Wimbly
01-09-2010, 01:24 PM
Its quite amazing to watch the economy continue to sink to new depths and yet the news out there is till pretty rosy. Its quite a shift from 5% unemployment under Bush and the hyperbolic dooms day scenarios we were treated with day in and out.
From the AP:
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY_OBAMA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-01-08-21-59-34
Obama refocuses on jobs after weak labor report
By TOM RAUM
Associated Press Writer
AP Photo/Gerald Herbert
http://te.ap.org/tte/blank.gif?0.5671279074679813&snippet_version=1.3.a&referrer=http%3A//newsbusters.org/blogs/tom-blumer/2010/01/09/ap-bad-jobs-report-good-thing-obama-enables-him-change-subject-terrorism&page=http%3A//hosted.ap.org/dynamic/stories/U/US_ECONOMY_OBAMA%3FSITE%3DAP%26SECTION%3DHOME%26TEMPLATE%3DDEFAULT%26CTIME%3D2010-01-08-21-59-34&timezone=300&var_SECTION=BUSINESS WASHINGTON (AP) -- His agenda altered by the Christmas bombing attempt, President Barack Obama pivoted back to the domestic economy on Friday, promoting new U.S. spending to create tens of thousands of clean-technology jobs.
So the AP is spinning it as a chance for Obama to "refocus" on clean energy jobs. Aside from the obvious positive spin AP is putting on for their man, how in the world are "clean jobs" going to fix 10% unemployment. Why is the media so confident in getting behind something as nebulous as "green jobs"? Under Bush the same News agency was trashing the president for 5% unemployment and only 900,000 new jobs!
If you read the whole article it pulls the typical MSM plays out of painting Republicans as mean old white guy who just don't like Obama. Even though Democrats also have some problems with how Obama is doing things. The author also seems to focus more on growing government than creating jobs.
The New York Times is also getting in on the lap dog defense of the party in power. Its starts with the ridiculous headline: "Obama Tries to Turn Focus to Jobs, if Other Events Allow". There is that focus word again. It seems to be the talking point the MSM is going with. Imagine the NYT and MSM making excuses for Bush like this. It would never happen in a million years!
http://www.nytimes.com/2010/01/09/business/economy/09assess.html
President Obama keeps trying to turn attention to “jobs, jobs, jobs,” as his chief of staff has put it. But he is finding that it can be hard to focus on any one issue when so many demand attention, often unexpectedly.Awwww, poor Obama. The guy wants to do a good job, but reality keeps rearing its ugly head. They also point out that its "hard". Imagine that, being president is hard. Funny we never heard such ridiculous defense of Bush from the same people. The pathetic piece goes on.....
Meanwhile, the world keeps intruding as Mr. Obama tries to execute his promised pivot.
No sooner was the president home on Monday from his Hawaiian holiday break than he was closeted for days at the White House with his national security team, on responses to the foiled Christmas Day airliner attack.
With House and Senate Democrats now in the home stretch of their negotiations for a compromise on health care legislation, he will have to be more directly involved than ever before in those gritty legislative details.
Anita Dunn, until recently Mr. Obama’s communications director, said that when the health care bill was completed, “that will give the administration more space to really communicate to the American people about those things that have been done and that the president continues to push forward on to make the economy work for middle-class families.”
Mr. Obama, in his Friday afternoon statement on the job numbers, called them a reminder “that we have to continue to work every single day to get our economy moving again. For most Americans, and for me, that means jobs.”The problem is that the work hes doing is making things worse. Dont count on the media to inform you of this though. They're too busy running defense for this administration. If Obama wanted jobs we would be doing things to help small business and give people back more of their money. Instead hes coming up with new taxes based on a religion, growing government and taking over industry. None of these is going to spur job creation. It will on the other hand advance a leftist agenda.
CNN is also getting with the program and making excuses for Obama, instead of being critical. It made perfect sense under Bush, but now they suddenly think its best to just agree and promote whatever Obama wants to do.
