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President Barack Obama gets grim job news; Mitt Romney pounces on it

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  • Rifleman Salt Lake City, Utah
    Sept. 11, 2012 11:30 a.m.

    Re: Wonder Provo, UT
    "Obama 2012!"

    Most economists agree that we are headed for another downturn in our economy. They just can't agree on whether it will be a recession ..... or a depression.

    Winners produce results. Losers look to blame someone else.

  • Wonder Provo, UT
    Sept. 10, 2012 6:39 p.m.

    Exactly right worf. Vote for Bush policies once (well twice), shame on him. Vote for the same policies again in 2012, shame on me. Obama 2012!

  • worf Mcallen, TX
    Sept. 9, 2012 7:25 p.m.

    If you don't work, you don't eat----John Smith, 1605

    Our country may have enough beggars and wimps to re-elect Obama.

  • junkgeek Agua Dulce, TX
    Sept. 9, 2012 7:23 p.m.

    The Deseret News is so adept at presenting one side only that the entire state of Utah is going to be shocked when Obama wins going away...

  • peter Alpine, UT
    Sept. 9, 2012 11:42 a.m.

    And tell me, are the jobless, poor who are living on government dole going to pay off the debt Bush and Obama have strapped onto this nation? Bush wasn't good for the economy, but Obama isn't good anything American except his family.

  • worf Mcallen, TX
    Sept. 9, 2012 9:25 a.m.

    Everything is George Bushes fault and Obama has turned things around. Voting for Romney would bring back those old Bush policies which got us into this mess. Voting for Obama is a move forward.

    A fool is someone who believes a lie. Kick me once and shame on you. Kick me twice and shame on me.

  • Bill McGee Alpine, UT
    Sept. 7, 2012 4:42 p.m.

    Unemployment dropped from 8.3% to 8.1%. I want a montage of Romney saying, "10-1/2% isn't good enough," "10% isn't good enough," "9-1/2% isn't good enough," "9% isn't good enough," "8-1/2% isn't good enough," "8% isn't good enough"... If this isn't the right direction, then what is?

  • LDS Liberal Farmington, UT
    Sept. 7, 2012 3:26 p.m.

    OK - I'll play along....

    When was the last time a 1st term Democratic President,
    With the a tanked economy,
    Growing deficiet,
    stagnant GDP,
    high une-mployment,
    and raising Oil prices?....

    Jimmy Carter - 1979

    Ronald Reagan won 44 of the 50 States,
    489 vs. 89 of the Electoral College votes (wtih only 270 needed to win)

    Romney just needed to show-up to repeat history.
    And he's loosing right now,

    Obama 332, Romney 206

    This shouldn't be happening,
    but THAT'S how bad he is.

  • Rifleman Salt Lake City, Utah
    Sept. 7, 2012 2:57 p.m.

    Re: UtahCentrist Salt Lake City, UT
    "When are Republican's going to man up for THEIR failures?"

    Winners produce results while losers look for someone else to blame. Obama has had 3 1/2 years to show some results. Since he can't cut it the time has come to elect someone who proved with the 2002 Winter Olympics that he knows how to get the job done .... without making excuses.

  • Truthseeker SLO, CA
    Sept. 7, 2012 2:56 p.m.

    e:Mountanman

    What of Bush's "Ownership Society?"

    From the "Financial Crisis Inquiry Commission" report:

    Widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.

    Dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.

    A combination of excessive borrowing, risky investments, and lack of transparency put the financial system on a collision course with crisis.

    The government was ill prepared for the crisis, and its inconsistent response added to the uncertainty and panic in the financial markets.

    There was a systemic breakdown in accountability and ethics.
    Lenders made loans that they knew borrowers could not afford and that could cause massive losses to investors in mortgage securities....They knew a significant percentage of the sampled loans did not meet their own underwriting standards or those of the originators. Nonetheless, they sold those securities to investors.

    Collapsing mortgage-lending standards and the mortgage securitization pipeline lit and spread the flame of contagion and crisis.

    Over-the-counter derivatives contributed significantly to this crisis.

    The failures of credit rating agencies were essential cogs in the wheel of financial destruction.

  • Truthseeker SLO, CA
    Sept. 7, 2012 2:15 p.m.

    One year ago, Obama laid out a series of policies to spur job growth called the American Jobs Act.
    The American Jobs Act included investment in infrastructure, tax credits to encourage employment and consumer spending and help for state and local budgets to prevent further layoffs of firefighters, law enforcement and teachers.

    Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.

    The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.

    Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.

    Goldman Sachs estimated it would add 1.5 percent to GDP.

    So what happened?

    We all know the answer. It went nowhere in Congress.

  • Mountanman Hayden, ID
    Sept. 7, 2012 2:09 p.m.

    For those of you insisting that it was GWB that caused our economic collapse, as a former banker, let me try to educate you. It was actually the federal government meddling in the housing market with sub-prime mortgages issued to people who had no hope of servicing their loans initiated during the Clinton years. Of course when hundreds of billions in bad mortgages were never repaid, banks ended up holding all this government induced credit as toxic assets. Bottom line, the federal government caused our economy to bust and Bill Clinton was much more complicit than GWB. Then there were the billions in UAW pension funds that automakers had no hope of paying, thus the bailouts to the UAW and the banks! Ergo here we are today. If we refuse to accept the cause, how can we ever fix it?

