BLS: 155,000 new jobs in December

From the U.S. Bureau of Labor Statistics:

“Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, food services and drinking places, construction, and manufacturing….

The change in total nonfarm payroll employment for October was revised from +138,000 to +137,000, and the change for November was revised from +146,000 to +161,000.”

——————–

Just to be clear, these are seasonally adjusted numbers, which means these 155,000 new jobs come on top of hiring that would normally be expected in the Christmas season.

While we’re on the subject, I’d also like to address this claim by John Boehner yesterday as he accepted the speaker’s gavel for another two-year term:

——————–

“Our government has built up too much debt. Our economy is not producing enough jobs. These are not separate problems.

At $16 trillion and rising, our national debt is draining free enterprise and weakening the ship of state.

The American Dream is in peril so long as its namesake is weighed down by this anchor of debt. Break its hold, and we begin to set our economy free. Jobs will come home. Confidence will come back.”

——————–

As economic analysis, that’s just total baloney. While our national debt constitutes a long-term challenge, it is not causing or exacerbating our current economic situation. If “our national debt is draining free enterprise,” if “this anchor of debt” is dragging us down, as Boehner alleges, then federal borrowing to finance the deficit would be driving interest rates sky high, making it difficult for private companies to borrow money.

That simply is not happening. The prime interest rate is 3.25 percent, exactly what it was a year ago. In fact, you’d have to go back to 1955 or earlier to find a lower prime rate. We have a lot of problems with the economy, but government borrowing driving out private borrowers is not one of them.

I don’t know whether Boehner actually believes that nonsense, or whether he’s just drawing what he hopes to be a politically useful connection. Either way, he is pushing a grossly misleading diagnosis.

– Jay Bookman

443 comments Add your comment

Lord Help Us

January 4th, 2013
8:58 am

Jay, you must have a mistake…according to the Drudge headline, unemployment is UP to 7.8% (a critical distinction for the haters…)

Please fix…

Lord Help Us

January 4th, 2013
8:59 am

First? It’s gonna be a good day…

Keep Up the Good Fight!

January 4th, 2013
9:01 am

Republicans and the conned just do not seem capable of real economic analysis as has been repeatedly demonstrated by their clinging to failed policies.

JohnnyReb

January 4th, 2013
9:02 am

No wonder we have such a political divide in this country. The Nation everyday spends more than it makes, yet Jay believes we don’t have a problem. Interest rates are being held down by the Fed as they print money into the economy that has driven up prices. Obama has not passed a budget in four years and cares nothing about reducing debt even though he speaks of doing so.

Yes, I’m an angry old white guy. Not because my race is becoming the minority, but becuase those becoming the majority are stupid and negligent of history and being led by the nose of people who should know better.

Granny Godzilla

January 4th, 2013
9:02 am

Boehner or any republican “pushing a grossly misleading diagnosis”

No sheet Sherlock.

Ben Shockley

January 4th, 2013
9:02 am

Bookman, you ran columns on a regular basis during Bush’s 2nd tern blasting him for running huge deficits, saying he was mortgaging our children’s future, etc etc.

Now you say deficits don’t matter.

You’re a joke.

Redneck Convert (R--and proud of it)

January 4th, 2013
9:03 am

Well, if they get all the N_____s, illegals, and other people I don’t like off of the public dole the debt problem straightened out, Trickle Down will happen real quick.

Have a good Friday everybody.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:03 am

They don’t have to believe it … they just have to sell it!!

https://www.youtube.com/watch?v=mWRVbWMvi7c

TaxPayer

January 4th, 2013
9:03 am

Clearly, Boehner has access to raw unskewed data that the rest of us do not.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:04 am

Ben – “Bookman, you ran columns on a regular basis during Bush’s 2nd tern blasting him for running huge deficits, saying he was mortgaging our children’s future, etc etc.”

please, to link.

stands for decibels

January 4th, 2013
9:04 am

Just to be clear, these are seasonally adjusted numbers, which means these 155,000 new jobs come on top of hiring that would normally be expected in the Christmas season.

Just to be snarky, I would approximate the probability of someone posting “how much of that is just CHRISTmas seasonal hiring huh Bookman?” in the first page of post, at something like 99.44%.

Ben Shockley

January 4th, 2013
9:05 am

Wish I had a quarter for every time a liberal went into full poutrage mode over Bush squandering the so-called Clinton budget surplus. Now the bigger the deficit the better!

