growing exponentially.

the office cat

And how much is held by US in the form of Tbills, bonds, commercial bonds, construction bonds....

The Big Dog's back

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

Darwin's choice

"snip, snip" Big Dog.............

Darwin's choice

Obama supporters, how about this.....http://patdollard.com/2012/09/in...

the office cat

Really? Pat Dollard?

The Big Dog's back

So winnie (contango) calling people trolls, soviets, and assorted other names doesn't get his posts removed. Sounds FASCIST to me.

Swamp Fox

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights) and Personal information.

mikel

swamp fox - good statement.

the office cat

I will keep it even simpler for you. I'm at a higher level too. I have two friends who graduated from Hillsdale - utilizing "our (parents') own dollars". Those "dollars" grew in insured annuities, in FDIC accounts, in FSLIC deposit accounts, in 401K accounts and in some wise property and stock investments - also insured and taking advantage of decisions by the Federal Reserve.
So unless you foolishly kept your cash in the mattress, your educations were subsidized... as were the literal roads to college.

Obamatron

Chancellor Obama is displeased.
Swamp Fox is trying to explain to you that he/she paid the taxes, so he/she funded those schools and roads.
The Chancellor feels that you are not making any form of counterpoint whatsoever, let alone an adequate one.
The Chancellor hopes that his blogger-in-chief (that would be me :) does not have to return to elaborate further.

the office cat

Swamp Fox is ignoring that many others of us also paid the taxes the paved his/her way to the 'independent' college. I do wish Swamp Fox would read the Supreme Court ruling about Hillsdale College....

Obamatron

Removed by Obamatron, reason: no longer relevant

Sarah Weber

@Obamatron

I reviewed and restored your comment. I think the moderator who took it down did so because of our policy against name calling and picking fights with other users. I do not think your comment crossed that line.

Obamatron

I try to make points but, moreso, to entertain. I will, however, try to be more careful.
P.S. Chancellor Obama will remember your grace : P

the office cat

SArah... you need to spend your time reporting - for which you are paid but of which you do so little. So YOU are the judge of what constitutes name-calling...

mikel

i keep my millions there so the feds can't tax it again!!! bahaha

anthras

office cat, I was just wondering where does the government get all the money to do all the things that you are telling us that they do????????????

the office cat

Taxes... how else would you have any government finance its services. It's the Constitution.

anthras

I have annuities and they are not insured, I have a 401k and it is not insured, I own stock and it is not insured I own rental property and it is insured via the policy that I am billed for and pay.Where do you buy the annunities, 401K's and stock that is insured by the government as I would like to buy some.

the office cat

All deposit accounts are insured.

Contango

Many if not most retirement and investment accounts are insured using self-funded insurance programs paid with premiums. They are NOT backed by the full faith and credit of the U.S.

Market values of course are 'never' guaranteed.

John Harville

Isn't a 401k a government-established investment account? Just asking. My money's offshore.

John Harville

BY LAW (that would be federal involvment) ALL 401k accounts must be insured by a private plan..

Sarah Weber

I reviewed your comment, Swamp Fox, and the problem is the last sentence. Please feel free to repost without the name calling.

mikel

just wondering what i have to do to get sarah to tell me why they took down my post on page 3.

the office cat

Call her with a story suggestion. She'll tell you how busy she is covering the islands and 15 counties and 30 school boards - when really she seems to be eatiing cheetos and pontificating on who is worthy.

coasterfan

Wow. Can't believe conservative conspiracy theorists are at it again. Anytime stats show that Obama's policies ARE working, in their eyes, it simply must be a conspiracy. Rolls eyes...

Fact #1: Republicans have blocked Obama's appointment of committee head that would oversee the process of compiling monthly unemployment statistics.

Fact #2: Since the appointment has not yet been made, independent economists are doing the job.

Fact #3: These are the same independent experts who have been handling the job for many, many months. Clearly, if they had partisan motives, it would've shown up previously. If anything, we saw just the opposite: in July and August, they actually UNDERestimated the amount of improvement, hence the retroactive updates, which now show bigger gains in both months.

Fact #4: Republican conspiracy nuts NEVER complained until the September jobs report, which made it obvious (to even the severely boneheaded) that unemployment/economy IS definitely getting better. Until then, they were happy to quote stats from these same economic experts as Gospel.

Fact #5: Nearly a full week after the new unemployment rate of 7.8% was announced (it's even lower in Ohio), Republicans are still airing a TV commercial stating that the rate is 8.1%. Luckily, their misinformation doesn't make the truth any less true....

