fbpx

Type to search

U.S. Unemployment Rate Falls To 5.6 Percent

Economy

U.S. Unemployment Rate Falls To 5.6 Percent

Share

Washington (AFP) – The U.S. unemployment rate fell to 5.6 percent in December, the lowest level in six and a half years, the Commerce Department said Friday.

The economy churned out 252,000 jobs last month, which together with upward revisions of the previous two months — 50,000 more jobs than previously reported — capped the best year for job generation in 15 years.

The unemployment rate fell 0.2 percentage point from the previous level, and compared with 6.7 percent a year ago.

The job gains were strongest in professional and business services, restaurants and bars, and the construction industry, underscoring the healthy growth in the U.S. services sector, while gains in manufacturing were small.

However, hourly earnings, one sign of just how strong the economy is, fell back, almost totally reversing the previous month’s surprise gain. Hourly earnings were up just 1.7 percent from a year ago, just keeping up with inflation.

Another sign that the situation is less strong than the headline figures suggest is that the gains in the unemployment rate were partly due to more people exiting the US work force. The participation rate in the civilian labor force fell to 62.7 percent from 62.9 percent, matching the previous low in the wake of the 2008-2009 Great Recession.

AFP Photo/Spencer Platt

Tags:

124 Comments

  1. FT66 January 9, 2015

    Job well done Mr. Pesident. You will be entered in history books as a person to remember by your remarkable job in rescuing the economy and bringing a good number of people back to work. We watched people like McConnell yesterday trying to claim or rather steal a credit which doesn’t belong to him. His work together with the President now, is to raise the minimum wage. Contrary to that, there won’t be even a partial credit of the improving economy be given to his Party.

    Reply
    1. Frank KIng January 9, 2015

      The bumbling bumpkin from Kentucky lives in a fantasy world of his own creation. History has proven that the right wing creates the messes at home and abroad and that Democrats have to pick up the remnants of republican malfeasance/misfeasance and mismanagement to rectify the problems. However, the problems will now be intensified and prolonged since the right wing is now in control to continue their mischief without regard to the best interests of the American people. Beware the “Ides of March”.

      Reply
      1. FT66 January 9, 2015

        You are quite right Frank Klng. The bumpkin you are talking about, said it openly even before the President was sworn in the first time ever, that he will make sure his first job is to make him one term President. How did this work for him? I do wonder why such a person has no shame at all? Still he is coming back again in the limelight like a Mafia and wants to steal openly President’s credit.

        Reply
        1. Jambi January 9, 2015

          I think we should allow the “hog-jowled-turtle-man” to make an appearance on FOX NEWS (where else?) and commend the President on a job well done!…

          Reply
          1. FT66 January 9, 2015

            I suppose he won’t show up. Thats what turtles do.

            Reply
          2. mike January 9, 2015

            I think you have the wrong guy with his head hiding in his shell. Look in the mirror, Surprise.

            Reply
          3. FT66 January 9, 2015

            What wrong guy are you talking about Mike? The one who beat you not only once BUT twice? I would rather advise you to work out on your problems. The lady in long pants is on her way coming and she will wipe you off all one more time.

            Reply
          4. mike January 9, 2015

            You not only have your head where the sun doesn’t shine but you are delusional.
            Beat me twice!!! Interesting!!
            Do us all a favor, produce your amazing post/posts to me, where in your eyes you beat me twice. Produce those amazing post. Because if the two today are an indication or what you think are winners showing your superior intelligence and wit, you are more delusional than I thought.

            Reply
          5. Independent1 January 10, 2015

            You may want to take a look at this article if you don’t think the GOP has a problem coming up in 2016:

            The GOP’s major 2016 problem — in 3 maps

            Republicans have two major problems when it comes to winning presidential elections: demographics and the Electoral College. And as the 2016 election gets off the ground, both of these problems are getting worse.

            On the Electoral College front, Democrats quite simply have more electoral votes “in the bank” (i.e. safe blue states) and need to win fewer swing states than Republicans do. And demographically, the Democrats’ gains among Hispanic voters in particular pose a real long-term problem for Republicans, given this population is growing extremely fast and the white population is, well, not.

            http://www.washingtonpost.com/blogs/the-fix/wp/2015/01/06/the-gops-2016-problem-in-3-maps/?wpisrc=nl_fix&wpmm=1

            Reply
          6. mike January 10, 2015

            We will see!!! The base of the democratic party didn’t come out in 2014, so we will wait and watch.
            If I were in your shoes I would not “be counting your chickens before they hatch”.
            All well depend on who each party puts up and how the next two years go.
            I wouldn’t get too over confident. The electorate can be very unpredictable.
            Yes the dems will continue to get the low info easy to lie to people. They will promise them the moon and ignore them again if they get back in office.
            Mlany “ifs” coming in the next two years and it is going to be fun watching.

            Reply
      2. mike January 9, 2015

        Thanks for the good laugh.
        The true bumbling bumpkin was the person who tried to oppose him in the mid-terms.

        Reply
        1. bobnstuff January 9, 2015

          You mean the midterms that the voters forgot about. Know one cared about it or there would have been a
          turnout.

          Reply
          1. mike January 9, 2015

            Yes the mid-terms that all the “low info’ people didn’t know ABOUT or decided that Obama had done a poor job and his policies weren’t worth the paper they were written on.
            Sadly, it cost dems the Senate, Governorships, state legislatures. But when you are just plain stupid or stoned, which the base of your party is, who cares, they didn’t..

            Reply
          2. bobnstuff January 9, 2015

            I’m a republican and yes we have become the stupid party. We have left the far right take over a once proud
            party and turn it into a tool of a few wealthy over lords.

            Reply
          3. mike January 9, 2015

            LOL!!! You’re a Republican?? What a crock of horse dung.

            Reply
          4. bobnstuff January 9, 2015

            I am not only a republican but I have been an elected official in the party but that was when the party made the government work. Before the Koch Bros. took over.

            Reply
          5. mike January 9, 2015

            Still chuckling!!!
            I would say you’re a Reid wannabe with your Koch Brothers remark.

            Reply
          6. bobnstuff January 9, 2015

            Follow the money and see who bought the party

            Reply
          7. mike January 9, 2015

            As i said earlier, you are a Reid wannabe.
            If you are so positive show me the money flow.

            Reply
          8. Independent1 January 10, 2015

            Why am I not surprised.

            Reply
          9. kenndeb January 10, 2015

            So when did you become a traitor to America? Did the godlike Emperor blind you and make you stupid at the same time? I was a supporter of the Emperor, and woke up to see how this illegal lawless thing in our White House was turning America into a soviet style police state. As much as I disliked the republicans, I certainly was not going to support a communist. But you sure seem to embrace the communist philosophy, comrade.

            Reply
          10. bobnstuff January 10, 2015

            Kenn, we are talking about the economy here, if you have anything with facts please join in but skip the
            anti Obama stuff for now. The steps to fix the economy are not liberal since buying their own stock is a standard tool for companies to increase the value of their stocks. Once again you show how little you understand what communist philosophy is.

            Reply
          11. Independent1 January 10, 2015

            Great reply!! But recognize that whomever is posting from the Heritage Foundation where kenndeb is will have a real problem agreeing with anything you say.

            Reply
          12. Independent1 January 10, 2015

            I’m amazed. A Republican who understands that the GOP has been corrupted. Wow!!

            Reply
          13. Independent1 January 10, 2015

            I’ll sure go along with that??

            Reply
    2. mike January 9, 2015

      And 294,000 applied for first time unemployment this week.
      Normally, when hiring improves the U3 rate will rise because those people who had quit looking for a job start looking again. U3 is defined as those unemployed and those actively seeking work in the past 4 weeks.
      Very few full time jobs and a disproportionally amount of low pay, part-time jobs. Yes, they are working but it is still a problem for this country the way we are headed economically. Middle class still getting clobbered.

      Reply
      1. FT66 January 9, 2015

        Hello Mike, can you please get over it? This is not how opposition should be. You don’t oppose because the result is pulling your Party behind! Give credit when its due to. Thats what civilised folks do. Thats what a genuine opposition is all about.

        Reply
        1. mike January 9, 2015

          Tell me what I have said that is not true.

          The U3 is not a true indication of unemployment.
          It is not a remarkable recovery, and after 5+years since the recession ended things are far from perfect, and his legacy will have a big asterisk.
          You made the assertion that he will go down in history as this great savior of US. I have the right to say, he won’t!!! This economy has been poor to fair for years(I know things look better, we will wait see) because of his regulations and anti-business policies. He ignored the economy to push his redistribution of wealth.

