October 3rd, 2008
09:00 AM ET
6 years ago

Obama, McCain react to job loss report

Sens. McCain and Obama released statements on the job loss report Friday.
Sens. McCain and Obama released statements on the job loss report Friday.

(CNN) – Both John McCain and Barack Obama released statements Friday morning reacting to the lasts jobs report showing employers cut 159,000 jobs in September - the biggest decline in five years.
"Our nation's economy is on the wrong track," McCain said. "It is imperative that Congress act to address the financial crisis while protecting taxpayers and being good stewards of their dollars. But we must do more. "

“With three-quarters of a million jobs lost this year, and millions of families struggling to pay the bills and stay in their homes, this country can’t afford Senator McCain’s plan to give America four more years of the same policies that have devastated our middle-class and our economy for the last eight," Obama said in his statement.

Full statements from both candidates after the jump

John McCain statement:

"Today's report of another 159,000 lost jobs confirms what America's working men and women have understood for months: our nation's economy is on the wrong track. It is imperative that Congress act to address the financial crisis while protecting taxpayers and being good stewards of their dollars. But we must do more.

"America's middle class needs help from a government that is truly standing on their side and not in their way. I am committed to getting to the roots of this crisis - reforming Washington and cleaning up the mess created by the greed and crony capitalism of government-backed mortgage giants - Fannie Mae and Freddie Mac. I will reverse out-of-control spending, end the wasteful and corrupting practice of earmarks, and get the government budget back to balance. I will reform health care to control costs and better serve American families, open markets around the globe for our products, cut taxes, and expand domestic production of energy to eliminate the ability of international oil markets to hold our economy hostage. I will create jobs and get the economy on the right track.

"Unlike Senator Obama, I do not believe we will create one single American job by increasing taxes, going on a massive spending binge, and closing off markets. Our nation cannot afford Senator Obama's higher taxes."

Barack Obama statement:

“Today, Americans woke up to the sad news that 159,000 jobs were lost last month alone, making September the ninth straight month of job loss. With three-quarters of a million jobs lost this year, and millions of families struggling to pay the bills and stay in their homes, this country can’t afford Senator McCain’s plan to give America four more years of the same policies that have devastated our middle-class and our economy for the last eight. Instead of Senator McCain’s plan to give tax breaks to CEOs and companies that ship jobs overseas, I will rebuild the middle-class and create millions of new jobs by investing in infrastructure and renewable energy that will reduce our dependence on oil from the Middle East. I also call on Congress to pass an immediate rescue plan for our middle-class that will provide tax relief, save one million jobs, and save our local communities from harmful budget cuts and painful tax increases,” said Senator Barack Obama.


Filed under: Candidate Barack Obama • John McCain
soundoff (247 Responses)
  1. Venus

    Keep hammering McSame!

    Tell the voters to say "Thanks... but no thanks!

    Obama/Biden 08!

    October 3, 2008 09:40 am at 9:40 am |
  2. temi

    JOHN MCCAIN, ALL OF AMERICA ALREADY KNOW'S WHOS GOING TO GIVE HIGHER TAXES TO 95% OF THE POPULATION, YOUUUU!!!!!!

    GO LOOK FOR ANOTHER LINE

    October 3, 2008 09:41 am at 9:41 am |
  3. thomas

    Congress is out to lunch. They added 2300 earmarks totalling $6.6 billion to the Senate's financial "rescue" bill. People are outraged at their lack of accountability and irresponsible leadership. There is a real disconnect between Washington and the people. There is a real crisis on Main Street and congress is diddling with with their pet projects. They are unable to grasp the scope and magnitude of the problem and are unwilling to take the kind of bold decisive action that is needed to restore stability and prosperity to America.

    The bank and securities monsters shot themselves in the head. They committed suicide by foreclosing on their customers. Congress is scrambling to repair the damage, but they haven't even tried to stop the bleeding. Where was the since of urgency when a million people were thrown out of their homes? Why do they still refuse to offer any relief to those most in need? What do they plan to do to help all of the people who who have been thrown under the bus as a result of their predatory practices? Why don't the people deserve top priority one month before a presidential election?

