Katie Couric spoke to Chip Reid about a new report showing unemployment rates moving up to 9.8 percent, and the White House response to Chicago losing the Olympic Bid.
Clem's Chronicles: Olympics To Rio/Jobs Report/Letterman Folo
congratulations on making it thru another work week. have a safe and happy weekend everyone......here's some of what's going on this evening.......... OLYMPICS TO RIO-It’s like 1969 all over again for Chicagoans. That year, the Cubs were heading for the...
Obama vs. GOP: It's the economy
by Mark Silva
"Employment is often the last thing to come back after a recession,'' President Barack Obama notes today, in his weekly address, the day after the Labor Department reported 9.8 percent unemployment in September, the highest rate since 1983..
With more than 7 million jobs lost since the start of the recession, the president says today, the report is "a reminder that "progress comes in fits and starts.'' That's what he said on the steps of the Rose Garden yesterday, returning from a failed Olympic mission in Copenhagen to face the unrelenting challenges at home.
Obama maintains that one of the biggest brakes on recovery is the rising cost of health insurance for those who have it, and the absence of coverage for the many millions lacking it. Yet the Republicans maaintain that Obama's health-care overhaul is part of a bigger "job-killing'' Democratic agenda that includes "cap and trade'' energy legislation that has cleared the House and is ramping up in the Senate now.
The way all of this plays out, and what the economy looks like one year from now, is certain to play a major role in the outcome of the 2010 midtern elections.
With the Senate Finance Committee wrapping up its package for health-care reform this week, all eyes will turn to the floors of the Senate and House this month, where conflicting plans will clash -- and where critics will warn that the plans which Democrats are proposing will burden the very small businesses which Obama insists he wants to help.
"These small businesses are the mom and pop stores and restaurants, beauty shops and construction companies that support families and sustain communities,'' he says in his radio and Internet address. "They're the small startups with big ideas, hoping to be the next Google, or Apple, or HP. Altogether, they create roughly half of all new jobs.
"As we move forward in the coming weeks, I understand that members of Congress from both parties will want to engage in a vigorous debate and contribute their own ideas. And I welcome those contributions. I welcome any sincere attempts to improve legislation before it reaches my desk. But what I will not accept are attempts to stall, or drag our feet. I will not accept partisan efforts to block reform at any cost....
"I am confident that we will pass reform this year, and help ensure that our entrepreneurs, our businesses, and our economy can thrive in the years ahead,'' the president says at the start of what promises to be a tough month on Capitol Hill.,
"Now,'' says Rep. Candice Miller (R-Mich.) in the GOP's weekly address today, "at a time when both parties should be squarely focused on getting Americans back to work, Democrats are actually redoubling their efforts to implement job-killing policies that will stretch family budgets even further and pile more debt on our children and grandchildren.
"Making its way through Congress is a 'cap-and-trade' national energy tax that would increase electricity bills, raise gasoline prices, and ship more American jobs overseas,'' she warns. "Of course,'' she adds, "a costly government takeover of healthcare remains the centerpiece of Democrats' domestic agenda.''
See the president's address above, the Republican address below, and read both below the fold, here in the Swamp:
Prepared Remarks of President Barack Obama
Weekly Address, Washington, DC, October 3, 2009
When I took office eight months ago, our nation was in the midst of an economic crisis unlike any we'd seen in generations. While I was confident that our economy would recover, we know that employment is often the last thing to come back after a recession. Our task is to do everything we possibly can to accelerate that process.
And we've certainly made progress on this front since the period last winter when we were losing an average of 700,000 jobs each month. But yesterday's report on September job losses was a sobering reminder that progress comes in fits and starts, and that we will need to grind out this recovery step by step.
That's why I'm working closely with my economic team to explore additional options to promote job creation. And I won't let up until those who seek jobs can find them; until businesses that seek capital and credit can thrive; and until all responsible homeowners can stay in their homes.
It won't be easy. It will require us to lay a new foundation for our economyone that gives our workers the skills and education they need to compete; that invests in renewable energy and the jobs of the future; and that makes health care affordable for families and businessesparticularly small businesses, many of which have been overwhelmed by rising health care costs.
This is something I hear about from entrepreneurs I meetpeople who've got a good idea, and the expertise and determination to build it into a thriving business. But many can't take that leap because they can't afford to lose the health insurance they have at their current job.
I hear about it from small business owners who want to grow their companies and hire more people, but they can't, because they can barely afford to insure the employees they have. One small business owner wrote to me that health care costs areand I quote"stifling my business growth." He said that the money he wanted to use for research and development, and to expand his operations, has instead been "thrown into the pocket of healthcare insurance carriers."
These small businesses are the mom and pop stores and restaurants, beauty shops and construction companies that support families and sustain communities. They're the small startups with big ideas, hoping to be the next Google, or Apple, or HP. Altogether, they create roughly half of all new jobs.