          Think what you want but don’t expect not to get negative feed back. Good people can differ and that is what makes America great.

          Reply
          1. bobnstuff January 9, 2015

            So you like the U6 report better then you will also admit that that one is down also from a peak of 17.2 to the present number of 11.2 or well over 33% lower and dropping. The only numbers that don’t look better are the ones you make up. Never in the history of the number has there ever been that big a drop in one administration. If the President is so anti business why are we seeing record profits. If the President is trying for a redistribution of wealth he is doing a bad job since the rich just keep getting richer. If he is ignoring the economy I hope he keeps it up because the GDP is going up. Show me some numbers that prove that things aren’t getting better from someone without an agenda.

            Reply
          2. mike January 9, 2015

            First, I am happy for those for finding jobs even if they are jobs that list them underemployed, but they have a job.
            Profits are what?? revenues minus cost (simply put). Companies are keeping cost down, like hiring and its costs, and revenues continue to grow. pretty simple.
            Look at the stock market that has grown because the massive infusion of cash into the financial system by the Federal Reserve. Where do most wealthy people have their money? in the stock market and other investments.
            This might help you understand.

            http://www.cnbc.com/id/102196033

            Reply
          3. bobnstuff January 9, 2015

            Did you read the article, it proves what I said. The rich are getting richer because they are investingin stock and are making money.

            Reply
          4. mike January 9, 2015

            Are you really as dense as your sound.
            The massive cash infusion into financial system by the Federal Reserve is because the Fed believes the economy is not performing as it should. Once the economy improves to the level of which the Fed. believes is appropriate they will increase interest rates, which the Stock Market hates. Once rates go up the Market will adjust.
            It is printing money per se. PS: money is debt.

            Reply
          5. bobnstuff January 9, 2015

            Read the corporate reports, they are making money. You know profits, paying divided, bonus’s. The GDP is
            up, money is changing hands. Do you know nothing about business. Yes government policies are helping but stock prices don’t mean profits. It’s the exchange of services and goods that run the economy.

            Reply
          6. mike January 10, 2015

            They have making profits during this downturn, how do you think they have been buying their stock back at such a high rate. They have cut cost, less employees, etc., which effects their bottom line. Duh!!! Which is one of the other reasons by the market is up, supply and demand.

            Reply
          7. Independent1 January 10, 2015

            Not only are you arguing to put the blame on Obama for economic conditions that ARE THE FAULT OF THE GOP, you are also arguing AGAINST HISTORY:

            From Fox Business:

            However, history actually shows that the U.S. economy, stock prices and corporate profits have generated stronger growth under Democratic administrations than Republican ones.

            ————–

            And that’s history over the past 100 years!! The GOP ALWAYS SCREWS UP THE ECONOMY!!

            So WHAT ARE YOU ARGUING ABOUT???

            Here’s just a little more from that FOX ARTICLE:

            According to McGraw-Hill’s (MHP) S&P Capital IQ, the S&P 500 has rallied an average of 12.1% per year since 1901 when Democrats occupy the White House, compared with just 5.1% for the GOP.

            Likewise, gross domestic product has increased 4.2% each year since 1949 when Democrats run the executive branch, versus 2.6% under Republicans.

            Even corporate profits show a disparity: S&P 500 GAAP earnings per share climbed a median of 10.5% per year since 1936 during Democratic administrations, besting an 8.9% median advance under Republicans, S&P said.

            Due to their “tax-and-spend” reputation, investors expect Democratic administrations to underperform Republican ones and be “poison to any portfolio,” Sam Stovall, chief equity strategist at S&P Capital IQ, wrote in a note. “History shows the opposite to be true, however.”

            ——————

            Let me see you try to argue HISTORY AWAY!!

            http://www.foxbusiness.com/investing/2012/09/04/history-shows-markets-gdp-outperform-under-democrats/

            Reply
          8. mike January 10, 2015

            Deny the Stock Markets growth is mainly do to the Feds. infusion of massive amounts of cash because of the sick economy.

            Keep trying.

            Reply
          9. Independent1 January 10, 2015

            Here’s an article that supports your contentions and proves that Mike is off base. I generally refuse to argue with him because he never can admit he’s mistaken even when you produce clear cut facts that he’s wrong. It’s like arguing with a total imbecile.

            But see this:

            Ironically as we gave our businesses more and more money with lower taxes, less regulation, tax funded price supports, hand-tied their unions, and made free new technology at our taxpayers expense, despite all these perks and incentives, they invested less. So what are they doing with their money? Pick up any financial publication and read the headlines. They all will let you know.

            Rather than invest in plants and equipment, businesses are primarily using their funds to repurchase their own stocks in order to boost management earnings and ward off hostile take-overs, pay dividends to stockholders, and accumulate large cash and bond holdings.

            None of which help our economy. It is as if we work hard, buy their products, and they put that money into a mattress. Soon, we are going to run out of money. Fortunately the Fed has filled the gap by printing more and giving it to banks for free. It too, filters though the system, and when it gets to the top, it goes into the mattress.

            Instead of recycling money, we are letting the tap flow from our printing presses to the top echelon of our society… Now do you get it?

            What is missing is a system that recycles the materials back into our economy so we have less money we need to print. If we were talking about paper, we would be saying we need to recycle paper to keep from cutting down more and more trees simply to fill up our landfills….

            We need a system to return that money to the bottom so it can rise again and again and again.

            Here are the options that have been tried across our lifetimes..

            1.Price and pay freezes.
            2.Government set and regulated prices.
            3.Lower tax rates.
            4.Cash incentives from taxpayers to reinvest.
            5.Pleas and entreaties from the Oval Office.
            6.Higher marginal tax rates.

            Only one of these has worked. Can you guess which one? If you guessed higher tax rates spur reinvestment you are absolutely correct.

            Notice the rates of reinvestment climbing in each of these presidencies: Eisenhower, Kennedy-Johnson, Carter, Clinton each time Congress legislated higher marginal tax rates.

            Also notice the drops under Nixon, Reagan, and George W. Bush as Republicans cut the taxes…

            The Bush Tax Cuts held through Obama’s first term, and account for today’s sluggish reinvestment. I can’t wait to see 2013’s numbers, for I expect to see real investment increase there as well, thanks to the Biden higher tax rates on the top half-percent. However those higher tax rates implemented at 2013’s beginning, sent financiers scurrying and bargain empty-homes were bought up en masse by investors with cash which subsequently brought up the floor of the housing market (perhaps to our future peril). It also accounts for stocks becoming an receptacle of liquidity to hold cash,..explaining the record highs …. It appears those tax rates need to go higher.

            http://www.dailykos.com/story/2014/02/20/1279063/-Economic-Stagflation-Two-Charts-I-Saw-On-Kos-The-Entire-World-Must-See?detail=email

            Reply
          10. bobnstuff January 10, 2015

            Quantitative Easing ended in Oct. and the Fed is planning to start increasing interest rates early this year

            Reply
          11. mike January 10, 2015

            Nice try again!!!
            Their last meeting in December they said “rate rise was unlikely before April”. Possibly in June.
            It will be based on concerns for international factors could pose risk to economy. It also went on to say, it would be “patient” in when it decides to raise rates.
            It did say that the extra stimulus won’t be needed much longer.
            As to your statement on QE ending, not really, it has taken its foot off the accelerator but it still will have impact for now considering all the bonds it holds. Reinvestment in more bonds from the proceeds will continue, ergo, more stimulus.

            Rate changes? It will depend on when the Koch brothers want the increases.

            Reply
          12. bobnstuff January 10, 2015

            You could well be right on the last statement, the shadow government has gotten way to much power.

            Reply
          13. mike January 10, 2015

            You are killing me!!! What a joker you are!!! Still enjoying the laugh, thanks.
            Koch Brothers, influencing The Federal Reserve, Really??? LOL!!

            Reply
          14. bobnstuff January 10, 2015

            I agree with you and you argue?

            Reply
          15. mike January 10, 2015

            Really!!

            Reply
          16. kenndeb January 10, 2015

            Do you really expect a liberal to believe truth? They will continue repeating the regime propaganda no matter what. Our economy is in the tank. Unemployment is at record highs. More people are on public assistance than ever before. All the regime propaganda uses formulas that only reflect what they want the liberals to believe`. Anyone with a brain can see how bad our economy and regime really is. Liberals are either too stupid to see, or they are just good little communists supporting Americas demise.

