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. Bruce

    McCain must admit he has FAILED. He has no ideas of his own. He Failed when he ran off to Washington DC to try to get the bail out plann approved. Obama was ther at the table making constructive input while McCain sat like a spoiled BRAT. McCain coul dnot get more than 33% of his own party to support him. Obama got 60% of his party to vote for a bill thta was a REPUBVLICAN ISSUE to help the COUNTRY so thye put country first where were the REPUBLICANS? YOU FAILED THE NATION!!!

    October 3, 2008 10:14 am at 10:14 am |
  2. bigmike31313

    EAST LANSING, Mich. – Republican presidential candidate John McCain conceded battleground Michigan to the Democrats on Thursday, GOP officials said, a major retreat as he struggles to regain his footing in a campaign increasingly dominated by economic issues.

    October 3, 2008 10:14 am at 10:14 am |
  3. McCain for Pres.

    Why doesn't anybody remember that when Bush came into office in 2000, we were going into a recession and he pulled us out. We were doing good for 6 yrs. until the democrats took control of congress. They have done nothing and the economy has gone down, exactly what will they do differently, raise taxeson businesses, that is not the answer.

    October 3, 2008 10:14 am at 10:14 am |
  4. voter

    I wish Biden would be president, and Palin would be his vp. THey both have great personalities, and are smart, and this would be bioartisan, new change in politics....
    I like them both. Admire Palin for while having 5 kids she can handle so much. She has great personality. Biden has great personality.

    Everybody in world misspeaks, makes mistakes. No one is perfect.
    It is only how often, how much, is the misspeaking. And if it really hurts anything or anyone...

    October 3, 2008 10:14 am at 10:14 am |
  5. bigmike31313

    The decision marked the first time either McCain or his Democratic rival, Barack Obama, has tacitly conceded a traditional battleground state in a race for the White House with little more than a month remaining.

    October 3, 2008 10:14 am at 10:14 am |
  6. Shakoya Williams

    Palin needs to just know that she isnt completely ready to be in ploitics. she never answers questions that are asked to her, all she do is re-phrase the question. then she "say" that she has confabulated with a foreign official so personally i think that McCain should have chose another running mate, one who knows how to let the world know that she is ready for the job. so i think Biden won the debate.

    October 3, 2008 10:15 am at 10:15 am |
  7. Carl from MI

    Another FINE moment brought to you by the BUSH ADMINISTRATION!!

    And yet, you Republicans want to have 4 more years of the last 8 years!! Your party has cried 'WOLF' too many times now... remember Dubya claimed he was going to be the great 'UNITER' and reach across the isle and end partisanship, the same thing McCain is claiming now?? After 8 years in office, he has been the most ruinous and divisive President EVER!!! AND SO WILL McCAIN, WHO WILL CONTINUE HIS POLICIES!!! What a joke to buy into McCain!!

    WAKE UP, AMERICA!!! VOTE SMART... NOT SENILE!!!!

    October 3, 2008 10:15 am at 10:15 am |
  8. OMG

    Yesterday in debate, whatever the question is Palin was talking about energy policy, i got so sick of it, moderator did a terrible job, may be she thought if she ask Palin to answer the question other than energy policy repubs go cry shez supporting Obama. Unfair debate but still Biden won the debate.

    October 3, 2008 10:15 am at 10:15 am |
  9. GARY

    JUST REMEBER THERE IS ONLY TWO THINGS QUARENTEED IN LIFE AND THAT IS PAYING TAXES AND DYING. FOR YOU OBAMA SUPPORTERS FULL OF HATE ,YOU BETTER LOOK TOWARD REALITY AND VOTE FOR THE SAFETY OF OUR COUNTRY FIRST. MCCAIN AND PALIN COUNTRY FIRST. MCCAIN FOR FOREIGN POLICIES ,PALIN FOR ECONOMY.

    October 3, 2008 10:16 am at 10:16 am |
  10. AVEE capitalcityVA

    Thanks Bush/Cheney/McCain. I suppose you still think the fundamentals of the economy are strong McCain. How can you talk about controlling wasteful spending when you signed a bill that added $150 billion of pork for a supposed bailout bill to help Americans. Yes Obama signed it too (disapointed by that) but he's not the one campaigning on stopping pork barrel spending.

    So when you "make them famous" make sure to include you own name McCain. Maverick, only in your inconsistent behavior.

    October 3, 2008 10:16 am at 10:16 am |
  11. josh

    Palin won lastnight, all the polls said so,including the CNN poll,in the CBS poll,the unemployment rate didnot change at all,that means the economy is great,that is good news for the Mccain camp.

    October 3, 2008 10:16 am at 10:16 am |
  12. MikeH

    John McCain will institute policies that will lead to new jobs.

    Such as federal unemployment workers, helping the unemployed fill out forms.

    Retraining advisors, showing former workers in manufacturing how to flip burgers and deep-fat fry potatoes.

    Faith-based social workers, praying over destitute families who have lost everything.

    Cadaver sanitation workers, picking up all the dead bodies of American citizens who died in tent cities, alley ways and vacant lots.

    October 3, 2008 10:16 am at 10:16 am |
  13. Sweetie

    I Agree we can not afford to put two of the most Liberal Candidates to run for office in the White House!

    We can not afford a Tax and spend BIG Government!

