Posts Tagged ‘cent



01
Apr
11

looks a bit like a recovery to me

MSNBC: The U.S. economy posted a second straight month of solid gains in March as the nation’s jobless rate fell to a two-year low of 8.8 percent, marking a decisive shift in the labor market that should help to underpin the economic recovery.

Businesses created 216,000 jobs last month, according to the Labor Department’s latest employment report, after adding 192,000 jobs in February. The past two months mark the fastest two-month pace of job creation since before the recession began. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.

“All the evidence is pointing to a strengthening labor market,” said Bill Cheney, chief economist at John Hancock Financial Services in Boston.

Private employers, the backbone of the economy, drove nearly all of the March job gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 — more than a year before the recession started.

The unemployment rate dipped from 8.9 percent in February to 8.8 percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983.

More here

Meanwhile:

Wall Street Journal: Dow Gains 6.4%, Posts Best First Quarter in 12 Years in Tumultuous Period …. Overcoming a pair of major shocks in the first quarter, global financial markets recovered amid growing optimism that the recovery from the financial crisis had become self-sustaining.

It wasn’t an easy ride, however. The markets were sent for a loop as political turmoil spread in North Africa and Middle East. That was followed by the devastating earthquake and nuclear crisis in Japan, which sent investors scrambling to reassess their hopeful outlooks for the second time in the span of a month.

While the markets staggered, they recovered and showed they were tough enough to take the one-two punch. They go into the second quarter still having to navigate strong cross-currents, but with sentiment buttressed by the ability to shake off these twin shocks.

The Dow Jones Industrial Average rose 742.22 points, or 6.4% to 12319.73 during its best first quarter in 12 years …. Reflecting investors’ willingness to take on risk, small-company stocks rallied strongly…..

More here

BBC: With this jobs report it does appear the economy has reached a real turning point.

Not just a theoretical one, only of interest to economists either, but one that might actually lead to an improvement in the lives of millions. Because if about 200,000 new jobs are created each month then, slowly, America will get back to work.

Barring the one-off hiring of census workers in 2010, it is four years since more than 150,000 jobs were created in two consecutive months.

The US may finally be pulling away from the worst economic collapse since the Great Depression. But it is only a turning point. There is a long way to go. More than 13 million Americans who want full-time work, haven’t found it yet.

Minutes after the government announced that that the unemployment rate dropped in March to 8.8 percent, a two-year low, House Speaker John Boehner called it “welcome news” but maintained that “Washington needs to do more.”

…House Majority Leader Eric Cantor called the jobless number an “encouraging sign,” but similarly said that “far too many people remain out of work and we need to continue our efforts in Washington to foster pro-growth policies that will help businesses small and large to innovate and expand.”

Neither Boehner nor Cantor mentioned the actual unemployment figure in their statements.

;-)

Steve Benen: “….here is a chart showing monthly job losses/gains in the private sector 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.”

03
Mar
11

you’re likeable enough, mr president ;-)

Aug. 8, 2010: “We were walking through a locker room at the University of Texas when White House Trip Director Marvin Nicholson stopped to weigh himself on a scale. Unbeknownst to him, the President was stepping on the back of the scale, as Marvin continued to slide the scale lever. Everyone but Marvin was in on the joke.” (Official White House Photo by Pete Souza)

Time: Three out of four American voters – 74 percent – like President Barack Obama, but a narrow majority disapproves of his policies, according to a Quinnipiac University poll released today….

Given four choices to describe their feelings about Obama, American voters say:

* 41 percent like him personally and like his policies;
* 33 percent like him personally, but don’t like his policies;
* 1 percent like his policies, but don’t like him;
* 19 percent don’t like him or his policies.

Meanwhile, read these figures and weep, GOP:

…voters oppose cuts in the growth of entitlement programs to reduce the budget deficit:

* 70 – 25 percent against cutting Social Security;
* 72 – 25 percent against cutting Medicare;
* 59 – 37 percent against cutting Medicaid.

By 64 – 32 percent, voters say raising income taxes on those earning more than $250,000 should be part of any budget deal.

By 49 – 40 percent, voters oppose cutting federal funding for National Public Radio and by 53 – 43 percent they oppose cutting it off for Planned Parenthood.

