Cantor On Jobs report: Level Of Growth 'Isn't Enough'

[ProSense]

Cantor On Jobs report: Level Of Growth 'Isn't Enough'

House Majority Leader Eric Cantor released the following statement in response to a weaker-than-expected March jobs report, showing the economy added 120,000 jobs:

“The monthly jobless numbers are just a quick snapshot of the economy, so while it is welcome news that around one hundred thousand jobs were created last month, there’s more to the picture. The level of growth we are seeing isn’t enough to make a difference for the millions of Americans still out of work or families facing high gas prices and the uncertainty of a lagging economy.

“Job growth happens when small businessmen and women in this country have the ability to take risks, invest capital and start hiring new workers. We want to make sure they have every opportunity to do so. The JOBS Act is now law because Republicans and Democrats put our differences aside and joined together to deliver results for job creators in this country. We can do more.

“We need to continue working together on solutions to boost economic growth and get people back to work. In the coming weeks, the House will vote on the Small Business Tax Cut Act to give 22 million hard-working small business owners a 20 percent tax cut that will help them retain and hire new employees. Members on both sides of the aisle are eager to empower small business owners and I hope we can unite around this measure to spur small business growth and job creation.”

http://livewire.talkingpointsmemo.com/entries/cantor-on-jobs-report-level-of-growth-isnt

Isn't it good to know that Cantor is looking out for you?

Job totals disappoint, unemployment rate dips

By Steve Benen

The Washington Post's Neil Irwin noted this morning that when it comes to the monthly jobs report, "We're due for a disappointing number." He was right -- though forecasts projected about 200,000 new jobs in March, the new data from the Bureau of Labor Statistics fell short of expectations.

<...>

While 120,000 new jobs would have been considered great in, say, late 2009, it's not even close to good enough now. This is a figure that barely keeps up with population growth, and is roughly half of what the economy should be producing as part of a larger recovery. Ideally, policymakers would see data like this and take steps to boost job creation, but given Republican efforts in Congress, that's no longer an option.

The overall economy has now added over 1.9 million jobs over the last year, and nearly 3.5 million jobs over the last three years. For America's private sector, it's 2.2 million over the last year, and 4 million over the last three years.

And with that, here's a new-and-improved version of the chart I run on the first Friday of every month, showing monthly job losses since the start of the Great Recession. The image makes a distinction -- red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. (By popular demand, it now has an x axis.)



Update: Here's another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession.



http://maddowblog.msnbc.msn.com/_news/2012/04/06/11054052-job-totals-disappoint-unemployment-rate-dips

Statement by AFL-CIO President Richard Trumka on Jobs
http://www.democraticunderground.com/1002522297

[Enrique]

1. Cantor is NOT looking out for us

signing his JOBS act, or any of his tax cuts, is NOT the solution

[ProSense]

2. Yeah, maybe

I should stay away from sarcasm. I mean, his prescription is trickle-down tax cuts for the rich.

[Enrique]

6. also his prescription is the JOBS Act

which Obama just signed. And then he mentions the small business tax cuts, and says he hopes for bipartisan support. Will he get it? Should he get it?

[ProSense]

7. OT, but

what the hell is Simon Johnson talking about?

Is There a Fiscal Crisis in the United States?

By SIMON JOHNSON

There are two competing narratives about the federal government budget in the political mainstream today.

The first is that we are, or soon will be, in crisis, because of runaway government spending. To avoid this crisis, we should cut spending by a great deal and as soon as possible.

The second view is that all talk of a fiscal crisis is essentially a hoax; we have a jobs crisis, and we should spend as much as necessary to get us out of the deep recession. From this perspective, we should fix the budget once the economy is back on an even keel.

Representative Paul D. Ryan, Republican of Wisconsin and chairman of the House Budget Committee, is very much in the first camp, as seen in his proposed budget, which passed the House last week. President Obama is substantially in the second camp, as he demonstrated with his strong anti-Ryan remarks in a speech on Tuesday.

Both views are dangerous, in very different ways.

- more -

http://economix.blogs.nytimes.com/2012/04/05/is-there-a-fiscal-crisis-in-the-united-states/

I understand the two views, and he makes some good points in the piece, but what gave him the idea that the President believes the "crisis is essentially a hoax"?

Am I missing something?

[Enrique]

8. interesting article

I agree it makes some good points, I have always been in favor of eliminating all the Bush tax cuts. That was the position of the Democratic Party during Bush, nearly all, if not all, dems voted against those tax cuts. Now we have the 250,000 threshold which is not necessary imo.

Regarding Obama believing the deficit crisis is a hoax, I think he's reading too much into the speech. I don't even read speeches anymore, from anyone, except if there's something really stupid and I want to make fun of it.

[HopeHoops]

3. So DO something about it you half-wit Micky Mouse voiced fuck!

[NeverEnuff]

4. A*shat Cantor

Notice how he stuck women in with small business. He is trying to act like the GOP cares about them. What an a*shat. The proof is in their actions not their words. I wonder what the numbers could have been if they had tried to work for all of America rather than for the 1%.

[WI_DEM]

5. Hey Cantor! What did you think of the job growth under Bush? oh wait! There was NONE

[Scurrilous]

9. @#$% Eric Cantor.