ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, August 07, 2009

Today in Washington D. C. - August 7, 2009 - Press & Obama Try To Claim Jobs Numbers Mean Recession Ending

Yesterday, the Senate voted 68-31 to confirm Judge Sonia Sotomayor of New York to be an Associate Justice of the Supreme Court. Last night, the Senate voted 60-37 to pass H.R. 3435, a $2 billion extension to the “cash for clunkers” program. Prior to passage, senators rejected 6 amendments to the bill. An amendment from Sen. Tom Harkin (D-IA) to means test the program by restricting it to singles making less than $50,000 and families making less than $75,000 was tabled by a vote of 65-32. An amendment from Sen. Jon Kyl (R-AZ) to terminate the program and evaluate it was defeated 40-57. And an amendment from Sen. Tom Coburn (R-OK) to allow vehicles traded-in under the program to be donated to needy families or charities instead of being destroyed was rejected by a vote of 41-56. When the Senate reconvenes on Sept. 8, it will address the tourism bill, S. 1023. Also, the health care bill and other items are being pursued in committee.

The latest economic numbers show that the unemployment rate for last month was 9.4%, a dip from June’s 9.5% rate. But reading some of the press coverage this morning, one might forget that the country still faces the worst unemployment in a generation.

In a headline, The Boston Globe wonders if this means “The end of the recession?” Politico says, “[T]he unexpectedly low unemployment figure announced Friday is a sign that the severity of the recession is easing, and provides a political boost to an administration that had been struggling to maintain public confidence in its recession-fighting efforts.”

Of course, all this dismisses the 247,000 jobs that were lost last month as well as other signals of the ailing economy. According to the Bureau of Labor Statistics release, “The number of long-term unemployed (those jobless for 27 weeks or more) rose by 584,000 over the month to 5.0 million.” According to BLS, “there were 796,000 discouraged workers in July, up by 335,000 over the past 12 months. . . . Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.” The release also notes that 52,000 manufacturing jobs and 76,000 construction jobs were lost in July.

Given all of this data, it’s hard to then say that the economy is turning around, let alone that “the recession is finally ending.” Yet the Obama administration is already trying to claim that any economic improvements are due to its budget-busting stimulus bill. Politico writes today, “Now the White House has a major economic statistic to point to as it touts the success of its stimulus spending this year.” Appearing on Fox News this morning, Cristina Romer, chair of the White House Council of Economic Advisers, said, “What I think [these numbers] really should put an end to is the talk that the stimulus we’ve had, the actions that we have taken, aren’t working.” When the GDP numbers came out last week, President Obama said, “But the GDP also revealed that in the last few months, the economy has done measurably better than we had thought, better than expected. And as many economists will tell you, that part of the progress is directly attributable to the Recovery Act.”

However, CNN pointed out this week that “[j]ust $120.4 billion, or 15% of the stimulus total, has actually been paid out so far . . . .” And the money that has been paid out never seems to go where it was designed to: “[L]ess than half the federal highway money announced so far is directed toward those high-unemployment, low-income areas, according to an AP analysis” from July. And The Denver Post reported earlier this week that, according to the White House, the stimulus was supposed to create 59,000 jobs in Colorado. But “state officials can link fewer than 1,000 new full-time-equivalent positions to stimulus spending.”

It’s certainly a good thing to hear that fewer jobs were lost than expected last month. Today President Obama again took to the air to say we are doing good, things are recovering, and trust us. It is interesting that President Obama seems to be the only person that can repeatedly must be on TV selling one plan or another. Who is he really trying to convince. He has repeated his campaign slogan over and over in his speeches. It’s certainly a good thing to hear that fewer jobs were lost than expected last month. But for press outlets and Obama to declare that the recession is over requires ignoring a great deal of negative data points. And the administration’s attempts to link any improvement to the stimulus bill simply don’t add up.

Tags: government healthcare, jobs, recession, confirmermation, Judge Sonia Sotomayor, SCOTUS, US Congress, US Senate, Washington D.C. To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 12:12 PM - Post Link

1 Comments:

Anonymous John Eck said...

They claim the recession is ending but then later issued a statement that they expected the unemployment rate would rise above 10% before yrs end. Yeah and if the dog wouldn't have stopped to take a crap he would have caught the rabbit!

8/08/2009  

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join & leave conservative posts & comments on
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.