Tag Archive for Economic Recovery

US Unemployment Drops to 8.6 Percent

The Bureau of Labor Statistics today released the monthly employment report and things are looking up. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000…

Obama Weekly Address: GOP Filibustering Recovery & Obstructing Progress

In this week’s address, the President blasts Republicans in the Senate who are blocking unemployment insurance and small business tax breaks to create jobs — even as they push for permanent, massive tax cuts for the richest Americans. The Republican leadership in the United States Senate chooses to filibuster our recovery and obstruct our progress. And that has very real consequences.

Pelosi: Lowest taxes since 1950 because of Democrats changes in tax policy

“Despite all their rhetoric, when the time came to support lower taxes for 98 percent of Americans, Republicans in Congress voted ‘no.’ Not a single Republican voted for tax relief, even in the midst of the greatest recession since Herbert Hoover that they created through the policies of the Bush Administration. By siding with Wall Street, Big Banks, and special interests, Congressional Republicans threaten to reverse this progress and return us to an era of devastating job losses, fiscal irresponsibility, and financial chaos.

Unemployment Rate Slowed in November

In a hopeful jobs report before the holidays, the nation’s unemployment rate eased to 10% in November from 10.2 % in October, and the number of workers on payrolls was essentially unchanged last month, the Labor Department said today.

Obama: Small Business Must be at the Forefront of Recovery

WASHINGTON – In this week’s address, President Barack Obama spoke of how important small businesses are to the economy and described the steps his administration is taking to support them.  Health insurance reform will allow small business to purchase insurance for their employees through exchanges, which will increase the quality of coverage while lowering the…

Blogging Obama’s Town Hall from the Press Playpen

It was a great privilege to have the chance to attend the Town Hall meeting with President Obama in Costa Mesa on Wednesday. I have had the opportunity to cover a number of events with the Democratic Party over my three years of blogging, but not as a credentialed member of the White House press.…