            Reply
          17. mike January 10, 2015

            I enjoy tweaking their circle jerk conversations that are made up of lies, half-truth and outlandish statements.

            Reply
      2. bobnstuff January 9, 2015

        How do you know how many of those jobs are part time? Since the ratio of part time workers to full time workers
        has changed little in a number of years it is interesting that people always use that comment. Give me a reliable source please.

        Reply
          1. bobnstuff January 9, 2015

            Try going to the source of all these numbers the BLS and look at the raw data the ratio of part time jobs
            to full time jobs have moved little over the years. We create part time jobs because they are the first ones cut. In the last 20 years there has been a 2% shift in the ratio. Not earth shaking.

            Reply
          2. mike January 9, 2015

            No, get your head out of your ****.
            So, lets use this yeas job numbers. So you are telling me that this years part-time new hires which has been 3 out of 4 new employees is normal, Right??? And all the articles are wrong that there is not a disproportionate number of part-time hires over full time. You are the one with an agenda of denial.

            http://www.huffingtonpost.com/2013/08/21/part-time-job-creation_n_3788365.html

            I am sending the WSJ article again because you either didn’t read it or you can’t comprehend.

            http://www.washingtonpost.com/blogs/post-partisan/wp/2014/07/03/the-insiders-this-months-jobs-headlines-dont-tell-the-true-story/

            http://www.cnbc.com/id/102243878

            Do this, show me the number of full time hires this year, part-time hires.

            Reply
          3. bobnstuff January 9, 2015

            Raw numbers from BLS.gov.
            12/2013
            117,240,000 full time employees
            27,434,000 part time employees
            12/2014
            119,934,000 full time employees
            27,506,000 part time employees
            .
            These are the raw data from the BLS. You tell me what the ratio of full time to part time is and the change. This is a prime source.

            Reply
          4. mike January 9, 2015

            Nice try!!
            I asked you to show full time hires in 2014 and part time hires in 2014.
            Prove all the analysts wrong, show that in June that there were more than 13,000 new full time jobs. That there weren’t 500+K full time jobs lost and 700+K part-time jobs added.
            Or in the December 5 report, that full time jobs declined 150K while part-time increased by 77K. No, you are going to have to better than that. I dug deeper and found the numbers your turn to prove the analysts wrong.

            http://money.cnn.com/2014/11/20/news/economy/america-part-time-jobs-poverty/

            So all these financial entities, analysts are all wrong, These networks, analysts would rather lie and ruin their reputation with false and fake numbers, Right?? Now that is funny.

            Reply
          5. bobnstuff January 10, 2015

            Read the report from the BLS and see if you can find anything on number of part time jobs vs full time job creation other the what I pointed out. The numbers they are saying must come from some were but I sure can’t find them other then in the media. I know you believe what you have read as I did at first but when Huffington Post kept changing the numbers they were using I decided to go to the source. The other thing I found interesting is the grafts they use, check the ledger and you will see that it is only small part of the graft. If you view the whole graft the large hills smooth out and you can see the real picture. I love how with out technically lying you can make people think a small change is major.

            Reply
          6. mike January 10, 2015

            i did and I found them, when Zuckerman wrote his article back in July I went in full search mode and found the proof. If you are to lazy then that’s fine.
            Mort Zuckerman is Chairman, Editor and chief of US News and World Report, and you believe he would destroy his reputation with lies, mistruth, etc.. WSJ would not check out his numbers before featuring his article? give me a break. He is not the only one finding the numbers. Now you are calling Huffington, no friend of the right, a liar. Hell I thought I was being balanced with different sources, so I guess if it doesn’t fit your agenda, no source is correct.
            Keep that head down there with Reid where the sun don’t shine.

            Reply
          7. bobnstuff January 10, 2015

            Did you see the numbers in the BLS report? it’s a simple question. This is were the numbers are supposed to be from. Did you see them?

            Reply
          8. mike January 10, 2015

            Can’t find them? now that is funny. Interesting that the administration has not attack the conclusions of the analysts on part-time low paying jobs being a lie, fabrication from the sources I gave you.

            Reply
          9. Independent1 January 10, 2015

            Exactly what are you trying to prove with your part time – full time nonsense?? That all Reagan’s efforts to destroy the bond between workers and company management is finally reaping it’s biggest rewards?? After 20 plus years companies have finally reached the point where they really don’t give a damn whether the people who work for them live in total poverty or not?? Because that’s exactly what you’re succeeding in proving.

            Reagan spent 8 years brainwashing the American people into believing that Government was the evil and corporate management across the nation that the only thing that mattered was the bottom line – to hell with employees, do whatever it takes to make the max profits for your holy stock holders!!

            What a load of crap!! And so you trying to make this look like Obama has been responsible for this is the absolute height of IDIOCY!! WHICH DESCRIBES YOU PERFECTLY – THE WORLD’S BIGGEST IDIOT!!!!!!

            I lived through Reagan’s hellish presidency. I watched numerous of my fellow workers who had dedicated their lives to the company I worked for get laid of just so they could be replaced with younger workers who would not only do more but at a drastically reduced salary. And it all started around 1983 after Reagan had busted the Air Traffic Controllers Union and proved to corporate managements across the nation that “If the President doesn’t have to deal in good faith with a union, why are you worrying about it??” And starting there, Companies did exactly that – STOPPED WORRYING ABOUT DEALING FAIRLY WITH THEIR WORKERS AND IT’S ALL GONE DOWN HILL FROM THERE!! NO PENSIONS!!! NO MORE MATCHES FOR 401Ks, NO MORE HEALTHCARE IN MANY COMPANIES!! NO MORE PAID SICK LEAVE IN MANY ALSO!! AND ON AND ON AND ON – AND IT ALL STARTED WITH AMERICA’S WORST PRESIDENT EVER – RONALD THE RAT REAGAN!!!!

            Reply
          10. mike January 10, 2015

            i see still living in the past and fully delusional.
            Football far more fun that the ramblings of one sick, hateful person. Ta Ta

            Reply
          11. Independent1 January 10, 2015

            I have a couple questions for you lowlife:

            Do you have any money in the stock market??

            Are you working or do you have any family members that are working?

            If so, why are you supporting a political party that has demonstrated over the past 100 years that it is a disaster to anyone’s dreams of a comfortable retirement by virtually always trashing the stock market and producing what history shows are at best very mediocre returns from the market – a measly 5.1% gain. Do you even realize what the difference between a 5.1% gain under the GOP and 12.1% under the Dems could mean over 40 years or more of investing?? We’re talking about the difference hundreds of thousands of dollars in what someone’s investment account would grow to. The difference between struggling in retirement and living comfortably. And you want to wish that on your family??

            And that’s just the stock market. The GOP fights to keep people’s incomes at poverty levels which dumb down the pay and income of everyone – and you want to wish lower pay, lower advancement on your family??

            And the GOP is even disastrous to the economy and our country’s GDP growth!! Why in the world are any of you RWNJs supporting a party that DUMBS EVERYTHING DOWN AND FORCES MILLIONS OF PEOPLE WHO LIVE IN THE STATES IT GOVERNS INTO LIVING BELOW THE POVERTY LEVEL????

            WHAT KIND OF PEOPLE ARE YOU???? SADISTIC??????

            Reply
          12. mike January 10, 2015

            As to your questions, Yes to both.

            Now why has the stock market grown? It has been the “cheap money” provided by the FED because of the poor economy. What happens when the Fed contemplates raising the rate? The market, analysts, investors get very jittery and it adjusts.Then watch what happens, it doesn’t go up.

            So am I a Sadist or am I still Evil??? LOL!!!

            Reply
          13. Independent1 January 10, 2015

            Your so dumb your lucky you even know how to spell your name and you’re trying to tell me why the stock market has tripled in the last 6 years?? Really?? Go pound sand you idiot!!!

            And now you’re somehow trying to make what the Fed’s been doing something worthless?? Are you even aware nitwit that the Fed billions upon billions of dollars the past 6 years stimulating the market?? Far more money than IT EVER MADE under Bush??

            You better read this dumbo:

            Fed Sent $77.7 Billion in Profits to Treasury Last Year

            The Federal Reserve sent about $77.7 billion in profits to the Treasury Department in 2013, the result of gains reaped from its unconventional efforts to spur economic growth.

