Posts Tagged ‘democrats

28
Aug
14

Democrat + Forward Thinking Policies = Growing Economy

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Yahoo: Economy In U.S. Expands 4.2%, More Than Previously Forecast

The biggest gain in U.S. business investment in over two years helped the world’s largest economy expand more than previously forecast in the second quarter, raising expectations for the rest of 2014. Gross domestic product, the value of all goods and services produced, rose at a 4.2 percent annualized rate, up from an initial estimate of 4 percent and following a first-quarter contraction, Commerce Department reported today in Washington. Other reports showed the outlook for home sales improved in July, fewer people filed claims (INJCJC) for jobless benefits last week and consumer confidence climbed. Recent data showing American factories are receiving more orders and employment is picking up indicate companies such as General Electric Co. (GE) will probably see demand sustained into the second half of the year. “The recovery is becoming more well-entrenched,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who correctly projected the gain in GDP.

“There is more optimism among businesses about increased demand. The drop in firings is probably helping Americans feel more secure in their jobs. The Bloomberg Consumer Comfort Index rose in the week ended Aug. 24 to the highest level in more than a month as views of household finances advanced to an almost four-month high, another report showed. Household consumption, which accounts for about 70 percent of the economy, grew at a 2.5 percent annualized rate, the same as previously estimated. Automobile sales near an eight-year high bode well for consumer spending and factory production. Consumers’ purchasing power improved, with disposable income adjusted for inflation rising at a 4.2 percent from April through June after a 3.4 percent gain in the first quarter. Gross domestic income, which reflects all the money earned by consumers, businesses and government agencies climbed at a 4.7 percent annualized rate in the second quarter, the most since early 2012. More hiring and stock-market gains that are boosting confidence also are healing household finances, which will help consumer spending. Payrolls in July marked the sixth month of gains exceeding 200,000, the longest such stretch since 1997, according to the Labor Department.

More here

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Jason Furman: Second Estimate Of GDP For The Second Quarter Of 2014

1. Real gross domestic product (GDP) increased 4.2 percent at an annual rate in the second quarter of 2014, according to the second estimate from the Bureau of Economic Analysis. The strong second-quarter growth represents a rebound from a first-quarter decline in GDP that largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Growth in consumer spending and business investment picked up in the second quarter, and residential investment increased following two straight quarters of decline. Additionally, state and local government spending grew at the fastest quarterly rate in five years.

3. Over the last four quarters, real GDP has risen 2.5 percent, faster than the 2.0 percent annualized pace observed over the preceding eight-quarter period. Looking at four- and eight-quarter changes to smooth some of the quarter-to-quarter volatility, it is clear that many components of GDP are showing improvement. The growth rates of consumer spending, business investment and exports have all picked up, and the pace of declines in the Federal sector have moderated a bit. In addition, the State and local government sector has turned positive, after several years of steady cutbacks. One area that has slowed over the last four quarters is residential investment, which is discussed in greater detail in the next point.

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12
Aug
14

Want A Growing Economy? Elect A Democrat

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Josh Boak: U.S. Job Openings In June Hit 13-Year-Plus High

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy. The report “provides further confirmation that the U.S. labor market has indeed shifted to a period of stronger growth,”

said Jeremy Schwartz, an analyst at the bank Credit Suisse. Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. the pressure on employers to offer more generous wages could be increasing. On average, there are 2 unemployed workers for every job opening. That’s down from an average of 2.6 unemployed people per opening at the start of the year. As that ratio continues to fall, employers will likely have to boost salaries.

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Lucia Mutikani: Fresh Data Shows U.S. Jobs Market Tightening

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001. At the same time, hiring reached its highest point since February 2008. Job growth has topped 200,000 in each of the past six months, a stretch last seen in 1997.

The unemployment rate has declined to 6.2 percent from 6.7 percent at the end of 2013. Troy Davig, the head of research at the Kansas City Federal Reserve Bank, told Reuters on Monday that rising job openings suggested earnings growth was poised to move higher. “Faster wage growth certainly seems in the pipeline,” he said. “The labor market appears to be hitting a turning point.”