Libs are hysterical.

Granny Godzilla

January 4th, 2013
9:05 am

“Obama has not passed a budget in four years …”

Johnny Reb,

In 220 some year history of the United States of America

NO PRESIDENT HAS EVER PASSED A BUDGET.

Geez.

Mick

January 4th, 2013
9:06 am

Good points, what he is doing is trying to reframe the talking points about the debt and only the debt, instead of good solid job creation.
Republicans are a one trick pony and the irony of course is their spending in the previous decade.
Only now is it oh so important…give us all a break and do your job building up the united states instead of tearing it down at each budget impasse…

Ben Shockley

January 4th, 2013
9:06 am

“please, to link.”

No need. Let’s just see if Bookman denies it.

TaxPayer

January 4th, 2013
9:06 am

Ben is getting hysterical.

jack be nimble

January 4th, 2013
9:06 am

Ben

Did you say Cheney was a joke when he claimed “deficits don’t matter”?

Jay

January 4th, 2013
9:06 am

I know it will shock you to learn this, JHU, but Drudge is wrong.

Following its standard, end-of-the-year process, the BLS recalibrated and “trued-up” its unemployment data for the year. As a result of that recalibration, the November unemployment rate was 7.8 percent.

Exactly the same as the December rate.

stands for decibels

January 4th, 2013
9:06 am

The Nation everyday spends more than it makes

And it has carried a debt since the 1830s.

Please find a new boogeyman.

Keep Up the Good Fight!

January 4th, 2013
9:07 am

USinUK, Ben provide evidence or to even see if there is evidence before he makes a claim…… are you driving a MARTA bus? :lol:

Lord Help Us

January 4th, 2013
9:08 am

‘Wish I had a quarter for every time a liberal went into full poutrage mode over Bush squandering the so-called Clinton budget surplus’

Heck, I wish I had a NICKEL for every con that didn’t say a thing about the transition from surpluses to deficits under W, but, now that Obama is in office, is foaming at the mouth…

F. Sinkwich

January 4th, 2013
9:08 am

Woo Hooo !!!

High fives all around!

Oh wait, what is the labor participation rate now vs. four years ago?

In other economic news:

“GM sold 2,595, 717 units in the Unites States during 2012; this is an 11% drop of the almost 3,000,000 units GM in 2008. GM U.S. sales in 2012 is lower and worse than any of the eight years Bush was in office.”

Yo, GM, you still owe me $25 billion. Please remit immediately.

Elections Have Consequences

January 4th, 2013
9:10 am

Amazing. A continued deflection to the House for the abysmal economic recovery.

Ben Shockley

January 4th, 2013
9:11 am

“Is it moral to continue handing out lucrative tax cuts even in time of war, thus creating huge deficits that our children and grandchildren will have to pay on our behalf?”

– Jay Bookman, feb 21, 2005

http://www.commondreams.org/views05/0221-29.htm

Mick

January 4th, 2013
9:12 am

sink

Nice to see that you have a bad case of historical amnesia, who put us in this mess in the first place? By the end of bush’s term we were shedding 750k jobs a month, does that register at all with you cons???

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:12 am

“Clearly, Boehner has access to raw unskewed data that the rest of us do not.!”

where does he keep it?

only his proctologist knows for sure

Aquagirl

January 4th, 2013
9:12 am

are you driving a MARTA bus?

It’s gonna be a bad day here for Ben. :)

Skip

January 4th, 2013
9:12 am

Why do Ben and Johnny make sheet up and then attribute it to Jay?

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:12 am

” By the end of bush’s term we were shedding 750k jobs a month, does that register at all with you cons???”

actually, it was -850K

Ken

January 4th, 2013
9:12 am

The new taxes will help our economy. Just wait , you will see. LOL

ATL Tiger

January 4th, 2013
9:13 am

FED is still printing money QE3, the economy is still weak enough for stimulus to help prop it up

The labor force participation rate, which measures workers and those looking for jobs, remained mired at 63.6 percent, a 30-year low.

Confirms projection of a 2% economic growth this year, barely keeping pace with inflation.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:13 am

“No need. Let’s just see if Bookman denies it.”

actually, there is a need.

put up or shut up.

