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. precious

    Here we are in the last inning of the ball game, the score is tied, and every player has been used, except for one whom no one has any confidence in, and this player steps up to the plate, and everyone hung their heads, no one wants to watch. The pitcher comes up throws the first pitch, the player swings and misses, and then everyone says "oh we are doom", the pitcher throws the second pitch, and the player misses again, and everyone says "time to go home", and then the pitcher throws the third pitch, and the player hits a home run, and now everyone is in disbelief, some are "cheering", some are saying "lucky", some are saying "the player beat expectations", some are saying "this only happens once", but no one is actually saying that the "player won" the game.

    So America who really are the true winner? The one who can step up to the plate when everyone says they can't, or the one who can talk a good game. The true reality, is that in life, there will always be the "can do" and the "will do", but it will always be the "can do" who will survive.

    God Bless us ALL!

    October 3, 2008 10:05 am at 10:05 am |
  2. Texas Voter

    Biden repeatedly lied last night, that man is a politiician to the core.

    Don't be fooled people, Biden had repeatedly bashed Obama for his lack of experience. That was, until Biden was put on the ticket.

    Obama will raise taxes on all of us, he will raise capital gains, he will raise taxes on employers. That's just the beginning. Employers will be forced to cut jobs to come up with the extra money.

    You think the economy is bad now? Wait for the Obama, Nancy Pelosi, Harry Reid era. Save your money, because you're about to see serious job losses.

    October 3, 2008 10:05 am at 10:05 am |
  3. PK

    Obama has a plan, McCain does not. That's the difference between the both.

    October 3, 2008 10:05 am at 10:05 am |
  4. John in Ohio

    Palin fans frighten and amaze me. I try to see things from different points of view, and there's more then a few conservatives that I have a good rapport with because we understand each other's perspectives, but the die hard Palin/McCain fans have got a level of stupidity and blindness to which I simply can't lower my mental functioning.

    It's like a team of full grown adults laughing and cheering and yelling that 1+1=3. They'll hold up a sign that says "1+1=3!" and yell it in your face and say "What do you think of THAT then?", and you're off balance and surprised and you say "Well, it's clearly not, here's 1 apple, and 1 more apple, and you put them together, and you have 2 apples." but they just shout you down more. You can't really address that, you have no commonality between being thinking and rational, and somebody who looks at two apples and says they see three.

    October 3, 2008 10:05 am at 10:05 am |
  5. bigmike31313

    McCain has changed positions on significant issues. For example, he once opposed Bush's tax cuts but now supports making them permanent. He had opposed lifting the ban on additional offshore oil exploration but now calls for drilling off the U.S. coast. He had been against mandatory caps on greenhouse gas emissions but now favors them.

    October 3, 2008 10:06 am at 10:06 am |
  6. Scott L

    Go to youtube and search for 'democrats covering'

    In their OWN WORDS, no spin straight from CSPAN. In 2004 Republican after Republican sounding the warning bell of Fannie Mae and Freddie Mac corruption and fraud. Democrat after democrate DEFENDING and saying that the investigation was a waste of time and Meeks from NY saying he is upset because nobody needed to do anything.

    Liberal media needs to stop defending this because facts are facts. Democrats defended Fannie Mae and Freddie Mac and now we are in a mess.

    The bill vote McCain wanted in 2006 never happened because Democrats killed it off in the House.

    Liberals and Democrats need to stop professing this is Republican fault because it just isn't true whatsoever.

    Democrats really really really need to take a look at the facts and decide for yourselves. If you still defend Obama, that is your choice, but this economic disaster is 100% Democrats defending corrupt practices.

    October 3, 2008 10:07 am at 10:07 am |
  7. Tony

    Go Barack!

    If people think things are bad now, elect McCain and Palin, and just wait. Things look good now compared to what a McCain administartion would do to this country.

    Stop drinking the Kool-Aid people!