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22
Jul
14

The President and First Lady’s Day

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 President Barack Obama signs the Workforce Innovation and Opportunity Act; a job-training legislation which aims to help job seekers gain valuable employment skills, as guests and members of Congress look on at the White House

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Text of the President and Vice President’s remarks here

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In other important news today…

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President Barack Obama meets with Apollo 11 astronauts Edwin “Buzz” Aldrin and Michael Collins to commemorate the 45th anniversary of the Apollo 11 mission

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Continue reading ‘The President and First Lady’s Day’

26
Jun
14

Rise and Shine

On This Day: President Obama watches the U.S. vs. Ghana World Cup Soccer game before a meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010 (Photo by Pete Souza)

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Today

10:50 EDT: The President departs the White House

12:25 CT: Arrives Minneapolis

2:15 CT: Hosts a town hall meeting, Minnehaha Park, Minneapolis

7:30 CT: Delivers remarks and answers questions at a fundraiser for congressional Democrats, private residence, Minneapolis

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The Week Ahead

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Needs Your Help —> OFA

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ThinkProgress: Boehner Will Sue Obama For Stuff He Thought Was Totally Fine Under George W. Bush

House Speaker John Boehner (R-OH) confirmed Wednesday that he will file a federal lawsuit challenging the executive actions of President Barack Obama, despite supporting President George W. Bush’s extensive use of executive authority. … President Obama has issued about 180 executive orders — a power that has been utilized by every president since George Washington except for the brief-tenured William Henry Harrison …. But Boehner embraced the power of a Republican president to take action, even at times when he would circumvent Congress by doing so… … As of February, Obama had issued fewer executive orders than all but one of the other presidents since World War II.

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Steve Benen: Boehner Readies Frivolous Anti-Obama Lawsuit

I can think of some dangerous moves Boehner has made since becoming Speaker, including threatening to trash the full faith and credit of the United States on purpose. I can also think of some reckless moves he’s made, including shutting down the government. I can even think of some irresponsible moves from the Speaker, including refusing to compromise on pretty much any area of public policy. But I can’t think of anything quite as dumb from the last several years as this lawsuit.

Indeed, the Speaker himself couldn’t actually identify by name anything the president has done that warrants a legal challenge. Boehner is outraged by Obama’s use of executive power. And what, pray tell, has offended the Speaker? He didn’t say. I’m sure he’ll think of something to justify his lawsuit eventually, right? … It’s an embarrassment to the institution and the nation, but at this point, that simply means more of the same.

More here

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BBC: Iraqi PM Welcomes Syria Air Strike On Border Crossing

Prime Minister Nouri Maliki of Iraq has told the BBC he supports an air strike on Islamist militants at a border crossing between Iraq and Syria. Military and rebel sources say the strike took place inside Iraq, at the Qaim crossing, although Mr Maliki said it was carried out on the Syrian side. Isis and its Sunni Muslim allies seized large parts of Iraq this month. The government has struggled to hold back the militants’ advance from the north and west. It has also been receiving support from Iran, with whom its Shia Muslim leaders have close links. The Syrian air strikes show how the conflicts in Syria and Iraq are merging together, with Isis as a common factor. Once-rival fighters on the Syrian side of the border at Qaim have now pledged allegiance to Isis, giving it control of both sides.

If US drones are not yet involved, they soon could be, illustrating how the threat posed by Isis is creating a convergence of interests between players who so far have been adversaries. That goes for Iran, too, which is deeply concerned about the sudden upheavals in Iraq. It has reinforced its positions along its own western border, where guards have been killed in an attack. There are reports that Iran has been heavily shelling border areas in the Kurdish mountains, where an Iranian Kurdish opposition group called Pejak has bases. The US, which also backs the government, has stressed that the militants can only be defeated by Iraq’s own forces. Mr Maliki is seeking to form a new government but has rejected calls to create an emergency coalition which would include all religious and ethnic groups.

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@petesouza: Pres Obama, VP Biden, & Speaker Boehner walk along WH Colonnade to event in East Room for President’s Cup golf teams

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Charles Pierce: John Boehner And His Frivolous Lawsuit

Let us compare what Boehner says the president has done — which, by the way, he has done less than almost all of his immediate predecessors — and then let’s compare everything his House hasn’t done because it doesn’t like the president, his party, his politics, or (sadly) his race. Let us determine who is “faithfully executing” the jobs for which they all get paid.