    October 3, 2008 09:43 am at 9:43 am |
  4. Accountant Guy

    Very nice President Obama!!

    Obama/Biden '08

    October 3, 2008 09:43 am at 9:43 am |
  5. Repbulicans Hate America

    What was that you said about the fundamentals of our economy are strong? Oh thats right you spun it to say it was the workers the over 3/4 of a million people since January that are out on the street.

    McPhony you are a bad joke

    Enough!

    October 3, 2008 09:44 am at 9:44 am |
  6. RJ, CA

    So what were YOU doing about it in the U.S. Senate, Obama? Oh, that's right - you weren't even your usual "present" more than 143 days - you were out campaigning - looking out for your OWN interests - NOT the American people's.

    McCain, Biden, Palin are great Americans who make me feel proud of my country.

    Obama is nothing but a self-serving autobiographer and a lying, cheating, corrupt Chicago politician!

    October 3, 2008 09:44 am at 9:44 am |
  7. Shari, NY

    Sigh! Sen. McCain's party biggest problem is being tied to George Bush. Am I right or wrong?

    October 3, 2008 09:45 am at 9:45 am |
  8. Frank

    It's increasingly clear that, when it comes to the economy, McCain has absolutely no idea what to do.

    If McCain can't bomb it, he doesn't know how to handle it.

    October 3, 2008 09:45 am at 9:45 am |
  9. bobbi

    with families already struggling the way they are, how can the government even think of taking over $2000 from their already limited income, wall street played the game, they lost, its time for them to pay the piper, NOT THE TAXPAYERS.

    October 3, 2008 09:45 am at 9:45 am |
  10. Jasmine

    and if McCain wins.....there will be more losses.

    October 3, 2008 09:47 am at 9:47 am |
  11. bert

    Joe Biden knew more about where McCain stood on alot of the issues more than Palin. Joe obviously has a better understanding of the political arena than Palin. This stuff is serious and we need people who know the game and how to play it right for the American people. We want a change but we don't want it at the expense of leadership that does not know what is going on. Palin=Puppet! Palin is no HRC. Women should be offended with the Palin pick by McCain. Joe had perfect opportunity to strike out at the stupid answers she gave or the stupid non answers she didn't give, but he did the right thing by letting us take care of that. Palin and McCain need to get a six pack and go to the White House and help Bush move the hell out of there, so that Obama and Biden can take over and get this country back on track. Vote for Obama 08 and 2012.

    October 3, 2008 09:48 am at 9:48 am |
  12. Ed, Santa Fe NM

    One of McCain's biggest missteps is calling himself a maverick.... who does he think he's fooling? About the only moron I can think who buys this maverick bit is Palin....

    October 3, 2008 09:48 am at 9:48 am |
  13. Bruce

    all the rhetoric is not helping.
    What are they going to do?
    Obama has plans, McCain have not heard what he wants...but
    the bottom line that neither wants to address is what will ahve to be cut or changed from thier plans because of the bailout "rescue".
    I still say the best was is give the money to the taxpayers and let us invest, spend, etc to get the economy back on track. If you are going to give money to businesses and banks, given it to us instead.

    October 3, 2008 09:49 am at 9:49 am |
  14. Dutch-VA

    But I thought the fundamentals of our economy were strong John. You were referring to the american working men and woman as you stated. Those men and women don't have jobs today John. You are NOT IN TOUCH.

    OBAMA/BIDEN 08

    October 3, 2008 09:49 am at 9:49 am |
  15. When will the lies stop?

    Senator Mccain and his lapdog Palin constantly claim that Obama will raise taxes which has been proven false by almost every independent tax group out there. The only people whos taxes will be raised are those who are making 250k or more a year, and even that is not that high. So seriously John just stop lying its getting sad a pathetic now.

    October 3, 2008 09:50 am at 9:50 am |
  16. Charlotte

    Obama and Biden are always looking back. I don't want a Monday morning quarterback as President. Hindsight is always 20/20...

    October 3, 2008 09:50 am at 9:50 am |
  17. Dan

    Doesn't John McCain get it?

