WE NEED LOTS OF PRAYER IN THIS COUNTRY AND PEOPLE NEED TO STOP BLAMING PBO FOR THE HORRIFIC ECONOMIC DECEPTION LEFT BEHIND BY BUSH AND HIS GREED RIDDEN CRONIES! THE REPUBLICANS NEED TO GROW UP! CORPORATIONS IN THIS COUNTRY AND THE WEALTHY MUST BEGIN TO SHARE THE BURDEN IF WE ARE EVER TO GET ANYWHERE!
Morning Chips, and TOD’ers. edp4bho here at work. Looks like maybe we should not prematurely tout employment and unemployment figures before Friday reports. Seems only 18,000 new jobs created, and unemployment inched up to 9.2%. This I heard on NPR. If anyone has any better figures, swell. But economic forecasters are setting the stage for jubilation, then a let down. I’d like to know who all these prognosticators are anyway, and why they can’t seem to know what the hell they are talking about. Damn them 😀
It’s puzzling. SMH. Every major economist out there predicted a net gain of 157,000 jobs in the private sector and payroll rose from 90,000 to 110,000. Now those hopped up on coffee, running like a hamster in a wheel wallstreet types are freaking out and the DOW just dropped. According to them, we’re up , we’re down, we’re sideways. I’m just going to wait for more information to come out, cooler heads to prevail and listen to PBO if and when he releases a statement. Oh yeah and also listen to Jay Carney at the press briefing.
Hiya edp4bho, there’s no denying it, today’s jobs report is hugely disappointing, but it doesn’t change yesterday’s encouraging news, that the private sector added 157,000 jobs in June. Naturally, there wasn’t much mention of that in the media, but they’ll have a party with today’s news.
I agree, unfortunately their is a lot of money being spent to get rid if this president. The republicans have all the power bc the democrats are every man for himself mode!
It looks like when you are in the minority, your hearings don’t get televised. I was anxiously awaiting the Democratic Steering Committee hearing on the impact of a default on the economy yesterday and came up with a blank. I could not find anything on CSPAN. So far all I have is an update on Minority Leader Pelosi’s website. The link below has excerpts from prepared testimony of witnesses yesterday.
HEARING ON RISKS OF DEFAULT TO THE U.S. ECONOMY AND JOBS:
This afternoon, Leader Pelosi and the House Democratic Steering and Policy Committee are holding a hearing on how a default on the debt would impact our economy, job creation, seniors and the middle class. As Bruce Bartlett, Former Advisor to Presidents Ronald Reagan and George H.W. Bush, explains in his prepared testimony:
Indeed, there are those within the Republican Party who genuinely hope for default, believing, insanely in my opinion, that somehow or other this will benefit the American people…The point I am making is that there is a long tradition of advocacy for debt default and even repudiation among conservatives and Republicans. While once these might have been considered fringe views, it is clear that they are now mainstream among those in the Tea Party, who dominate Republican primaries and hold virtually every Republican in Congress hostage to its demands, no matter how ridiculous or extreme…
Republican political gamesmanship is putting our economy at risk and the witnesses will speak to the real consequences for the middle class. As Professor Matthew Slaughter in prepared testimony explains, “the damage facing the American labor market today, in terms of both jobs and incomes, is difficult to overstate.” Potential consequences include:
Stock prices could fall, taking a direct hit on families’ 401(k)s, pensions, and savings
Housing prices could drop and home sales could plummet
Social Security checks could be withheld and massive numbers of federal workers could be furloughed
Lower-income families would foot the bill, as interest rates rise and their debt payments increase
This hearing is the only one in the House of Representatives on this critical issue with bipartisan witnesses including advisers to President Reagan, President George H. W. Bush, and President George W. Bush:
Obama White House.gov
The Obama Diary 
WE NEED LOTS OF PRAYER IN THIS COUNTRY AND PEOPLE NEED TO STOP BLAMING PBO FOR THE HORRIFIC ECONOMIC DECEPTION LEFT BEHIND BY BUSH AND HIS GREED RIDDEN CRONIES! THE REPUBLICANS NEED TO GROW UP! CORPORATIONS IN THIS COUNTRY AND THE WEALTHY MUST BEGIN TO SHARE THE BURDEN IF WE ARE EVER TO GET ANYWHERE!
Morning Chips, and TOD’ers. edp4bho here at work. Looks like maybe we should not prematurely tout employment and unemployment figures before Friday reports. Seems only 18,000 new jobs created, and unemployment inched up to 9.2%. This I heard on NPR. If anyone has any better figures, swell. But economic forecasters are setting the stage for jubilation, then a let down. I’d like to know who all these prognosticators are anyway, and why they can’t seem to know what the hell they are talking about. Damn them 😀
It’s puzzling. SMH. Every major economist out there predicted a net gain of 157,000 jobs in the private sector and payroll rose from 90,000 to 110,000. Now those hopped up on coffee, running like a hamster in a wheel wallstreet types are freaking out and the DOW just dropped. According to them, we’re up , we’re down, we’re sideways. I’m just going to wait for more information to come out, cooler heads to prevail and listen to PBO if and when he releases a statement. Oh yeah and also listen to Jay Carney at the press briefing.
Hiya edp4bho, there’s no denying it, today’s jobs report is hugely disappointing, but it doesn’t change yesterday’s encouraging news, that the private sector added 157,000 jobs in June. Naturally, there wasn’t much mention of that in the media, but they’ll have a party with today’s news.
IF NOT…WELCOME TO THE TITANIC! GREED WILL NOT HELP A COUNTRY STAND AND THE PRESIDENT HAS THE RIGHT INVESTMENT IDEAS.
I agree, unfortunately their is a lot of money being spent to get rid if this president. The republicans have all the power bc the democrats are every man for himself mode!
It looks like when you are in the minority, your hearings don’t get televised. I was anxiously awaiting the Democratic Steering Committee hearing on the impact of a default on the economy yesterday and came up with a blank. I could not find anything on CSPAN. So far all I have is an update on Minority Leader Pelosi’s website. The link below has excerpts from prepared testimony of witnesses yesterday.
HEARING ON RISKS OF DEFAULT TO THE U.S. ECONOMY AND JOBS:
This afternoon, Leader Pelosi and the House Democratic Steering and Policy Committee are holding a hearing on how a default on the debt would impact our economy, job creation, seniors and the middle class. As Bruce Bartlett, Former Advisor to Presidents Ronald Reagan and George H.W. Bush, explains in his prepared testimony:
Indeed, there are those within the Republican Party who genuinely hope for default, believing, insanely in my opinion, that somehow or other this will benefit the American people…The point I am making is that there is a long tradition of advocacy for debt default and even repudiation among conservatives and Republicans. While once these might have been considered fringe views, it is clear that they are now mainstream among those in the Tea Party, who dominate Republican primaries and hold virtually every Republican in Congress hostage to its demands, no matter how ridiculous or extreme…
Republican political gamesmanship is putting our economy at risk and the witnesses will speak to the real consequences for the middle class. As Professor Matthew Slaughter in prepared testimony explains, “the damage facing the American labor market today, in terms of both jobs and incomes, is difficult to overstate.” Potential consequences include:
Stock prices could fall, taking a direct hit on families’ 401(k)s, pensions, and savings
Housing prices could drop and home sales could plummet
Social Security checks could be withheld and massive numbers of federal workers could be furloughed
Lower-income families would foot the bill, as interest rates rise and their debt payments increase
This hearing is the only one in the House of Representatives on this critical issue with bipartisan witnesses including advisers to President Reagan, President George H. W. Bush, and President George W. Bush:
http://www.democraticleader.gov/blog/?p=4208