November 20, 2009
Posted: November 20th, 2009 09:09 AM ET
From CNN Polling Unit Washington (CNN) - Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll. A CNN/Opinion Research Corporation survey released Friday morning indicates that 38 percent of the public blames Republicans for the country's current economic problems. That's down 15 points from May, when 53 percent blamed the GOP. According to the poll 27 percent now blame the Democrats for the recession, up 6 points from May. Twenty-seven percent now say both parties are responsible for the economic mess. "The bad news for the Democrats is that the number of Americans who hold the GOP exclusively responsible for the recession has been steadily falling by about two to three points per month," says CNN Polling Director Keating Holland. "At that rate, only a handful of voters will blame the economy on the Republicans by the time next year's midterm elections roll around." Thirty-six percent of people questioned say that President Barack Obama's policies have improved economic conditions, with 28 percent feeling that the president's programs have made things worse, and 35 percent saying what he's done has had no effect on the economy. Filed under: CNN Polls Economy GOP Recession November 17, 2009
Posted: November 17th, 2009 04:00 PM ET
From CNN Congressional Producer Deirdre Walsh Washington (CNN) – A top House Democrat told reporters Tuesday that congressional Democrats are moving ahead with plans to vote before the Christmas holidays on legislation intended to create more jobs. "Clearly 10.2 percent unemployment is unacceptable and is causing great pain to literally millions of people around the country." House Majority Leader Steny Hoyer said. Hoyer said Democratic leaders are still deciding what components to include in the new jobs bill, but pledged they were on track to pass legislation before Congress breaks for the year. Several measures are under discussion, including additional unemployment assistance, extension of temporary health care coverage for those out of work, assistance for cash-strapped states, and tax credits for employers who hire new workers. Hoyer also indicated another federal infusion of money to build roads and bridges - a major component of the stimulus bill enacted in February - is likely to be a major focus. Filed under: Economy Steny Hoyer November 8, 2009
Posted: November 8th, 2009 01:28 PM ET
From CNN Associate Producer Martina Stewart Washington (CNN) - Fresh off his win last week in Virginia's gubernatorial race, Republican Robert McDonnell wasted no time Sunday taking issue with health care reform, the Democrats' biggest domestic policy item of 2009. Asked about the public health insurance option contained in the House health care reform bill passed late Saturday night, and about the different variations of the public option that could still be included in the final version of the Senate bill, Virginia's governor-elect said he was not keen on having his state involved in government-provided health insurance. "[T]he public option does not seem to be something that is going to help us in Virginia," McDonnell said Sunday on CNN's State of the Union. "However they structure it," McDonell also told CNN Chief National Correspondent John King, "if it gives flexibility to states, I think that's a good thing." He added that he was "very concerned about turning this signifcant section of the American economy over to the federal government." McDonnell also stood by his campaign promise not to raise taxes in his state. "I think that's the worst thing you do in a recession is to raise taxes on - on the citizens. We're going to have hundreds of billions of dollars in new taxes at the federal level with this health care bill. When the tax cuts [passed under former Pres. George W. Bush] expire in 2011, it's going to be a crushing increase in new taxes." "People want a better bang for their buck out of their government," McDonnell also told King, "and [they] don't want to have a tax increase every time we have an economic downturn." Updated: 1:28 p.m. Filed under: Bob McDonnell Economy Health care State of the Union Virginia Posted: November 8th, 2009 11:59 AM ET
Posted: November 8th, 2009 11:59 AM ET
November 7, 2009
Posted: November 7th, 2009 09:04 AM ET
Washington (CNN) - Mississippi Gov. Haley Barbour used the GOP's weekly address Saturday to argue that Tuesday's GOP victories in New Jersey and Virginia show that voters are more concerned about the economy and the jobs outlook than about health care reform. Read Barbour's full address after the jump. Filed under: Economy GOP Haley Barbour Health care New Jersey Virginia November 6, 2009
Posted: November 6th, 2009 10:38 AM ET
(CNN) - Christina Romer, chair of the President's Council of Economic Advisors, released a statement Friday on the latest jobs report:
Filed under: Economy Posted: November 6th, 2009 08:53 AM ET
From CNN Deputy Political Director Paul Steinhauser
Republicans quickly responded to the latest jobs report Friday.
