Jobs report: Economy added 96K jobs in August

[Colilluminati]

I don't think Romney's money is going to matter.

 

[Dusty Bake Activate]

People doing their best 2008 TheMechanic impression in this thread.

 

[Mike Otherz]

god damn you nikkas are more pessimistic than young money fans after lil wayne dropped dedication 4

what did y'all think the jobs report was gonna be??? did the DNC conventions REALLY whip up this kind of frenzy

this is why y'all failed in 08, obama made y'all feel good, y'all thought reality was changed through voting and then nikkas chilled

No. This shyt takes time. And substantial changes on multiple levels. The fact that we're expected to check every jobs report should let you know how trapped you are by the other sides way of thinking.

this is a good point. like, we have too many instant experts. they was sh!tting on Obamas speech and i was like, we don't even know yet how that ish played out to the rest of America, and these rant a pundits was already simon cowling this ish after 2 seconds. instant gratification. Obamam got my vote though, Romney is a nightmare scenario.

 

[Tony D'Amato]

Yeah, you negros are disgusting. Im sure if Mitt just cut taxes, UE would fall within months.

The GOP is worse than Bin Laden. Obama should classify them as a terrorist organization and drop dem thangs on every red district he can. Wishful thinking

How can they tank the econmy, the recovery and then be this close in the election?

 

[kingofnyc]

Not after Team Romney and his Super PACs blanket those swing states with ads explaining it.

People don't realize how much money they're about to drop in those states.

last I heard... da number of undecided voters are @ 3%
which is bad news for Romney cause outta da 10 toss up states Obama is leading in 8 of them

 

[tru_m.a.c]

this is a good point. like, we have too many instant experts. they was sh!tting on Obamas speech and i was like, we don't even know yet how that ish played out to the rest of America, and these rant a pundits was already simon cowling this ish after 2 seconds. instant gratification. Obamam got my vote though, Romney is a nightmare scenario.

I'm saying!

Folks expect the economy to change like the stock market

1. thats ridiculously impossible
2. thats dangerous

you want solid long term gains...Obama is trying to build a foundation for the democratic platform to eat off of for decades.

300k ppl lost jobs and romney turns that shyt into a tagline

 

[Broke Wave]

Man shut the fukk up brehs


Mitt Romney has NO JOBS program... and the cats out of the bag on tax cuts creating jobs... Mitt has to explain to the American people why tax cuts for the rich will create millions of jobs, he has to explain why it didn't work for Bush. AND the rate dropped .2, which is all that matters.


You dudes have to understand all a Pres can do about the economy is influence the Fed (Who are keeping rates at historic lows) and push for bills... Obama can't get a single bill passed in this congress so IDK what to tell you.

 

[KingpinOG]

August Jobs Report: U.S. Economy Adds 96,000 Jobs; Unemployment Rate Falls To 8.1 Percent

LOL! MSNBC is going to really have to work hard to spin this one!

Who cares about jobs??? Giving exciting speeches is way more important!!!

 

[SAJ!!]

Who cares about jobs??? Giving exciting speeches is way more important!!!

Just like dissing the troops is?

 

[acri1]

Man shut the fukk up brehs


Mitt Romney has NO JOBS program... and the cats out of the bag on tax cuts creating jobs... Mitt has to explain to the American people why tax cuts for the rich will create millions of jobs, he has to explain why it didn't work for Bush. AND the rate dropped .2, which is all that matters.


You dudes have to understand all a Pres can do about the economy is influence the Fed (Who are keeping rates at historic lows) and push for bills... Obama can't get a single bill passed in this congress so IDK what to tell you.

This.

The Republicans' current strategy is to block EVERYTHING (even if it's something they themselves originally proposed) that could help the economy and to try to keep unemployment as high as possible, in hopes that the voters will blame Obama (and the Dems) in November.

It's messed up that they care more about winning the election than helping the economy, but not at all surprising. The strategy will probably work too.

 

[KingpinOG]

This.

The Republicans' current strategy is to block EVERYTHING (even if it's something they themselves originally proposed) that could help the economy and try to keep unemployment as high as possible, in hopes that the voters will blame Obama (and the Dems) in November.

It's messed up that they care more about winning the election than helping the economy, but not at all surprising. The strategy will probably work too.

So what are the Democrats brilliant plans to create jobs? What specifically are the evil Republicans blocking?

 

[88m3]

Real unemployment is in the 20-30 range so this is all a moot point.

 

[acri1]

So what are the Democrats brilliant plans to create jobs? What specifically are the evil Republicans blocking?

5 Ways Republicans Have Sabotaged Job Growth

By Jeff Spross on Jul 6, 2012 at 12:45 pm

New numbers released today by the Bureau of Labor Statistics show that the economy added a mere 80,000 jobs in June. That’s down from an average of 150,000 jobs a month for the first part of the year, and far too little to keep up with population growth.