Hell, let us determine who’s actually interested in governing the country, or is counsel for the plaintiff going to argue that, if the country elects a obstructionist Congress, and that Congress holds together, then the country need not necessarily be governed by anyone at all? That would be an interesting point to be litigated – if, again, this were a serious legal action, and not the latest and most elaborate clown show staged by a threadbare political circus.

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NYT: Ikea To Increase Minimum Hourly Pay

Ikea plans to adopt a wage structure that it says will raise the average hourly minimum wage at its 38 stores in the United States to $10.76 an hour — a 17 percent increase. Ikea, which will be announcing its new wage policy on Thursday, said it would not impose an across-the-board minimum wage for its stores, but would instead set a minimum for each store based on the cost of living in that particular area. For example, the minimum wage will run from a low of $8.69 an hour at its stores in Pittsburgh and West Chester, Ohio, to $13.22 an hour at its store in Woodbridge, Va.

Ikea said that its new average minimum wage, $10.76 an hour, was $3.51 above the current federal minimum wage of $7.25 an hour. The retailer’s decision was made as many low-wage workers and labor unions are pushing for an increase in the federal minimum wage and after Gap Inc. informed its employees in February that it would set $9 as the minimum hourly rate for its United States work force this year and then establish a minimum of $10 next year.

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The People’s View: Please Proceed, Mr. Speaker: Why John Boehner’s Hissy Fit Over Obama’s Executive Actions Will Backfire

John Boehner has decided to formalize his hissy fit in the form of a lawsuit against the President for acting on behalf of the American people by the means of administrative and executive authority, given the GOP’s absolute resolve to allow Congress to do nothing. I could walk you through the mind-numbingly boring and utterly clueless memo Boehner wrote to the House, but the gist of it is this: We, the GOP House will not do any work, and we will not let anyone else do any either.

The lawsuit, needless to say, is wholly without merit. So much so that Boehner’s own memo did not name a single executive action he believes violates or ovesteps the president’s Constitutional authority. Of course, sources say he will tell them later. I suppose the irony of asking his chamber to approve unchecked authority for him to pick and choose whatever he wants to sue the president Obama while complaining that Obama has acted in a “king-like” fashion is completely lost on the Speaker.

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The Nation: The Media’s Disappearing Of Syria’s Chemical Weapons Program And Why It Matters

In Syria, the Obama administration just achieved an unprecedented foreign policy success in WMD nonproliferation, but you likely didn’t hear about it. Nine months after entering into joint negotiation with the Russians and Syria’s tyrannical President Bashar al-Assad, the last of that country’s 1,300 tons of declared chemical weapons began a journey to a chemical weapons-eating ship in the Mediterranean for destruction by the US.

The mission to eliminate Syria’s chemical weapons programme has been a major undertaking marked by an extraordinary international cooperation. Never before has an entire arsenal of a category of weapons of mass destruction been removed from a country experiencing a state of internal armed conflict. And this has been accomplished within very demanding and tight timeframes. This successful dismantling of Syria’s chemical weapons program by the US has been matched by an almost as successful disappearing of the news of it by the Beltway media, however.

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Adam Chandler: Army Clears Bergdahl Of Any Misconduct During Captivity

As the Army continues to investigate whether Sgt. Bowe Bergdahl is guilty of deserting his unit, this afternoon they said there is no reason to believe that Bergdahl engaged in any misconduct during his five years in captivity. In fact, that’s all that the Army said: We have no reason to believe that he engaged in any misconduct.”

Bergdahl electrified the national discourse last month after he was freed in a prisoner swap involving five members of the Taliban held at Guantanamo Bay. As charges against his character emerged, the narrative quickly shifted from Bergdahl as POW to Bergdahl as despicable deserter, unworthy bargaining chip, unwitting endangerer of America, and worse.

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The People’s View: The Message from Mississippi: Democrats are Not Sitting it Out This Year

Last night  marked the second high-stakes GOP primary where Democrats have screwed up the pollsters’ math. In Virginia’s 7th district, where knocking off an entrenched Republican incumbent in the primary would actually give the Democrat in the race a shot against a nutjob Teabagger, they knocked off Eric Cantor. Now in Mississippi, where a Democrat has a smaller chance of winning the Senate seat than a hailstorm in hell, Democrats – black Democrats – mowed down the Tea Party scourge like it’s nobody’s business.