22
Feb
11

61%

USA Today: The public strongly opposes laws taking away the collective bargaining power of public employee unions as a way to ease state financial troubles, according to a new USA TODAY/Gallup Poll.

The poll found that 61% would oppose a law in their state similar to one being considered in Wisconsin, compared with 33% who would favor such a law.

Ohio and several other states that have new Republican governors and legislative majorities are considering laws that would reduce the power of government employee unions to bargain over benefits and work rules.

24
Jan
11

44 at 55

CNN: On the eve of his State of the Union address, Barack Obama’s approval rating is at its highest level in more than a year, according to a new national poll……Fifty-five percent of people questioned in the poll say they approve of how Obama’s handling his duties in the White House, with 44 percent saying they disapprove.

“The 55 percent figure is seven points higher than in December and 13 points higher than his September mark,” says CNN Polling Director Keating Holland. “The president’s approval rating has not been this high since November of 2009 in CNN polling.”

19
Jan
11

‘nbc/wsj poll: obama bouncing back’

MSNBC: What a difference a few weeks can make.

Last month, Republicans were celebrating their midterm victories; Democrats were licking their electoral wounds; and President Barack Obama’s approval rating was stuck in the mid-’40s.

But after a five-week stretch that included bipartisan legislative achievements in the lame-duck session of Congress, mostly positive economic news and Obama’s well-received speech honoring the victims of the tragic shootings in Arizona, the political world has taken an abrupt turn in direction.

According to the latest NBC News/Wall Street Journal poll, Obama’s approval rating has surged above 50 percent; confidence in the economy also has spiked; and the Democratic Party — but not the GOP — now enjoys a net-positive rating from the American public.

“The last six weeks have been the best six weeks the president has had in his first two years in office,” says Democratic pollster Peter D. Hart, who conducted the survey with Republican pollster Bill McInturff.

…In the poll, Obama’s job-approval rating stands at 53 percent, which is an eight-point jump from last month and represents his highest rating in the survey since July 2009 … the improvement was across the board: Approval among independents moved from 35 percent in December to 46 percent now; among Democrats, it went from 76 percent to 86 percent; and among Republicans, it went from 11 percent to 15 percent.

….What is clear is that Obama will ride into his State of the Union address next week in a stronger position than many would have thought after November, when the Republican Party won control of the U.S. House and picked up seats in the U.S. Senate.

“This is a person who will walk in the hall with a great deal of confidence and with the wind at his back,” says Hart.

Read the full article here

;-)

03
Jan
11

;-)

National Journal: As Pres. Obama returns from a Hawaiian vacation to a more Republican Washington Tuesday, his approval rating in the latest Gallup Daily tracking poll sits at its highest point in eight months.

Fully half of Americans approve of the job Obama is doing, while 42 percent disapprove. The last time Obama’s approval stood at 50 percent was for the three-day, rolling sample conducted last May 29 to June 1….

The jump in Obama’s approval rating comes shortly after a lame-duck session of Congress that Obama hailed as “a season of progress” before departing on his Christmas vacation.

Hmm, I wonder if the LA Times’ Andrew Malcolm feels a little embarrassed now?

Malcolm: “Obama pays no attention to opinion polls, of course, because he’s so focused on the nation’s well-being. Which is probably another good thing because the president’s job approval has started down again. After all the pre-holiday hoopla over the “productive” lame-duck session of Congress that only added a trillion dollars to the national debt, the Democrat’s end-of-his-second-year approval rating has declined to 47% from 49%, with 46% disapproving of his job performance, according to Gallup.”

Meanwhile…..

Media Matters: We already noted that Andrew Breitbart blogger Dana Loesch posted the confused claim that the New York Times, among others, “underreported” the Tea Party story last year, when in fact the Times managed to publish more than 1,000 articles and columns mentioning the Tea Party in 2010.

Oops.

Well, look what else appeared on Loesch’s soggy list of stories the biased mainstream media have ignored: Obama’s sagging popularity

Gosh darn it, why won’t the press cover “Obama’s sagging popularity”?!

Possible answer: Because when a president’s approval rating remains essentially constant over a 12-month span, there’s not much of a news story to cover. But that’s just me thinking out loud.

Sadly for Loesch, her latest post appears on the same day that Obama climbs to a 50 percent approval rating at Gallup. But Loesch wants to know why the press won’t cover Obama’s sagging popularity.

Oh bother.

:-)




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