            In 2012, the Fed sent a record $88.4 billion to Treasury coffers.

            The Fed’s portfolio of securities and other assets has swelled to more than $4 trillion since the financial crisis, growth driven largely by several rounds of bond purchases aimed at lowering long-term borrowing costs to spur more spending, investment and hiring.

            Those efforts are now generating large profits as the central bank earns interest on the assets. The Fed in a statement released Friday said it made an estimated $79.5 billion in net interest income, a total largely driven by the $90.4 billion in interest income it made on its portfolio of Treasurys, mortgage bonds and other securities.

            http://blogs.wsj.com/economics/2014/01/10/fed-sent-77-7-billion-in-profits-to-treasury-last-year/

            Reply
          14. mike January 10, 2015

            “Feds doing something worthless” I never said that, what I said is the economy has been so poor that Fed. Reserve had to infuse massive amounts of cheap money to help stabilize the economy.

            Sorry you keep having a comprehension problem.

            Reply
          15. Independent1 January 11, 2015

            I know what you said, but in saying it you’re tryingto imply that the Fed doing that is out of the ordinary when the only thing out of the ordinary is that the Fed has had to do it for so long because the GOP has refused to allow the Dems to do anything to more quickly improve the economy: Like sitting on 2 jobs bills for 3 plus years that would have created 2-3 million plus higher paying jobs; like refusing to even consider raising the min wage which the CBO said would have lifted several million out of poverty and spurred the economy; doing evrything they could think of to dumb down the economy like even shutting down the government. When are you going to stop being a louse???

            Reply
          16. mike January 11, 2015

            What the heck are you talking about??
            Quit trying to put words in my mouth, I never said extraordinary move by Fed or anything like that or that it had never happened before. Seriously, you are very delusional,
            One more time, The massive infusion by the Fed. Reserve was to help stabilize the economy since it was performing so poorly.
            So, you have accused me of calling Fed. Reserve actions “worthless”, “out of the ordinary” words never used by me. You really are crazy.
            Louse? really??
            Give me the bill that the govt. could create millions of high paying jobs directly for business. Just curious!!! So I guess this is your way of saying the disproportion amount of new jobs are part-time low paying jobs. Look forward to being informed with all that you say.

            Reply
          17. Independent1 January 11, 2015

            I don’t care what the reason was – why do you think it’s necessary to make a NEGATIVE TYPE comment about everything?? Why are you RWNJs on here in the first place being negative about everything when the reason that the Fed had to pump extra money into the economy is THE UNPRECEDENTED OBSTRUCTIONISM OF THE PARTY THAT YOU WORTHLESS PIECES OF CRAP ARE TRYING TO ARGUE FOR??

            My 401K has performed tons better than at any time when either of the disastrous Bushes was in office – DO YOU THINK I CARE THAT IT WAS BECAUSE THE FED WAS HAVING TO STIMULATE THE MARKET BY PUMPING IN MONEY?? OF COURSE NOT!!

            So why are you and your other idiot RWNJs bringing up every issue you can try and come up with to try to make even MORE NEGATIVE a bad situation THAT HAS BEEN MADE WORSE BY RWNJS LIKE YOU!!!!!!!!

            SHUT UP!!! WE DON’T WANT TO HEAR YOUR OPINION ABOUT ANYTHING!! GO POST ON YAHOO NEWS WHERE YOU’LL HAVE TONS OF OTHER NEGATIVE ASSHOLES LIKE YOURSELVES!!

            Reply
          18. mike January 11, 2015

            SHUT UP!! REALLY!!

            Your post is a typical left wing, progressive, socialist/communist response to any good person with a different point of view from yours. As most on the left think, Free Speech, doesn’t exist unless it conforms only with what they want people to hear.

            Why am I on this site?? Pretty simple, you can not have your take on politics with lies, half-truths and expect not to be challenged. When Henry Decker wants me to be removed I will stay right here and prove you wrong.

            Just to show you a perfect example of why I read the posts on NM, especially yours.
            You said, “that the republicans were holding up bills that would create 2-3 million high paying jobs”. I asked you to produce the bill/bills that would produce such a govt. result and what did I get back was rambling, ranting, attack, to shut up and leave you and your ilk alone.
            It’s not going to happen, so get over it.

            Reply
          19. Independent1 January 11, 2015

            The bill that the CBO projected would create 2-3 million jobs was called the American Jobs Act and if you’d like to see all it includes all you have to do is look it up on Whitehouse.gov . It coveres a considerable amount of infrastructure improvements which would have put people to work repairing and building new schools. Repairing failing highways and federal buildings, and on and on.

            Well, I’m sure you’re aware that every NRWJ posting on the NM immediately ignores virtually everything in a post that says Mike, Joe Schmo, kenndeb, and on and on as soon as we see the name on it because we know it’s just one more worthless piece of lies, distortions of the truth, total fabrications and other worthless rantings.
            So suit yourself. But just be aware, you’re accomplishing nothing on the NM aside from reinforcing virtually every SANE posters hatred for the GOP on this blog site.

            And what’s not to hate when a political party has had a record over the past 110 plus years of doing nothing but work to destroy the country we live in by:

            .Fighting against every effort anyone has made to improve the lives of the vast majority of Americans

            .Running up more than 97% of America’s current 18 trillion in debt.

            .Destroying the performance of the stock market which millions of Americans have depended on for their retirements (with 0% gain since 1929)

            .Being responsible for virtually every major crash of the stock market – 1929, 1987(biggest one-day drop in the Dow at that time); and 2008/9

            .Being responsible for starting a war based on lies and distortions that ended up killing more than 4,000 Americans and countless Iraqi’s

            .Being responsible for robbing Americans of more than 6 trillion of income (more than $48,000 per person) with it’s mindless 2 unwarranted tax cuts in the early 2000s

            .Being responsible for having the only major terrorist attack that killed almost 3,000 Americans on a president’s watch via direliction of duty by deliberately refusing to act on 7 warnings the attack was coming

            . Being responsible for the suffering of every American through 14 of 17 recessions and all 3 depressions that have inflicted our country

            .Meeting the night of Obama’s inauguration to plan how to Sabotage the American economy which has exascerbated the suffering of every American aside from its elite over the past 6 years.

            .Refusing to expand Medicaid in 24 red states that resulted in more than 10,000 Americans dying prematurely in 2014 due to the lack of the health care they needed.

            And I could go on and on and on with one disaster after another that the GOP has inflicted on THE COUNTRY I LIVE IN!!! WHY SHOULDN’T I HATE IT AND WHAT YOU STAND FOR?????????

            Reply
          20. mike January 11, 2015

            You mean the “Son of Stimulus” that Obama’s own appointee to the Economic Recovery Advisory Board, Martin Felstein said would have a price tag of $200,000 per job. Remember CBO jobs created by Stimulus would cost between 4.1 million to 540,000 per job. That Democrats as well as Republicans were balking at. Democrats saying too many tax breaks, others opposing the too much spending.
            Did you forget it was both democrats and republicans that stalled the bill. If you had taken the time to look at the breakdown of the bill you would have seen how lopsided the bill was.

            Keep he hate going and the rambling, ranting about the past.

            You can have your view of how the parties and I will continue to have mine.

            What you do have is the right not to respond to my or any of the other that post with opposing views.

            Don’t post!!!! Quit getting your blood pressure up because we don’t agree with your slanted view. Just that simple.
            I can’t help you can’t see the forest for the trees.

            Reply
          21. Independent1 January 10, 2015

            And you’d be wise to take a look at this article on just HOW TERRIBLE the stock market has performed under Republicans since 1929 – it’s up 300% under Dems and 0% under Republicans.

            Wow!! Talk about being disastrous!! And that’s 85 years of history, not just one presidency!!!!

            Good ole Georgie Boy lost me over $150,000 in my 401K during his disastrous 8 years; on a net basis over the past 15 years.

            Stock Market Has Performed Much Better Under Democrats Than Republicans Since 1929: Studies

            How soon they forget.

            Wall Street may seem more often aligned with the Republian party but according to several studies, it’s the Democratic party that’s been the best for investors. Since 1929, the stock market has seen real gains of 300 percent while its net gain has been 0 percent during the same period under Republican administrations, The Economist reports.

