Political Musings September 5, 2014: August jobs report shows unemployment benefits extension still necessary

POLITICAL MUSINGS

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

OP-EDS & ARTICLES

August jobs report shows unemployment benefits extension still necessary

By Bonnie K. Goodman

The Bureau of Labor Statistic released the jobs report for August on Friday morning, Sept. 4, 2014. The numbers were a disappointment with far less jobs created than expected, and the least created in any month in 2014, showing the….READ MORE
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Full Text Political Headlines September 8, 2012: GOP Weekly Address: Sen. John Barrasso Says ‘It’s Time for Rhetoric to Meet Reality’ on Economy

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

GOP Address: Sen. John Barrasso Says ‘It’s Time for Rhetoric to Meet Reality’ on Economy

Source: ABC News Radio, 9-8-12

Now that conventions are over for both the Republicans and Democrats, Sen. John Barrasso, R-Wyo., says, “It’s time for rhetoric to meet reality,” and the reality, he adds, “is that America is not better off than it was four year ago.”

After a jobs report, released Friday, showed unemployment at 8.1 percent and just 96,000 jobs added last month, Barrasso and other Republicans have been quick to react.

“The undeniable truth is, President Obama is on track to have the worst jobs record of any President since World War II. When the President was hyping his so-called stimulus program, his economic team claimed unemployment would not go above 8 percent, and that it would be below 6 percent by now.  Instead, it’s been higher than 8 percent for 43 straight months,” he says in the Republican address.

“It’s bad enough the stimulus money was wasted.  Even worse, he borrowed the money, much of it from China. Household incomes have dropped by more than $4,000, while the cost of everyday living has gone up. Gasoline prices have gone up another 30 cents a gallon in just over a month. Americans recently paid the highest prices ever on a Labor Day weekend. One out of every seven people in America is now on food stamps,” Barrasso says. “In terms of global competitiveness, the United States has dropped for four straight years.  When President Obama took office, we were number one in the world.  Now we’re number seven.”…READ MORE

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