Tag Archives: obama

News Roundup – Cuba, Katie, New Jersey Water

President Obama is in Cuba. Yep, Cuba. I think that this is a good thing. Not talking with Cuba really has done nothing to destabilize its government in over 50 years. Let’s try to bring them into the 21st century.

Kate Couric bought a $12 million condo in New York. Look, I’m happy for her, but $12 million for 4000 sq ft? Couldn’t she have spent a million dollars and gotten something really nice in Virginia? Maybe fly back and forth? I’m just askin’.

What has happened in Flint, Michigan is a tragedy. This type of travesty should never happen in the United States. Ever. It looks as if other folks have water issues, like New Jersey. 80 carcinogens were found in New Jersey’s water supply. That’s not good.

A terror suspect has been found. Salah Abdeslam was captured in Belgium. He was wanted in the Paris attacks.

Clinton folks are going to paint Trump as unfit for the presidency. I think that this strategy is too weak. Trump needs to be painted as dangerous, undisciplined and crazy.

Another violent outburst at a Trump rally.

NCAA – Sweet 16!!!

Congratulations to Jason Day for winning the Arnold Palmer Invitational. Days sinks a putt on the 72nd hole for the win. It was a gutsy performance.

Charleston Shooting

Terrible, awful shooting in Charleston.

This looks like terrorism to me.

From CNN:

The man suspected of killing nine people Wednesday night at a historic African-American church in Charleston, South Carolina, was arrested Thursday morning about 245 miles (395 kilometers) away in Shelby, North Carolina, law enforcement authorities said.

Dylann Roof, 21, of Lexington, South Carolina, was taken into custody without incident about 11:15 a.m. during a traffic stop, Charleston police Chief Greg Mullen said Thursday morning. He said local police were acting on a BOLO (be-on-the-lookout) notice that included a vehicle description, the license tag and the suspect’s name.

Roof was armed with a gun when he was arrested, according to a law enforcement official briefed on the investigation. It’s not clear if it’s the same firearm he allegedly used in the shooting.  (more…)

More updates here.

President Obama speaks out on the subject of easy access to guns – “I have had to make statements like this too many times. Communities have had to endure tragedies like this too many times,” he said. “We don’t have all the facts, but we do know that once again, innocent people were killed in part because someone who wanted to inflict harm had no trouble getting their hands on a gun. Now is the time for mourning and for healing. But let’s be clear. At some point, we as a country will have to reckon with the fact that this type of mass violence does not happen in other advanced countries. It doesn’t happen in other places with this kind of frequency.”

Public Sector Job Growth

One of the things that conservatives have said was that Obama was growing the government by hiring tons of public sector workers. This was not true and easily proven to be false. The following is from Calculated Risk Blog, who put together the numbers and the graphs. (There is no website that I know of that does a better job at giving us an overall picture of the economy.)

A big difference between the presidencies has been public sector employment.  Note the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, and 2010. 

 

The public sector grew during Mr. Carter’s term (up 1,304,000), during Mr. Reagan’s terms (up 1,414,000), during Mr. G.H.W. Bush’s term (up 1,127,000), during Mr. Clinton’s terms (up 1,934,000), and during Mr. G.W. Bush’s terms (up 1,744,000 jobs).

However the public sector has declined significantly since Mr. Obama took office (down 638,000 jobs). These job losses have mostly been at the state and local level, but more recently at the Federal level.  This has been a significant drag on overall employment.

And a table for public sector jobs. Public sector jobs declined the most during Obama’s first term, and increased the most during Reagan’s 2nd term.

 

Term Public Sector
Jobs Added (000s)
Carter 1,304
Reagan 1 -24
Reagan 2 1,438
GHW Bush 1,127
Clinton 1 692
Clinton 2 1,242
GW Bush 1 900
GW Bush 2 844
Obama 1 -702
Obama 2 641
128 months into 2nd term, 110 pace

Looking forward, I expect the economy to continue to expand through 2016 (at least), so I don’t expect a sharp decline in private employment as happened at the end of Mr. Bush’s 2nd term (In 2005 and 2006 I was warning of a coming recession due to the bursting of the housing bubble).

For the public sector, the cutbacks are clearly over at the state and local levels, and it appears cutbacks at the Federal level might also be over.  Right now I’m expecting some increase in public employment during Obama’s 2nd term, but nothing like what happened during Reagan’s second term.

Here is a table of the top three presidential terms for private job creation (they also happen to be the three best terms for total non-farm job creation).

Clinton’s two terms were the best for both private and total non-farm job creation, followed by Reagan’s 2nd term.

Currently Obama’s 2nd term is on pace to be the 2nd best ever for private job creation.  However, with very few public sector jobs added, Obama’s 2nd term is only on pace to be the third best for total job creation.

Note: Only 64 thousand public sector jobs have been added during the first twenty eight months of Obama’s 2nd term (following a record loss of 702 thousand public sector jobs during Obama’s 1st term).  This is less than 8% of the public sector jobs added during Reagan’s 2nd term!

 

Top Employment Gains per Presidential Terms (000s)
Rank Term Private Public Total Non-Farm
1 Clinton 1 10,885 692 11,577
2 Clinton 2 10,070 1,242 11,312
3 Reagan 2 9,357 1,438 10,795
Obama 21 6,322 64 6,386
Pace2 10,838 110 10,948
128 Months into 2nd Term
2Current Pace for Obama’s 2nd Term

The second table shows the jobs need per month for Obama’s 2nd term to be in the top three presidential terms.

 

Average Jobs needed per month (000s)
for Obama’s 2nd Term
to Rank Private Total
#1 228 260
#2 187 246
#3 152 220

Read more at http://www.calculatedriskblog.com/2015/06/public-and-private-sector-payroll-jobs.html#j5XVy8W01MpQe7Td.99