Archive for good news

GOP wrong again: Weekly jobless claims fall, budget deficit shrinks #BlameObama

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what you know, wrong

This is getting tedious, but a blog's gotta do what a blogs's gotta do. Republicans, you're wrong again. Wrongier than wrong. Wrong wrong wrong:

Via the Los Angeles Times:

The federal deficit continues to decline thanks to budget cuts and slower growth in Medicare costs, but lower than expected corporate tax revenues dimmed some of the improved outlook, according to a report Wednesday from the Congressional Budget Office.

And Benen piles on. More at the link:

This remains a basic budgetary truism that Republicans continue to resist. Indeed, last year, when top marginal rates increased on households making more than $400,000 a year, a variety of GOP lawmakers argued that this would likely cause the deficit to go up – as they saw it, higher taxes on the wealthy would slow growth, which would mean fewer jobs, which would mean fewer people paying income taxes, which would mean a larger deficit.

And we now know they were wrong – again – though this will probably do nothing to shake the Beltway perception of the GOP as the “fiscally responsible” party.

Let’s also note that the shrinking deficit – we’re seeing the fastest reduction since the end of World War II – is also one of the nation’s best-kept secrets. [...] [T]he reality is, we’re witnessing deficit reduction at a truly remarkable clip. Every conservative complaint about fiscal recklessness and irresponsibility in the Obama era is completely divorced from reality.

but wait there's more smaller

Per the most reliable news source in the whole wide world, Fox Biz, comes this upbeat news via a couple of email alerts:

The number of Americans filing for first-time unemployment benefits fell last week to 298,000 from an upwardly revised 299,000 the week prior. Economists expected claims to rise to 300,000 from an initially reported 298,000.

The Commerce Department reports the economy expanded at an annualized pace of 4.2% in the second quarter, higher than an original estimate of 4%, also beating expectations of 3.9%.

the more you know msnbc bergdahl

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Dep't. of What? Again? Weekly Jobless Claims Fall More than Expected #BlameObama

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quickie23 jobless claims

Today's jobless claims Quickie:

I know what you're saying: What? Again? Yes, again. There is more good news about jobless claims. Yes, despite Republican Congress members blocking everything blockable, we are seeing jobless claims continue to drop under President Obama's watch.

Bummer, huh?

Here it is, directly from everyone's favorite source for all things informative, the most accurate, trusted name in news, Fox! Take it away, Fox Biz! Via an email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 298,000, from an upwardly revised 312,000 the week prior. Economists expected claims to fall to 300,000 from an initially reported 311,000.

More:

(Reuters) - The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions.

Me oh my. What's a GOP obstructionist to do?

That was today's Quickie. Was it good for you?

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Vindicated: Tons of banned chemical weapons destroyed. Chickenhawks won't care.

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KidVindicatedw208h271

There's an editorial in today's Los Angeles Times titled, "Destruction of Syrian chemical weapons shows the U.S. may know what it's doing after all." Wait. So President Obama did something-- dun dun dun-n!-- right? Vindicated, at last!

[I]t was a rare bit of good news to hear from the administration on Monday that the United States had "finished neutralizing" hundreds of tons of the most deadly chemical weapons belonging to the regime of President Bashar Assad of Syria. This was a milestone in the diplomatic process that began a year ago this week when the Assad government was accused of using sarin gas to kill more than 1,000 people in a rebel-held suburb near Damascus. [...]

Conservatives assailed the plan as naive and feckless, as a projection of American weakness; Obama's supporters called ita fulfillment of his campaign promise to negotiate with those who were willing to talk in good faith.[...]

[N]egotiation and diplomacy are a better alternative to what would otherwise have been airstrikes followed by likely civilian deaths and a worrisome creep toward war.

"How dare Obama stop and think before he bombs?" Of course, now that the president has succeeded in accomplishing a goal sans war, he had to ruin it all (yes, that was sarcasm) by being all presidential and making a statement about the ghastly beheading of journalist James Foley by those despicable, brutal ISIL animals (sincere apologies to animals) responsible for his execution.

That will mean only one thing: John McCain and his trusty sidekick Li'l Lindsey Graham will appear on every Sunday talk show and be given a platform to call out President Obama's feck and demand that we go to war.