Ben Shockley

January 4th, 2013
9:14 am

Here’s Bookman on May 9, 2006 bleating about a Bush deficit of $290 billion…

“An economic reckoning isn’t too far off now”

– Jay Bookman, May 9, 2006

http://news.google.com/newspapers?nid=1817&dat=20060509&id=PG80AAAAIBAJ&sjid=0qcEAAAAIBAJ&pg=6396,2825422

teacher

January 4th, 2013
9:14 am

Treasury Secretary Timothy Geithner’s plans to leave near the end of January ~ cnbc

DannyX

January 4th, 2013
9:14 am

“Is it moral to continue handing out lucrative tax cuts even in time of war, thus creating huge deficits that our children and grandchildren will have to pay on our behalf?”

– Jay Bookman, feb 21, 2005

________________

Obviously Jay got it right!

Ben Shockley

January 4th, 2013
9:14 am

“put up or shut up.”

I just put it up right in your face.

JamVet

January 4th, 2013
9:14 am

Yes, I’m an angry old white guy. Not because my race is becoming the minority, but becuase those becoming the majority are stupid and negligent of history and being led by the nose of people who should know better.

I do love the writings of Reb! He is exhibit number one in why the cons just got crushed again last November. (Get used to it.) Even the Bush adoring lunatic fringe now senses that their perverted cause is lost. (Sound familiar, reb traitors?)

My unsolicited advice? Wither, whimper and whine away 2013.

But to hang onto your last shred of trickle down sanity, keep telling yourselves that is the United States of America – and not the GOP – that is swirling down the toilet.

Just get out of the way and do what you do best – nothing.

Off to keep the JamVet Recovery rolling along!

Granny Godzilla

January 4th, 2013
9:15 am

Skip

They simply were not raised right.

TBS

January 4th, 2013
9:15 am

Give Ben a break.

He is still researching the info on the 100k per year Marta drivers. Once he has the info, he show all of you how accurate his assertions are?

Right Ben?

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:15 am

” A continued deflection to the House for the abysmal economic recovery.”

abysmal???

we’ve had nearly 3 years of continuous job growth

nearly 3 years of the economy being in the black.

that’s more than Bush could say for either of his tenures.

LIB LIB LIB LIB LIB LIB

January 4th, 2013
9:16 am

GM has already paid their bill, Stinkwich. They don’t owe you a nickel.

Mick

January 4th, 2013
9:17 am

ben

Notice how you conveniently do not add the cost of war to the bush budget cause we all know that it was paid for on the national credit card, which comes due during obama’s term, then blame him for it. What a load of garbage…

Jay

January 4th, 2013
9:18 am

Ben is absolutely correct. I did write such columns.

There was no reason, in an era of relative prosperity and with the nation fighting two expensive overseas wars and passing Medicare Part D, for the federal government to be cutting taxes and undoing all the budgetary progress that had been made through the ’90s. It was bad fiscal management, driven by the aforementioned Cheney philosophy of “deficits don’t matter.”

These are very different times. The deficits that we experience today are driven in large part by collapsed gov’t revenues in the wake of the biggest economic crisis in 80 years, plus necessary expenditures to preserve the safety net for those harmed by that crisis. Slashing government spending in such a situation would be economically destructive.

Just yesterday, a new study was released by economists with the International Monetary Fund detailing how wrong the IMF had been in pushing austerity as a post-crash policy. As the Wall Street Journal put it:

“In a new paper published Thursday, IMF Economic Counsellor Olivier Blanchard and research-department economist Daniel Leigh show the IMF recommended slashing budgets too fast early in the euro crisis, starving many economies of much-needed growth.

In “Growth Forecast Errors and Fiscal Multipliers,” Messrs. Blanchard and Leigh calculate IMF and European economists underestimated the euro-for-euro effect of cutting government budgets. While economists expected that cutting a euro from the budget would cost around 50 cents in lost growth, the actual impact was more like 1.50 per euro.”

Put a little more simply, every euro that was cut from government spending ended up costing the economy 1.5 euros.

Ben Shockley

January 4th, 2013
9:19 am

Here’s Bookman on April 24, 2004 bashing Bush for $500 billion deficit abd projecting economic doom…

http://news.google.com/newspapers?nid=1842&dat=20040424&id=kPshAAAAIBAJ&sjid=qKMFAAAAIBAJ&pg=5986,3396066

Corbin Sharpe. Baby Boomer...and Ban the Gun Thug!

January 4th, 2013
9:20 am

Granny G!

Good morning. I do love that movie! And if we ever do go door to door to “get the guns”, I want to be there holding the bag.

