Posts Tagged ‘unemployment
#ThanksObama: Drops Mic
M.E. Dyson Misses Prez Obama’s Forest for Symbolic Trees
by @zizii2
Dyson says: “Yes She Can”
In this very title lies the crux of a derailed argument that Michael Eric Dyson’s latest travelogue pushes in the New Republic about President Obama vs. SOS Hillary Clinton. How does Dyson arrive at this grand flourish? He traveled with Mrs. Clinton from New York to Atlanta, observed her interaction with the “old Black Guard,” Black Lives Matter activists, and concluded: “Yes She Can.” Can, What? Stay tuned.
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But first, some cold hard FACTS before we indulge Dyson any further. In case he missed it, Prez Obama ALWAYS says: “Yes WE Can”, not “Yes I can”. He never lost sight of the collective effort required to drive the disparate gears that grind within this country toward the collective good.
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And Contrary to Dyson’s erasure of the Obama Administration’s tangible achievements for Americans, and especially minorities, this is where we have been these past 7 years in three key areas: a) Economy & Employment, b) Healthcare, c) Incarceration rates
Economy
1. We suffered a financial catastrophe in 2007-2008 that collapsed not only US economy but global financial system too. The American Recovery and Reinvestment Act aka Stimulus Package was passed in early 2009 to put a floor beneath the abyss that people were falling into. Unfortunately, many Liberals joined GOP to mock the unprecedented scope of the Stimulus and missed its remarkable successes . And as with most Obama policy successes, the real value of the stimulus has been better known to its enemies, than its beneficiaries. Here are the numbers:
2. At Prez Obama’s inauguration we were losing 800,000 jobs per MONTH! Unemployment rates skyrocketed to 10.1% before his 6th month in office. Today, after more than 13 million net jobs added that Jobless rate is at 5%. The rate for African Americans is higher but it has seen a dramatic decline.
The wide differences in state level rates offer a more complex picture
No doubt there is a persistent unemployment gap whose structural roots predate the Obama presidency. But trend lines are moving in the desired direction.
More importantly this administration tackled one of the cankers at the heart of African American and other minorities’ joblessness and poverty rates: HEALTHCARE
Continue reading ‘M.E. Dyson Misses Prez Obama’s Forest for Symbolic Trees’
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Jason Furman: The Employment Situation in February
1. The private sector has added 12.0 million jobs over 60 straight months of job growth, extending the longest streak on record. Today we learned that total nonfarm payroll employment rose by 295,000 in February, largely due to a 288,000 increase in private-sector employment. Although private-sector job gains in December and January were revised down, the private employment gains over the past twelve months total 3.2 million—the largest 12-month increase since 1998. 4. The last time the private sector added more than 12 million jobs over five years was April 1996 to March 2001. There are some notable differences between the current stretch of job gains and the one from 1996 to 2001.
In particular, the manufacturing sector has added 877,000 jobs over the last five years, while it lost 255,000 jobs during the 1996-2001 period. Moreover, the private-sector job gains during the 1996-2001 period coincided with the addition of more than 1.5 million State and local government positions; in contrast, over the last five years, State and local government employment has on net fallen by 423,000 jobs. The two periods did, however, exhibit remarkably similar job growth in sectors like health care and social assistance, retail trade, and transportation and warehousing. Finally, it is worth noting that the two periods took place at different stages of the business cycle—in 1996, the economy was well into a period of sustained expansion, but in 2010, it was just starting to recover from the worst crisis since the Great Depression. That is why despite the progress that has been made, the President believes more must still be done to capitalize on the recovery and strengthen the labor market.
More here
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A Tweet Or Two
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Some days, Twitter can be magic 🙂
https://twitter.com/MARYSKINSWEAT/status/573922588050726912
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https://twitter.com/ddiamond/status/573843364480749569
https://twitter.com/theonlyadult/status/573872654995832832
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https://twitter.com/ddiamond/status/573840500114980864
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https://twitter.com/ddiamond/status/573852227846193152
https://twitter.com/sherifffruitfly/status/573852648232759297
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https://twitter.com/LOLGOP/status/573852412953411584
https://twitter.com/ddiamond/status/573844712479682560
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https://twitter.com/MartinBashir/status/573851871833669632
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https://twitter.com/ddiamond/status/573841406386663424
Rise and Shine
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Today (all times Eastern)
12:05: The President departs the White House
1:0: The First Lady appears on ABC’s ‘The Chew’
2:0: The President arrives in Indiana
2:50: Tours Millennium Steel Service; Princeton, Indiana
3:05: Has a conversation with workers, Millennium Steel Service
5:25: Departs Indiana
7:15: Arrives White House
** The First Lady campaigns for Gov Martha Coakley in Boston and Gubernatorial Candidate Mike Michaud in Bangor today **
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Payrolls +248k. Unemployment down to 5.9%(!) July payrolls revised up +31k. August revised up +38k. HUGE REPORT.
— Justin Wolfers (@JustinWolfers) October 3, 2014
Wow! RT @BloombergNews JOBS: U.S. Sept. payrolls rise 248,000; jobless rate falls to 5.9%: http://t.co/rpeBkeuWFa pic.twitter.com/pn7np5ANaN
— TheObamaDiary.com (@TheObamaDiary) October 3, 2014
In addition to the 248,000 jobs added in September, revisions to previous months’ reports added 69,000 total jobs. http://t.co/YZmCsb4fxi
— ThinkProgress Econ (@TPEconomy) October 3, 2014
President Barack Obama has taken the unemployment rate from a high of 10.1% down to 5.9% in almost 6 years. This is a BFD. #ThanksObama
— Nerdy Wonka (@NerdyWonka) October 3, 2014
So, President Obama gets jobless rate down to 5.9% – imagine how many more would be working if GOP didn’t obstruct him every step of the way
— TheObamaDiary.com (@TheObamaDiary) October 3, 2014
2/Entire GOP narrative about econ growth, US economy has been once again discredited over past 12 months. Up there with Iraq in 2002.
— Simon Rosenberg (@SimonWDC) October 3, 2014
‘For the right, which believes #Obamacare is destroying economy, this jobs report will be very difficult to explain’ http://t.co/z5E9tMLp9X
— TheObamaDiary.com (@TheObamaDiary) October 3, 2014
.@gop & #msm talking points knocked on the teeth. jobs, jobs, jobs ✓ stock market ✓ economy ✓ deficit ✓ Obamacare ✓ consumer index ✓
— amk4obama (@amk4obama) October 3, 2014
Where are the jobs, Speaker Boehner? Check this morning’s news. Then go back to your breakfast. pic.twitter.com/sniupdrB5A
— TheObamaDiary.com (@TheObamaDiary) October 3, 2014
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New White House photos (and captions) here
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On This Day
Senator Barack Obama walks from his plane on October 3, 2008 after arriving in Philadelphia on his way to a rally in Abington, Pennsylvania
A woman is overcome with emotion after meeting Senator Obama at a rally on October 3, 2008 in Abington, Pennsylvania
Senator Barack Obama is photographed October 3, 2008 at the airport in Philadelphia before flying to Chicago
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First Lady Michelle Obama sits with White House Senior Advisor Valerie Jarrett before the Presidential Debate at the University of Denver on October 3, 2012
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MoooOOOooorning!
The Obama Diary 
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