Stagnant Jobs Report: Eight Years of Obama? Romney Says No


Today’s job report shows that unemployment is at 9.1%. Is that good news?

14% of small businesses laid off employees last month and they don’t plan to re-hire or expand. The number of workers who have stopped working and those who are engaged in part-time work, who want full-time work, push the job report numbers to 16%.

46 million Americans are on food stamps, the highest number in U.S. history, up 20 million from 2008.

Yesterday, the meltdown of the stock market saw the Dow Jones Industrial plummet 513 points – spooking investors across the world. The news today that hiring had slightly picked up in July caused the stock market to open higher this morning, but those gains were wiped out in just 25 minutes. Later in the day, only when the Italian Prime Minister unveiled an ambitious plan to help his beleaguered nation, the markets came up for a breather.

Here’s some of what Larry Doyle, (Business Insider), has to say:

Not so fast.

Let’s peel the onion a little deeper and get a real assessment of the health of our labor situation. To do that, let’s skip the verbiage provided by pundits and politicians and look at the hard numbers as provided in the Employment Situation Summary produced by the Bureau of Labor Statistics.

What do we learn? Are you sitting down?

The labor participation rate continues to decline. This measure of people who are either employed or actively looking for work declined last month from 64.1% to 63.9%. Why? People are so discouraged that they have given up looking for work.

Please scroll to the bottom of the report to which I linked. We witness that the number of discouraged workers rose from 982, 000 in June (822, ooo in May) to a whopping 1,119,000 last month.

We had an increase of 137,000 discouraged workers last month and 297,000 discouraged workers over the last two months. Juxtapose those figures next to the increase in the non-farm payroll of 117,000 workers last month.

No, we did not hit a triple with this report. In fact, when we incorporate the discouraged workers into our review my ‘sense on cents’ indicates to me that our situation actually worsened.

(emphasis added)

Jobs Report: Too Little, Too Late?

Romney tweets:


When you see what this president has done to the economy in 3 years, you know why America doesn’t want to find out what he can do in 8less than a minute ago via web Favorite Retweet Reply


Today’s unemployment report represents the 30th straight month that the jobless rate has been above 8% http://t.co/b5q8R0l #ObamaIsntWorkingless than a minute ago via web Favorite Retweet Reply



Reports show that the nearly 13.9 million unemployed have been without work for seven months or longer. The slight decrease in today’s numbers today are deceptive because 200,000 Americans simply quit looking for jobs; they form a new category – ‘discouraged workers’.

Analysts say that the 117,000 jobs created in July doesn’t keep up with population growth; 130,000 jobs are needed to keep pace. Even if 175,000 jobs were consistently created each month, the USA wouldn’t return to 5% unemployment until 2018.

UPDATE: S&P downgrades U.S. credit rating for first time!

Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time.

The move came even though the Treasury Department said that it had found a math error in the firm’s calculations of deficit projections, according to a person familiar with the matter.

S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.

Analysts have said a downgrade could increase the cost of borrowing for the U.S. government and lead to tens of billions of dollars in more interest costs per year. That could translate into higher borrowing for consumers and businesses, too.

UPDATE 2 – Romney tweet:


America’s creditworthiness just became the latest casualty of President Obama’s failed leadership on the economyless than a minute ago via web Favorite Retweet Reply




Obama isn’t working.

Time for Mr. Turnaround – Mitt Romney.

► Jayde Wyatt

RNC Meeting in Tampa, FL: Only Campaign Represented? Mitt Romney


The Republican National Committee has landed in Tampa, Florida this week for their three-day summer meeting (site of the RNC convention next year). Officials continue to organize and are scoping out convention venues.

Guess who is the only GOP presidential candidate to send representatives there?

You know it.

Mitt Romney.

WashingtonPost.com August 4, 2011

TAMPA — Mitt Romney has dispatched three senior campaign officials to hold strategy briefings with Republican National Committee members at the RNC’s summer meeting here, as Romney tries to consolidate the party establishment around his 2012 candidacy.

No other Republican presidential candidate has a presence at the four-day meeting, according to multiple RNC members. Romney’s team arrived in Tampa — which will host the 2012 Republican National Convention — to present the case for his candidacy to the RNC’s 168 state party chairmen and other committee members, the vast majority of whom are unaligned in the presidential contest.

Romney campaign roster announcing campaign briefing at the RNC summer meeting in Tampa, Florida. 8/4/11 (click on photo to enlarge)

Romney’s deputy campaign manager, political director and communications director will outline Romney’s strategy in the early voting states, the campaign’s fall timetable, and provide a briefing on the status of the race at a closed-door meeting here Friday.

The campaign plans to distribute maps of the country, color-coded based on the early states, so-called “momentum” states that follow, and the Super Tuesday states. It will brief RNC members on the political organization Romney is building in each, according toan RNC member who attended a pre-briefing on Wednesday with Romney officials.

The campaign also will give RNC members a packet featuring positive press clippings and a list of endorsements Romney has received in various states — an apparent effort to show that many in the GOP hierarchy are consolidating around Romney.

“The Romney campaign’s been the only one I’m aware of doing briefings like this, setting up organizations in all 50 states,” said Saul Anuzis, an RNC member from Michigan.

(emphasis added) Continue reading here.

Smart, smart, smart!

More RNC news coming out of Tampa…

August 4, 2011 – RNC rejects tough sanctions on primary calendar

TAMPA, Fla. (WACH, AP) — The Republican National Committee has rejected a plan to impose tougher sanctions on states that jump ahead in the presidential primary calendar.

