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. Jessica, DE

    Sarah Palin is interviewing for one of the most important jobs in the country. Not making a fool of herself and just "getting by" – even though she constantly skirted around questions and went off on tangents completely unrelated to the questions posed – isn't good enough for me, and it shouldn't be enough for America.

    Biden was brilliant last night. I voted for him as Senator in Delaware, and I couldn't be more proud to vote for Obama/Biden on November 4.

    October 3, 2008 10:37 am at 10:37 am |
  2. afra

    Sarah is not ready yet. said so herself – have been on the campaign trail only few weeks ..... She will need more grooming than three days of debate camp to be ready for the job of a VP, which means McCain has no running mate and therefore cannot be POTUS. Obama/Biden 08.

    October 3, 2008 10:38 am at 10:38 am |
  3. Lily

    How can anyone support MCSame and Palin? The debate wasn't a suprise to me, you could tell how scripted she was. It will be interesting to see if she starts giving more interviews now. She's great at giving someone elses words, but a laughing stock when she doesn't have time to prepare.

    A woman at my gym before th debate was talking about how much she loves Palin and hearing her speak, I couldn't help but laugh. I said when have you heard her speak? She said at the convention.. that is it..oh and she has been watching McSame's commercials. That is what she is basing her vote on. Pretty scarey. I hope we have more intelligent people voting than moron's.

    Was an independent now......Obama/Biden

    October 3, 2008 10:38 am at 10:38 am |
  4. Obamites

    Okay Obamites, We've established one thing on this site. The folks who respond most to this site are the most vile, foul mouthed, mean people on the face of this earth. If that is what Obama breeds, I don't want any of it.

    October 3, 2008 10:38 am at 10:38 am |
  5. C W

    More evidence of failed Republican economic policies.

    FDR lead us out of the Great Depression and ushered in an unprecedented 40-year economic expansion. A Democrat!

    Reagan left us with a huge national debt by employing "voodoo economics". The S&L debacle happened on his watch. A Republican!

    Clinton left us with a budget surplus. A Democrat!

    Bush II squandered the surplus, is leaving us with a huge debt and an economy in tatters. The sub-prime mess happened on his watch. A Republican!

    Anyone see a trend here?

    Obama/Biden 08

    October 3, 2008 10:38 am at 10:38 am |
  6. Dutch-VA

    Uh Oh!!!! Tucker Bounds is trying to spin the healthcare topic. Frankly at this point Tucker old sport, McCain is the Titanic and Sen. Obama is the iceberg. Go ahead and ruin the rest of your career trying to prove McSame's wreckless ideas. You can serve him J-E-L-L-O when he gets admitted into an asylum.

    OBAMA/BIDEN 08

    October 3, 2008 10:39 am at 10:39 am |
  7. Spacinator

    Tom -

    Todd Palin has to stay home and take care of the kids.

    October 3, 2008 10:39 am at 10:39 am |
  8. Becky in Ohio

    McCain could care less about American jobs going overseas. Sure, give businesses more breaks that should trickle down to the workers, however, that is not what has happened in this country. Big business moves the jobs overseas and keeps the tax breaks. Outrcountry is bleeding and the Republicans do not have a clue how to stop it.
    Regardless of the politics we have to remember one thing – eight years of a Republican administration has ruined our country.
    We believe that Joe did the best job last night and are very concerned about Palin wanting more Vice Presidential weight via a constitutional amendment.
    God bless America, we need it considering how many Republicans truly believe their candidates have any answers. Take off your blindfolds and realize that your job could be next.

    October 3, 2008 10:39 am at 10:39 am |
  9. Cincinnatian

    Debate was boring. Palin seemed more like a poodle than a pitbull. No gaffes. No drama. Looked like the way politicians should behave, however lacking in entertainment value.

    October 3, 2008 10:40 am at 10:40 am |
  10. banderson

    This comment is for all Obama-Biden supporters don't give up on the push to win this election.

    October 3, 2008 10:40 am at 10:40 am |
  11. Republicans Hate America

    I know Joe Six Pack and trust me I do not want him anywhere near the whitehouse

    October 3, 2008 10:40 am at 10:40 am |
  12. McCain for Pres.

    Sarah Palin actually has a record of improving the economy in her state. All of Obama followers only have promises of a man that has changed his opinion so many times its hard to know what he really believes. And as far as fact checks, they are definitely in Obamas favor, not because he's right, but because they always twist the truth to make him look right. He definitely said he would meet with Irans leader without preconditions and fact check is saying he didn't, that's and out right lie on the part of fact check.

    October 3, 2008 10:40 am at 10:40 am |
  13. HM

    Fools claim that so-called "trickle-down" economics (see "supply-side economics") doesn't work.

    Really? Because I've never once been hired for a job by a poor man. How about you?

    So-called DOES work, because the wealthy didn't get wealthy by sticking their money in their mattress. They got wealthy because they invest. Investment creates new business, funds new products, funds expansions, funds mergers, funds investments in new business technology, creates new markets for existing products and funds R&D. And all of these require people and supporting/supplying businesses. And these business then hire the proper mix of human resources they need.

    In other words, "trickle down" taxation policies CREATE jobs. Duh. Demand mandatory K-12 Economics education across America, so Conservatives don't have to continually year-after-year teach little liberals principles that the business world has known for centuries.

