Jobs report may spur lawmakers to act on fiscal cliff
Lewis DiuguidThe good news from today’s jobs report may encourage lawmakers to reach an agreement to avoid the fiscal cliff.
The Labor Department reported that employers added 146,000 jobs in November, and the unemployment rate fell to 7.7 percent from 7.9 percent in October. By reaching an agreement to avoid the fiscal cliff President Barack Obama and Congress will help keep the economic-good-times party going.
Failure to maintain the George W. Bush-era tax cuts in some form and prevent the draconian automatic spending cuts could cause the four-year-low unemployment rate to spike to double-digit European levels and push the nation back into a recession.
If that were to happen, expect the depression-era bread, soup kitchen and food pantry lines to increase.
Debra Singer-Hanson
5 months, 2 weeks agoI so agree, except we need some revenue from the big guns.
JR Beillenhouser
5 months, 2 weeks agoYeah we need to tax the rich so we can pay for a full 8 days of spending. It is really going to help the economy because
https://www.washingtontimes.com/news/2012/dec/7/government-borrows-46-cents-every-dollar-it-spends/
And Lewis, 540,000 people fell off the labor participation rate, so I would try not to hurt yourself celebrating. We are at historically low participation rate and 73% of the new jobs are govt jobs. What a fantastic economy.
http://video.cnbc.com/gallery/?play=1&video=3000134005
Oh and Obama wants the fiscal cliff, in fact, he needs it. He wants to raise taxes on the middle class, this gives him what he wants and the possibility to blame the republicans. The Republicans should wash their hands of it and we should go on over. Obama will get what he wants, and maybe we can transform the Republican party into what we conservatives want, because it is not doing us any good at this point.
Mark Hastert
5 months, 2 weeks agoBoys these conservatives are glass is half empty bunch. I am heartened by their conversion to Keynesian economics. Suddenly they believe that austerity from the sequester would send us back into recession. There was even a recent conservative proposal for a carbon tax. Has sanity been restored to the Republican Party?
JR Beillenhouser
5 months, 1 week agoNo Mark, what you are seeing is the weeding out of Rinos vs conservatives. If you guys want it so bad, bring it on. Own it.
This administration is similar to the state governments that produced Wisconsin and Michigan, and will ultimately face the same results. Your praise for places like California, even as businesses flock to the exits, just reinstates that the libs have no sense of business or the economy.
I guess the only way people are going to get it is when it is so bad that it can’t be anymore obvious. Just ask the good people of Detroit.
George Hunsucker
Northland
5 months, 1 week agoAt least Michigan will have more jobs now that the state is going to be a right-to-work state. Less power for the union bosses=more jobs for the people.
When is MO going to get with the program and tell these union bosses because your members deserve CHOICE in whether to belong to a labor union or not??????
KS continues to lead us unfortunately.
Mark Hastert
5 months, 1 week ago“you are seeing is the weeding out of Rinos vs conservatives.”
What you guys call RINOs are weeding out the Tea Party. DeMint is off to a cushy job at Heritage. Dick Army is out at Freedom Works. Rubio is making speeches than sound like a Democrat. The Teas have their tails between their legs. Sanity will be restored and the “conservatives” (read extremists) will be in the swamp again by 2014.
Rush is right. Your America no longer exists.