(Whisper it …. Gallup say unemployment has fallen from 10% to 7.3% in 2 years)
PS I have absolutely no clue how accurate Gallup’s unemployment figures are, they’re an organization I don’t trust very much – the point is that Gallup are taken very seriously by the media when it suits, but there’s not much reporting of this today. Hey, go figure 😉
Steve Benen: The general trend on initial unemployment claims over the last two months has been largely encouraging, though there have been setbacks. Last week, for example, was a step in the wrong direction. This week’s report, however, was a very pleasant surprise. Initial claims not only dropped sharply, they fell to a level unseen in nearly four years.
Charles Pierce: ….. The decision by the Obama administration to scuttle (for the moment) the Keystone XL pipeline for good already has been responsible for the birthing of many public cows among the president’s Republican opponents……
This was an act of authentic political courage. The Republicans have turned the pipeline into an idiotic campaign litmus test and hung a ridiculously short deadline on the approval process, a deadline that nobody directly affected by the project thought was in any way adequate….
Sun Times: President Obama’s top strategist, David Axelrod, is launching an Institute of Politics at his alma mater, the University of Chicago, to create bipartisan programs bringing big names in politics to campus and internships for students.
“If years from now I run across young people who have participated in this Institute who are now writers and staffers and yes, candidates, we’ll have done our job well,” Axelrod said in a conference call on Wednesday.
The U. of C. institute will be largely modeled on Harvard University’s Institute of Politics….
Steve Benen: With Mitt Romney still refusing to release his tax returns, we can only speculate as to why he’s so afraid of disclosure. The widely held assumption has been that the Republican frontrunner is embarrassed by his “15% problem” …. But that’s not the only thing Romney’s returns might show. Reuters’ Sam Youngman reported on a related issue:
His vast fortune is invested in dozens of funds linked to Bain Capital ….. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite…..
It’s worth clarifying that no one has accused Romney of doing anything illegal … But it doesn’t exactly help paint a picture of Romney as a “man of the people”…..
TPM: Turns out Mitt Romney wasn’t the first GOP candidate in 35 years to take Iowa and New Hampshire. In fact, the certification of Iowa caucus votes conducted by the state GOP shows Rick Santorum likely won – by 34 votes, though officials are officially calling it a “split decision.”
January 17, 2012. President Barack Obama unexpectedly runs into Michelle on her birthday in the basement of the White House.
Though official duties filled much of the day, Tuesday was also Michelle Obama’s 48th birthday. As the president returned to the West Wing in the evening, he unexpectedly met the First Lady. “Obama gave her several kisses and wished her a happy birthday then walked off,” Morris says. “It was the highlight of the day for me—something you can’t plan for as a photographer. It was the most interesting photograph for me of the day by far.”
**** Reuters: New claims for unemployment benefits dropped to a nine-month low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining momentum.
Initial claims for state unemployment benefits fell 23,000 to a seasonally adjusted 381,000, the Labor Department said, the lowest since late February. That was below economists’ expectations for a fall to 395,000.
The report, coming on the heels of data last week showing a rise in hiring and a sharp drop in the unemployment rate to 8.6 percent in November, pointed to some healing in a sector that has been the Achilles heel of the economy’s recovery.
Steve Benen: There were modest expectations for the new jobs report from the Bureau of Labor Statistics, and in this case, the economy met them. A net total of 120,000 jobs were created in November, which is just about what economists and analysts said would happen. The same report showed the overall unemployment rate dropping from 9% to 8.6%.
As is always the case, there was a significant gap between the private and public sectors. Businesses added 140,000 jobs last month, while budget cuts forced the public sector to shed 20,000 jobs, which continues to be a major drag on the overall employment picture.
Republican policymakers, it’s worth noting, are eager to force more public-sector layoffs, making the jobs landscape worse on purpose, while Democrats have fought to do the opposite.
President Barack Obama shows military officials the White House Christmas Tree in the Blue Room following a meeting, Dec. 1. The 18-foot-6 inch balsam fir is decorated with holiday cards created by military children and ornaments featuring medals, badges, and patches from all of the military branches. (Official White House Photo by Pete Souza)
USA Today: Later this morning, President Obama and former president Bill Clinton will take a tour of a building blocks away from the White House and announce a $4 billion initiative to improve the energy efficiency of government and private-sector buildings. Obama is scheduled to deliver remarks to reporters after the tour.
Steve Benen: The Senate held two votes on extending a payroll tax cut for more than 160 million Americans, most of whom are middle class. As expected, Republicans killed them both. What was unexpected, though, was the vote totals on the proposals.
First up was the Democratic plan, which would have kept the payroll break in place for another year, and pay for it with a slight surtax on millionaires and billionaires. A 51-member Senate majority supported the bill, but that was far short of the 60 votes needed to overcome a GOP filibuster. It’s worth noting that one Republican, Sen. Susan Collins (R) of Maine, broke ranks and supported the Dems’ proposal….
