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. ajks

    I thought McCain said our economy is strong?

    October 3, 2008 10:31 am at 10:31 am |
  2. rusell

    What is wrong with some of you , if you cannot see that mcain is ill prepared to be president ,he has constantly throughout tis election has made very poor ,poor decisions , just lookj up the make up of the republican party , it does not reflect the true makeup of this country , I see no minorties , on mcains staff , or just look at the audience at hte debates , there are no minorities on the republican side , that tells me that they have one agenda , to benefit those who look much like themselves ,funny that the news doesn't report those kind of things , but I would want a party that reflects how our country truly looks ,and that poor decision making that mcain has done , picking palin , putting his campaign on hold , hard stance on off shore drilling , time after time ,poor decision making , and you guy want him to be president................that is scary

    October 3, 2008 10:32 am at 10:32 am |
  3. JBP

    America is bankrupt – Republicans have been in power 8 years. Any more questions?

    October 3, 2008 10:32 am at 10:32 am |
  4. John from Vancouver

    I'm from Canada so I feel I have an objective opinion on this whole thing...and frankly, I can't believe how blind some americans are...I don't understand comments like "Biden was talking too much "Senate" speak" or "Biden speaks like an elitest" or "I'd rather her folky talk about being a Joe Six Pack or about being a soccer mom"....c'mon now!! Get serious!! You don't want to elect an intelligent person to run your country? You'd rather have an uneducated soccer mom who says the same cliches over and over again? I for one am getting sick of hearing the following words:

    maverick, y'all, nucular (the word is nuclear), drill baby drill

    Palin didn't even answer all the questions posed to her. She didn't even understand what the meaning of "Achilles heel" was....and she didn't even know the name of the General running the show in Iraq.

    Wake up America!! If not for yourselves...for the rest of the world!!

    October 3, 2008 10:32 am at 10:32 am |
  5. Stan Parker

    No Obama, no way! No Obama Joe ticket.

    I want less government, not more government. Obama supported and benefited from Fannie Mae and Freddie Mac, government-backed mortgage giants. These giants put our government in a downward spiral giving mortgages to poor people just because they wanted them to have a piece of the American dream. This institution (and others like it) and the consumer are to be blamed. They were greedy and irresponsible. Folks need to get back to living within their means, or lower.

    Obama has plans that will increase spending, not decrease it. He's offering everything but the kitchen sink. Let's get back to being fiscally responsible, government and the people.

    October 3, 2008 10:32 am at 10:32 am |
  6. Republican Mom for Obama/Biden!

    If people believe that Sarah Palin won this debate, then it certainly reminds me of the old SAT joke, about getting points if you spell your name correctly!

    October 3, 2008 10:32 am at 10:32 am |
  7. H

    Job losses, eh?

    Gee, with the thought and very real fear of an avowed socialist in the White House, along with a solid Socialist majority in the Congress, and their wealth redistribution schemes waiting just four months away, do you think business owners are actually going to CREATE new jobs right now? Duh.

    No business is creating new jobs right now, out of the simple fear that when the socialists get in charge, they will punish the successful for being successful by levying the largest tax increases in the history of America.

    Why bother sticking your neck out when the Socialist TaxMan is just going to chop it off ? Duh. You hippies really need to take an econ course or two.

    October 3, 2008 10:32 am at 10:32 am |
  8. Dutch-VA

    McCain -aka- the flip flopper.

    In your own words Sen. McCain:
    "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."

    But just 3 weeks ago the fundamentals of the economy were strong as you so religously believed John. What's up with that? And your healthcare plan sucks!

    OBAMA/BIDEN 08

    OBAMA/BIDEN 08

    October 3, 2008 10:32 am at 10:32 am |
  9. Beverly, NYC

    RJ, CA October 3rd, 2008 9:44 am ET

    Don't let the fact that John McCain, Mr. Country First, missed more votes get in the way my friend.

    John McCain: 407 votes missed (63.8%), 231 votes cast
    Barack Obama: 290 votes missed (45.5%), 348 votes cast

    Thanks for playing. Get another talking point.

    October 3, 2008 10:32 am at 10:32 am |
  10. Sherry

    Just what we DON'T need in the White House is two glory hounds....one who uses his 'maverick' military background to get a shoe in....and one who claims to be a 'maverick' from Alaska, who flashes smiles and winks to people watching the debate. This makes me ill, to say the v ery least. Joe Biden, you were professional and on target with everything you said during the debate. You were cordial and very much a gentleman. As far as the issues brought up during the debate, Sarah Palin needs a manual to go by. Joe, you've been there long enough, you know it by heart. People, please wake up.....we DO NOT NEED MAVERICKS IN THE WHITE HOUSE!!!!!!!!!!!!!!

    October 3, 2008 10:32 am at 10:32 am |
  11. Debby

    Oh please Obama stop bringing up the last 8 years. We have 2 small buisness's that have done great in the Clinton and Bush years. This economic crisis happened because of to much lending for people who couldn't afford it and you can put some of that blame on your Dem. there Barney Frank. Approving loans like Palin said for people who just didn't have the money for that 300th. dollar house is what got us into this mess. As far as this 95% tax cut you can't have 5% of Am. paying for all this, you will have that Great Depression Palin talked about. I like McCAins idea not raising taxes at all so business's can thrive and keep employees. Obama may be a Dem. but he is not Pres. Clinton or Hillary when it comes to the economy.