    After the last 8 years, we're checking facts. We know Obama's tax plan gives us far more money than McCain's.

    This entire rescue plan could have been paid for by the money used in the Iraq war. How many thousands of jobs would be created by $10 billion a month?

    October 3, 2008 09:52 am at 9:52 am |
  18. Gregory in MN

    "Today's report of another 159,000 lost jobs confirms what America's working men and women have understood for months: our nation's economy is on the wrong track. "

    Oh really John? I thought the fundamentals of our economy were still strong?!? You will never be able to hide from that statement McCain. You showed in less than 5 seconds that you are not in touch with what is going on with the economy. Something you also admitted to.

    And you need counseling to deal with your obsession with earmarks. They are a drop in the bucket compared to the greed that de-regulation allowed. And as I recall, you are "fundamentally a de-regulator".

    Can't change your stripes now McCain. You are what you are. And your time is over.

    October 3, 2008 09:52 am at 9:52 am |
  19. Barney

    What does McCain know about us and regular jobs? He was born under Gov't healthcare and he's lived off of our gov't all his life.

    Send him back to AZ.

    Obama/Biden '08

    October 3, 2008 09:52 am at 9:52 am |
  20. Mccain is a liar

    Mccain is a fool! This will be the second time he looses his try at the presidency, poor Mccain with his 13+ cars and 7+ mansions!

    October 3, 2008 09:52 am at 9:52 am |
  21. LS

    I feel more comfortable with Obama in control of making the decisions of how to fix the economy, and everything else. Obama is a very intelligent and would make wise decisions.

    McCain, not so smart – nor does McCain have the 'common sense' to take control of this situtation or any situation in that matter. Just look at McCain up until this point . . . goodness, need more be said.

    October 3, 2008 09:52 am at 9:52 am |
  22. Matt

    It's almost Monty Python ridiculous that McCain thinks he can convince smart Americans that major tax cuts for large corporations will result in anything other than larger and more excessive executive compensation packages and golden parachutes. Ideological randian trickle-down Reaganomics does NOT work and NOBODY can cite evidence that it does from the past half century. That's why they don't. They simply blabber forcefully about a failed ideology.

    "A foolish consistency is the hobgoblin if little minds." -Ralph Waldo Emerson

    October 3, 2008 09:52 am at 9:52 am |
  23. T

    The first thing I want to say is that debates are exciting, informative and intentionally so. In my view, Mrs. Palin uses debates where they ought not to be used. For example, she sounds more like a preacher with language (new energy, revelation, maverick, change is coming and a whole lot more). This is not how she should campaign. We are not electing a Pastor for Vice President to tell us about the apocalypse.

    It didn't surprise me that the Governor's background is from a new age Church in which she belongs. I don't think this will go over well with middle America.

    Hopefully, McCain,72, will retire now.

    October 3, 2008 09:53 am at 9:53 am |
  24. ALASKA BOUND

    Today is November 5th: "Now boarding flight 962 to Anchorage. Paging customer Palin….Customer Palin? Ah, sorry only middle seats in economy left for your flight back to Alaska. Thanks for visiting. Buh-Bye"

    October 3, 2008 09:54 am at 9:54 am |
  25. The Nightingale Sings in Berkley Square

    Remember this?

    Was this the pinnacle of the debate was it "when Biden got emotional talking about his family."

    I thought Joe was just going to wipe the tears from his eyes. What an emotional moment for him, thinking about himself and only himself.

    I never saw Joe cry for the Americans who lost their jobs and couldn't support their family. I never saw him cry for the people who lost their homes on Main Street. He didn't cry for the familes that don't have the money to buy bread, milk and eggs.

    And he wasn't thinking of our soldiers who are dying in harm's way caused in part by his vote to go to War. No, I didn't see him sobbing over that. Let's not forget Joe is a product of Washington and the Ivy League schools of "Cry, Baby, Cry. "

    But only cry about your own problems when you go to sleep in your $4 million dollar home on your 4 acre lake front property. Now that is really sad. So go ahead Joe and have a good cry. You really deserve it.

    October 3, 2008 09:54 am at 9:54 am |
1 2 3 4 5 6 7 8 9 10