…. What was just as interesting was the next vote, when the Senate considered the GOP alternative, which would also keep the payroll break in place, but pay for it largely through a pay freeze on federal workers …. it was rejected 78 to 20, with more than half of Republicans opposed. Yep, most Republican senators opposed their own party’s legislation….
Spiegel: The US Republican race is dominated by ignorance, lies and scandals. The current crop of candidates have shown such a basic lack of knowledge that they make George W. Bush look like Einstein. The Grand Old Party is ruining the entire country’s reputation.
Africa is a country. In Libya, the Taliban reigns. Muslims are terrorists; most immigrants are criminal; all Occupy protesters are dirty. And women who feel sexually harassed – well, they shouldn’t make such a big deal about it.
Welcome to the wonderful world of the US Republicans. Or rather, to the twisted world of what they call their presidential campaigns. For months now, they’ve been traipsing around the country with their traveling circus, from one debate to the next, one scandal to another, putting themselves forward for what’s still the most powerful job in the world.
As it turns out, there are no limits to how far they will stoop.
Sacbee: President Barack Obama, who is a fervent basketball fan, will get his NBA fix next month but his campaign will have to postpone the Obama Classic fundraiser that was to feature more than two dozen professional basketball stars.
The campaign on Thursday notified ticket holders the Dec. 12 event would now be held in the summer.
The fundraising all-star game was planned while a lockout put the NBA season in jeopardy, and top players had committed to play. But team owners and players reached an agreement and games are set to begin on Christmas Day.
Washington Post: There’s little doubt President Barack Obama has won high esteem among Native Americans by breaking through a logjam of inaction on issues that matter to them.
The Obama administration this week unveiled sweeping changes to federal tribal-land leasing rules that had not been touched in 50 years. Obama nominated a Native American to the federal bench, signed a law renewing the Indian Health Care Act and settled a tribal royalties lawsuit that had dragged over three administrations.
…. Obama on Friday speaks for the third time with the nation’s 565 tribal leaders in Washington…. Obama has gone beyond lip service, said Bill John Baker, principal chief of the Cherokee Nation in Oklahoma, and “backed up his words with actions that have made a positive impact on the lives of Native people.”
…. Jacqueline Johnson Pata, executive director of the National Congress of American Indians and an Alaska native, said native peoples’ enthusiasm for Obama goes deeper. Obama has embraced Native American tribal sovereignty preserved in the Constitution, court decisions and treaty agreements and made that the foundation for his administration’s dealings with tribes, Pata said.
…. “I think we have made strides under the Obama administration the likes of which tribes have not seen for 30 years,” said Stacy Bohlen, executive director of the National Indian Health Board…..
Jonathan Capehart: …. GOP hopeful Newt Gingrich defended his stance against certain child labor laws during a campaign stop in Iowa Thursday, saying that children born into poverty aren’t accustomed to working unless it involves crime.
“Really poor children, in really poor neighborhoods have no habits of working and have nobody around them who works so they have no habit of showing up on Monday,” Gingrich claimed. “They have no habit of staying all day, they have no habit of I do this and you give me cash unless it is illegal,” he added.
….. Gingrich’s blanket condemnation of “really poor children, in really poor neighborhoods” is unbelievably disgusting. And it’s disrespectful of the overwhelming majority of those children and their families who live their lives with far more integrity and far less cash than Gingrich ever will.
President Barack Obama stands with Indonesian President Susilo Bambang Yudhoyono and his wife Kristiani Herawati during a family photo before the East Asia Summit Gala dinner in Nusa Dua, on the island of Bali
President Obama and Indonesian President Susilo Bambang Yudhoyono talk as Balinese dancers perform on stage at the East Asia Summit dinner
What a beautiful difference five years makes. Just sayin’:
President George W. Bush chats with Chinese President Hu Jintao and Russian President Vladimir Putin at the end of the Asian-Pacific leaders meeting in Hanoi, 19 November 2006.
President Obama speaks after announcing a commercial deal between Boeing and Indonesia’s Lion Air at a signing ceremony in Nusa Dua, on the island of Bali, Indonesia.
Boeing and Lion Air have reached agreement on the purchase of 201 Boeing 737MAX and 29 Next Generation 737ER aircraft. The order will support over 110,000 U.S. jobs at Boeing and at suppliers in 43 states. This represents one of the largest trade deals between the United States and Indonesia in history….
Boeing and Singapore Airlines have reached agreement on the purchase of eight Boeing 777-300ER widebody aircraft with a total list price value of $2.4 billion, $2 billion in U.S. export content and supporting an estimated 11,000 U.S. jobs….
The Hill: A senior military official says U.S. forces soon will begin winding down counterinsurgency operations in Afghanistan, signaling a major shift in the decade-old conflict.
U.S. forces are working to “set the conditions” for Afghan government officials and security forces to assume control of key provinces by next fall as American troops begin to exit, Marine Corps Commandant Gen. James Amos told The Hill.
