Employment Up, Dow Up, Economy Up, Obama Derangement Syndrome Up
The Dow has cracked 17,00o and seems to be continuing its rise. Almost 300,000 jobs were added in June, greatly beating expectations, and the unemployment rate is down to 6.1%. Please tell me what this president has to do to not be regarded as the “worst president since World War II“?
The United States was in the tank at the end of 2008. Folks’ 401k’s were tumbling each time a browser was refreshed. We were losing soldiers in Iraq. Millions of Americans who now have health care, didn’t.
Does Barack Obama have to join the Republican Party? Emphasize more that he’s half-white? Make believe he’s a fan of NASCAR and Duck Dynasty? No, really, what is it? What does he have to do? Write something in our comment section in case the NSA is reading this so they can pass it on to the White House.
R.J. Carter July 3rd, 2014 at 11:29 am
Not just at the end of 2008, Alan. 2012 and 2013 weren’t all that rosy, either.
arc99 July 3rd, 2014 at 12:18 pm
It is fascinating that the Republican argument is like a guy who comes along with bricks and breaks every plate glass window on the block. Then stands around and criticizes the people making the repairs for taking too long.
2012 and 2013 were a heck of a lot rosier than 2008. it took President Obama an unusually long time to clean up the economic mess left by his predecessor.
so noted.
Billy Jackson July 3rd, 2014 at 12:20 pm
Not to mention he’s had a Congress hell bent on sabotaging everything he tries to do.
R.J. Carter July 3rd, 2014 at 12:28 pm
It took him that long also to destabilize the stable Iraq he “inherited.”
arc99 July 3rd, 2014 at 12:43 pm
Yes it did also take awhile for the President to make the decision to not risk hundreds more American lives and spend hundreds of billions more in taxpayer dollars trying to fix the signature catastrophe of the previous administration, and arguably the greatest foreign policy blunder in the history of our republic.
No argument…
Abby Normal July 3rd, 2014 at 12:59 pm
When was Iraq stable? Do you know when Iraq was stable? It was stable before Bush, Cheney and Company invaded the place looking for WMD that didn’t exist. Before we lost 4,000 lives and went $3 trillion in debt paying for a war that should never have been fought.
The Middle East was a lot more stable then as well. Iran and Iraq were bitter enemies.
Then Dick Cheney and his ventriloquist dummy Little Bush went crashing into Iraq because, “Saddam tried to kill my dad.”
Bush and Company were so excited about their new war in Iraq they took their eyes off Afghanistan and lost any momentum we had there. Obama inherited two wars that were all screwed up.
Abby Normal July 3rd, 2014 at 12:50 pm
2012 and 2013 were a whole lot rosier than 2008 when the economy was on the verge to total collapse. Think about that a minute. Total collapse. That’s worse than the Great Depression. And that’s what we were looking at when Bush left office.
Dwendt44 July 3rd, 2014 at 3:51 pm
The Bush recession would have easily been a Great Depression had it not been for those evil Democratic ideas like Social Security, Medicare, unemployment, food stamps, etc.. and those horrible union demanded things like pensions, paid insurance, etc…
Add in forced savings like IRAs, 401K, and Roths, and we didn’t see soup kitchens, mass homelessness, etc…..
All those things Republicans want to do away with.
Maxx44 July 3rd, 2014 at 11:30 am
Everyone knows that it’s only Obama’s image on the screen in OZ. The ghosts of our Lord and Savior Sir Ronald, Trickie Dickie, and the living Bushies are behind the curtain manipulating the levers. Where have you been, Alan?
KABoink_after_wingnut_hacker July 3rd, 2014 at 11:32 am
More facts you won’t hear about on Fox News. Just like when President Obama negotiated the destruction of all WMDs in Syria without firing a shot…not peep…curious. You’d almost think they had an agenda or something.
Debra Watkins July 3rd, 2014 at 12:27 pm
What are you talking about KABoink???
The blue-chip average broke past the 17000 mark for the first time in history as traders cheered a strong jobs report.
Today’s Markets
As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 77.5 points, or 0.45%, to 17051, the S&P 500 advanced 6.9 points, or 0.35%, to 1981 and the Nasdaq Composite advanced 15.2 points, or 0.34%, to 4472.
Wall Street has a short day on Thursday, with U.S. markets closing at 1 p.m. ET. Traders, however, will have a raft of economic data to digest before they can leave on vacation.
The U.S. economy added 288,000 jobs in June, far surpassing the 212,000 jobs Wall Street expected. The unemployment rate for the month fell to 6.1%, lower than expectations it would remain at 6.3% from May. The labor force participation rate, meanwhile, remained unchanged at 62.8%.
