Archive for the ‘Economy’ Category

From the Republican National Committee:

Another Dismal Jobs Report Shows Obama’s Policies Haven’t Worked For America

The Associated Press Headline: “60-Day Election Sprint Opens With Weak Jobs Report”(Julie Pace and Donna Cassata, “60-Day Election Sprint With Weak Jobs Report,” The Associated Press , 9/7/12)

  • The Associated Press “U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.” (Christopher S Rugaber, “US Economy Adds 96k Jobs, Rate Falls To 8.1 Pct.,” The Associated Press, 9/7/12)



From Elizabeth Emken for U.S. Senate:

(ORANGE COUNTY, CA) – Elizabeth Emken, Republican challenger for U.S. Senate in California, today released the following statement regarding this morning’s employment report from the Bureau of Labor Statistics:

“The latest unemployment figures are simply unacceptable, especially when growing numbers of people have simply given up trying to get a job, business owners are hesitant to commit to expanding and hiring, and our economy has become so sluggish that even a whisper of an economic turnaround gets a standing ovation. (more…)


Obamanomics Isn’t Working For The 23 Million Americans Struggling To Find Jobs, Pay Bills And Put Food On The Table

Obama: “We Tried Our Plan – And It Worked. That’s The Difference. That’s The Choice In This Election. That’s Why I’m Running For A Second Term.” (President Barack Obama, Remarks By The President At A Campaign Event, Oakland, CA, 7/24/12)


CBS News’ Scott Pelley: “This Is The Worst Economic Recovery America Has Ever Had.” PELLEY: “This is worst economic recovery America has ever had. We’ve been looking for hopeful signs, but today the chairman of the Federal Reserve threw a cold splash of reality on those hopes. Ben Bernanke said any improvement in unemployment will ‘likely be frustratingly slow.’ Well, yes, to say the least.” ( CBS Evening News With Scott Pelley , 7/17/12)

  • The Columbus Dispatch: “Obama Has Delivered The Weakest Recovery Since The Great Depression.” “The best thing government can do is create an environment conducive to private-sector job creation. In the jurisdiction over which he presides – the nation – Obama has delivered the weakest recovery since the Great Depression.” (Editorial, “Ohio’s Recovery,” The Columbus Dispatch, 7/22/12) (more…)

By Alex Thorne

(7/17/2012 Update – related article: Bernanke: Economy stinks)

According to the latest report on world economics, the International Monetary Fund documents the effects of failed stimulus spending policies the Obama administration wants to continue if reelected to a second term.

In its latest world economic projections, the International Monetary Fund sounded a newly cautious note about a situation where rounds of government stimulus spending and low interest rates have failed to take hold, and left countries saddled with debt and other problems that give them little room to maneuver if conditions get worse.  (Howard Schneider, IMF: China, India, other developing countries show signs of slowdown, The Washington Post, 7/16/12)




Nearly Half Of Obama’s $2.4 Billion Devoted To Advanced Vehicle Batteries Went To Foreign Companies. “Nearly half of the $2.4 billion in federal grant money awarded Wednesday to stimulate the U.S. economy and boost the production of hybrid and electric vehicles went to six companies with ties to places as far away as Russia, China, South Korea and France. … But because so few American companies have the necessary technology, much of the money will initially go toward manufacturing electric vehicle batteries overseas.”  (Jerry Seper, “Obama Sends Stimulus Aid To Foreign Firms,” The Washington Times, 8/6/09) (more…)

From John Boehner, Speaker of the House:

Here’s one question President Obama should have to answer at his press conference this morning: how will raising taxes on small businesses create new jobs?

The unemployment rate has been higher than eight percent for 41 months – the longest streak since the Great Depression – and well above what was promised by the ‘stimulus’ spending binge. No wonder a new survey by The Hill found a majority of Americans believe President Obama has made things worse. (more…)

From the National Republican Congressional Committee:
U.S. Manufacturing Plummets in the Obama-Kissell Economy
Weak Manufacturing Sector Another Indicator of Struggling Economic Recovery
WASHINGTON — Reports of US manufacturing shrinking to its lowest level since the end of the Great Recession confirm that economic recovery has been rocked by the mismanagement of the big-government, regulatory regime of Larry Kissell’s party. North Carolina workers have struggled to stay afloat as the sluggish job market not only fails to pick up momentum but has actually regressed under Larry Kissell and President Obama’s watch.