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TPM: First U.S. Appeals Court Finds A Right To Same-Sex Marriage

The 10th Circuit Court of Appeals ruled Wednesday that Utah’s ban on gay marriage was unconstitutional, becoming the first appellate court in the country to find a constitutional right for same-sex couples to marry.

“We hold that the Fourteenth Amendment protects the fundamental right to marry, establish a family, raise children, and enjoy the full protection of a state’s marital laws,” Judge Carlos F. Lucero wrote in the decision for a three-judge panel. “A state may not deny the issuance of a marriage license to two persons, or refuse to recognize their marriage, based solely upon the sex of the persons in the marriage union.”

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Pew: After Decades Of Gop Support, Cubans Shifting Toward The Democratic Party

Cubans in the U.S. have long identified with or leaned toward the Republican Party, even as Hispanics overall have tilted Democrat. But the party affiliation of Cubans has undergone a shift over the past decade, according to a Pew Research Center analysis of survey data.

Less than half (47%) of Cuban registered voters nationwide now say they identify with or lean toward the Republican Party—down from the 64% who said the same about the GOP a decade ago, according to 2013 survey data. Meanwhile, the share of Cubans who identify with or lean toward the Democratic Party has doubled from 22% to 44% over the same time period, according to the survey of Hispanics.

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Washington Post: Brown, Hogan Win Gubernatorial Nominations; Democrat Frosh wins attorney general contest

Lt. Gov. Anthony G. Brown cruised past his two rivals in Maryland’s bitter Democratic gubernatorial primary on Tuesday, setting up a November contest with GOP nominee Larry Hogan, a Cabinet secretary under the state’s last Republican chief executive. Brown would be Maryland’s first African American governor and only the third elected in the nation….

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Jonathan Capehart: Speaker Boehner’s Obama Impeachment Dress Rehearsal

After going out on a not-so-wobbly limb to suggest that Republicans would push to impeach President Obama if they succeeded in retaking the Senate, George Will’s Sunday column read like a real threat. Fed up with what he views as Obama’s “offenses against the separation of powers,” the conservative columnist advocated that Congress sue the executive branch to stop a lawless president. Yesterday, Speaker John Boehner told the House Republican caucus that he was contemplating such a step.

The plan all along has been to crash the Obama agenda and then climb on top of the wreckage and seize power. Not only are Republicans complicit in the “failures” they rail against, but they are also the reason the president has had to resort to executive action to get some things done. Even Will agrees Obama is within his authority to do this. He just doesn’t like the degree to which he has done it. Poor dear.

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On This Day

 President Obama jokingly reacts to news that staffer Nora Becker will be leaving to pursue a joint MD and PhD in healthcare economics, during the White House staff picnic on the South Lawn, June 26, 2009 (Photo by Pete Souza)

 President Obama holds a football while taking a phone call in the Oval Office, June 26, 2009 (Photo by Pete Souza)

President Obama tosses a football with Trip Director Marvin Nicholson in the outer Oval Office on June 26, 2009. Personal Secretary Katie Johnson watches from her desk (Photo by Pete Souza)

 President Obama stands in the Oval Office with a Hawaiian paddle that was given to him as a gift by chef Allen Wong, who catered the 2009 Presidential Luau, June 26, 2009 (Photo by Pete Souza)

 President Obama greets Chancellor Angela Merkel of Germany at the front door of the Oval Office, June 26, 2009 (Photo by Pete Souza)

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 President Obama greets South Korean President Lee Myung-Bak during their bilateral meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010 (Photo by Pete Souza)

President Obama and British Prime Minister David Cameron prepare to board Marine One at the Deerhurst Resort landing zone in Muskoka, Canada, following the conclusion of the G8 Summit, June 26, 2010 (Photo by Pete Souza)

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First Lady Michelle Obama exits Bright Star upon her arrival at Joint Base Andrews, Md., June 26, 2012 (Photo by Lawrence Jackson)

VP Biden in Independence, June 26, 2012

VP Biden in Waterloo, June 26, 2012

President Obama at the Varsity, a restaurant in Atlanta, Ga., June 26, 2012

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