LIB LIB LIB LIB LIB LIB

January 4th, 2013
9:20 am

Be honest. Just one of you so called conservatives be honest about the debt. You don’t really care about the national debt. Nobody does. You’re just using that argument to advance your real cause, your ideaology. One of you step up to the plate. Waiting, waiting, waiting…..

Ben Shockley

January 4th, 2013
9:20 am

I own you, Bookman

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:21 am

Ben – 9:14 – if all you took out of that column was “deficits bad”, then I hope your elementary school teacher isn’t reading this … because she would weep for your lack of reading comprehension.

first, it was about using money as a bribe – and secondly, it was about the irresponsibility of racking up a deficit WHEN THE ECONOMY IS ROCKING, when you know that tough times are ahead.

jeebus wept!

Corbin Sharpe. Baby Boomer...and Ban the Gun Thug!

January 4th, 2013
9:21 am

Whoops, USinUk, that was you…sorry. But5 i really do love that movie!

Granny Godzilla

January 4th, 2013
9:22 am

“Ben is absolutely correct”

Well that’s something you don’t see everyday.

Cheesy Grits is gone but not forgotten

January 4th, 2013
9:22 am

I don’t know whether Boehner actually believes that nonsense, or whether he’s just drawing what he hopes to be a politically useful connection. Either way, he is pushing a grossly misleading diagnosis.

He realizes most Republican voters are Fox News viewers and are terribly misinformed.

So he can say anything really and they will buy it.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

January 4th, 2013
9:23 am

JAY

Two questions for you:

1. In your opinion, how high can our debt go beyond $16 trillion before you get anxious?

2. Why doesnt you big hero ever actually tell his supporters what is really happening with unemployment and the meaningful trends?

Tracking month to month changes is like judging you on a weeks worth of work.

For example and from Bureau of Labor Statistics:

According to the B tables released this month, from January 2009 to October 2012, the civilian non-institutional population grew by approximately 9.2 million people. During the same time, the civilian labor force – which includes those employed and those looking for work – grew by only 1.4 million. As such, the percentage of the population participating in the labor force declined from 65.7 to 63.8. The current participation rate is the lowest reading in decades.

In January 2009, the total number of employed persons was 142,187,000. In October 2012, there were 143,384,000. That is a gain of approximately 1.1 million jobs. To keep pace with population growth, the U.S. needed to add roughly 6 million jobs.

This is the real picture. You can continue acting like a Obama mouthpiece but know that that keeps you from considering life realities above the political fray..

F. Sinkwich

January 4th, 2013
9:23 am

Jammie posted without a YouTube link. That never happens…

Yo, Mick, this just in: Bush left office FOUR FRICKIN’ YEARS AGO.

Lib ilks seem to always feel the need to blame others for their failures. Man up! The sooner you admit that O’bozo = Fail the sooner you will move out of fantasyland. Oh wait, that’s your permanent residence. Never mind…

Keep Up the Good Fight!

January 4th, 2013
9:23 am

Oh Ben… good for you. You are learning to back up your claims. Now we have to work on your analysis and putting forth a claim. You have proven that Jay has consistently claimed deficits to matter on several levels. But you have ignore Jay’s statement in this post. Specifically:

While our national debt constitutes a long-term challenge, it is not causing or exacerbating our current economic situation

So while deficits do MATTER, they are NOT the cause of the current economic situation. In fact you will not find a single progressive, liberal, democratic party member who disputes that deficits don’t matter. That is solely a Republican claim. We say they matter in the long run and need to be addressed responsibly.

Comprende?

Jay

January 4th, 2013
9:24 am

And if Ben wishes to cite a May 2006 column headlined “An economic reckoning not too far off now” as evidence of my understanding of economics, I appreciate him doing so.

Ben Shockley

January 4th, 2013
9:24 am

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. …Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here’. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

SENATOR BARACK HUSSEIN OBAMA, MARCH 2006

Corbin Sharpe. Baby Boomer...and Ban the Gun Thug!

January 4th, 2013
9:24 am

Ben Shockley

January 4th, 2013
9:20 am

I own you, Bookman

Now that made me laugh out loud. Mr. Shockley you are a hoot. Bless. Your. Heart.

Aquagirl

January 4th, 2013
9:24 am

Looks like the passengers on Ben’s $100,000 bus route have declared him the winner. The cheering in his head must be absolutely resounding.