Washington (CNN) - The top Republican in the House of Representatives says the White House is "falling short" when it comes to battling unemployment. "The president has said that job creation is the ultimate measure of economic performance. Today's report is yet another reminder that American families and small businesses are still struggling, and the White House response is falling short," said House Minority Leader John Boehner in a statement released Friday morning. Boehner's statement was released just minutes after the Labor Department reported that the nation's economy lost 190,000 jobs in the month of October and the unemployment rate rose from 9.8 percent to 10.2 percent. "A jobless recovery and double-digit unemployment are not what the American people were promised. Democrats pledged that the so-called 'stimulus' would create jobs immediately and keep the unemployment rate from going above eight percent. But since the 'stimulus' was signed into law, more than three million private sector jobs have been lost. Americans are asking 'Where are the jobs?' but all they've gotten from Democrats in Washington is more spending and more debt," adds Boehner. Minutes after Boehner's comments, the Republican National Committee weighed in as well. "With so many families looking for work, it is time the Obama administration stop spreading their phony 'saved or created' talking points and start creating the dependable jobs America needs. President Obama promised jobs during his campaign for president, and the elections in Virginia and New Jersey on Tuesday were a clear referendum on his failure to deliver on this promise," said RNC Chairman Michael Steele in a statement. Filed under: Economy Posted: November 6th, 2009 08:43 AM ET
WASHINGTON (CNN) – The U.S. unemployment rate rose to 10.2 percent in October, the Labor Department said Friday. It's the first time the unemployment rate has surpassed 10 percent since 1983. Full story from CNNMoney.com Filed under: Economy Posted: November 6th, 2009 08:00 AM ET
From CNN's Polling Unit TOPICS: Most important problem Filed under: Afghanistan CNN Poll Archive Economy Energy Extra Health care Terrorism Posted: November 6th, 2009 06:20 AM ET
The number of Americans who say the economy is their top issue is on the rise, according to a new national poll.
Washington (CNN) - The number of Americans who say the economy is their top issue is on the rise, according to a new national poll. Forty-seven percent of people questioned in a CNN/Opinion Research Corporation survey released Friday morning say the economy is the most important issue facing the country today. That's up 6 points from August. Health care, at 17 percent, remains second on the list. But the issue is down a few points from August, indicating that the furor caused by the late summer town hall meetings may be fading somewhat on the minds of most Americans. "Third on the list are the wars in Afghanistan and Iraq, with indications that more Americans are concerned by that issue as President Barack Obama continues a lengthy debate over whether to send more troops into combat," says CNN Polling Director Keating Holland. The federal budget deficit also makes it into double digits, followed by education, terrorism and energy in single digits. Filed under: CNN poll Economy November 5, 2009
Posted: November 5th, 2009 03:17 PM ET
From CNN Senior White House Correspondent Ed Henry Washington (CNN) - As the White House braces for new numbers coming out Friday that could show unemployment has reached double digits, senior administration officials tell CNN the president is planning to quickly sign legislationjust passed by Congress that will offer up to 20 additional weeks of unemployment insurance. The legislation that will be signed Friday morning also aims to stabilize the housing market with a one-time extension of the $8,000 tax credit for first-time homebuyers. The bill also provides an additional tax cut for businesses still struggling in the uncertain economy. The bill signing will come just three days after an off-year election in which voters in several key races said the sluggish economy was a major factor in their votes. Filed under: Economy President Obama Posted: November 5th, 2009 02:54 PM ET
From CNNMoney.com Senior Writer Tami Lubhy
The House and Senate have both approved an extension of unemployment benefits.