As an example of actual journalism, the Dow Jones newswire gave an objective summary (http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=14c63b70-f8ba-49ab-831c-e71a95b4a4d9) of the ADP report that included more information. December's numbers showed a temporary boost for jobs in customer service, mostly due to extra shopping for Christmas and Hanukkah, while other industries kept shrinking. Worse yet, even with the retail hiring, there was still more overall loss than what experts had predicted.
By contrast, nowhere did CNN's article explain exactly how persistent layoffs were a sign of good times to come, nor did the writers ask how these predictions seemed to be wrong so often. In fact, speculation about the future was a tangled mess throughout the piece.http://money.cnn.com/2010/01/06/news/economy/job_cuts/index.htm
In some welcome news on the job front, the pace of U.S. job losses eased in December, according to two reports released Wednesday.
Automatic Data Processing (ADP (http://money.cnn.com/quote/quote.html?symb=ADP&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2009/snapshots/2227.html?source=story_f500_link)), a payroll-processing firm, said private-sector employers cut 84,000 jobs in December, the fewest since March 2008.
It was the ninth straight month that job losses narrowed from the previous month. The number of cuts in November was revised down to 145,000 from the previously reported 169,000.
Economists surveyed by Briefing.com had forecast a loss of 75,000 jobs in December.
Its quite a shift from economic reporting by CNN under Bush. Then in 2006, when unemployment went as low as 4.7%, instead of celebrating the end of recession fears, CNN found a way (http://money.cnn.com/2006/02/03/news/economy/jobs_january/index.htm) .
http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm
The drop in unemployment was the latest sign of a tightening labor market, which could put upward pressure on wages and prices in the months ahead.
On Wall Street, stocks fell as investors worried that the report makes further interest rate hikes by the Federal Reserve more likely.
Jeoff Hall, the chief U.S. economist for Thomson Financial, agreed that the unemployment rate could bounce back up in coming months as those now not counted as in the labor force start to look for or find jobs.
Actually, when reporting a tough economy under Democratic leadership, CNN's strategy seemed to be ignoring President Obama's influence altogether. The bright future of 10% unemployment did not mention a single politician or any thought of the drastic measures recently taken to stimulate the economy.
From the AP:
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY_OBAMA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-01-08-21-59-34
Obama refocuses on jobs after weak labor report
By TOM RAUM
Associated Press Writer
AP Photo/Gerald Herbert
http://te.ap.org/tte/blank.gif?0.5671279074679813&snippet_version=1.3.a&referrer=http%3A//newsbusters.org/blogs/tom-blumer/2010/01/09/ap-bad-jobs-report-good-thing-obama-enables-him-change-subject-terrorism&page=http%3A//hosted.ap.org/dynamic/stories/U/US_ECONOMY_OBAMA%3FSITE%3DAP%26SECTION%3DHOME%26TEMPLATE%3DDEFAULT%26CTIME%3D2010-01-08-21-59-34&timezone=300&var_SECTION=BUSINESS WASHINGTON (AP) -- His agenda altered by the Christmas bombing attempt, President Barack Obama pivoted back to the domestic economy on Friday, promoting new U.S. spending to create tens of thousands of clean-technology jobs.
So the AP is spinning it as a chance for Obama to "refocus" on clean energy jobs. Aside from the obvious positive spin AP is putting on for their man, how in the world are "clean jobs" going to fix 10% unemployment. Why is the media so confident in getting behind something as nebulous as "green jobs"? Under Bush the same News agency was trashing the president for 5% unemployment and only 900,000 new jobs!
If you read the whole article it pulls the typical MSM plays out of painting Republicans as mean old white guy who just don't like Obama. Even though Democrats also have some problems with how Obama is doing things. The author also seems to focus more on growing government than creating jobs.