Again. I don't claim to know what the answer is, but our endless wars in the Middle East sure didn't succeed in eradicating terrorism or spreading Exceptional American Democracy across the region. However, BushCo and their pride-and-joy illegal invasion of Iraq did succeed at one thing: Failure. Sending more young Americans into battle is not always the answer, Johnsey (McGraham?).

Here is a partial transcript of the president's remarks via WaPo. Way to rev up the chickenhawks, Pres. O (yes, that was also sarcasm):

Today, the entire world is appalled by the brutal murder of Jim Foley by the terrorist group, ISIL....

He was taken hostage nearly two years ago in Syria, and he was courageously reporting at the time on the conflict there. Jim was taken from us in an act of violence that shocked the conscience of the entire world....

Let’s be clear about ISIL. They have rampaged across cities and villages, killing innocent, unarmed civilians in cowardly acts of violence. They abduct women and children and subject them to torture and rape and slavery. They have murdered Muslims, both Sunni and Shia, by the thousands. They target Christians and religious minorities, driving them from their homes, murdering them when they can, for no other reason than they practice a different religion. They declare their ambition to commit genocide against an ancient people.

So ISIL speaks for no religion. Their victims are overwhelmingly Muslim, and no faith teaches people to massacre innocents. No just God would stand for what they did yesterday and what they do every single day. ISIL has no ideology of any value to human beings. Their ideology is bankrupt. They may claim, out of expediency, that they are at war with the United States or the West, but the fact is, they terrorize their neighbors and offer them nothing but an endless slavery to their empty vision and the collapse of any definition of civilized behavior...

The United States of America will continue to do what we must do to protect our people. We will be vigilant and we will be relentless. When people harm Americans, anywhere, we do what's necessary to see that justice is done....

From governments and peoples across the Middle East, there has to be a common effort to extract this cancer so that it does not spread. There has to be a clear rejection of these kind of nihilistic ideologies.

One thing we can all agree on is that a group like ISIL has no place in the 21st century.

drum beat smaller

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Social Security and Medicare: "Distinctly good news"

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keep government out of medicare, social security

My favorite columnist at the Los Angeles Times, Michael Hiltzik (scroll), has written another excellent piece, this time covering the "no-bad-news day" for Social Security and the "distinctly good news" about Medicare. Sorry, GOP. I know I'm rubbing it in after my post about all those upbeat economic news reports that broke today, but hey, a blogger's gotta do what a blogger's gotta do.

Republicans *coughPAULRYANcough* are just dying to privatize us all into oblivion, which would mean cutting earned benefits for those who rely on them. Way to appeal to voters, GOP. It's a good thing we have Michael Hiltzik around to deliver a more even-handed (read: accurate) approach to informing us about the current state of both Social Security and Medicare.

Take it away, Michael:

"[T]he news is essentially that there is no news" in the reports, as Kathy Ruffing of the Center on Budget and Policy Priorities, a leading expert on Social Security, said during a conference call Monday on the Social Security report.

The trustees still estimate that the Social Security trust fund will be exhausted in 2033 -- same as its estimate last year. The range of estimates -- for these things can never be exact -- places the date at some time between 2029 and 2041. Even then, the trustees say, there will still be enough money coming in to the program each year to pay 77% of currently scheduled benefits. And the trustees do, however, suggest that their best-case scenario for economic growth and other demographic and economic factors is brighter this year than it looked in 2013.

As of now, Social Security is in surplus (by $32 billion last year), and is expected to remain so on an annual basis at least through 2019.

Hiltzik goes on to say that the B Word (bankrupt) is more like the BS Word. His exact phrasing was, anyone who challenges the facts has "given up his or her right to be taken seriously as a policy expert." Are you listening, Wannabe President Ryan?

Now how about Medicare? Is there good news there, too? And if so, would it possibly have anything to do with the O Word (Obamacare)? Don't be silly! Oh wait:

As for Medicare, there's distinctly good news. The continuing drop in healthcare expenses has made Medicare healthier -- the estimated date of its trust fund's depletion has been moved out by four years, to 2030. If you're keeping track, that date has been moved off by a total of 13 years since enactment of the Affordable Care Act.

neener nanner tv

Hiltzik also includes a few warnings, so please link over to read the entire column.