    October 3, 2008 10:41 am at 10:41 am |
  14. ber6964

    McCain is a CROOK (Keating 5) and Palin is a lightweight which was on full display last night. How on earth anyone can vote for these two is beyond me!!

    October 3, 2008 10:41 am at 10:41 am |
  15. Auntie

    Have McCain and Palin both said that the fundamental of the American economy is the American worker? That is inconsistent with the fact that so many Americans are unemployed.

    October 3, 2008 10:41 am at 10:41 am |
  16. MLG

    It's funny how McCain argues that the american worker is still strong and then fights for tax breaks for corporations to move jobs to other countries. He is not like Bush, he is much, much worse.

    I really hope Obama wins this election so that we can have a president with a brain.

    October 3, 2008 10:41 am at 10:41 am |
  17. A CANUCK

    Kudos Biden ...great job last night ......which is more than I can say for the motor mouth!!.......before the debate even started Palen started baiting Biden. She asked him if she could call him Joe........he consented but was TOO smart to call her Sarah!........if he had the Repubs would be SCREAMING sexism today !!!!! .....and then she didn't refer to him as Joe EVEN ONCE !!!! Palin is the "empty suit" !!!

    October 3, 2008 10:42 am at 10:42 am |
  18. Dirk Nowitzki is a Maverick, McPhailin is NOT

    I thought the fundamentals were strong.
    Man o man, how many more "fundamentals" have to be out of a job before McSenile gets it?
    You can't put folksy on those numbers, Palin.

    October 3, 2008 10:42 am at 10:42 am |
  19. Kentucky

    Evidently I didn't watch the same debate as some of these people because from what I saw, Biden took her to school and carried her books. I was an independent voter yesterday afternoon, but today, my choice has never been so clear. Obama will be getting my vote because I'm looking for a leader, a role model, an experienced and knowledgable candidate. Palin isn't anywhere close to fitting any of those I just mentioned. If I were voting for PTA Mom of the Year, Palin might get my vote, but we're talking about a person one breath away from the Presidency and honestly, with Palin, that terrifies me.

    October 3, 2008 10:43 am at 10:43 am |
  20. barry

    where is obama....where is his leadership...yes..the guy can give a good speech....read a teleprompter ...so why not answer the tough questions from journalist regarding the economy and the bail out....Obama is silent let hope America gets it....and votes McCain Palin

    October 3, 2008 10:43 am at 10:43 am |
  21. April Johnson

    Biden bite right into Sarah Palin! Is this the best, the Republicans can do? They go and get a Hock-eeeey Mom! I'm a Football Mom, I'll run against her anyday. Give me a break people! I live in Michigan, The Maverick has left the State! John McCain said "Autobots let's rollout of Michigan Now!" and Palin said," We Rollin".

    October 3, 2008 10:43 am at 10:43 am |
  22. jobless in san diego

    This is great. I spent the last five years serving our country to be un-prepared for the real world and spent yesterday signing up for unemployment with a whole bunch of other saliors/marines who were so tired of missing their kids being born. We have spent so much time stretchiing our military so thin and now we have nothing to come home to. But I guess I don't have to worry too long, because if McCain wins I'll be reactivated to fight one of his many wars.

    OBAMA 08!!!

    October 3, 2008 10:43 am at 10:43 am |
  23. Cuban-mami-4-OBAMA

    GOSH DARN IT! AMERICANS LOST ANOTHER 159,000 JOBS!

    How sad for all those losing their jobs, my heart goes out to them and their families! God willing the recession will not become a DEPRESSION!

    Gov. Palin kept telling Sen. Biden, don't look at the past! WHAT?! IF we DO NOT LEARN from past mistakes how can we???

    What the Republicans DO NOT want us to SEE if THEIR FAILURES!

    Instead of job creation Bush/Cheney/McCain/Republicans started a war with Iraq!

    Instead of keeping an eye out for what the lending institutions and banks were doing, they allow Wall Street to make as much money as possible without REGULATIONS.......and GAVE THEM ALL TAX BREAKS!

    INSTEAD OF BEING FISCALLY RESPONSIBLE, during 1994-2007, the Republican Controlled Congress DE-regulated as much as they could!

    Can you imagine what we could do with the ........$10.......BILLION.......being spent in Iraq each month?

    October 3, 2008 10:45 am at 10:45 am |
  24. Mike in Columbus

    Why does palin insist on dragging all of her very young children around the country with her? Including the newborn baby? Shouldn't it be sleeping at 11pm? Why aren't her children in school? Why is the pregnant 17 year old conspicuously absent?

    I'll tell you why, its the same reason, only reason she was picked... Image.

    Palin didn't make a fool of herself last night, so the right thinks that is a roaring success. Nevermind the fact that all of her answers where lacking in substance and showed no understanding of even McCains own positions or record.

    October 3, 2008 10:46 am at 10:46 am |
  25. JB Seattle

    Why is it that McCain is the only one talking about what needs to be done to address the problem and the only thing coming out of the Obama-Biden mouth is that it's all Bush's and McCain's faults?

    For someone so "progressive" and offering so much "change", Obama sure seems to be stuck and dwelling on the past... but when you don't have any experience of your own, I guess the past is all you've got to build on.

    October 3, 2008 10:46 am at 10:46 am |
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