TaxPayer

January 4th, 2013
9:25 am

Ben,

How much did you pay for Jay.

Ben Shockley

January 4th, 2013
9:26 am

“JAY

Two questions for you:

1. In your opinion, how high can our debt go beyond $16 trillion before you get anxious?”

However high the daily Debbie Wasserman Schultz talking points tell him it can go.

Ben Shockley

January 4th, 2013
9:27 am

I’m going to get back to work now. The Bookman beatdown was fun, but at some point, you start to feel bad about whipping a weakling.

rightwingextreme

January 4th, 2013
9:27 am

Jay….you wrote: ….federal government to be cutting taxes and undoing all the budgetary progress that had been made through the ’90s.

My goodness….are you completely ignorant of the 90’s and what drove the economic growth? It was the DOT COM BOOM along with cutting taxes on capital gains and having a Republican Congress attempt to reign in spending. It sure as heck wasn’t Clinton raising taxes.

Let’s compare tax policy to the AJC subscription price. Libs think that by raising taxes we create more jobs and the economy grows. Let the AJC increase their subscription price and cut back on the content and let’s see how many subcribers they will gain.

TaxPayer

January 4th, 2013
9:28 am

Sixteen trillion-dollar coins later and voila! There you go, cons. Your mess is all fixed. Now what.

Mick

January 4th, 2013
9:28 am

sink

As soon as you own up to the debt that was piled up under the previous guy, namely wars and paying for them, we might have an understanding of some sort. Rather, you dig a hole, stick your head in it and scream obama for every ill. Not reality based, it takes time to clean up the mess that took eight years to create…

pete

January 4th, 2013
9:28 am

I seem to remember the loonies on the left going ape schit when the unemployment hit 5% under Bush. Now it is close to 8%…what gives here? Never thought I would read an article where we are just supposed to shrug out shoulders and pretend nothing is wrong. You folks on the left would be calling for impeachment if a Republican was in office with this high of an unemployment rate after 5 years.

Finn McCool (The System isn't Broken; It's Fixed)

January 4th, 2013
9:28 am

Now you say deficits don’t matter.

I believe those were Dick Cheney’s words

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

January 4th, 2013
9:28 am

USinUK – not very ladylike (and former Girl Scout)

January 4th, 2013
9:15 am

Yeah, check out the real picture as I posted above..we are doing real fine..why all the comparisons to Bush?

Don’t you and the rest of BO worshipers realize that continued comparison to Bush as a benchmark actually says you want to continue to keep a low bar?

Twenty years from now all of you will comment on BO’s legacy: “he was much better than Bush..”

Ben Shockley

January 4th, 2013
9:28 am

Oh, one last thing…

USinUK – You really took one on the chin back there. Bet that still smarts.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:29 am

“I’m going to get back to work now. The Bookman beatdown was fun, but at some point, you start to feel bad about whipping a weakling.”

actually, we’ve been enjoying playing you like the cheap fiddle you are.

TaxPayer

January 4th, 2013
9:29 am

… Ben proclaims whilst standing in front of his carnival mirror that magically reduces the size of his swelled head to that of a mere mortal.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:29 am

Ben – I’m not surprised that the point sailed right past you – reading comprehension doesn’t seem to be a part of your skillset

DannyX

January 4th, 2013
9:30 am

“Bush left office FOUR FRICKIN’ YEARS AGO.”

As Ben has pointed out by linking to a few of Jays old columns, the Bush Great Recession was a disaster. You don’t get to turn your Etch-a-Sketch upside down, shake it real hard, and wipe the slate clean.

You cons can try and ignore Bush all you want, (Republican convention) sorry, ain’t going to happen.

Brosephus™

January 4th, 2013
9:30 am

In January 2009, the total number of employed persons was 142,187,000. In October 2012, there were 143,384,000. That is a gain of approximately 1.1 million jobs. To keep pace with population growth, the U.S. needed to add roughly 6 million jobs.

So, are you suggesting that Obama should push for a multiple trillion dollar stimulus package to createamodern day WPA or hire 6 million federal workers? That’s about the only way that Obama can create those jobs. Otherwise, you should be directing your ire towards the leaders of these companies that offshore jobs and sit on the profits while refusing to invest money in jobs here in the U.S.

Mick

January 4th, 2013
9:30 am

ben

Kind of sad when you have to proclaim yourself the winner…of what, just exactly? If anything, you proved bookman correct, so even when you think you win – you lose!!!

