Jobs & Unemployment

Gallup Poll: Generic Republican Candidate polling ahead of Obama in swing states on Jobs and Deficits issues

November 6, 2011

Voters in 12 key swing states are substantially more likely to feel that a generic “Republican candidate” for president would do a better job than President Obama of handling the federal deficit and debt, and are slightly more likely to prefer the Republican on the issue of unemployment. Swing-state voters are split on the question of whether Obama or the Republican candidate would do a better job of handing healthcare as well as terrorism and international threats.

These “swing state” results are from the first USA Today/Gallup Swing States poll, based on Oct. 20-27 Gallup Daily tracking in 12 states that will be among the most crucial to winning the 2012 presidential election. The states include Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin. Obama and the leading Republican candidates are competitive in terms of registered voter support in these states, and Republicans in these states are more enthusiastic about voting than are Democrats.

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U.S. National Debt quickly approaching $15 Trillion

November 6, 2011

It will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark.

As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 trillion is a foregone conclusion. When the unwelcome milestone is reached, it will come at a volatile time both in this country and abroad.

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Senate Democrats remove Millionaire Tax from Jobs Bill and instead plan to keep current fees V.A. Home Loans in place

November 6, 2011

“Senate Democrats plan to make veterans the focus of their next jobs bill, providing tax incentives for businesses to hire former members of the military and instructing the Labor Department to find ways to ease their transition to the civilian workplace.

But perhaps most striking is Democrats’ decision to jettison a popular method of paying for pieces of President Obama’s $447 billion jobs bill, which failed in a bipartisan vote in the Senate. The majority is not looking to tax Americans who make more than $1 million to offset the veterans’ jobs provision; rather, they will keep in place current fees for V.A. home loans.

The abandonment of the millionaire surtax is a victory for Republicans, who have, heretofore opposed such a measure, and it also signals a significant compromise by Democrats toward improving the nation’s persistently poor jobless rate. While polls showed the surtax to be popular with a majority of Americans, Republicans have stood uniformly against it, thereby blocking any possible jobs measure.”

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Fears of Police Crackdown spreading at Occupy Wall Street

November 6, 2011

“Fears of a possible police crackdown spread Friday through New York’s Occupy Wall Street camp in the wake of violent clashes between police and protesters in California.

The camp that popped up in Manhattan’s Zuccotti Park seven weeks ago, inspiring similar anti-Wall Street demonstrations across the United States and in London, faces mounting political pressure, along with plummeting temperatures.

The police presence was unchanged around the cramped tent village, but angry comments by Mayor Michael Bloomberg and increasingly hostile coverage in parts of the New York media jangled protesters’ nerves.

The occupywallst.org website reported “rampant” rumors of police action and warned: “NYPD (police) could move in as early as tonight, or it could be next week. We know that our adversaries are trying to build political cover for eviction by demonizing us in the press.”

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Pelosi: Without passing the Stimulus, unemployment would now be at 15%

November 4, 2011

“Since President Barack Obama signed his $825 billion economic stimulus plan into law in February 2009, the national unemployment rate has risen from 8.2 percent to 9.0 percent. But House Minority Leader Nancy Pelosi (D.-Calif.) said at her press briefing Thursday that if the stimulus had not been enacted the unemployment rate would now be 15 percent.

At a press briefing only a month ago, Pelosi said that if the stimulus had not been enacted unemployment would have reached 14.5 percent by the time of the November 2010 elections.”

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October U.S. Jobs Report: +80,000 jobs and a six-month low 9% unemployment rate

November 4, 2011

“The U.S. jobless rate unexpectedly fell in October while employers added fewer workers than forecast, illustrating the “frustratingly slow” progress cited by Federal Reserve Chairman Ben S. Bernanke this week.

The unemployment rate fell to a six-month low of 9 percent from 9.1 percent, even as the labor force grew. The 80,000 increase in payrolls followed gains in the prior two months that were revised up by 102,000, Labor Department figures showed today in Washington.”

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