Contango

@ coasterfan:

How 'exactly' are Pres. Obama's policies "working"?

Other than more borrow, print, tax and spend, spend, spend, what 'exactly' are Mr. Obama's policies toward employment?

Looks more like Fed Chairman Bernanke's policies of quantitative easing (money printing) are modestly working.

He said at Jackson Hole in Aug. that the Fed was responsible for 2 million of the jobs.

the office cat

Woman came into the office Monday for a yard sign, saying, "the President saved my job." She had been a laid-off auto worker.
You can't imagine what our area would look like as a rust belt - unless you travel into Pennsylvania.
418,000 workers RETURNED to work in September... of course you are among the group who only want to count full-time (37 hr/wk) employees as 'workers'.
This still is Bush's recession - as was said recently, "just because we cured the Black Plague doesn't erase the history that it was caused by rats."

Obamatron

The Chancellor is, once again, displeased with the office cat.
The impending economic collapse is a result of credit expansion, point blank.
You need to make it clear as to precisely how it is the Republicans' fault that the Democrats had no choice but to push massive credit expansion as a key component of their party platform.
To continue going on about the wars which Reid, Pelosi, and Chancellor Obama all voted to continue funding and which the Chancellor, himself, has expanded as President...is of no use.
The wars are clearly essential to the Chancellor. If they were not, he would have refused to sign NDAA and cited, as his reason, that the Republicans had slipped potentially tyrannical powers, over U.S. citizens, into the Act.
I question whether you truly understand our Chancellor.

the office cat

The past economic collapse was a result of willy nilly deregulated credit expansion by the former administration and the 12-year Republican-Controlled House and Senate.
The Chancellor also needs to cite specifics in said Democrat platform.

Obamatron

---> im·pend·ing
2. imminently threatening or menacing:
---> im·mi·nent
1. likely to occur at any moment; impending:
---> like·ly
2. seeming like truth, fact, or certainty; reasonably to be believed or expected; believable: a likely story.

I do not refer to the recession. I refer to the fiscal cliff which is not, by any means, certain to cause an economic collapse (though, impending is still a suitable term).
For instance, the Dollar would not collapse if we could convince the entire world to convert to it. (It is, after all, the Reserve Currency of the world, regardless of what China's and Russia's BRICS group would like to do about that). We could, then, print as much as we want without the value plummeting against competing currencies as there would no longer be any competing currencies.

mikel

actually, puttytat, the economic collapse was started because of the foolish decision of one of your saviors, slick willy. the prez who felt it was in the best interest that EVERYONE regardless of income level be able to purchase a home. this lead to the collapse of fannie/freddie which ironically is run by democraps. see the pattern?

the office cat

Didn't President Clinton have a REPUBLICAN house and senate during his tenure? Actually, that was part of Newt's Contract on America.

mikel

here is an even better one puttytat. a small business owner came into my business the other day and said he wanted a sign that says prezo wants to raise my taxes so we can feed the lazy!! so, we made him one! yeah, thanks to prezo i got a job. who said prezo is worthless??

EZOB

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

the office cat

Again with the Oprah support... She's trying to save a network. She stated publicly she still is supporting him personally and financially.
Listen to ALL that Bill Maher said... oh but then you couldn't make the comments you made.
AGAIN WITH THE HITLER REFERENCE.

mikel

just wondering why all of the blabbering dems aren't all over oprah for making $150+ million last year like they are on top of ceo's.

the office cat

...because whe wasn't subsidized by government abatements, incentives and 0% taxes?

mikel

oh, puttytat, here is some of YOUR own thoughts. her money was insured by the fed. her car was driven on roads paid by the fed. her building loans were backed by the fed.......get the pic? again, those are some of your points from previous posts. so, using your theory, she is a moocher off of the fed gov't.

Swamp Fox

coasterfan one question. The Labor Department's own statistics is based on 150,000 new jobs each month just to keep even with population growth.
How does 114,000 new jobs then equal a decline in unemployment of 0.3 ?

Contango

@ Swamp Fox:

See how the numbers were calculated:

http://online.wsj.com/article/SB...

Randy_Marsh

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights) and Libel and defamation.

reese

I think it is interesting that so many are focused on "how the numbers were calculated".

If the numbers are being calculated from month to month over years, comparing the outcome of those calculations will show a trend of what is happening in our economy. I have seen no firm data about what the reason is that people are dropping out of the workforce. It could be for many reasons, such as, deciding to go back to school to attain better skills, retirement, illness, giving up,etc.

