Archive for Dow Jones

You're Damned If You Do, Damned If You Don't

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the poor

What's pleasantly surprising is that despite Republican efforts to stall any safe jobs bill, the economy has picked up. Unemployment dropped in the latest report to 7%, the lowest number in five years.

That's forty-five straight months of improved job numbers. Now that's a great streak, but when you start in such a deep hole, it's more of a continued improvement, but not a clean bill of health.  A healthy overall unemployment number should be somewhere in the two or three percent range. Despite GOP obstruction, the President's plans, along with those of the Fed, are yielding small and steady results. And that could end up being bad news.

Job growth is bad news? Leave it to the GOP to turn improvements into detriments for hundreds of thousands. The Republicans are moving to punish those who weren't lucky enough to grab onto a job and make them suffer even more. The GOP doesn't want to renew the extended unemployment coverage for millions after their state support runs out. And of course, timing is everything. As much as it's a time of "cheer," it's also the time of great despair and the highest numbers of suicide. Being destitute, devoid of hope is a major cause. This is not the time to cut aid to the poor. Food stamps and unemployment need to be continued.

If the GOP really cares -- not that anyone believes that -- but if there's a chance there's a compassionate soul trapped in the body of a Republican, think about working on a reasonable jobs bill. Think about helping with passing a version of the Senate immigration bill. Stop your war on women and healthcare for the poor. And please don't penalize the unemployed who are just trying to find one of the few jobs out there that you haven't found ways to defund or restrict with blockage in the House and Senate.

Being a Scrooge is not only a stigma you'll be able to easily shun, but a compassionate one that you need to shed.

You can't have it both ways. You can't fight job creation on every level, then because the President's plans seem to be working, albeit slowly, slap down the job hunters who haven't been as fortunate.

Find a jobs bill and then, when enough people are working, you might consider cutting back jobless benefits. But now's not the time. Remove people from unemployment with jobs. That's the healthy way. Then the reason to trim extended funding will follow. We're not there yet.

Republicans, if you're not prepared to confess to the world that the President and his party has ushered through some steady economic growth, don't take it out on the less fortunate by further victimizing the jobless, the hungry and those in need. Increasing jobs, decreases unemployment. Don't cut essential programs. It's that simple.

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U.S. Manufacturing Picks Up in June, Stocks Kick Off 3Q in Rally Mode #BlameObama

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boy happy arms expanded

Sorry to bring cranky Foxers more "bad" news, but this report is brought to us by an email alert from-- ta daa!-- Fox Biz:

The Institute for Supply Management’s U.S. PMI gauge increased to 50.9 in June from 49 in May, narrowly beating expectations of 50.5. The data indicate the U.S. manufacturing sector shifted into expansion in June from a mild contraction in May.

The markets are rallying on the back of encouraging data about the global economy. The Dow is up 102 points, or 0.68%, while the broader S&P 500 is up 0.76%. Nine out of 10 major sectors are in the green, led by health-care and technology stocks.

As I type this, the Dow is up about 156.

#BlameObama

blame obama Bush's fault smaller

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U.S. jobless claims fall to 346K; consumer income, spending up; pending home sales jump to highest since Dec. '06

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obama worst socialist ever

Fox Biz continues to send me email alerts that I feel compelled to share with you... because they prove that President Obama is the worst. Socialist. Ever:

U.S. weekly jobless claims fell to 346,000 from an upwardly revised 355,00 the week prior. Claims were expected to fall to 345,000 from an initially reported 354,000.

Consumer spending rose 0.3% in May from April, matching economists’ estimates. Personal income climbed 0.5%, more than the 0.2% Wall Street expected.

The National Association of Realtors reports signed contracts to buy previously owned homes jumped 6.7% in May, far higher than the 1% increase expected. The increase brought pending home sales to the highest since December of 2006. The gauge was up 12.1% from the same month in the year prior.

Traders are bidding equities sharply higher for the third day in a row as caution over the Federal Reserve’s exit from its bond-buying program ebbs. The Dow is up 100 points, or 0.67%, while the broader S&P 500 is up 0.61%.

#BlameObama

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PhotOH! Conservative group: Impeach Obama for "wrecking the stock market"? ...as Dow hits record high

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easy as pie

It's way too easy to show how disconnected from reality some conservatives are. Just read The Political Carnival every day and you'll see what I mean. But today... well, today it's so easy that it can be done with two images.

look how easy it is

I even did the addition for those at Capitol Hill Daily who are arithmetically challenged.

Think Progress has the story. Here's the minimalist/visual version:

obama wrecked stock market

"You see, Obama just allowed 13 new tax increases to further slow the economy, wreck the stock market and make it even harder on the 12 million Americans already looking for work.

The bigger question is this…

Is Obama’s Latest Tax Screw Up Grounds For Impeachment?"

dow record 15000

The Dow has gone up over 7,000 points since President Obama took office.

'Nuff said.

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