Meanwhile, the U.S. trade deficit fell to $44.4 billion in May from $47 billion the month prior. The figure was slightly narrower than the $45 billion economists forecast.
http://www.foxbusiness.com/markets/2014/07/03/stock-futures-advance-ahead-jobs-data/
KABoink_after_wingnut_hacker July 3rd, 2014 at 2:35 pm
Fox can’t resist trying as hard as they can to cast aspersions, sow the seeds of doubt and portray this bad news.
It’s always the same on Bullshit Mountain.
http://mediamatters.org/blog/2014/07/03/fox-business-host-jobs-report-might-be-too-good/199972
Bob Waas July 3rd, 2014 at 3:02 pm
You mean how Obama wanted to bomb Syria but couldn’t get any support, so he accepted the negotiated destruction of chemical weapons championed by Russia’s President Putin?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Obama: “I understand” American people aren’t with me on Syria strike”
http://www.cbsnews.com/news/obama-i-understand-american-people-arent-with-me-on-syria-strike/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Associated Press – 7:39 AM – 10 Sep 2013
BREAKING: Syrian foreign minister says Syria has accepted Russian proposal to surrender control over its chemical weapons.
Jerry Pecks July 3rd, 2014 at 5:56 pm
I think most Americans still prefer the outcome when compared with the republican answer to all problems, which is to sacrifice young American lives in meaningless quagmires. Or perhaps it’s just that republicans like you would rather a few thousand more innocent women and children were gassed, as long as America’s proverbial d!ck doesn’t look any smaller to the world. Is that what it is, a case of nationalistic pen!s envy?Whether you chodes decide to give Obama credit or not doesn’t matter, history will. Since the majority of American academia is intelligent enough to see the right wing for the mouth-breathing, chest-thumping, cross-burning freakshow that it now is, I’d say y’all are fairly FU#%ED.
Bob Waas July 4th, 2014 at 11:11 am
Matthew 15:18
Rather than go on the attack, first read the post above mine, then read my reply. Kaboink was posting stuff that was not true.
Justin Volke V July 4th, 2014 at 3:35 am
Syria backed out and refused to eliminate all of them.
Obewon July 4th, 2014 at 10:13 pm
June 23, 2014: Halliburton Cheney weeps as Syria hands over remaining chemical weapons for destruction- http://www.reuters.com/article/2014/06/23/us-syria-crisis-chemicalweapons-idUSKBN0EY18T20140623
Justin V Posterchild “Homescholars for Perry” http://blogs.houstonpress.com/hairballs/2011/10/homescholers_for_perry_not_pho.php
Pilotshark July 3rd, 2014 at 11:49 am
Well now more good news for the country, will be more bad news for the GOP, which they will try to spin as no news.
crc3 July 3rd, 2014 at 11:57 am
The Repulsives will say the numbers are rigged. They will never credit Obama for anything good. FOX…Limbaugh…etc will never report the facts as they only know how to lie and distort. The Repulsive sheeple will remain in the dark and ignorant. Hopefully the next major event will be the Dems taking back the House and keeping the Senate. Vote in November for continued progress. Vote Democratic!!
Justin Volke V July 4th, 2014 at 3:32 am
Spoken like a true communist.
Drax21 July 5th, 2014 at 7:23 am
What?
Jake July 3rd, 2014 at 12:01 pm
Go Obama!
https://www.youtube.com/watch?v=CQBSTomBWls
But do you remember all this:
https://www.youtube.com/watch?v=xOV3iGYa1Fw
https://www.youtube.com/watch?v=NTPTmogEujY
https://www.youtube.com/watch?v=gF0SLUBflM8
Tommy6860 July 3rd, 2014 at 12:36 pm
Yea, I wonder how Rove will explain away how this imperialist is making our economy thrive.
Justin Volke V July 4th, 2014 at 3:30 am
Rove is a has been of the old guard or the Republican Party. He is the reason the tea party movement was started. Time for the old white balding big business types retire to Martha’s Vineyard.
Bob Waas July 3rd, 2014 at 3:21 pm
I wouldn’t be too quick to pop the cork on the champagne bottle, as this doesn’t translate to an improvement in the lives of the average American.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The actual unemployment rate is now at 12.1%
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“Millions see no benefit from soaring stock prices”
:The country’s wealthiest families typically have hundreds of thousands of dollars in stocks. Yet middle- and lower-class households typically have relatively small investments — if they have anything at all — leaving most Americans with little skin in the stock market game.”
http://money.cnn.com/2014/01/05/pf/bull-market/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In the United States the labor force participation rate is usually around 67-68%.
In June, the civilian labor force participation rate was 62.8 percent for the third
consecutive month. The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million.