Swamp Fox

ally feline your latest left wing rant"Those "dollars" grew in insured annuities, in FDIC accounts, in FSLIC deposit accounts," You do realize that the FDIC insurance only protects the account if the bank fails, not the success of any investment. It has nothing to do with how the money was EARNED that was placed in the account. As for the FSLIC it was bailed out three times in the 80's by the taxpayers when in was declared insolvent was abolished in the late 80's. Typical democrapper wants the government to control and "help" us and can't stand when people succeed without the freebie government handouts. I really hope I kept it elementary enough for you to comprehend....

Your other rant"deregulated credit expansion" you mean like the housing collapse pushed by good old Barney Frank (D) and his buddy Chris Dodd (D) and then they both profited from their congressional actions...

I smell something amiss in the kitty litter box...

the office cat

Actually I was speaking of the housing bubble burst promulgated by 12 years of Republican control of House and Senate.

the office cat

I was robo-polled yesterday. Each policy question was followed by a multiple-choice of 1. Obama 2. Romney 3. Another candidate.
"Obama".. question repeated "Obama" question repeated "Romney". next question "Obama" repeated "Obama" repeated "Obama". next question "Obama" repeated "Obama" repeated "Another" . next question "Obama" question repeated "Romney". next question "Romney".
"Thank you for your responses."

the office cat

I am SO GLAD new polling shows Romney closing or leading. Now complacent Ds and Is know they have to vote. The Romney surge is likely the worst thing that could have happened - for ROMNEY and downticket Republicans - especially in our county.

The Big Dog's back

You'd think these right wingers would be upset with Rmoney. Last week he showed up at the debate a LIBERAL. No tax cuts for the rich, agreeing with most of Obamacare, having LIBERAL ideas on job creation. Yep, mitt the LIBERAL.

the office cat

MODERATOR. I thought name-calling was against the 'rules'.

mikel

bbboooooohhhhhhhhooooooo

the office cat

heeeeeeeeeeeeeyyyyyyyyyyyyyyy! You're the one crying because the moderator took down your comment. I just thought rules should be applied consistently - in line with the 'rules'.

Swamp Fox

If the liberal can't argue the facts they attempt to censor them, how typical of the left....

the office cat

Tis difficult for us Liberals to engage in a battle of facts with the unarmed.

the office cat

Tis difficult for us Liberals to engage in a battle of facts with the unarmed.

John Harville

so nice you said it twce!

Contango

@ the office cat:

Good that the "President" saved her job.

Unfortunately for the bureaucrats the Market will ALWAYS trump politics.

But I ain't buyin' another GM and I never owned Chrysler.

So what new GM or Chrysler are you drivin'?

sanduskysteve

I drive a Jeep, made in Toledo Ohio. Funny though that Swamp Fox would say something like he did. When the right can't argue facts, they generally change the subject to something else. Personally, I'd rather censor them - it's much less noisy that way and I don't have to listen to their lies over and over and over again.

Contango

@ sanduskysteve:

Chrysler only bought AMC for Jeep. Now it's a 'nice' Italian co. You should read how Fiat is goin' broke in Italy.

"Censor"? But of course; authoritarians (Nazis, Communists, etc) hate free expression of opinion.

John Harville

AMC... Romney's auto company... right?

mikel

it is interesting that the lefties on here continously bash toyota, honda etc. although they have factories in america, the money is going back out of america, they argue, yet they brag that they are buying jeeps made by chrysler owned by fiat which, in case they don't know it, is a foreign company. which, happens to still owe the american gov't $$$millions$$$. ahhh, the life of a dem which just steps from bucket of pooh into another bucket of pooh trying to argue their point.

Contango

@ mikel:

Fiat tried twice to break into the U.S. and left with their tail between their legs each time.

Now they're trying for a third time. Have you seen their little toy cars?

I read where one Fiat plant in Italy is running at less than 25% capacity.

Their unions are so strong that they can't fire anyone.

If you like European-style economic stagnation, you'll love Obama's America!

As was said in the old Soviet Eastern Europe: Socialism makes us all equal; equally poor.

FORWARD SOVIET!

phroggy

I don't know a single person who is unemployed... unless they've chosen to be. Of course, in Sandusky, that's pretty much the norm. See, the whole idea is to be a complete low life and suck up as much of MY money as they can. Democrats: the plight of the country.

Swamp Fox

I think its great that sandusky stevie owns and drives a car that is manufactured by a company owned by a foreign company but was bailed out by U.S. taxpayers, want to change the subject now stevie?