The measure would have stripped VIP passes and desirable hotel accommodations from states like Arizona and Florida, which are considering late January primary elections. That’s a violation of RNC rules, and some Republicans say it could cause chaos.

But the RNC Rules Committee voted Thursday to postpone action on new sanctions until next year.

Republicans from states like New Hampshire and South Carolina called out Arizona Gov. Jan Brewer by name Thursday, pushing her state to wait its turn. Any significant change, they say, could force their states to move primaries to December or January.
[...]
Arizona Republicans say an earlier primary would highlight issues important to Western voters.



RNC’s latest ad: ‘Change Direction 4′

► Jayde Wyatt

Romney’s Justice Advisory Team: Endorsement From Co-Chairs Bork and Glendon


On Tuesday, Mitt Romney announced the backing of a 63 member team of lawyers whose function will be to advise him on homeland security, law enforcement, regulatory issues, and constitutional and judicial matters. On that same day, the esteemed co-chairs of his new Justice Advisory Team, Judge Robert H. Bork & Professor Mary Ann Glendon, wrote a powerful article of endorsement for Governor Romney:

MittRomney.com

TOWARD A GOVERNMENT OF LAWS

August 2, 2011

Today, we join over sixty leaders of the legal profession — private practitioners, corporate lawyers, former judges and executive branch employees, academicians — in expressing our fervent support for Mitt Romney in his run for the presidency.

Each of these individuals has his or her own reasons for supporting Mitt Romney. Our reason is this: America was founded on and owes its freedom and prosperity to rigorous devotion to the Constitution and the rule of law. President Obama lacks dedication to these principles. He has repeatedly attacked the rule of law and the institutions and virtues it protects. Mitt Romney, in contrast, is assiduous in his defense of the distinctive legal heritage that is the bedrock of our society.

Barack Obama’s presidency — marked by unprecedented claims of federal power and executive fiat — has accelerated an imprudent and dangerous drift from the rule of law. We see this drift in three main instances.

First, we are alarmed by President Obama’s abdication of his duty to zealously defend and administer the laws of the United States. In an absolutely unprecedented action, President Obama and his attorney general have refused to defend an important federal statute, the Defense of Marriage Act, in court. This lawlessness is particularly striking, given that the DOMA was passed by large majorities in both Houses of Congress before it was signed by President Clinton. What the administration’s decision seems to reflect is not only the President’s disregard for the rule of law, but his disdain for traditional family values and the people who hold them (people who, as he contemptuously put it, “cling to guns or religion”).

The Obama Administration has also refused to fully enforce federal immigration laws, going so far as to sue states that pass laws to perform the enforcement duties the federal government will not. And in Guantanamo detainee litigation, the administration has declined to make the most obvious legal arguments, apparently for political reasons.

Second, we see the drift in numerous examples of President Obama’s expansion of executive discretion and regulatory power. Most glaring is Obamacare, which constitutes an unprecedented federal usurpation of powers reserved to the states and to the people. Further, both Obamacare and the wide-ranging financial regulatory law have created multiple independent boards with broad mandates to act free from both the ballot box and meaningful oversight. Those same laws have given bureaucrats the discretionary power to grant waivers, the criteria for which are largely unknown. The Environmental Protection Agency has claimed vast powers to regulate carbon emissions despite clear congressional intent to the contrary and widespread popular opposition.
[...]

Bork and Glendon then write of Obama’s disdain for the rule of law in his standard for choosing judges.

They conclude:

We support Mitt Romney because he is committed to restoring a government of laws, and not of men.

(emphasis added

Do read the entire article here.

► Jayde Wyatt

Marriage Pledge Signed by Romney


Mitt Romney has signed a pledge from the National Organization for Marriage (NOM) supporting marriage between a woman and man:

Wall Street Journal

August 4, 2011
Former Massachusetts Gov. Mitt Romney, Rep. Michele Bachmann (R-Minn.) and former Sen. Rick Santorum have signed a pledge from the National Organization for Marriage to oppose gay marriage at several levels of the federal government, The Wall Street Journal reported Thursday.

But former Minnesota Gov. Tim Pawlenty, who has sought to burnish his credentials as an evangelical Christian, declined to sign it, possibly putting him at odds with the social conservatives he is trying to court in Iowa. The National Organization for Marriage (NOM) is running a four-day Iowa bus tour leading up to the Aug. 13 straw poll in Ames.
[...]

Candidates who sign the National Organization for Marriage pledge promise to support a constitutional amendment that defines marriage as being between a man and a woman, defend the Defense of Marriage Act in court, appoint federal judges who do not see a legal argument for gay marriage and establish a “presidential commission on religious liberty” to protect gay marriage opponents.

The pledge also calls for a referendum on gay marriage in the District of Columbia.



Press release from National Organization for Marriage (NOM):

“Three marriage champions have emerged,” says Brian Brown, President of the National Organization for Marriage.

“Many candidates say they support traditional marriage (like President Obama!) but three GOP presidential candidates today stand head and shoulders above the crowd as marriage champions, for their willingness to go beyond words to commit to concrete actions,” said Brian Brown, president of NOM, speaking on the eve of the launch of the Values Voter Bus Tour through 22 Iowa cities, which NOM is co-sponsoring. “We are grateful to Michelle Bachmann, Mitt Romney and Rick Santorum for their courage and their leadership in standing up for marriage, and so are millions of Americans who care about protecting marriage.”

Read more here.

► Jayde Wyatt