Cheesy Grits is gone but not forgotten

January 4th, 2013
9:31 am

Most of this countries debt has been accumulated during Republican administrations.

They dont care about debt and deficits either.

It just a useful political tool to play Chicken Little when they are out of power

Peadawg

January 4th, 2013
9:32 am

“I just put it up right in your face.” – That’s what he said.

DannyX

January 4th, 2013
9:32 am

“…what gives here?”

Pete, your logic!

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

January 4th, 2013
9:32 am

rightwingextreme

January 4th, 2013
9:27 am

The libs should take note of your AJC example. I find it relevant and a terrific and simple way for the borrow and spenders to understand what is actually happening here….Nice touch.

williebkind

January 4th, 2013
9:32 am

Jay

January 4th, 2013
9:33 am

“My goodness….are you completely ignorant of the 90’s and what drove the economic growth? It was the DOT COM BOOM along with cutting taxes on capital gains and having a Republican Congress attempt to reign in spending. It sure as heck wasn’t Clinton raising taxes.”

Wrong.

In 1993, Clinton and the Democratic Congress passed major tax hikes designed explicitly to bring down the deficit and reassure Wall Street. Republicans at the time insisted that the tax hikes would destroy the economy, create a major recession and lead to massive unemployment.

It did none of those things. Instead, as you yourself note, the exact opposite happened: An economic boom ensued, to be more specific the longest-lasting economic expansion in U.S. history.

rightwingextreme

January 4th, 2013
9:33 am

Mick

January 4th, 2013
9:28 am
sink

As soon as you own up to the debt that was piled up under the previous guy, namely wars and paying for them, we might have an understanding of some sort. Rather, you dig a hole, stick your head in it and scream obama for every ill. Not reality based, it takes time to clean up the mess that took eight years to create…

Uh…you do realize that bammy has piled up more debt that all previous presidents combined? you do realize we are about to be hit with the largest tax increase ever through obamacare? talk about not being based in reality.

Christian Conservative

January 4th, 2013
9:34 am

I guess the economy still has you stumped Jay. Oblama will certainly go down in history as the entitlement President and the biggest spending President ever. All the spending has brought us nothing. That’s the sad thing. The US will be downgraded yet again this year and Oblama and the dems don’t seem to care. When America does complete fall it will probably be after Oblama is long out of office. But the blame is and should be squarely on his shoulders for this tremendous failure….

Joe Hussein Mama

January 4th, 2013
9:34 am

williebkind — “Obama is screwing the military”

It’s called “budget cuts,” Willie.

Of course, if you feel our servicemembers and veterans are being unfairly treated, you can always sign your paycheck over to the DoD.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:35 am

“hat’s about the only way that Obama can create those jobs. Otherwise, you should be directing your ire towards the leaders of these companies that offshore jobs and sit on the profits while refusing to invest money in jobs here in the U.S.”

word.

F. Sinkwich

January 4th, 2013
9:35 am

pete, it’s Bush’s fault.

Don’t believe me? Just ask Mick.

Brosephus™

January 4th, 2013
9:36 am

Libs think that by raising taxes we create more jobs and the economy grows. Let the AJC increase their subscription price and cut back on the content and let’s see how many subcribers they will gain.

The conservative method ain’t much better. Try purposefully cutting your revenue, expanding coverage area, and increasing your services. How long will that model last?

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:37 am

“Obama is screwing the military and now he wants to ban our guns”

wow.

and the non-sequitor of the day award goes to willieb …

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

January 4th, 2013
9:37 am

Brosephus™

January 4th, 2013
9:30 am

I’m not suggesting any solution. Simply pointing out that Jay posting every month meaningless montly job numbers is crap. The demographics and our transition to service economy is being ignored for political gain…In other words, congress and particularly President Trillions are avoiding tell us the way things are trending in the long term so to give supporters some irrelevant measure of what is going on..

He and they are too spineless to share meaningful data to offer some real perspective on our situation. False hope for unions and other cash supporters…that’s real leadership.

Mick

January 4th, 2013
9:37 am

rightx

Umm….you do realize that is an abject myth about obama piling up more debt, it has been dissected here too many times for a repeat rinse but keep on believing cause republicans will be back where they belong – a permanent minority. Witness the train wreck that is the house gop…

stands for decibels

January 4th, 2013
9:37 am

The prime interest rate is 3.25 percent, exactly what it was a year ago. In fact, you’d have to go back to 1955 or earlier to find a lower prime rate. We have a lot of problems with the economy, but government borrowing driving out private borrowers is not one of them.

