Republicans Stunned Into Silence After Obama Economy Posts Massive Jobs Gains

[Stellar]

More: PoliticusUSA

It was just a month ago that Republicans were telling voters that the economy is terrible, but after it was announced that the economy created 287,000 new jobs, the GOP reaction has been silence. It was just a month ago that Republicans were telling voters that the economy is terrible, but after it was announced that the economy created 287,000 new jobs, the GOP reaction has been silence.

The economy added 287,000 jobs in June, a bounce-back from May’s low number and a clear indication that the economy continues to make solid progress. U.S. businesses have now added 14.8 million jobs since private-sector job growth turned positive in early 2010. So far in 2016, job growth has averaged a solid 172,000 jobs a month, well above the pace needed to maintain a low and stable unemployment rate. Meanwhile, the labor force participation rate ticked up in June, while part-time employment for economic reasons as a share of the labor force saw its largest one-month drop since 2010. Most importantly, average hourly earnings for private employees have increased 2.6 percent over the last twelve months, tied for the fastest twelve-month pace since the recovery began. Nevertheless, more work remains to sustain faster wage growth and to ensure that the benefits of the recovery are broadly shared, including investing in infrastructure and job training, implementing high-standards trade agreements like the Trans-Pacific Partnership, and raising the minimum wage.

Why it seems like it was just yesterday that Donald Trump was telling voters how terrible the economy is, and he promised to make America great again. Well, it turns out that Barack Obama and the American people have already made their country great.

With the economy doing so well, Republicans have little of substance to run their campaigns on. The good economic numbers also explain why the GOP has so heavily investigation in conspiracy theories like Benghazi and Hillary Clinton’s emails. Democrats have a strong economy and a popular incumbent president working in their favor.

[lunatica]

1. Yup. Crickets...

[Motley13]

2. You know what the repugs will say

287,000 quit looking for jobs

[bulloney]

4. But we're using the same metrics during Bush's presidency

You remember? When we had monthly net job losses in the hundreds of thousands? But when have silly things like data prevented them from acting like a-holes?

[Wellstone ruled]

3. Okay,their on air stooges on the

Going out of Business Channels,have been chewing the crap out of the numbers. Calling them misleading,and there should have been greater numbers but Administration Policy's and burdensome Corporate Taxes are killing jobs. And the Minimum Wage is to high,and it is killing jobs. On and on with the drivel.

[brush]

6. It's always that way for those over 60, even over 50

It's a dirty secret to many but it was even worse under Bush.

[Jitter65]

7. And the GOP has offered you exactly what? The GOP Congress has accomplished exactly what? nt

[Ohioblue22]

10. Sounds like Somalia's the place for you no pesky government creating a measly 287000

jobs that don't do you any good.......... that is until you need something

[Rex]

8. They are always stunned when the government works like it is supposed to.

The GOP has not worked an honest day in it's miserable lifespan - OF COURSE they are baffled. A child being shown algebra for the first time would also be baffled.

Yet the child might try and learn the new information - the GOP just sits as spectators, picking up a paycheck for destabilizing the country. Year after year.

SMH

[Cha]

9. Mahalo, Stellar~

[Stellar]

11. Cha!

[Cha]

12. ...

Stellar~

[4dsc]

13. Then why do democratic party member shy away from this news?

Anyone? Why do we allow the republican party to frame the issues that define a campaign?

[rladdi]

14. The Economy is good, but jobs wages are the lowest. GOP have been driving them down since Ronald

Reagan was President. The real issue is that the GOP has not created one job since 2008. And they brag now, how they will create so many good paying jobs, Why not now, Republicans?

[progree]

15. Real (inflation-adjusted) weekly earnings of production and non-supervisory workers, 1980-present

INFLATION-ADJUSTED Average Weekly Earnings Of Production And Nonsupervisory Employees, Total Private, 1982-84 Dollars
http://data.bls.gov/timeseries/CES0500000031

Again, the above are INFLATION-ADJUSTED earnings

Here is the nominal, i.e. not-inflation-adjusted version of the above:
Weekly: http://data.bls.gov/timeseries/CES0500000030
Hourly: http://data.bls.gov/timeseries/CES0500000008

1980 was Carter's last full year. Reagan became president January 20, 1981.

[left-of-center2012]

16. Right wing not silent

Before crawling out of bed this morning I turned on my bedside radio to get the local news on the hour and heard the end of some talk show where the host said recent events (?) proved that the collapsing economy was a result of the failure of Obama's eight years.

I guess there are folks who are uneducated to the truth and will believe what right wing talking heads tell them.

If my memory is correct, the stock market was around 8,000 at the end of "W"s term, and closed this Friday around 18,000?

[progree]

20. The Dow under GW Bush and under Obama so far

Dow Jones Industrial Average: http://finance.yahoo.com/q/hp?s=%5EDJI+Historical+Prices

Jan 19, 2001 10,587 Last Dow close under Clinton

Jan 16, 2009 8,281 Last Dow close under Bush (a 22% decline under Bush)

July 8, 2016 18,147 Latest Dow close as of this posting (a 119% increase under Obama -- more than a doubling)

(Total returns - which includes dividends - are higher than the index gains by about 2-3 percent per year)

[OnlinePoker]

17. You know they'll claim it's improving despite the policies of the administration

They'll also claim it was through their holding the line on budgets in their do nothing congress that allowed the job creators to do just that.

[Spitfire of ATJ]

18. It's like FOX "News" reporting every drop in the market but never any gains....

A typical viewer would feel confident in saying the economy has been in a nosedive under Obama.

[Yo_Mama_Been_Loggin]

19. Thanks Obama!!!!

[Stellar]

22. Just got my period AGAIN....thanks Obama...

[napkinz]

21. kick