            Better watch this before you get any dumber!!!

            http://www.huffingtonpost.com/2012/10/15/democratic-presidents-stock-market_n_1967522.html

            Reply
          22. mike January 10, 2015

            Keep huffing and puffing!!! Keep rambling! Keep ranting!!
            My God your face must be red!! LOL!!
            You are one hateful person. You need to get to church, Now!!!

            Reply
          23. Independent1 January 10, 2015

            As I said before: I hate the evil that you represent!! Support for a political party that’s hellbent on destroying America for the benefit of the already elite!!!!!!!!!

            Reply
          24. mike January 10, 2015

            So much hate for such a little mind

            Reply
          25. Independent1 January 10, 2015

            Mike is doing what typical RWNJs do – trying to put the blame on Obama for an economic problem that the GOP not only created but is trying to perpetuate. Here was my recent post to Mike the lowlife:

            So what does all that have to do with Obama? The fact that companies across the nation are hoarding trillions of dollars overseas rather than pumping them more into expanding their companies and creating more higher paying jobs, is the fault of the GOP for refusing to tackle our failed tax code. It’s the fact that the GOP lowered the tax rate to 15% on capital gains that has reduced the incentive of large companies to risk putting more money into their companies than just be satisfied with the money they’re making from their overseas investments.

            And it’s mainly the GOP’s fault that so many low paying jobs are being created by enacting right-to-work laws in red states across the nation, which have destroyed unions and allow employers to pay their employees minimum wage rates, WHICH ONCE AGAIN, the GOP REFUSES TO INCREASE!!!

            Like a typical RWNJ LOWLIFE, YOU’RE ARGUING TO PUT THE BLAME ON OBAMA FOR A PROBLEM THAT THE GOP IS CREATING!!!!!

            Reply
      3. Independent1 January 10, 2015

        So what does all that have to do with Obama? The fact that companies across the nation are hoarding trillions of dollars overseas rather than pumping them more into expanding their companies and creating more higher paying jobs, is the fault of the GOP for refusing to tackle our failed tax code. It’s the fact that the GOP lowered the tax rate to 15% on capital gains that has reduced the incentive of large companies to risk putting more money into their companies than just be satisfied with the money they’re making from their overseas investments.

        And it’s mainly the GOP’s fault that so many low paying jobs are being created by enacting right-to-work laws in red states across the nation, which have destroyed unions and allow employers to pay their employees minimum wage rates, WHICH ONCE AGAIN, the GOP REFUSES TO INCREASE!!!

        Like a typical RWNJ LOWLIFE, YOU’RE ARGUING TO PUT THE BLAME ON OBAMA FOR A PROBLEM THAT THE GOP IS CREATING!!!!!

        Reply
        1. mike January 10, 2015

          I see you are deep in the manure again!!!
          “GOP refusing to tackle tax code” what a laugh. We will see what happens with tax reform in 2015, I have a feeling there will be changes,or will it be vetoed if Obama says “I have to like it”. Going to be fun to watch who the real obstructionist really are.
          What i have seen with the unions, when employees given a choice of having monies taken by unions they say NO!!
          Hey, you said you were done talking to the “Evil one”. You are so easy!!!

          Reply
  2. Paul Anthony January 9, 2015

    What, exactly, did the President do that caused this so-called improvement?
    Businesses are expanding because consumers are spending more. People are spending more because gas prices have dropped. Thank Saudi Arabia and fracking.

    Reply
    1. Independent1 January 10, 2015

      The one big thing he did actually occurred 6 years ago when despite total GOP opposition, he went ahead with the auto bailout that Bush had set up and then demanded and went forward with a stimulus. This one action is what has set everything up. Virtually every economist agrees that it was Obama going forward with the auto bailout and stimulus that kept America, and the world, from falling into the 2nd GOP created world-wide depression.

      It was that revival of the auto industry which prompted the oil industry to go ahead with exploration of oil in North Dakota which turned ND into the leader of job creation and oil production in the nation. Oil when Obama took office was selling for $30/barrel and there’s no way anyone would have put money into its further exploration without some sense that the auto industry and economy would start picking up – which is exactly what Obama accomplished. Such that today, America is the largest producer of oil and gas on the planet.

      And the stimulus also reved research and exploration into alternative energies which spurred the creation of numerous companies in the wind, solar, tidal, hydro, plasma and other alternative energy production – all of them resulting in creating jobs.

      Creating jobs such, that more jobs have been created over the past 6 years that were created in all of Bush 1 and Bush 2s times in office. And which has allowed to drop what was a 10.1% unemployment rate when the sky finally stopped falling on jobs because of Bush’s gross mismanagement of the economy, down to 5.6% today – the biggest and fastest drop in unemployment in our nation’s history. And actually reaching a percent now, in just 6 years, that Ronald Reagan never achieved in 8 years.

      And it’s been the surge in oil and gas production and focus on alternative energies, including requiring auto companies to produce more efficient cars, that is a big factor in why there is an oil glut today that is driving down gas prices at the pump which is helping spur the economy. Barack Obama has done FAR MORE than a disastrous president name Reagan ever did, to move America forward.

      Ronald Reagan took office at the cusp of the personal computer revolution (IBM introduced the PC several months after Reagan was elected), which should have created a monstrous economy, and Reagan SKEWED IT UP. There were only 16 million new jobs created during his disastrous 8 years compared to 24 million during Clinton’s 8 years; and Reagan governed at a time when the American economy should really have soared. But he dumbed it down with his nonsensical tax cut and trickle-down economics fantasies. His initial governance was so bad, that he actually had a 35% approval rating during his 2nd year in office, the worst approval rating during the 2nd year of any president since those kinds of ratings have been done.

      Reply
      1. kenndeb January 10, 2015

        Copy and paste King strikes again.

        Reply
        1. Independent1 January 10, 2015

          Yeah I know! You RWNJ lowlifes just don’t like to see the truth presented do you?? And just for the record, there’s not one copy and paste in the above post!!!!!!

          Reply
          1. kenndeb January 10, 2015

            If you could not copy and paste from your regime propaganda sites you would have nothing to post. You can’t post about your life experiences because you have no life outside your bubble.

            Reply
          2. Independent1 January 10, 2015

            And is that what you’ve been posting?? Your extensive experiences that have turned you into a lowlife???

            Reply
          3. kenndeb January 10, 2015

            My God what an idiot you really are. Step outside your bubble, and have a real life, and not live vicariously though others.

            Reply
          4. Independent1 January 10, 2015

            I don’t have to step outside my door, but if I did, I’ll guarantee you I’d see a lot more pleasant things than you ever will outside of yours. I have 4 daughters, 11 grandchildren and 2 great grandchildren; and I’ll be damned if I’m going to let you RWNJ idiots destroy their futures!!!

            Reply
          5. kenndeb January 10, 2015

            Funny. I have 3 daughters, 9 grandchildren, and 3 great grandchildren, and I think it is people like you that are supporting the Emperor and his communist minions that are destroying the future of ALL children in this country. One day you too will wake up, but by then it will be far too late. So sad.

            Reply
          6. Independent1 January 10, 2015

            Let me ask you the same questions I just asked another RWNJ lowlife posting as Mike:

            I have a couple questions for you lowlife:

            Do you have any money in the stock market??

            Are you working or do you have any family members that are working?

            If so, why are you supporting a political party that has demonstrated over the past 100 years that it is a disaster to anyone’s dreams of a comfortable retirement by virtually always trashing the stock market and producing what history shows are at best very mediocre returns from the market – a measly 5.1% gain. Do you even realize what the difference between a 5.1% gain under the GOP and 12.1% under the Dems could mean over 40 years or more of investing?? We’re talking about the difference hundreds of thousands of dollars in what someone’s investment account would grow to. The difference between struggling in retirement and living comfortably. And you want to wish that on your family??

            And that’s just the stock market. The GOP fights to keep people’s incomes at poverty levels which dumb down the pay and income of everyone – and you want to wish lower pay, lower advancement on your family??

            And the GOP is even disastrous to the economy and our country’s GDP growth!! Why in the world are any of you RWNJs supporting a party that DUMBS EVERYTHING DOWN AND FORCES MILLIONS OF PEOPLE WHO LIVE IN THE STATES IT GOVERNS INTO LIVING BELOW THE POVERTY LEVEL????

            WHAT KIND OF PEOPLE ARE YOU???? SADISTIC??????