Also. Too:

http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

You still need to go out to a seven (!) year T-bill to get more than one (!) percent return from Uncle Sam.

Seven. Years.

Joe Hussein Mama

January 4th, 2013
9:38 am

R. W. Extreme — “Uh…you do realize that bammy has piled up more debt that all previous presidents combined?”

Uh, do you realize that you’re wrong?

In rough figures:

Debt as of first Bush inauguration: ~$5T

Debt as of first Obama inauguration: ~$10T

Debt now: ~$16T

*Bush* added as much as all previous Presidents combined. Obama’s got a way to go to accomplish that.

Just a question; since VP Cheney famously said “deficits don’t matter,” is that why you’re apparently not upset about Republican deficit spending, yet you appear ready to blow a gasket over Democratic deficit spending?

F. Sinkwich

January 4th, 2013
9:39 am

“…you should be directing your ire towards the leaders of these companies that offshore jobs and sit on the profits while refusing to invest money in jobs here in the U.S.”

Not intended to be a factual statement.*

* KammieSpam. All rights reserved.

Georgia

January 4th, 2013
9:39 am

Jay Bookman misquoted Boehner grievously. He forgot to add all the blubbering, sniveling, tears and hanky blows. I think the good speaker got his widdle feelings hurt yesterday as he reflected on why he come to Washington, (to be humble), I know, I know.

Paul

January 4th, 2013
9:40 am

“I don’t know whether Boehner actually believes that nonsense, or whether he’s just drawing what he hopes to be a politically useful connection.”

I’m not convinced Spkr Boehner’s really understands economic principles. He may be just another person (although in a very powerful position) who’s spent years repeating the same things, never seeking out information that would challenge his thinking or, really, doing any indepth thinking about where those claims originated.

Just keep saying the same things and it doesn’t take too long before they become fact in one’s mind.

Granny Godzilla

January 4th, 2013
9:40 am

right wing extreme

“you do realize that bammy has piled up more debt that all previous presidents combined”

.
.
.
You do realize that is FALSE…??

Nope, you don’t.

And that’s why you fail.

USinUK - not very ladylike (and former Girl Scout)

January 4th, 2013
9:40 am

“Not intended to be a factual statement.*”

that phrase only works when used correctly.

RB from Gwinnett

January 4th, 2013
9:40 am

“Interest rates are being held down by the Fed as they print money into the economy that has driven up prices. ”

Exactly the thought I had when reading yet another of Jay’s “D’s good, R’s bad” bulldookie.

Jay, just face it. Obama is friggin clueless on financial matters. CLUELESS!!!
He has done absolutely nothing of substance to stop this debt parade, hasn’t seen a budget in his entire term, and doesn’t seem to have any plans beyond the window dressing he just got that’s meaningless in the big picture.

And you lick the man’s boots here every friggin’ day. It’s pathetic.

Eat your damn fat kid cookie and go play with your toys or something, Jay, but stay out of legitimate conversation if this BS is all you have to contribute.

Christian Conservative

January 4th, 2013
9:41 am

Jay:

In 1993, Clinton and the Democratic Congress passed major tax hikes designed explicitly to bring down the deficit and reassure Wall Street. Republicans at the time insisted that the tax hikes would destroy the economy, create a major recession and lead to massive unemployment.

It did none of those things. Instead, as you yourself note, the exact opposite happened: An economic boom ensued, to be more specific the longest-lasting economic expansion in U.S. history.

The budget didn’t get balanced until Newt Gingrinch became speaker of the House Jay. During Gingrich’s speakership he got tax cuts passed on numerous occasions. $152 billion to be exact in Republican sponsored tax cuts over five years in 1997. Then the Taxpayer Relief Act that cut capitol gains… After this is when the economy really began to boom thanks to Gingrinch and his leadership. Unfortunately we don’t have the same type of leaders now….

Granny Godzilla

January 4th, 2013
9:41 am

conservative christian

“the biggest spending President ever”
.
.
.
.
You do realize that is FALSE…??

Nope, you don’t.

And that’s why you fail.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

January 4th, 2013
9:41 am

TaxPayer

January 4th, 2013
9:29 am

By turning the conversation to name calling by you and USnUK re Ben, you both have conceded the debate…