And right now, they are paying up to 18 percent more for the very same insurance plans as larger businesses because they have higher administrative costs and less bargaining power. Many have been forced to cut benefits or drop coverage. Some have shed jobs or shut their doors entirely. And recent studies show that if we fail to act now, employers will pay six percent more to insure their employees next yearand more than twice as much over the next decade.
Rising health care costs are undermining our businesses, exploding our deficits, and costing our nation more jobs with each passing month.
So we know that reforming our health insurance system will be a critical step in rebuilding our economy so that our entrepreneurs can pursue the American Dream again, and our small businesses can grow and expand and create new jobs again.
That is precisely what the reform legislation before Congress right now will do. Under these proposals, small businesses will be able to purchase health insurance through an insurance exchange, a marketplace where they can compare the price, quality and services of a wide variety of plans, many of which will provide better coverage at lower costs than the plans they have now.
Small businesses won't be required to cover their employees, but many that do will receive a tax credit to help them pay for it. If a small business chooses not to provide coverage, its employees will receive tax credits to help them purchase health insurance on their own through the insurance exchange.
And no matter how you get your insurance, insurance companies will no longer be allowed to deny your coverage because of a pre-existing condition. They won't be able to drop your coverage if you get too sick, or lose your job, or change jobs. And we'll limit the amount your insurance company can force you to pay out of your own pocket.
By now, the urgency of these reforms is abundantly clear. And after long hours of thoughtful deliberation and tough negotiation, the Senate Finance Committeethe final congressional committee involved in shaping health care legislationhas finished the process of crafting their reform proposal.
As we move forward in the coming weeks, I understand that members of Congress from both parties will want to engage in a vigorous debate and contribute their own ideas. And I welcome those contributions. I welcome any sincere attempts to improve legislation before it reaches my desk. But what I will not accept are attempts to stall, or drag our feet. I will not accept partisan efforts to block reform at any cost.
Instead, I expect us to move forward with a spirit of civility, a seriousness of purpose, and a willingness to compromise that characterizes our democratic process at its very best. If we do that, I am confident that we will pass reform this year, and help ensure that our entrepreneurs, our businesses, and our economy can thrive in the years ahead.
Thanks
Remarks of Rep. Candice S. Miller
provided by the Republican National Committee
Hello, I'm Congresswoman Candice Miller and I am very proud to represent Michigan's Tenth Congressional District.
Yesterday, the federal government reported that hundreds of thousands of Americans were laid off during the month of September.
All told, our economy has lost roughly 3 million private-sector jobs since President Obama and Speaker Nancy Pelosi's trillion-dollar 'stimulus' plan became law.
At the time, the people of Michigan were told this so-called 'stimulus' would create jobs in our state immediately, more than 100,000 of them. Well, now local economists say we are on track to lose 300,000 jobs just this year alone.
And while the American people were promised that the 'stimulus' would prevent unemployment from rising above 8 percent, it's now teetering on the verge of 10%. And in Michigan, our unemployment rate is the nation's highest at 15.2%.
It didn't have to be this way.
Republicans offered better ideas to help working families and small businesses across our country weather this storm.
In fact, according to a formula created by one of President Obama's senior economic advisers, our economic recovery plan would have created twice the jobs at half the cost.
Our plan is based on the belief that fast-acting tax relief is the most effective way to put our economy back on track. It focuses on helping small businesses create jobs, not spending more taxpayer dollars to expand government.
And now, at a time when both parties should be squarely focused on getting Americans back to work, Democrats are actually redoubling their efforts to implement job-killing policies that will stretch family budgets even further and pile more debt on our children and grandchildren.
Making its way through Congress is a 'cap-and-trade' national energy tax that would increase electricity bills, raise gasoline prices, and ship more American jobs overseas.
According to the Obama Administration's own estimates, this national energy tax would cost American households an extra $1,700 per year. There could not be a worse time to heap additional pain on families struggling to make ends meet.
Of course, a costly government takeover of healthcare remains the centerpiece of Democrats' domestic agenda.
And when I say 'costly,' I mean for you and for your families. Washington Democrats intend to fund their government-run health care plan with cuts to Medicare benefits for seniors and massive new taxes on small business owners.
Republicans have offered fiscally-responsible solutions that address these serious challenges head-on while protecting American jobs instead of putting them at risk.
You know, Washington Democrats' job-killing agenda makes me think they are living on a different planet from the families living in America's suffering heartland.
In Macomb County, Michigan, where I am from, you can feel the anxiety. Our seniors have had no choice but to put off long-planned retirements and continue working while our childrenour very futureare moving away in search of a job, any job.
This isn't the change the American people were promised. Republicans hope that the President and Speaker Pelosi will put aside their job-killing agenda and help promote policies to get Americans working again. I'm Congresswoman Candice Miller. Thanks for listening.
Why Chicago Failed To Win The Olympics
The Windy City's political talents were offset by new rules meant to protect International Olympic Committee voters from the sort of influence peddling that might have worked in the past.
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