            Reply
          7. Independent1 January 10, 2015

            And in case you’re wondering – I didn’t get those 5.1% overall GOP and 12.1% Dem return rates from one of my “regime propaganda sites”; I got them from the bastion of RWNJ idiocy called Faux News.

            Here’s the link if you want to verify my numbers which show that virtually anyway you want to measure it Republicanism is a disaster to our economy);

            http://www.foxbusiness.com/investing/2012/09/04/history-shows-markets-gdp-outperform-under-democrats/

            When Republicanism has been responsible not only for what the Faux News article shows but also for 14 recessions and 3 depressions (and the Dems only 3) That have occurred in America since 1910 – THE GOP IS JUST A DISASTER WAITING TO HAPPEN!!!

            Reply
      2. Paul Anthony January 10, 2015

        The administration has done everything it could to HINDER the increase in oil production. The environmentalists have demonized fracking, and the renewable energy fanatics NEED higher gas prices to make solar and wind seem competitive.
        Since most of the solar companies funded by this government have declared bankruptcy, how many permanent jobs has solar created?
        The economy is improving because free market fundamentals have prevailed in spite of high regulation and attempts to stymie growth.
        Things have improved on President Obama’s watch, but in spite of his efforts, not because of them.
        BTW, he didn’t “save the auto industry”. He saved the auto unions. If GM and Chrysler had failed (as they deserved to) there would have been more demand for and more jobs from Ford, Toyota, Honda…It’s not like everyone would have stopped buying cars!

        Reply
        1. Independent1 January 10, 2015

          The only thing the Obama Administration refused to do was extend more drilling permits to the Oil and Gas industry (especially those near national parks and other monuments) when they already had permits covering millions of acres of land across the nation. The administration in NO WAY hindered oil and gas exploration – in fact, it has looked the other way countless times when environmentalists brought up clear evidence that fracking has been destroying people’s homes, including many farms, across the nation. Even when it has encroached very close, and even into, to what should be protected lands.

          And when the auto industry was going bust, even the foreign auto makers claimed that if GM and Chrysler went bust along with some of the small auto parts makers, the entire auto industry in America would have collapsed. Yes, the downturn was that bad. Although Ford didn’t need a bailout auto sales were way down – it was only Obama going forward with the stimulus which put money back into the economy and spurred some auto sales that kept Ford and the foreign automakers from going under.

          Had Obama not gone ahead with saving GM and Chrysler, Mitt Romney and his hedge fund buddy Singer, would have bought those to companies out and destroyed them in America and shipped them to China just like they did with the auto industry’s largest auto parts maker Delphi (which used to be Delco). And during that process, which would have taken months to get production restarted in China, America would have sunken further into recession and most likely ended up in a full depression.

          Mitt Romney didn’t give a damn about America. He and Singer destroyed Delphi at a time when our country was struggling all Romney cared about was money. He and Singer even tried to push GM and Chrysler into bankruptcy by refusing to provide them with the small parts they needed after Romney and Singer had bought Delphi for a song (69cents/share when it had been in the mid $20 range). Fortunately, the judge overseeing the leveraged buyout insisted that Delphi had to honor its commitments to the auto industry or the buyout could not go forward.

          But at a time when America had already lost millions of jobs and was losing 800,000/mo, Romney and Singer destroyed all 25,000 Delphi union jobs, pocketed the pension monies and dumped the retirees pension liabilities onto us taxpayers and shipped all 25,000 jobs to China. Delphi now operates in China, Mexico and some other foreign countries and employess almost 100,000 workers. Mitt Romney is one of the most unAmerican people in our country – and once again he’s thinking of running for president so he can turn America into the world’s first corporate-run nation.

          Reply
          1. Paul Anthony January 11, 2015

            I’m sorry, I thought most people knew this. Most “foreign” auto manufacturers build cars in the US for the US market.
            The jobs wouldn’t be shipped overseas. However, most of the plants here are in right-to-work states.
            Skilled workers would still have jobs and consumers would still have American-made autos. Only the unions would suffer a loss. Obama saved the unions.

            Reply
          2. Independent1 January 11, 2015

            I realize that. But at the time of the auto industry slow down, virtually all manufacturers in the U.S. depended on Delphi for their small car parts (aside from maybe Ford), and that included Toyota and some other foreign car markers. During the slowdown where all the automakers had almost stopped building cars, Delphi had shed thousands of workers and was down to 25,000 employees at the time Obama was going forward with the bailout.

            Toyota during that time announced that if GM and Chrysler went bust, there would not be enough small parts demand to keep Delphi going and therefore Toyota may have to discontinue production in the U.S. also.

            It was only Obama going through with the bailout and saving GM and Chrysler, and the judge overseeing Romney and Singer’s buyout of Delphi insisting that Delphi had to stay in business in America long enough for GM and Chrysler to restart production and start getting their small parts from China – that allowed the auto industry to recover, saving around 1.5 million jobs and the entire economy to start it’s recovery and stay out of a depression.

            Reply
          3. Paul Anthony January 11, 2015

            So, according to your post, everyone is getting their small parts from China now? How did that help?
            The only people who avoided a depression were the union workers. The rest of us didn’t.

            Reply
          4. Independent1 January 11, 2015

            Ask Romney how it helped for him and Singer to buy out Delphi and ship all the union jobs to China. Actually, since then Delphi has expanded to almost 100,000 workers in China, Mexico and some other foreign country. And given how Romney and Singer pirated Delphi, if you don’t think they would have done the same to GM and Chrysler if they’d been on the auction block – you must live on another planet.

            (They dumped all the union workers and kept the office staff that wasn’t unionized. There are still about 1,000 of these folks in the U.S. I think mostly in GA.)

            Reply
          5. Independent1 January 11, 2015

            You’re last comment is also wrong – not that he didn’t save the unions, but he also saved GM and Chrysler from being bought out by Romney and his buddy Singer and shipping the two companies to China like they did with Delphi. Why do you think Romney was constantly harping on Obama to let GM and Chrysler to go into bankruptcy?? Because he and Singer were just chomping at the bit to make millions, probably billions more from the leveraged buyout of GM and Chrysler while they also pocketed all the Unions pension funds and dumped the pension responsibilities on YOU AND ME like they had done with Delphi – we’re supporting the pensions of the 25,000 union workers that Romney and Singer dumped onto unemployment and retirement.

            Reply
          6. Paul Anthony January 11, 2015

            Assumption. You can’t know (1)what Romney was thinking; or (2) What he would have or COULD have done.
            What DID happen is the unions became part-owners of GM and the stock holders lost their entire investment.

            Reply
          7. Independent1 January 11, 2015

            The stock holders effectively lost all their share values in GM back in December when the company ran out of money and Bush had to inject their operations with billions. LONG before any deal was made with the unions. See this:

            December 12, 2008: General Motors stated that it was nearly out of cash, and may not survive past 2009. The U.S. Senate voted and strongly opposed any source of government assistance through a bailout bridge loan (originally worth $14 billion in emergency aid) which was aimed toward helping the struggling Big Threeautomakers financially, despite strong support from President George W. Bush and President-elect Barack Obama, along with some mild support from the Democratic and Republican political parties.

            Prior to the U.S. Senate’s announcement, General Motors announced that it had hired several lawyers to discuss the possibility of filing for bankruptcy, with Chapter 11 bankruptcy being one of the options discussed. GM stated that “all options are on the table” for the company. Chrysler LLC, which is owned by Cerberus Capital Management, in a similar financial situation, warned that it, too, was nearly out of cash and might not survive much longer.

            December 18, 2008: President Bush announced that an “orderly” bankruptcy was one option being considered for both General Motors and Cerberus-ownedChrysler LLC. Sources said that setting up this type of “orderly” bankruptcy would be complicated because it would not only involve talks with the automakers, but also the unions and other stakeholders would have to be involved.

            December 19, 2008: President Bush approved a bailout plan and gave General Motors and Chrysler $13.4 billion in financing from TARP (Troubled Assets Relief Program) funds, as well as $4 billion to be “withdrawn later.”

            Reply
          8. Paul Anthony January 11, 2015

            A normal bankruptcy procedure would have hurt a lot of people, but stock holders wouldn’t have lost everything. One of two outcomes were possible: (1) A reorganization, with stockholders keeping their shares even though the stock price might have fallen further (not likely – but possible) or (2) a liquidation, in which case bond holders would be paid and stock holders would have received pennies on the dollar.
            But instead, they got nothing. And the unions became the new stock holders.