    October 3, 2008 10:33 am at 10:33 am |
  12. Edwin Smith

    McCain and Palin are a joke... if i made over 250k i wouldn't even consider voting for them ... main street buys the things that wall street sells and you GOP folks cant seem to realize that ... main street fuels americas growth so by giving tax breaks to main street wall street will make more money than they would recieve in their tax cuts .. wake up GOP most of you are only voting for Mccain because you dont want to see a black guy in office and thats a shame ... your probably the ones who say out loud "oh i have black friends" but we know the truth .. this election is about more than race do you want to be broke for 4 more years or do you want our nation to prosper and be the beacon of freedom that our forefathers intended or do you wan to waste billions in iraq and continue to lose houses ... whatch your stocks fall and your income shrivel to under 250k then youll be wishing for those tax breaks wont you

    October 3, 2008 10:33 am at 10:33 am |
  13. Rob

    John McCaIn means more job lose .He'll give whats left of the country to the rest of the big corporations .Palin has over 1 million –so sh'e also not the average Joe she keeps talking about .What average Joe has that type of money ? Sarah is about a s cute a s a viper !

    October 3, 2008 10:33 am at 10:33 am |
  14. what the hell is going on.

    this is a sad day for the americia people ,we are losing jobs ,people are losing theif homes, and all for their life saving .
    and my thing is why not take that money and bill the real people out ,which is the people of AMERICIA . for what can understand most of this money is going over seas to bill them out of their crisis.
    another few years from now we will have to rename this country,because this is not the america i know and love.
    and for that bill they are going to past i would never have voted for this bill.,but who care i am only a tax payer ,who is on the edge of loosing my home, but that alright ,who cares if their no food on the table,who cares if childrens are going to bed hungry, who care that young people can not go to college,who in the would gave these people the power to mess the america people lives, it is wrong and someone needs to step in and fix it while there time.

    OBAMA PLEASE HELP US.

    October 3, 2008 10:34 am at 10:34 am |
  15. desertique

    Barney,
    Please don't send McCain back to Arizona. We don't want him. Maybe lets send him to Alaska with Palin.

    October 3, 2008 10:34 am at 10:34 am |
  16. Susan

    But Senator McCain, you just voted for a bailout plan that was LARDED with pork. Huh?

    October 3, 2008 10:34 am at 10:34 am |
  17. bobbi

    with times the way they are how can we even think of putting mccain and palin in an office that they have been supporting for eight years. time for CHANGE.

    October 3, 2008 10:34 am at 10:34 am |
  18. Greg Pottstown, Pa.

    Bidden made 10 key points last night. 9 of them were false.

    October 3, 2008 10:35 am at 10:35 am |
  19. 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 10:36 am at 10:36 am |
  20. Judith

    This country does not need another folksy mouthpiece. Sarah Palin did better than most expected ... she did succeed in tap dancing around several questions that were asked, because she couldn't answer them. As a speaker myself, it was cleared that she had the memorized bits drilled in.

    But here's my question... what in the hell is a mother dragging around a 5 month old infant around with huge crowds, noise and light at 11 pm at night? That baby needs care and sleep. My calculations say that baby is on Alaska time, not Missouri time. Most babies are sleeping all night–shame on her for ignoring her infant's needs. Especially special needs. This is a JUDGEMENT issue and tells me more about Ms. Palin's

    October 3, 2008 10:36 am at 10:36 am |
  21. Maddie, Hartford, Ct.

    It appears that both John McCain and his running mate are way too focused on war. With these two at the helm, this nation will be on a fast tract to becoming a war poor nation.

    October 3, 2008 10:36 am at 10:36 am |
  22. New Day

    Good debate for Joe last night. I thought his mini-rant on why McCain was no maverick was right on the money. I know it was rehashing some campaign talking points but, he encapsulated it nicely in front of nationwide audience and Palin had no response for it.

    October 3, 2008 10:36 am at 10:36 am |
  23. Bill Charlotte,NC

    "Our nation's economy is on the wrong track," McCain said.

    You got that correct John; and here is another fact, the Republicans got us here and the majority of us aren't dumb enough and/or gullible enough to think that replacing Republicans with another set of Republicans is going to change things.

    October 3, 2008 10:36 am at 10:36 am |
  24. Oppose Zig Zag Express

    "The falling repayments from mortgages are easy scapegoats for the credit crunch. Things are far more than that. The US misadventure in Iraq no doubt plays the major role in putting her in this economic predicament. Many countries of the world have either totally, partial or tactically turned their backs against the country. The deposit funds that usually flow into the country are no longer coming in as before. The financial institutions of the country do not have sufficient cash inflow to maintain their normal liquidity. Mortgage repayments alone have never kept the lenders sufficiently liquid. Which individual or country wants her fund to be confiscated, frozen or put in jeopardy?
    The Democrats Government is usually the saviour of the US economy. Such salvation will be elusive and the poor economic situation of the country could be worse if the Republicans retain the presidency. From the manner the rest of the world acknowledge and await the Democrats Presidential candidate, in the otherwise eventuality of a Republican President, they will no doubt continue to shy away from the US and her economy. "

    This quote sums up the problem and profers immediate solutions come Nov. 4th. Americans do not waste your votes.

    October 3, 2008 10:37 am at 10:37 am |
  25. Roland

    All of the newly unemployed should move to Alaska so Governor Palin can give them cash each year from the oil company windfall tax.

    October 3, 2008 10:37 am at 10:37 am |
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