Contango

See Part II of the future that the Democrats have in store for the U.S.:

http://www.youtube.com/watch?v=A...

the office cat

Ah yess.. Social Security-collectin Ayn Rand on whose philosphies Paul Ryan bases his entire existence and economic outlook. Good reference!!

Contango

@ toc:

She probably paid income tax and maybe received refunds - so what?

Was Ms. Rand 'forced' to pay into the socialist Ponzi scheme? Is there sumpthin' wrong with gettin' one's money back from govt. kleptocrats?

Like or dislike Ms. Rand; it doesn't change the fact that in an economy this large and complex that big govt. central bureaucratic planning and control doesn't work and eventually breaks down.

See: Soviet Union for one.

FORWARD CHOOM GANG!

John Harville

So... Ms Rand was 'entitled' to her SS?

mikel

it is interesting to watch prez o's commercial slamming romney's time at bain capital and the "supposed" jobs that went to china. however, let's review some FACTS: 1. prez o's job czar, and responsible for creating jobs in america, is the ceo of ge. 2. ge pays $0 in taxes to the fed gov't. 3. ge is one of the biggest exporters of jobs to china than any other company. so, in theory, prez o is a supporter of exporting jobs to china!

Contango

@ mikel:

"Despite Criticisms, Obama's Investments Share Similarities with Romney's":

http://www.weeklystandard.com/bl...

Let's also review the fact that public employee pension plan trusts invest hundreds of billions of dollars with private equity and hedge funds.

Public employee pension trusts also invest hundreds of billions of dollars in foreign companies.

Where's their sense of patriotism? Shouldn't the Dems force them to only invest in the U.S.????

Gotta love the socialist hypocrisy.

FORWARD SOVIET!

Contango

Is the Obama campaign receiving illegal foreign donor contributions?

http://abcnews.go.com/blogs/poli...

As part of the Obama Media Group (OMG), ABC wouldn't report lies would they?

It's very important that Pres. Obama be re-elected isn't it? I guess the end justifies the means huh?

FORWARD CHOOM GANG!

Contango

Oops! U.S. troops in Jordan.

Mr. Obama's worried about the Syrian WMD with the "Made in Iraq" stamp on it.

Has the Nobel Committee asked for their hastily given Peace Prize back yet?

http://news.yahoo.com/panetta-us...

FORWARD CHOOM GANG!

Swamp Fox

confused feline says"The past economic collapse was a result of willy nilly deregulated credit expansion by the former administration and the 12-year Republican-Controlled House and Senate." Wasn't it Barney Frank (D) and Chris Dodd (D) who ran amuck with the housing collapse by their legislative action forcing Fannie & Freddie to make guarantee high risk loans and then profited from them. Seems like you are getting a little confused with the facts. I can understand its so rare when you have any real facts...

John Harville

Oooo. smack down the kitty!

Contango

the office cat writes:

“Tis difficult for us Liberals to engage in a battle of facts with the unarmed.”

Like most Progressives you've confused fact with opinion.

Besides, Liberals like all authoritarians rely on guilt and the fear of force in order to help propagate their kleptocrat Ponzi schemes.

FORWARD SOVIET!

Mime Bloggling's picture
Mime Bloggling

“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.”
― Thomas Sowell

John Harville

Sowell... isn't he the one adopted by his aunts because his mother could't afford him with four older siblings... then live much of his youth off 'the system'?

yo guys are fun

Swamp Fox

Governments own statics for the last 4 years,
Job Growth-(-0.7%)
Food Stamps-(+65.2%)

Funny didn't see this in any of the messiah adds, he did promise change,I guess the truth will set us free from the regime....

John Harville

"...the last four years..." back to the Great Collapse Of Sept/Oct 2008 Yes?

John Harville

Remember hw all the guys 'gettin' some' usually aren't?
And all the 'well-endowed' guys who were proved wrong in gym class showers?

I've found it's pretty much true with people and wealth - the more they talk about it, the less they really have. That said, it's likely I can 'buy' all of you.

John Harville

Among the 'wealthy' are TAKERS and GIVERS and AVOIDERS.
TAKERS find every way possible to guard their wealth while looking for more.
GIVERS find possible ways to help organizations and individuals who need help - realiziing that wealth is, in the end, a gift to be shared.
AVOIDERS pride themselves on giving enough to reduce tax obligations or make headlines - but only to the extent that it will not deplete their 'wealth'.

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