The number of involuntary part-time workers is down over the year but has shown no
clear trend in recent months. These individuals were working part time because their
hours had been cut back or because they were unable to find a full-time job.
In June, 2.0 million persons were marginally attached to the labor force, down by
554,000 from a year earlier.
http://www.bls.gov/news.release/empsit.nr0.htm
Dwendt44 July 3rd, 2014 at 3:47 pm
While it’s true enough that the stock market often doesn’t relate to the middle class, things are still looking better all the time, despite Republican efforts to re-tank the economy with more tax cuts for the rich and tax increases for the poor and middle class.
Every proposal by Obama was shot down and the economy STILL grew. Imagine how well it would be doing if the Republicans, instead of obstructing, filibustering, and blocking, would actually work FOR the people instead of just for the rich.
Bob Waas July 3rd, 2014 at 4:28 pm
You made a lot of statements, but you didn’t provide any backup.
How are the Republicans increasing taxes for the poor and middle class?
What proposals did Obama present that were shot down?
What did they obstruct?
What did they filibuster besides presidential nominees? Keep in mind that Obama earned 4 Pinocchios for his claim that Republicans have ‘filibustered about 500 pieces of legislation’
http://www.washingtonpost.com/blogs/fact-checker/wp/2014/05/09/four-pinocchios-for-obamas-claim-that-republicans-have-filibustered-about-500-pieces-of-legislation/
Obama has a history of submitting bills that don’t get passed, so as president nothing has changed. What’s a good idea to him is not to those who make the laws.
Barack Obama sponsored 137 bills from 4 Jan 2005 until 16 November 2008. Only two became law.
fantagor July 3rd, 2014 at 4:51 pm
Semantics. A cloture vote (60 to bring to the floor for an up or down vote) is the modern filibuster (the days of long tortured speeches are over; except for Ted Cruz’s silly-buster). The WP simply ignored that fact, and for that they get 1,000 Pinocchios for bending the narrative to comport with the Republican obstructions’ holy view of themselves as crusaders against a socialist communist fascist Muslim president.
Bob Waas July 3rd, 2014 at 7:49 pm
WP said he got his Pinocchios for claiming that the GOP filibustered 500 pieces of legislature.
Would you like to provide evidence to prove Obama right and the WP wrong?
Btw. The Post leans liberal and the Washington Times leans conservative.
Justin Volke V July 4th, 2014 at 3:27 am
The reason the economy grew is exactly because it didn’t adopt any of the presidents idiotic policies. I don’t want to imagine how bad the economy would be if we passed any of it. Or how much higher the national debt would be if it wasn’t for sequestration.
arc99 July 3rd, 2014 at 5:01 pm
right wingers whine about government spending, demand cutbacks and then whine about the resulting unemployment when public sector employees lose their jobs. do you people ever take responsibility for the negative impacts of the proposals you so vociferously advocate or is this a continuation of the same rationale behind the “blame Democrats for Iraq” nonsense?
http://www.nytimes.com/roomfordebate/2013/02/06/are-government-layoffs-the-problem/government-layoffs-are-a-major-cause-of-persistent-unemployment
Since the official recovery began after the recession’s June 2009 trough, labor market weakness has been most pronounced in the public sector (and particularly among state and local employment): 5 million jobs have been added in the private sector (a disappointingly low number), while the public sector has shed 721,000 jobs.
Bob Waas July 3rd, 2014 at 8:00 pm
The reason the public sector has lost jobs is because the cities are going bankrupt. Revenue is down and long term commitments are coming due.
The 5 million jobs added haven’t kept up with the number of people entering the workforce. The work participation percentage is only around 62% and normally it should be around 67-68% Also, there are far too many part-time jobs created in that number.
Obewon July 3rd, 2014 at 6:09 pm
Only Faux news says the unemployment rate for delusional disorder paranoids is now 12.1%.
Nobody believes you Wass because birthers like you have 00.00% credibility. Here’s How Fox News Covered Today’s Awesome Jobs Report: “While Thursday’s jobs report demolished expectations and sent the country’s unemployment rate plummeting to 6.1%, the Fox News Channel noted the “real” unemployment rate was twice that number.” http://www.businessinsider.com/heres-how-fox-news-covered-todays-awesome-jobs-report-2014-7#ixzz36RhjKt5f”
http://www.businessinsider.com/heres-how-fox-news-covered-todays-awesome-jobs-report-2014-7#ixzz36RhSvwnc
“Where’s the Birth Certificates!”-Wass multiple personality Faux ID’s included 1.Forgetaboutit, 2.JulioBotz, 3.JBotz, 4. ConcernedCitizen, 5. ROC (the faux kid), 6. (ROCdad or whatever the faux dad ID was), 7 (ROC granddad or whatever the faux granddad ID was) 8. RightOfCenter, 9. Santiago, 10. Julio, etc.
