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Niether party were "in control" the republicans did not have super majority and needed democratic support.
Oh bullsh*t!
That's typical GOP responsibility dodging.
You don't have to have a supermajority to be in control - you just need to have a simple majority to control all the committees - THOSE define the agenda. Does having a supermajority make control easier? Of course it does - but you don't need it to have "control".
The only thing down is the net job loss which is still a quarter of a million.
DOWN from THREE quarters of a million the month "Junior" left office.
As I said, the trend is in the right direction. By spring the job losses will likely be over.
Oh bullsh*t!
That's typical GOP responsibility dodging.
You don't have to have a supermajority to be in control - you just need to have a simple majority to control all the committees - THOSE define the agenda. Does having a supermajority make control easier? Of course it does - but you don't need it to have "control".
What a cop out.
Ken
Wise up Ken.
You might be able to set an agenda but that does not mean it will pass.
Do you not remember more than half of Bush's court nominations where filibustered? The admistration tried three times to fix Fannie Mae and Freddy Mac. While I will not defend the Bush administration on much this was not their fault.
-----" but the fact is the wave of job losses is ENDING "--
Since LordBalfor posted that the following has occured-----
on 8/13 it was announced that jobless claims went up from 554,000 to 558,000 ( anylists expected them to drop to 545,000.
One week later ( today) the headline reads---" New jobless claims rise for the 2nd straight week to 576,000"
sure doesn't look like --"the wave of job losses is ENDING "---
Well, the last 2 weeks have been disappointing to be sure in regards to layoffs. In other areas things are looking a bit better, but layoffs have been trending in the wrong direction the last 2 weeks.
"WASHINGTON - The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as other data show the U.S. economy is stabilizing."
...
"The jobless claims figures are volatile, and had been trending down, after remaining above 600,000 for most of this year. The new report indicates that the labor market is still weak. In a healthy economy, initial claims are usually around 325,000 or below."
PS - One of the things to keep in mind about the Thursday job claims numbers is that it's much more of a lagging indicator than the Friday job layoff numbers. The Friday job layoff numbers are what is happening NOW whereas the Thursday initial unemployment claims numbers (the ones referenced by Marmac above) reflect those folks who were laid off in the past. This means that they trail the Thursday numbers by a least a week.
The reality however is that those Thursday numbers trail by far more than a week. The reason for this is pretty simple - in many cases folks who are laid off receive a severance and depending on how the severance is structured, laid off folks may end up continuing to get a paycheck for several weeks or months (a friend of mine laid off in March is STILL getting a paycheck). In such cases it's often typical for those folks to not apply for unemployment until their continuing paychecks stop coming in (this stretches the time they have income coming in).
So - this means that many of those folks filing first time unemployment claims (ie the numbers referenced above by marmac) will not all be recent layoffs - but rather recent layoffs who got little or no severance AND folks who were laid off weeks or month ago and only now have exhausted their severance packages.
The upshot of all this is that the Friday layoff numbers are a much more accurate picture of where we are TODAY than the Thursday new employment claim numbers.
Well, the last 2 weeks have been disappointing to be sure in regards to layoffs. In other areas things are looking a bit better, but layoffs have been trending in the wrong direction the last 2 weeks.
"WASHINGTON - The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as other data show the U.S. economy is stabilizing."
...
"The jobless claims figures are volatile, and had been trending down, after remaining above 600,000 for most of this year. The new report indicates that the labor market is still weak. In a healthy economy, initial claims are usually around 325,000 or below."
The $3 billion yet unpaid to get certain people to run out and buy new cars certainly should be causing some kind of job bump but temporary of course because as of Monday, no more free cars. Expect auto sales to tank.
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