    As Sarah said last night, which was a real goose bump moment for me.....

    "Never Again!"

    We have a strong voice in Sarah and she will bring us to Prosperity again, while keeping us Safe!

    McCain/Palin-08-In a Landslide!

    October 3, 2008 10:16 am at 10:16 am |
  14. Why is McCain so Angry?

    Prepare for Obama to HAMMER MCCAIN on unemployment. Joe Biden set it up last night saying that he didn't HEAR how McCAin is different from George Bush.

    Now, on job losses in this country, How is MCCAIN going to be different than BUSH. He has NO SPECIFIC plan on job creation.

    Unemployment is the highest it's been in YEARS. Johnnie boy is going to have trouble getting that down.

    October 3, 2008 10:17 am at 10:17 am |
  15. That Other Jerry

    No secret I like McCain, but there's nothing in either of these guys' campaign rhetoric that's going to make a hill of beans' difference in the economy. It's going to take a lot more than campaign talk and generalities to turn this economy around. And blaming Bush might stir up the base, but it doesn't actually contribute anything constructive to the debate. Anybody else notice that the economy only started to tank after Greenspan left and Bernanke took over the Fed? Maybe Bush isn't the problem here...

    October 3, 2008 10:17 am at 10:17 am |
  16. twicebitten

    I will say this again: if you elect McCain/Palin – you deserve your just deserts.

    Also, the fact that people are responding to her folksy attitude just reminds some of us why we did not do well in school, and it is no reason to elect/select her for higher office. You saw what happened when a C student won the presidency...:)

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

    In this debate McCain shows that he isn't ready for the Presidency because he is still staying the same method that Bush has when it comes to job losses. Obama was saying that he disagrees with his statement and that we should work towards us trying to get new jobs and keeping them.

    October 3, 2008 10:17 am at 10:17 am |
  18. Stacy from Loudoun County, VA

    It is sad to see so many jobs continue to be lost. Continued policies of jobs being sent overseas, deregulation of Wall Street allowing greedy CEOs to sap America's coffers in this bailout, and a mounting pile of debt accumulated by this administration are open wounds in the chest of America.

    October 3, 2008 10:17 am at 10:17 am |
  19. Carl from MI

    McCain will increase jobs by giving more tax breaks to the wealthy and to Corporate America. It hasn't worked over the last 8 years... but this time it will be different because it will be McCain giving the tax breaks instead of Dubya!! That's Republican LOGIC for you!!

    WAKE UP, AMERICA!!! VOTE SMART… NOT SENILE!!!!

    October 3, 2008 10:18 am at 10:18 am |
  20. DemocratAllTheWay

    Say No to Bush, Say No to Cheny, Say No to Mccain, Say No to Palin America deserve better. I say yes to the one in the life time leaders Obama and Biden.

    October 3, 2008 10:18 am at 10:18 am |
  21. JO

    in my opinion i strongly agree with what obama has to say. mccain is a cold hearted candidate and i feel obama is the best. when i hear of what mccain has to say it makes me very angry. i agree we shouldnt have to deal with ungratefulness another four years.

    October 3, 2008 10:18 am at 10:18 am |
  22. BOBBY K. FROM BIRMINGHAM, AL.

    Scary!!!! Even more scary that people still want to vote for McSame and Pa-lessin on 11/4/08

    Oh by the way CNN, I HAD A GOOD ANALYSE ON YOUR OTHER TOPIC ABOUT OBAMAS NEW AD> HOW CAN YA"LL CLOSE ALL COMMENTS IF THEIR IS ONLY 22 COMMENTS????

    YOU CAN NOT CENSOR PEOPLES VIEWS TOWARDS PALIN!!!!!!

    OBAMA/BIDEN 2008

    October 3, 2008 10:19 am at 10:19 am |
  23. Cam

    I hope the media continues to call out McCain and Palin on their outright lie that Obama will be raising taxes. I think he has been pretty clear that other than the rich, there will be no tax increases.

    Siiliarily, McCains overall spending will actually be higher than Obama so who is he to talk.

    October 3, 2008 10:19 am at 10:19 am |
  24. Mary from Sarasota FL

    These two statements make very clear the difference between the two policies. Hopefully, whomever is elected will be able to pursue a plan for America that will actually WoRK... Mary from Sarasota, FL

    October 3, 2008 10:19 am at 10:19 am |
  25. Obama is a TRUE CHANGE

    Joe Biden was right when he said that neither McCain or Palin has offered anything different or new from Bush's administration.

    McCain is for a false change. Remember what he said in Saddleback about education? He said that the system works fine the way it is and that there's no need to change it. NO CHANGE.
    He has not offered a strategy for Iraq, NOTHING.
    He has not offered a strategy for the economy that's different than Bush. NO CHANGE.
    His healthcare plan will screw everyone, EVERYONE because $5k does not cover ANYONE'S healthcare. And you'll BE TAXED ON IT TOO.
    McCain's policies are JUST LIKE BUSH'S. This country is already headed for disaster with Bush in charge. Why would you continue this for 4 more years, just because McCain utters the word CHANGE?

    Then again, I forget. I am talking to folks who voted Bush in for a second term, because he seemed to be "JUST LIKE US". You're falling for it again, folks.

    October 3, 2008 10:19 am at 10:19 am |
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