NEW YORK (CNNMoney.com) - Unemployed Americans are set to get up to 20 additional weeks of jobless benefits, while new homebuyers are poised to see the $8,000 tax credit extended into mid-next year. The House approved the measures by a 403-12 vote Thursday afternoon, a day after the Senate passed the legislation. The bill now moves to the White House for the president's signature. The closely watched legislation would extend jobless benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional six weeks. The proposal would be funded by extending a longstanding federal unemployment tax on employers through June 30, 2011. The measure would apply to those whose benefits run out by Dec. 31, which is nearly two million people, according to Senate estimates. Those whose checks have already stopped would be able to reapply for another round. Filed under: Congress Economy November 4, 2009
Posted: November 4th, 2009 06:29 PM ET
From CNNMoney.com Senior Writer Tami Lubhy NEW YORK (CNNMoney.com) - After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit. The closely watched legislation would extend jobless benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional six weeks. The proposal would be funded by extending a longstanding federal unemployment tax on employers through June 30, 2011. The measure would apply to those whose benefits will run out by Dec. 31, which is nearly two million people, according to Senate estimates. Those whose checks have already stopped would be able to reapply for another round. The vote was 98 to 0. The measure now moves to the House, which passed its own benefits extension in September, giving an additional 13 weeks in high-unemployment states. The two bills must now be reconciled, though the House is expected to support the Senate's version. November 3, 2009
Posted: November 3rd, 2009 10:38 PM ET
(CNN) - What was on the minds of New Jersey voters as they voted for governor Tuesday? More than a third of voters - 39 percent - said the quality they were looking for most in a candidate was the ability to bring change, and most of them said they had voted for the Republican Chris Christie, a former federal prosecutor, who CNN projects won the race. That's according to early CNN Exit Poll data. 32 percent of voters said the economy and jobs was the most important issue. Most of these voters said they voted for Democratic incumbent Governor Jon Corzine. Property taxes were the most important issue for 26 percent of voters. They voted in large part for Christie. Updated 10:38pm ET Filed under: Economy Exit Polls New Jersey Posted: November 3rd, 2009 08:25 PM ET
(CNN) - As voters went to the polls in Virginia Tuesday to elect a new governor, the economy was on their mind. 83 percent said they are very or somewhat worried about economic conditions, according to early CNN Exit Poll data. Those who are most worried voted overwhelmingly for Republican Bob McDonnell, who CNN projects won the race. Another 11 percent said they are not too worried about the economy. Democrat Creigh Deeds captured most of that vote. Just three percent said they're not worried at all about the economy. Almost half of the respondents said the economy and jobs was the most important issue. A quarter said health care was the most pressing issue. More complete data will be released later in the evening. Filed under: Economy Exit Polls Virginia Posted: November 3rd, 2009 05:39 PM ET
(CNN) - The economy and jobs are the number on issue on the minds of voters in Virginia, according to data from CNN exit polls Tuesday. Forty-six percent of Virginian voting Tuesday, as Republican Bob McDonnell and Democrat Creigh Deeds faced off for the governor's mansion, say that the economy and jobs are the most important issue to their vote. One in four indicate that health care reform is their most pressing issue, 14 percent said taxes were upmost on their minds, and 8 percent suggest that transportation woes were most pressing. "The economy as the number one issue probably bodes well for the Republicans in Virginia," says CNN Senior Political Correspondent Candy Crowley. Those questioned in exit polls were asked their opinions after they voted, as they departed polling stations. Filed under: Bob McDonnell Creigh Deeds Economy Exit Polls Virginia November 2, 2009
Posted: November 2nd, 2009 12:45 PM ET
President Barack Obama warned Monday that more job losses should be expected in the months ahead.
WASHINGTON (CNN) - President Barack Obama warned Monday that more job losses should be expected in the months ahead despite recent signs of economic recovery. He also called for "new models" of economic growth to help avoid a repeat of what he said was the debt-driven expansion of the past. "We anticipate that we're going to continue to see some job losses in the weeks and months to come," the president said during a meeting with several of his top economic advisers. There is "always a lag of several months between businesses starting to make profits again and investing again and them actually rehiring again." Obama also said, however, he's confident "that having moved the economy on the right track ... there's no reason why we're not going to be able to not only create jobs, but the kind of sustainable economic growth that everybody's Filed under: Economy President Obama November 1, 2009
Posted: November 1st, 2009 04:43 PM ET
From CNN Chief National Correspondent John King
In his Crib Sheet, CNN's John King looks back at Sunday's talk shows and ahead to the topics that will be making news this week.
The state of the economy and of our politics dominated the Sunday conversation. To sum up the administration’s message in a sentence: We have hit the bottom, but it is choppy. There was also a Republican promise to have a detailed health care proposal – complete with a scoring from the Congressional Budget Office – by the end of this week. And a lot of talk about whether the conservative-Republican divide in a special New York congressional election is a healthy struggle, or a sign of festering internal tensions that will carry over and hurt the GOP’s chances in next year’s midterm elections. A lot to digest, so let’s get right to the best Sound of Sunday: Filed under: Afghanistan Economy GOP Health care NY-23 Popular Posts State of the Union Posted: November 1st, 2009 11:59 AM ET
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@PrestonCNN: The RNC's Monday plan to target centrist Democrats: http://bit.ly/92MgoZ
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