            Reply
          9. Independent1 January 11, 2015

            GM was going to opt for chapter 11. See this from wikipedia:

            Stockholders of a company in chapter 11 generally receive value only if all claims of the company’s secured and unsecured creditors are fully satisfied. In this case, management strongly believes all such claims will not be fully satisfied, leading to its conclusion that the common stock will have no value.

            Reply
          10. Paul Anthony January 11, 2015

            But bond holders would have been paid. Bonds are secured debts.

            Reply
  3. jamcrky January 9, 2015

    What annoys me about the Dems is their silence on this matter. We now have 56 months of employment growth with a reduce unemployment rate. The Repubs are in the process of trying to steal the credit from the President who may it happen. Dems should be out there praising this President on every Sunday morning talk shows comparing the differences from 2008 and now.
    Yet i hear very little from the Dems.

    Reply
  4. Charvi3 January 9, 2015

    I have been in meditation and prayer for that “Humble Man” in the White House…and it is 4 to 5 hours a day…with a recipe of Psalms…and I got two Thank You letters…which when he writes uses the word, “WE” not the word “I”…and clearly stated he cannot do anything without me by his side…or without you….and, Michelle, sent me an e-mail stating, Fran, me and my husband feel that beautiful energy of prayer coming from you and we appreciate it from the bottom of our hearts….now, come on…and I have stated to a lot of people that no weapon that they are trying to do to hurt him is going to succeed and they have all flopped…believe me and those “Right Wing Republican Conservatives” that have been using their “NASTY POLITICS”…to rule the U.S. as if it cannot rule itself nationally…and I have always said give enough rope to people doing evil…and they will hang themselves…and all of the American People will see what they are all about…now, they want to get rid of those SSI checks that come to the handicapped people…see, both the Republican Party who voted for them..followed another saying of mine…”Stupid does as Stupid is and you cannot fix Stupid”…so, again…the employment record in September was 135,000 jobs opened up and in October….245,000 jobs have opened…and besides…Obama, was a Constitutional Lawyer and taught it…so, I am glad the Democrats are staying still…because I compare the Republican Party and the Democratic Party to the “BUTT” of a person…you have bad and good within each party…but, they are conservatives….I can remember, Paul Ryan, stating that anyone that comes to the government for help he called them “TAKERS”….look…it is the people that are paying into the Social Security Program that is paying his paycheck…again…this will wipe them out for good before 2016…..Obama, has done an awesome…and I am still in the background making sure of it….because he truly cares for each American Person…I was talking to a rep from AT&T who I have internet with and phone service with…and she told me that her sister had a baby born with, Cancer, and the family sent a letter to, Obama, and he and Michelle picked the bill up for the family and now that baby is 2 years old and doing great….you know…he has never once brought others down by name in front of the public…but, anytime you have someone nice or trying to do good for others…there are those snakes that want to “TRASH” him…no way…with, my Jesus Christ or God in the picture…when you are a blessing to others…God will bless you at all times…so, again…keep your prayers going out for him so, whatever this “Right Wing Republican Conservatives” ruling using their “NASTY POLITICS”….let them go down…

    Reply
    1. Whatmeworry January 9, 2015

      Shows that Michelle’s grasp of the written word is on par with most blcs

      Reply
    2. Whatmeworry January 9, 2015

      Shows that Michelle’s grasp of the written word isn’t on par with most bcls

      Reply
  5. Whatmeworry January 9, 2015

    Once again he Memo only wants to tell PART of the picture

    Reply
    1. Daniel Max Ketter January 9, 2015

      Welllll, The drudge resort, faux news, and weakly standard only tell part of the picture! PBS and NBC give me the big picture!

      Reply
  6. Whatmeworry January 9, 2015

    Once again he Memo only wants to tell the WHOLE of the picture

    Reply
  7. TMZ1928 January 10, 2015

    Never mind that 740,000 people gave up looking for work last month, and that there are a total of 96 million under and unemployed Americans who aren’t counted in the unemployment number.

    Reply
    1. Independent1 January 10, 2015

      Total HOGWASH!! 96 million unemployed – what a farce!! 90 million of those folks either wouldn’t take a job if you handed it to them on a platter because 1) they only want a job if it fits their schedule or tee time, 2) they’ve already got so much money they don’t need one, 3), they’re at or approaching retirement age and now that they can get affordable insurance via ACA, don’t need to work any longer, 4) are so poor and uneducated because they live in a red state that no one would hire them, 5) although the BLS may include them as supposedly employable, they have disabilities or illnesses or really have no intentions of ever working for a multitude of reasons, 6) their gainfully employed themselves and don’t factor into the job picture so the BLS doesn’t even realize that they’re actually working and put them into their employed numbers (there are millions of those).

      Reply
      1. Leftout January 10, 2015

        Unemployment had to go down, cause more finally had to get to 2 lower paying jobs at 30 hrs a week. Also insurance rates went up $5000, rather than savings us all workers $2500, as that POS do stated.. He essentially saved GM, but they had to reorganize to do it … As any company would have to, when in dire circumstances. GM still left the rest of us on the hook, since they did NOT pay the TARP fully. Deficits it went down also??? Due to effective congress preventing anymore spending. They, congress staff were doing their job

        Reply
        1. Independent1 January 10, 2015

          Sorrly, but everything you just posted is wrong!!

          Let’s start with TARP. TARP was an investment in America’s future, and as such has returned EVERY CENT THAT WAS LOANED PLUS 46 BILLION DOLLARS!! Yes, not every company that was bailed out has paid back everything, but when you consider all the interest payments made, America (us Taxpayers) is 46 billion ahead in the deal.

          And you’re comment about insurance rates going up $5,000 is absolute total nonsense. According to Kaiser Health News, since ACA was enacted, health insurance rates have increased at less than 4%/yr while they had been increasing at over 6.9%/yr. What this means is, even a person who was paying say $500/month for health insurance in 2013, was already saving more than $2,500/yr in health insurance premiums, because had ACA not been enacted, instead of paying $500/mo, they would have been paying closer to 700-750/month (or another 2,400-3000/yr). Obama was right on the mark with his $2,500/yr comment.

          And according to Kaiser Health News, in the vast majority of areas across the nation for 2015, health insurance premiums are either going up only around 2% or they’re going down. Of course that may not be the case if you’re living in a Red State hat has refused to expand medicaid and even promote ACA which has kept competition down.

          And be aware, some insurers are still selling nonACA compliant policies. So you really need to be very careful on what you’re buying. You may just be letting an insurance company defraud you just like all of them were doing before ACA.

          Reply
          1. Leftout January 10, 2015

            I was referring to GM still owing 10billion to taxes ayers who essentially bought up shares. I think help is good for American companies as was the Chrysler bailout , that improved operations.
            it is bad optics if you do nothing to trim your operations and pay these loans back. GM has lost support and sales cause some feel they have not trimmed Back properly and we are still paying. Most workers don’T mind helping out if you put out to make things better. Same idea as in payments for laggards in ACA. I personally favor r a single payer system as Medicare , where workers pay into the system and it is not an entitlement as such. Of course not everyone is working, This can be taken care of by a national health sales tax , where everyone is contibutes from goods, serves purchased, essentially a painless system.

            Kaiser group has very high premiums so they will not show a large increase in yearly costs , I contend the Rates of increase are lower, by the costs will go up when fully with mplemented . Only lower level economic people or no n working are enrolling and are heavily subsidized by you and me….. Working class. These people are happy for sure. ,

            Reply
          2. Independent1 January 10, 2015

            To begin with, you need to read this from Kaiser and it’s not just about Kasier’s premiums – it’s about ACA premiums across the nation:

            More Competition Helps Restrain Premiums In Federal Health Marketplace

            By Jordan Rau and Julie Appleby December 1, 2014

            A surge in health insurer competition appears to be helping restrain premium increases in hundreds of counties next year, with prices dropping in many places where newcomers are offering the least expensive plans, according to a Kaiser Health News analysis of federal premium records.

            KHN looked at premiums for the lowest-cost silver plan for a 40-year-old in 34 states where the federal government is running marketplaces for people who do not get coverage through their employers. Consumers have until Feb. 15 to enroll for coverage in 2015, the marketplace’s second year.

            The number of insurers offering silver plans, the most popular type of plan in 2014, is increasing in two-thirds of counties, according to the analysis. In counties that are adding at least one insurer next year, premiums for the least expensive silver plan are rising 1 percent on average. Where the number of insurers is not changing, premiums are growing 7 percent on average.