  • atl134 Salt Lake City, UT
    Sept. 7, 2012 1:33 p.m.

    Romney wants to return to the policies that caused the economy to trainwreck while his friends in the Congress block all jobs legislation.

  • Furry1993 Ogden, UT
    Sept. 7, 2012 12:26 p.m.

    Given his broad-drawn proposals, Romney would make things much worse. He appears to want to go back to the policies of the prior administration -- the policies that caused the problem in the first place. No thanks.

  • Happy Valley Heretic Orem, UT
    Sept. 7, 2012 12:24 p.m.

    Well mitt must have been creating a lot of jobs, with all the tax breaks he's been given,
    so perhaps he can list his accomplishments in the last 4 years.

    Yeah, he's been collecting money from other wealthy people who want more tax breaks and less oversight and no environmental regulation this is mitt's platform. Oh yeah he's been hiding his wealth all over the world to keep those jealous hoards from the sin of envy.

  • lost in DC West Jordan, UT
    Sept. 7, 2012 12:21 p.m.

    Centrist,
    actually it was barney frank (D) Mass that is responsible for the housing bubble that tanked the economy.

  • LValfre CHICAGO, IL
    Sept. 7, 2012 12:09 p.m.

    @patriot

    "Obama voters don't work anyway so unemployment and jobs reports don't apply to them."

    Patriot, sometimes I wish you'd keep your comments to yourself.

  • Phranc SALT LAKE CITY, UT
    Sept. 7, 2012 11:56 a.m.

    empty rhetoric did not win you the last election what makes you think it is going to work this time?

  • I-am-I South Jordan, UT
    Sept. 7, 2012 11:38 a.m.

    I find it interesting that the general stereotype of republican capitalists is that they are looking out of the "good ole boys" and that they just want to make the rich richer, and yet the areas in which the democratic party has the most power and influence are often the areas where the largest disparity between the poor and the rich...for example New York...Chicago...mere coincidence?...maybe. If the American people believe the economy can recover overnight they are delusional, but it's also fair to say that Obama has failed make improvements that justify the amount of money he spent.

    @UtahCentrist: The comment you're quoting is probably meant to be a satirical comment. The idea is that Obama and democrats tend to target the poor (not always true, but often true). Democratic voting people often support increased welfare and other social programs to help the poor...one reason they might support those is because they receive benefit from them. Was the comment prejudiced?...maybe not as much as you think. A true centrist would have found it funnier and would have been less critical, presumably because he understands both sides. Take it easy and laugh.

  • UtahCentrist Salt Lake City, UT
    Sept. 7, 2012 11:18 a.m.

    "When is Obama going to "man up" and take responsibility for his failures?"

    When are Republican's going to man up for THEIR failures? The economy crashed under their watch.

    You can't position yourself as a solution to a problem if you do not acknowledge your own part in the initial problem. Republican's are trying to create a time warp where it was Obama, and not Bush, who was the steward of the economy when it went belly up.

    Republican's are trying to pin every and all economic problem on Obama, even those that started before he was elected and have never once admitted that their ideas may have contributed to the crash in the first place. Talk about not "manning up."

  • Rifleman Salt Lake City, Utah
    Sept. 7, 2012 11:08 a.m.

    Bill Clinton's campaign slogan was "It's the economy, stupid". When is Obama going to "man up" and take responsibility for his failures? Probably easier for him to blame the Republicans and the alignment of the stars against him.

  • UtahCentrist Salt Lake City, UT
    Sept. 7, 2012 11:04 a.m.

    "Obama voters don't work anyway so unemployment and jobs reports don't apply to them."

    It's hilarious, the lies people tell themselves to justify their prejudices...

  • Liberal Ted Salt Lake City, UT
    Sept. 7, 2012 10:56 a.m.

    To the democrats the most important thing about a leader is the feelings they get when listening to them read from the teleprompter and smile and wave at them. That alone is their science and well thought out plan in selecting a leader. As long as there is tingling up the leg and talk about tolerance and acceptance (unless your opinion doesn't match theirs).

    The fact is more people are out of work. Yes jobs have been created. Millions of them. But, when you lose 4 jobs for every job created. That is a net loss. Same thing with the auto bailout. They lost money and are losing billions from it. He was going to save all of the money from war to pay down the debt. The problem is we were borrowing to pay for the war to begin with. He has continued the same borrowing and run up our debt.

    When your car isn't working well and you take it to the mechanic and it runs worse after he has repaired it, and you take it back and he tells you let's try adding this part to it and see what happens.Wejust need more time...

  • Counter Intelligence Salt Lake City, UT
    Sept. 7, 2012 10:55 a.m.

    Romney needs to turn up the heat; but the turning point will be the debates when it becomes obvious that Romney is not the evil being Obama has been trying to portray him as (because Obama cannot run on his owe record - he must negate the alternative).

  • patriot Cedar Hills, UT
    Sept. 7, 2012 10:50 a.m.

    Obama voters don't work anyway so unemployment and jobs reports don't apply to them.