    CHANGE BEGINS WITH THE VOTERS!

    VOTE OBAMA / BIDEN!

    October 3, 2008 10:07 am at 10:07 am |
  8. Chas in Iowa

    Go ahead and put McSame in office and we'll all be working in fast food resturaunts and discount retail stores. He'll keep shipping jobs overseas in the name of free trade until there are no manufacturing jobs!

    Obama '08

    October 3, 2008 10:07 am at 10:07 am |
  9. alpha

    Under Mcain, americans should start emigrating overseas to secure jobs.
    What a shame!
    We cant wait to suffer for another 4 yrs.
    Noway.
    Obama/Biden 08.

    October 3, 2008 10:07 am at 10:07 am |
  10. victim

    "Our nation's economy is on the wrong track," ....uhh Mr. McCain, Obama has been telling you that for some time now, i am happy you are finally catching up with reality. may be if you were to step out of your ivory towers some time you would have known that the fundamentals of the economy were NOT strong. i dont want a Johnny come lately as my President

    October 3, 2008 10:07 am at 10:07 am |
  11. drone

    Under McCain would like be governed by Bush again, as a matter of fact being ruled by them is like having a one night stand.....

    It seemed like a good idea at the time, but in the morning all your left with is a hangover and the Crabs!!

    October 3, 2008 10:07 am at 10:07 am |
  12. Trent

    SHE DOESNT KNOW THE ISSUES in the world. That is the problem. McCain is old. She is next in line. She is going to have the Nuke codes. Give me a break. This is silly. When prepped for 6 days, she does just fine. When asked what newspaper she reads...she stutters, why couldnt she answer? Just say the Wall street journal, the times, cnn.com....anything lie to me. She cant think on her own. She needs prepping and handling, when you go off script on her, she struggles. She makes me and a lot of other people nervous. Her job is to be ready in case something happens to the pres. Who looks more ready?? NOT PALIN. For all of Obama's "lack of experience" at least he knows the issues of the day and can speak to them off the cuff. He went on O'Reilly's show for god sakes and handled himself just fine. And he has a vision for America, she says on the other hand "well Ive only been at this for 5 months" SHE SHOULDNT BE VicePRESIDENT. Then later she says well McCain seeks my opinion...on what exactly? It is a JOKE! At some point there needs to be substance and vision. Not just six days of prep. That goes with McCain too. 5000 tax credit? That is terrible. You know how much it would cost me to pay for my own insurance 700 a month. Plus then I would be taxed again on my benefits and my tax bracket would climb. This is such a joke, I wish others would see this.

    October 3, 2008 10:08 am at 10:08 am |
  13. Michael, Farmington, NH

    Obama has a comprehensive plan that spans between issues... from infrastructure and energy to job creation and taxes. McCain is all sizzle and no steak... all platitudes and no plan.

    October 3, 2008 10:09 am at 10:09 am |
  14. Marie Ontario

    I am waiting for the McCain campaign to come out and call Biden sexist for showing just how empty and shallow palin actually is by simply ignoring her and stating the facts.

    Palin on the other hand didn't answer any question but did throw in a couple of you betchas. Palin's response on she didn't have any expenditures to cancel or cut back on because she has only been doing this for 5 weeks was a moment of truth quite uncommon in the GOP campaign.

    October 3, 2008 10:09 am at 10:09 am |
  15. California Gold

    With all due respect Senator McCain, you keep telling us the incredibly obvious. We know our friends, relatives, and neighbors are losing their jobs and becoming homeless. You can't win this 2008 election with telling us what we already know. It's getting late in the game Senator McCain... when do you start talking nuts and bolts here. All show and no go isn't winning votes.

    Thankfully Senator Obama and Senator Biden are there for the American people. We can listen to them talk about solutions to the problems.

