Tag Archives: obama

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868,000 New Jobs … repost


Obama is in the Green on Job Creation

September Reports brought some unexpected good news from the Bureau of Labor Statistics, the government agency that tracks all things jobs-related. During a scheduled review of its data, it determined that the economy had added hundreds of thousands more jobs than previously thought.

While getting overly fixated on individual jobs reports is unwise, this finding carries a special significance. This means that President Obama has now replaced all of the jobs lost early in his presidency — 800,000 jobs a month were being lost when he came into office — and is now in overall positive job creation territory. His leadership and policies have created a total of 868,000 new private sector jobs, which makes for 125,000 net new jobs once the loss of state and local government jobs killed by the Republican austerity is figured in.

ThinkProgress’ Pat Garafalo explains:

According to new revisions released today by the Bureau of Labor Statistics, the economy created 386,000 more jobs between March 2011 and March 2012 than shown by previous estimates. As economist Justin Wolfers noted, this means that President Obama is now net positivefor job creation over his term in office, even taking into account the massive losses in January 2009:

The BLS benchmark revisions means that there has been a net jobs gain since Jan ’09. Romney can no longer talk about job losses under Obama.

— Justin Wolfers (@justinwolfers) September 27, 2012

BLS Benchmark revisions mean that over the year to March 2012, the economy was adding 194k jobs per month, not 162k as previously thought.

— Justin Wolfers (@justinwolfers) September 27, 2012

The Economist’s Greg Ip noted that the revisions mean that Obama’s net job creation number is now 125,000:

Incorporating today’s BLS revision, net payroll growth over Obama’s term would move from -261K to +125K.

— Greg Ip (@greg_ip) September 27, 2012

The new numbers — which are based off of unemployment insurance reports that employers submit to the federal government — show that 453,000 more private sector jobs were created than shown by previous estimates, meaning Obama’s net private sector job creation total is now 868,000. Government jobs, meanwhile, shrank by an additional 67,000.

It’s also worth noting that Obama has already produced more new private sector jobs than his predecessor, George W. Bush. Bush ended both his first and second terms in the hole in terms of private sector job creation. Only significant increases in government employment allowed him to eek out a small overall net gain by the end of his two terms in office.

BOTTOM LINE: Ahead of next week’s critical first presidential debate, today’s news deprives Mitt Romney of one of his most frequently used talking points: that Obama has created no new jobs. While that talking point was always highly misleading at best, it is now a lie by any measure.

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the President’s Weekly Address
Weekly Address: It’s Time for Congress to Help Responsible Homeowners
 
In this week’s address, President Obama explains his administration’s steps to help the housing market, including giving responsible homeowners a chance to save thousands of dollars every year by refinancing their mortgages, but he says we need Congress’s help to do more.
More videos. New Features. The official iPhone app is here. Get it now.
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a message from Stephanie


Mitt Romney agreed it’s “fair” that millionaires and billionaires like himself pay a lower tax rate than many middle-class families do.

That’s not our spin — that’s straight from Romney. On “60 Minutes” this week, he actually agreed that it’s “fair” that he got to pay a lower tax rate on the millions he made last year than a worker making $50,000 paid. Why? “It’s the right way to encourage economic growth.”

As anyone who’s been paying attention over the past few decades knows, Romney is flat-out wrong. Tax breaks for millionaires and tax hikes for middle-class families lead to endless deficits, not economic growth or job creation. That’s why President Obama is fighting to ensure that millionaires like Romney pay their share

We put together some content that looks at Mitt Romney‘s idea of tax fairness, as well as a couple videos that look at Romney’s positions on education, which he talked about this week. Check them out, and make sure your friends do, too.
#1 Romney’s idea of tax fairness Here’s the video of Romney on what he thinks is fair when it comes to taxes. Take a look, then share it with others:

#2 President Obama’s plan This week, President Obama laid out the details of his plan to build our economy from the middle class out. Voters in Iowa began casting their ballots this morning, so it’s a great time to let your friends and family know about the President’s plan to keep our country moving forward. Share this videowith them:

#3 Tax returns and reforms Romney has defied a decades-long precedent by only releasing two years of his tax returns. That leaves a lot of questions unanswered, but the tax returns he has released show that he benefits from loopholes in the tax code that give an advantage to millionaires and billionaires. So it’s no surprise that Romney doesn’t want to reform the tax code so that all Americans pay a fair share — he wants to keep rewarding millionaires and billionaires at the expense of the middle class. Take a look at this postabout his tax plan, and pass it along:

#4 Romney on class size At the Education Nation Summit this week, Romney doubled down on his assertion that classroom size doesn’t matter. But you don’t just have to listen to Romney to know that his policies are bad — watch Massachusetts teacherstalk about what happened to schools in their state when Romney served as governor, then pass the video along to the teacher or parent in your life:

Also take a look at this videothat tells the story of a Colorado teacher who got to speak with Romney. You’ll be stunned to hear how he treated her:

Thanks for all you do,
Stephanie

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President Obama at General Assembly


Sep 25, 2012 by    

In remarks to the UN General Assembly, President Obama discusses a vision of leadership that protects our people and promotes our values around the world, and makes a powerful case for the world to come together to reject extremism and advance our common interests. September 25, 2012.