He concludes by rightfully calling out Congress for taking a five-week break just when we need them to "pay attention." He's clearly as miffed at them as we are. One can almost hear him throwing his head back and screaming, "Enough!"

Or as I like to call it, the F G Word (Gaaa!).

Not a skit, our actual Congress, gaa! Maddow

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Good economic news... again! Time to impeach! #BlameObama

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economic news recovery

With all the talk of impeachment and GOP lawsuits against President Obama these days, it seemed like a good time to add more fuel to the politically insane fires. Yes, once again we have upbeat economic news. What's a blogger to do? Why, publish the upbeat economic news, of course.

Let's start with a Fox Biz email alert headline, because I know how you rely heavily on every word uttered by Fox, the most reliable name in economic news:

U.S. Economy Grows at 4% Pace in 2Q

What?! Why I oughta. Please proceed, Fox Biz:

The Commerce Department reports the U.S. economy grew at an annualized pace of 4% in the second quarter, beating Wall Street expectations for a 3% rate.

Oh what do they know... Let's see what the big bad "librul media" has to say about all this good economic news. New York Times, I'm talkin' to you:

The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expectations.

In its initial estimate for the second quarter, the government cited a major advance in inventories for private businesses, higher government spending at the state and local level and personal consumption spending as chief contributors to growth. Economists, who had been hoping for a full reversal of the first quarter’s decline, were cheered by the second quarter’s numbers. The consensus forecast for G.D.P. was 3 percent.

“Fantastic,” Douglas Handler, chief United States economist for IHS Global Insight Analysis, said of the second-quarter G.D.P. increase. The bigger-than-expected gain further cemented views that the decrease in America’s overall output during the first quarter was most likely a fluke tied in large part to unusually stormy winter weather and other anomalies.

Huhwha? "Higher government spending at the state and local level"?

Read it and weep, impeachers.

curses foiled again

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Good news: Weekly jobless claims fall (again), lowest level since '06 #BlameObama

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i hate good news

I hate to be the bearer of good news (kidding), but once again, there is good news to be bearered, er, had. And how ironic that it is Fox Biz that is the actual bearer of this good news story that must be driving Republicans mad, because they hate this kind of upbeat stuff. Why? Because it comes to us under President Obama's watch.

And that is No-No Numero Uno.

Via a Fox Biz email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 284,000 from an upwardly revised 303,000 the week prior. Wall Street expected claims to rise to 308,000 from an initially reported 302,000. The reading was the lowest since February 2006.

Here's more, via Reuters:

The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. [...]

The data provided further confirmation that the labor market is tightening. Employment has grown by more than 200,000 jobs in each of the last five months, a stretch not seen since the late 1990s. [...]

The decline in continuing claims indicates some long-term unemployed Americans are finding jobs, a key metric for Fed policymakers.

Per Reuters, "the economy now appears to be firing on nearly all cylinders." Too bad the same can't be said for the Republican Party of Nyet.

Say it with me now...

blame obama Bush's fault smaller

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Yawn: Weekly jobless claims slip... again. #BlameObama

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jobless benefits unemployment down

Fox Biz keeps bugging me with upbeat email alerts like the one below. And we all know that they are the single most reliable source of information in the entire world, so I pay attention to every word. Since I can't keep all the good news bottled up inside, especially on a day filled with very bad news (AP Reporting that Malaysian Air 777 Was "Shot Down" over Ukraine), I had to share. Again. Yawn. Yes, one more time, weekly jobless claims fell and nobody on cable news [sic] seems to have noticed. And if they did notice, they failed to report it to the rest of us.

Then again, since when as the news [sic] media performed up to expectations? And by expectations I mean standards that meet or surpass that of playing Telephone.

Here's the latest:

The number of Americans filing for first-time jobless benefits fell to 302,000 last week from an upwardly-revised 305,000 the week prior. Economists expected claims to rise to 310,000 from an initially-reported 304,000.

Seriously, if this keeps up, Republican impeachment and lawsuit efforts will start to look even more ludicrous than they already do.

Nonetheless, with jobless claims sliding, there's only one thing left to do. Say it with me now, everyone:

blame obama

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