The New York Times is also getting in on the lap dog defense of the party in power. Its starts with the ridiculous headline: "Obama Tries to Turn Focus to Jobs, if Other Events Allow". There is that focus word again. It seems to be the talking point the MSM is going with. Imagine the NYT and MSM making excuses for Bush like this. It would never happen in a million years!
http://www.nytimes.com/2010/01/09/business/economy/09assess.html
President Obama keeps trying to turn attention to “jobs, jobs, jobs,” as his chief of staff has put it. But he is finding that it can be hard to focus on any one issue when so many demand attention, often unexpectedly.Awwww, poor Obama. The guy wants to do a good job, but reality keeps rearing its ugly head. They also point out that its "hard". Imagine that, being president is hard. Funny we never heard such ridiculous defense of Bush from the same people. The pathetic piece goes on.....
Meanwhile, the world keeps intruding as Mr. Obama tries to execute his promised pivot.
No sooner was the president home on Monday from his Hawaiian holiday break than he was closeted for days at the White House with his national security team, on responses to the foiled Christmas Day airliner attack.
With House and Senate Democrats now in the home stretch of their negotiations for a compromise on health care legislation, he will have to be more directly involved than ever before in those gritty legislative details.
Anita Dunn, until recently Mr. Obama’s communications director, said that when the health care bill was completed, “that will give the administration more space to really communicate to the American people about those things that have been done and that the president continues to push forward on to make the economy work for middle-class families.”
Mr. Obama, in his Friday afternoon statement on the job numbers, called them a reminder “that we have to continue to work every single day to get our economy moving again. For most Americans, and for me, that means jobs.”The problem is that the work hes doing is making things worse. Dont count on the media to inform you of this though. They're too busy running defense for this administration. If Obama wanted jobs we would be doing things to help small business and give people back more of their money. Instead hes coming up with new taxes based on a religion, growing government and taking over industry. None of these is going to spur job creation. It will on the other hand advance a leftist agenda.
CNN is also getting with the program and making excuses for Obama, instead of being critical. It made perfect sense under Bush, but now they suddenly think its best to just agree and promote whatever Obama wants to do.
As an example of actual journalism, the Dow Jones newswire gave an objective summary (http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=14c63b70-f8ba-49ab-831c-e71a95b4a4d9) of the ADP report that included more information. December's numbers showed a temporary boost for jobs in customer service, mostly due to extra shopping for Christmas and Hanukkah, while other industries kept shrinking. Worse yet, even with the retail hiring, there was still more overall loss than what experts had predicted.
By contrast, nowhere did CNN's article explain exactly how persistent layoffs were a sign of good times to come, nor did the writers ask how these predictions seemed to be wrong so often. In fact, speculation about the future was a tangled mess throughout the piece.http://money.cnn.com/2010/01/06/news/economy/job_cuts/index.htm
In some welcome news on the job front, the pace of U.S. job losses eased in December, according to two reports released Wednesday.
Automatic Data Processing (ADP (http://money.cnn.com/quote/quote.html?symb=ADP&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2009/snapshots/2227.html?source=story_f500_link)), a payroll-processing firm, said private-sector employers cut 84,000 jobs in December, the fewest since March 2008.
It was the ninth straight month that job losses narrowed from the previous month. The number of cuts in November was revised down to 145,000 from the previously reported 169,000.
Economists surveyed by Briefing.com had forecast a loss of 75,000 jobs in December.
Its quite a shift from economic reporting by CNN under Bush. Then in 2006, when unemployment went as low as 4.7%, instead of celebrating the end of recession fears, CNN found a way (http://money.cnn.com/2006/02/03/news/economy/jobs_january/index.htm) .
http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm
The drop in unemployment was the latest sign of a tightening labor market, which could put upward pressure on wages and prices in the months ahead.
On Wall Street, stocks fell as investors worried that the report makes further interest rate hikes by the Federal Reserve more likely.
Jeoff Hall, the chief U.S. economist for Thomson Financial, agreed that the unemployment rate could bounce back up in coming months as those now not counted as in the labor force start to look for or find jobs.
Actually, when reporting a tough economy under Democratic leadership, CNN's strategy seemed to be ignoring President Obama's influence altogether. The bright future of 10% unemployment did not mention a single politician or any thought of the drastic measures recently taken to stimulate the economy.