Republican intransigence on economic policy has been a key contributor to the sluggish recovery. As early as 2009, Republican fear-mongering over spending and their readiness to filibuster in the Senate helped convince the White House economic team that an $800 billion stimulus was the most they could hope to get through Congress. Reporting has since revealed that the team thought the country actually needed a stimulus on the order of $1.2 to $1.8 trillion. The economy’s path over the next three years proved them right. Here are the top five ways the Republicans have sabotaged the economic recovery since:

1. Filibustering the American Jobs Act. Last October, Senate Republicans killed a jobs bill proposed by President Obama that would have pumped $447 billion into the economy. Multiple economic analysts predicted the bill would add around two million jobs and hailed it as defense against a double-dip recession. The Congressional Budget Office also scored it as a net deficit reducer over ten years, and the American public supported the bill.
   
   
2. Stonewalling monetary stimulus. The Federal Reserve can do enormous good for a depressed economy through more aggressive monetary stimulus, and by tolerating a temporarily higher level of inflation. But with everything from Ron Paul’s anti-inflationary crusade to Rick Perry threatening to lynch Chairman Ben Bernanke, Republicans have browbeaten the Fed into not going down this path. Most damagingly, the GOP repeatedly held up President Obama’s nominations to the Federal Reserve Board during the critical months of the recession, leaving the board without the institutional clout it needed to help the economy.
   
   
3. Threatening a debt default. Even though the country didn’t actually hit its debt ceiling last summer, the Republican threat to default on the United States’ outstanding obligations was sufficient to spook financial markets and do real damage to the economy.
   
   
4. Cutting discretionary spending in the debt ceiling deal. The deal the GOP extracted as the price for avoiding default imposed around $900 billion in cuts over ten years. It included $30.5 billion in discretionary cuts in 2012 alone, costing the country 0.3 percent in economic growth and 323,000 jobs, according to estimates from the Economic Policy Institute. Starting in 2013, the deal will trigger another $1.2 trillion in cuts over ten years.
   
   
5. Cutting discretionary spending in the budget deal. While not as cataclysmic as the debt ceiling brinksmanship, Republicans also threatened a shutdown of the government in early 2011 if cuts were not made to that year’s budget. The deal they struck with the White House cut $38 billion from food stamps, health, education, law enforcement, and low-income programs among others, while sparing defense almost entirely.

There have also been a few near-misses, in which the GOP almost prevented help from coming to the economy. The Republicans in the House delayed a transportation bill that saved as many as 1.9 million jobs. House Committees run by the GOP have passed proposals aimed at cutting billions from food stamps, and the party has repeatedly threatened to kill extensions of unemployment insurance and cuts to the payroll tax.

According to the Congressional Budget Office, those policies — the payroll tax cut, food stamps, unemployment insurance, and discretionary spending for low-income Americans — have the highest multipliers, meaning more job boosting potential per dollar.

5 Ways Republicans Have Sabotaged Job Growth | ThinkProgress


But hey, it's worth keeping people unemployed as long as Obama loses, right?

 

[Dusty Bake Activate]

Man shut the fukk up brehs


Mitt Romney has NO JOBS program... and the cats out of the bag on tax cuts creating jobs... Mitt has to explain to the American people why tax cuts for the rich will create millions of jobs, he has to explain why it didn't work for Bush. AND the rate dropped .2, which is all that matters.


You dudes have to understand all a Pres can do about the economy is influence the Fed (Who are keeping rates at historic lows) and push for bills... Obama can't get a single bill passed in this congress so IDK what to tell you.

A lot of these dude just don't pay attention. Everybody knows the economy is sluggish. The people who aren't staunch Dems or Repubs, or aren't voting for some superficial reason, and are voting based on the economy already know it's sluggish. They're looking for who has the better vision going forward. A weak jobs report or 2 or 3 near the election isn't going to tip 7 or 8 swing states that Romney is trailing in to his favor.

The debates are going to get real ugly. Obama wins on both swag and substance. It's going to be Mayweather vs Hatton II.

 

[Darth Nubian]

Obama wears a teflon vest made by republicans. The republicans should have worked with the Pres at the beginning. It would have been a win/win situation. Pres succeeds: Repubs could share success/distance themselves a little further from intolerance. Pres fails: We tried but we treated him fairly and it didn't work out/distanced themselves a little further from intolerance. Instead they choose to make the first black pres public enemy #1, oppose their own policies when the pres introduces him, claim he is foreign/socialist/marxist/etc. They basically handed him the excuse of blaming his opponents for his failures. A behavior that is commonplace and resonates with the American public at large. The die has been cast and this election isn't about the economy. If it was Obama would have pulled a LBJ. Most of the electorate feels like neither party can fix the economy. This election is about who people believe identifies most with them, who they believe is looking out for them. Is it Romney or is it Obama.