    October 3, 2008 10:10 am at 10:10 am |
  16. Eleanor

    Everyone needs to keep their eye on the big picture here!!!!!
    palin did better than expected but was too scripted and rehearsed
    Biden sounded much more ready to be VP

    The BIG picture is McCain and Palin are more WAR, WAR WAR
    if thats what you want for your country when it costs 5 to 10 billion a month well go for it.In my opinion what is going on over there is the tax payers are basically paying tax dollars to bribe two factions NOT to kill each other.At some point in time the suni and shias have to realize they are all muslims and need to respect that fact
    Obama and Biden will end the illegal war in Iraq sensibly
    So in reality its up to you where your country goes
    that money could do a lot for your economy America
    Its not a popularity contest!!!!!
    its for the president and vice president
    when you take the stars out of your eyes its easy to figure out who is more ready!!
    Obama and Biden

    October 3, 2008 10:10 am at 10:10 am |
  17. bigmike31313

    Gen. David McKiernan, the top U.S. commander in Afghanistan, was quoted on Oct. 2 in The Washington Post as saying that "no Iraq-style 'surge' of forces will end the conflict" in Afghanistan, even though more U.S. troops are needed to take on a growing insurgency.

    you were not breifed well GOV. Palin

    October 3, 2008 10:10 am at 10:10 am |
  18. Wayne

    What else would republicans say to this debate.

    Biden won big time. Palin just stuck to her prepared notes from John McCain, I doubt she understood was she was saying.

    Nothing new from her and republican politiks as usual.

    Its time for real changes, vote Obama / Biden 08

    October 3, 2008 10:11 am at 10:11 am |
  19. Bill

    This is the first of many ripples that will be felt by the American public in relation to the economy. The McCain campaign still has no answer to the economic woes.

    Obama wants to stimulate the economy by (1) developing renewable sources of eco-friendly energy to create energy independance; and (2) use resources to rebuild the American infrastructure.

    Just as FDR was the right man in 1932 to clean up the Republican economic mess of Coolidge and Hoover, so is Barack Obama the right man to clean up the Republican economic mess of Bush and Cheney.

    October 3, 2008 10:11 am at 10:11 am |
  20. George James

    Palin supporters get thrilled when she talks.They are least botherd whether she talks sense or nonsense!

    October 3, 2008 10:11 am at 10:11 am |
  21. PoliticoPundit

    I would definitely agree with one fact Check done by CNN..

    Fact Check: Does Obama almost always vote with his party?

    Please read.

    October 3, 2008 10:12 am at 10:12 am |
  22. A.D. Vasquez

    Then:
    "The economy is fundamentally strong."
    (He says he meant the workers.)

    Now:
    "Our nation's economy is on the wrong track."
    (After the NINTH straight month of rising worker unemployed numbers and the highest in five years.)

    Out of touch a bit?...

    October 3, 2008 10:13 am at 10:13 am |
  23. Steven

    Here's what hit home:

    Biden – doesn't think Obama is ready to be commander in chief. He said so so why not believe him.

    Biden – I haven't changed in 30 years. He said so so why not believe him.

    Please vote for change and principle....... NOT for a "career" politition (and old one and a new one).

    Palin/McCain!

    October 3, 2008 10:13 am at 10:13 am |
  24. keesa

    debated/ scripted palin

    katie couric/ the real palin

    what mccain an the dumbpublicans dont know people got to see
    got to see who the real falin/palin is thinks to catie couric an charlie gibson. yall cant fool no one but that conservitive base.....

    October 3, 2008 10:13 am at 10:13 am |
  25. Tom in Delaware

    There's a couple more jobs I'd like to see go away...

    1. Barack Obama

    2. Nancy Pelosi

    3. Harry Reid

    4. Chris Dodd

    5. Barney Frank

    6. Chuck Schumer

    7. All the other ACORN 'Community Organizers' trained by BO.

    That would do for now.

    McCain/Pakin '08

    October 3, 2008 10:13 am at 10:13 am |
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