            Here’s the link:

            http://kaiserhealthnews.org/news/more-competition-helps-restrain-premiums-in-federal-health-marketplace/

            Reply
          3. Paul Anthony January 11, 2015

            You’re talking about plans obtained through the exchange. Others are talking about the insurance provided by their employers (which is the majority of plans for people who have jobs). Plans subsidized by the govt (taxpayers) aren’t going up, but private plans are. If your employer offers one, you must accept it, regardless of the cost.
            Ergo, insurance costs are going up for most people.

            Reply
          4. Independent1 January 11, 2015

            First of all, your confusing private plans, which are those offered by ACA, and employer sponsored plans, those offered by the company you work for.

            Private plans offered through ACA do not all have subsidized premiums; only those for people at certain income levels. And as I’ve pointed out, the premium subsidies to taxpayers are greatly reduced by the monies states realize via the savings in greatly reduced hospital reimbursements because of ACA. I’m not certain that anyone has actually done a calculation yet to figure out just how that’s working out for those states that are saving millions and even billions in hospital reimbursements costs that taxpayers have been paying all along.

            And with respect to your last comment, that is absolutely not true. Millions of Americans are already opting to not take their employer sponsored insurance plans because they’ve found much cheaper coverage on the ACA exchange website. If you’re actually being charged by your employer for the insurance they offer, I do not believe there’s any law that says you have to allow them to charge you anything they want for insurance you could get cheaper on the ACA exchange. I’d suggest you check that out if you’re find your employer’s insurance plan to be costing too much.

            Reply
          5. Paul Anthony January 11, 2015

            I doubt if “millions” are switching. If one chooses the exchange, the employer is not required to pay any portion of the premium (which most do with company-provided insurance) and the applicant will very likely NOT qualify for any government subsidy.
            Plans through the exchange – at full price – will most likely cost too much. See this link:
            https://www.healthcare.gov/have-job-based-coverage/change-to-marketplace-plan/

            Reply
          6. Independent1 January 10, 2015

            With respect to the GM bailout, it’s unfortunate there are people looking at it the way you describe. It is not that GM did not repay 10 Billion – GM repaid everything they promised to repay. The reason our government ended up being short 10B was our government’s choice; the treasury chose to sell the stocks they took in payment for a good chunk of the loan, before the stock price had rebounded to reduce that 10B. And part of their decision to do that was because the Treasury had earned quite a bit of interest from GM on what they did pay back, and the Treasury had also earned quite a few millions in dividends on the stock. So although looking at it purely from – what I loaned you and what you paid back, the government was short 10B, but if you take interest and dividend earnings it was a lot less than that – I’m not sure just what the number was.

            But in addition, don’t forget that over the past 5 plus years, the Treasury has collected billions in taxes from the employees of GM and the companies that provide GM with parts and sell GM cars, which would have been lost without the bailout. I’m not sure what the tax numbers are separately for just GM, but I know the Treasury has collected well over 150 Billion in taxes over the past 5 years from auto industry related employees and companies that it would not have collected had the bailout not kept the industry afloat IN AMERICA.

            Reply
          7. rwp24382 January 11, 2015

            Maybe you live in a fantasy world. I have seen my health insurance rates go up over 200% in the last couple years and my deductible increase 400%, because of the ACA. People were told this year, that if their spouses were offered insurance by their employers, they had to take the other company’s plan. It didn’t matter if the plan the other employer offered wasn’t as good or cost more for the spouse’s insurance. They could no longer be included on our family insurance policies, without paying double for their family coverage. It didn’t matter if the family was only two people. It didn’t apply to households where the spouse didn’t work or the company they worked for didn’t provide insurance. How you can say this has saved people money? You’re going to have explain that to me. I don’t see any part of 4-6% increases in our health care coverage.

            Reply
          8. Independent1 January 11, 2015

            Sorry, I’m not believing a word of it. If it’s true, you don’t have an ACA compliant policy; because it just AIN’T HAPPENING in contract that are ACA compliant!!! Kaiser isn’t lying!!! YOU ARE!!!

            Reply
          9. rwp24382 January 11, 2015

            Maybe you need to join the real world. Our policy has to be compliant or we would have lost our policies at the first of the year. It is being compliant that is costing us so much money. Maybe when your parents quit paying for your health insurance, you will find out how much policies cost. Up until the ACA my health insurance policies did go up about 4-6% a year. It has skyrocketed in the last couple years. It is very evident you are either a government worker or your parents pay for your insurance.
            I, on the other hand, work for a living in the real world. I had to sit down for a meeting in November and listen to how much our policies had changed to be ACA compliant.
            I am a liar and not Kaiser? Anything that is getting government payments is going to say whatever the administration tells them to. We have 5-6% unemployment. If you can believe that, then you can believe anything Obozo says. This whole administration has been built on lies, hocus pocus, slight of hand, smoke and mirrors, and general flim flammery. There is nothing that Obozo has promised about the ACA that has come true, except for those that may not have a job and depend on welfare. Even some of those people can’t afford the ACA. You need to wake up, if you believe this crap. Health care can’t be free for so many, it’s impossible. Gruber stated numerous times, the administration knew up front they would have to lie and exaggerate the truth about Obozocare. They depended on the stupidity of those that elected them to get the law passed.

            Reply
    2. FT66 January 11, 2015

      You sound a little bit funny TMZ1928. How did you know 96 million are unemployed if they were not counted? Did you do the counting yourself?

      Reply
      1. rwp24382 January 11, 2015

        Hey dumbass! Why don’t you look at their stats when they produce their lies. There is a category they call “not participating in the work force”. That means these people did have a job and are for some reason not working anymore. Why did they stop working? Did they all hit the lottery? Did they all have millionaire relatives that left them enough money to live on for the rest of their lives? Or is it they can’t or just won’t go out and find a job, if they can get public assistance? Bottom line is; if you’re not working, you are unemployed! So how does 93 million without jobs in a work force that has been reduced to 145 million and used to be 238 million, result in 5-6% unemployment? If you are some kind of mathematical genius, then maybe you can explain it to a person with a college degree how you came up with your numbers?

        Otherwise, the people in DC are lying their asses off, so they aren’t run out of office immediately. If the public wasn’t getting so much government aid, they would have been gone long ago.

        Reply
        1. FT66 January 11, 2015

          Hi, my level of standard doesn’t allow me to engage myself to your level. Sorry I can’t argue with you!

          Reply
          1. rwp24382 January 11, 2015

            Yeah, because you can’t defend something that has no defense. You act as though you know something, but you can’t read or see what is happening to the country. You can look around the country and see when there is progress. There hasn’t been any in six years on most places around the country. Major cities are falling apart from years of Democrat control, yet those that have had GOP control are thriving. Communism has never worked anywhere it has been tried. China is the closest to saying that it works, but the Communist there are finding out that they are having to let capitalism thrive to survive.
            You don’t either possess the intelligence to see that what the WH puts out is an outright lie or you’re a paid troll by the Dems to try and put out misinformation. The only problem you are having is that there is no way you can defend the statements you have made to others. Liberals can’t deal with the truth, there are only platitudes and exaggerated statements to make people fear what happens if your crisis isn’t dealt with immediately.
            Look at Global Warming, a total hoax that Dems say there needs to be a discussion about, but want to make a law to imprison people that deny the existence of it. Al Gore said that 95% of all scientist claim that what he has said is supported by them. When the truth is told, only those that get money for grants from those that support the hoax are the ones that support his views. Those that dare peak out against Global Warming are attacked by the media. Gore directly benefits financially from the hoax he promotes. He has made well over 100 million dollars from a complete lie. No wonder he defends it like he does. He should be sued and charged criminally for fraud.

            Reply
  8. rwp24382 January 11, 2015

    Oh wow! The jobs numbers has the Christmas part time employment numbers included in the job report. That really means the economy is storming back. Best employment numbers in 15 years? What kind of idiot can believe this crap? If there are 93 million people that haven’t found a job since Obozo took office, aren’t they still unemployed? If you are unemployed and the total work force is only 145 million, how do you have 5-6% unemployment? It is mathematically impossible. Only a total dunce or Democrat would believe this. It is beyond me how the media allows the WH to get by saying these lies and never raising a question about it. If this were GWB, they would have called for his impeachment years ago. Not just occasionally, but daily.

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.