Bob Waas July 3rd, 2014 at 8:20 pm
Blah, blah, blah. Mediamatters? What a joke.
The 6.1% number is not an accurate indicator of how the economy is going. If it were, Obama’s approval rating for the handling of the economy would be a lot higher. He has been rated as the worst president since WWII.
Try CNBC – http://www.cnbc.com/id/101326426
Even Krugman touts the data contained in the U6 which is now at 12.1%
Obewon July 3rd, 2014 at 8:47 pm
1. “5 months of 200,000+ jobs best since 1999.”-BLS.
2. “While Thursday’s jobs report demolished expectations and sent the country’s unemployment rate plummeting to 6.1%,(BLS) the Fox News Channel noted the “real” unemployment rate was twice that number”-businessinsider vs reality “Unemployment rate plummeted to its lowest level since September 2008!”-BLS
Strike 3. 61% today are age 18-65-BLS.
All of the above facts prove why 75-85 year old Wass’ Alzheimer’s dementia leaves him echoing debunked Obama Derangement Syndrome birthers vs reality:
238 presidential scholars polled annually since 1982: G.W. Bush worst president of modern era, fifth worst in US history! http://www.rawstory.com/rs/2010/07/01/nations-leading-presidential-scholars-bush-worst-president-modern-era-5th-worst-history/ President Obama ranks 15th best POTUS by the nation’s 238 leading presidential scholars.
Justin Volke V July 4th, 2014 at 3:19 am
If the new jobs are paying less than the old jobs they are replacing it really doesn’t matter which unemployment figure you use.
The only reason the stock market is rising is because the fed is printing cheap money and loaning it at almost zero interest.
Obewon July 4th, 2014 at 4:36 am
2014 U.S. record $16 T GDP is far greater than GWB’s 12/07 to 6/09 Great Recession $12.7 T imploding GDP losing -9% APR, 9 M Jobs lost vaporizing $17 T in U.S. Assets.
“The reason the economy grew is exactly because it didn’t adopt any of the presidents idiotic policies.”-Volpe below is clueless on CBO’s proof that the Obama/Dem Stimulus created ‘6 million+ of the 10 M Private Jobs created since GWB’s Great Recession.
William July 4th, 2014 at 9:58 am
When responding to Wass-hole, you may want to consider his “sources”.
Paul July 3rd, 2014 at 6:50 pm
Funny how we never heard of this “real unemployment” number before Obama. If it IS, in fact, a thing, what was the “real” number when Bush’s policies sent unemployment from 4% to 10% in less than a year?
Jeremy Kuehnau July 3rd, 2014 at 10:54 pm
One thing he could do is work on the rising costs of everything. The economy may be getting better, but it’s looking the same from where I stand.
Sunka July 3rd, 2014 at 11:54 pm
What does he have to do? He could sign an executive order declaring the Bible to be a controlled substance available by prescription only. He could announce his endorsement of Michelle for 2016 POTUS candidate. Since he can’t please he can really piss’em off!
Denise July 4th, 2014 at 12:21 am
what does he have to do? if you worship the second amendment, he could obtain a gun and blow his brains out! that would make them very happy.
as for the 6.1 unemployed, ii is not really accurate. it is about 20% for african american teens and if you include thosr who have given up, its about 12% for whites. I am not sure how they calculate overall unemployed, but its not as rosy as they say. it takes much longer for those at the bottom of society to recover than the very top from a recession, non the less the unemployment would be better if the do nothing congress would vote on the jobs bill.
Justin Volke V July 4th, 2014 at 3:13 am
The delusion of record Dow and low unemployment flies in the face of the fact more Americans both in real numbers and as a percentage of the population are on government assistance and get food stamps or qualify for free breakfast and free lunches in public schools and that real household income has been falling at the same time. The 17 trillion nation debt continues to grow. Real inflation on staples like food and energy is three times the official rate.
Those new jobs are lower paying than the ones originally lost.
The stock market and unemployment figures are to be shamed not acclaimed because of how they are getting there.
Drax21 July 5th, 2014 at 7:15 am
Yet, when Mr. Obama urges Congress to raise the minimum wage, Republicans scream that it would hurt employment and raise prices. Meanwhile, America’s CEO’s got $27 billion in bonuses this year, because that clearly DOESN’T cost anything.
And when he asks Congress to end tax incentives for moving jobs overseas, he is met with denial. As Romney said during the 2012 debates, “I have no idea what you’re talking about.”
The President can’t give you a raise. But has and continues to push for income equality and the rebuilding of our middle class. The blame for widespread poverty in America lies squarely on the people who invented it…the Republicans.