NYT: Chrysler said Wednesday that it would add 1,100 jobs at a sport utility vehicle plant here as it spends $1.7 billion developing new models for its Jeep brand.
…. Chrysler is one of several carmakers adding large numbers of jobs in the United States after years of steep employment declines in the auto industry. On Thursday, Toyota is scheduled to begin production at a new plant in Mississippi that will employ about 2,000 people.
The mayor of Toledo, Mike Bell, described Chrysler’s announcement as “the equivalent of a blood transfusion” for this heavily industrial city along the Michigan border.
FactCheck: Republican presidential candidates Rick Perry and Mitt Romney both claim President Barack Obama said that “Americans are lazy.” He didn’t. To the contrary, Obama has consistently and repeatedly praised American workers as the “most productive in the world,” a bit of boosterism he has repeated dozens of times. His recent words — “we’ve been a little bit lazy, I think, over the last couple of decades” – actually referred to collective efforts to promote foreign investment in the U.S., and not to American workers or voters as individuals. Perry and Romney simply rip those words out of their context in order to mislead.
Washington Post: A think tank founded by GOP presidential candidate Newt Gingrich collected at least $37 million over the past eight years from major health-care companies and industry groups, offering special access to the former House speaker and other perks, according to records and interviews.
President Barack Obama shakes hands with Boeing Senior Vice President Ray Conner as they announce a commercial deal at a signing ceremony in Nusa Dua, on the island of Bali, Indonesia
The Boeing Company and Lion Air have reached agreement on the purchase of 201 Boeing 737MAX and 29 Next Generation 737ER aircraft. The order will support over 110,000 U.S. jobs at Boeing and at suppliers in 43 states. This represents one of the largest trade deals between the United States and Indonesia in history.
The Boeing Company and Singapore Airlines have reached agreement on the purchase of eight Boeing 777-300ER widebody aircraft with a total list price value of $2.4 billion, $2 billion in U.S. export content and supporting an estimated 11,000 U.S. jobs.
President Obama meets with Indian Prime Minister Manmohan Singh on the sidelines of the ASEAN Summit in Nusa Dua, Bali
Aussie Aussie Aussie, Oi Oi Oi!
…. with Philippines President Benigno Aquino
… with Malaysian Prime Minister Najib Razak
President Barack Obama makes a statement announcing that Secretary of State Hillary Clinton will travel to Myanmar
AP: Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up.
The Labor Department said Thursday that weekly applications dropped 9,000 to a seasonally adjusted 397,000, the lowest level in five weeks. It’s only the third time since April that applications have fallen below 400,000.
Economists were encouraged by the drop, though they cautioned that the trend would have to persist to signal real improvement.
First Lady Michelle Obama escorts John Sexton Elementary School students William Porter and Breann Rouse across the tarmac at Tampa International Airport, Oct. 27
March 2010: A 100-square-meter brick art tribute to President Barack Obama unveiled in Sydney, Australia. The tribute wall was erected as a lead-up to Obama’s visit to Australia, which was later cancelled
AFP: President Barack Obama will become the first sitting US president to visit Australia’s Northern Territory next month, the White House said on Thursday.
Obama will visit Darwin after making a previously announced address to the Australian parliament in Canberra during his one night stay in Australia, a trip that has been postponed twice under the pressure of US domestic politics.
The president’s visit on November 16 and 17 will mark the 60th anniversary of the military alliance between Australia and the United States and stress an increasing US diplomatic and military focus on the Pacific region.
Obama will travel to the Indonesian resort island of Bali following Australia for the East Asia summit and will begin his visit by hosting the Asia Pacific Economic Cooperation forum summit (APEC) in his native Hawaii.
Bloomberg: Claims for unemployment insurance payments in the U.S. unexpectedly fell last week to a four-month low, signaling the recent slowdown in payroll gains was caused by a lack of hiring rather than more firings.
First-time applications for jobless benefits decreased 7,000 in the week ended Aug. 6 to 395,000, the fewest since early April … Economists forecast 405,000 claims … The number of people on unemployment benefit rolls and those getting extended payments also dropped.
… The four-week moving average, a less-volatile measure of initial claims, dropped to 405,000, also the lowest since April, from 408,250.
… The number of people continuing to collect jobless benefits dropped by 60,000 in the week ended July 30 to 3.69 million. The decrease was the biggest since February….
…. The unemployment rate among people eligible for benefits, which tends to track the jobless rate, fell to 2.9 percent in the week ended July 30, today’s report showed. Forty-four states and territories reported a decrease in claims, while nine had an increase.
Initial jobless claims reflect weekly firings and tend to fall as job growth – measured by the monthly non-farm payrolls report – accelerates…..
The trade deficit widened 4.4 percent to $53.1 billion from $50.8 billion in May, a report from the Commerce Department showed today. The deficit exceeded all estimates in a Bloomberg News survey of economists in which the median was $48 billion. Exports declined the most since January 2009.