By Jueseppi B.
12:00 AM EDT
This week, the President urged Congress not to let student loan rates double and to confirm three judges for the federal appeals court in Washington, held bilateral meetings with the NATO Secretary-General and the President of Chile, kicked off a National Conference on Mental Health, honored the Super Bowl champions, and announced a major new initiative called ConnectED, while the Vice President wrapped up a weeklong trip to South America. That’s May 31st to June 6th or, “Cooler at Night.”
Friday, May 31st
- The Vice President and Dr. Jill Biden returned from a trip to South America, including Trinidad and Tobago,Colombia, and Brazil.
- The President urged Congress to prevent student loan rates from doubling on July 1st.
- Then, the President met with Anders Rasmussen, the Secretary General of NATO.
- Judging commenced on original lunchtime recipes for this year’s “Kids’ State Dinner”
Sunday, June 2nd
Monday, June 3rd
- The President kicked off the daylong National Conference on Mental Health.
Tuesday, June 4th
- The President nominated three judges to the U.S. Court of Appeals in D.C.
- Then, he sat down with President Sebastián Piñera of Chile in the Oval Office.
- Later, he welcomed Myrlie Evers-Williams to the Oval Office to honor her work as a civil rights activist and journalist.
Wednesday, June 5th
- The President hosted the Super Bowl ChampionBaltimore Ravens.
- Then, he invited a group of students from Chicago’s Harper High School.
- Finally, the President announced new members to his national security team.
Thursday, June 6th
- As part of his “Middle Class Jobs & Opportunity Tour,” the President traveled to Mooresville Middle School in North Carolina, where he announced his ConnectED initiative.
09:30 AM EDT
Alan B. Krueger is Chairman of the Council of Economic Advisers
While more work remains to be done, today’s employment report provides further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we remain focused on pursuing policies to speed job creation and expand the middle class, as we continue to dig our way out of the deep hole that was caused by the severe recession that began in December 2007.
Today’s report from the Bureau of Labor Statistics (BLS) indicates that private sector businesses added 178,000 jobs last month. Total non-farm payroll employment rose by 175,000 jobs in May. The economy has now added private sector jobs every month for 39 straight months, and a total of 6.9 million jobs has been added over that period. So far this year, 972,000 private sector jobs have been added.
The household survey showed that the unemployment rate ticked up to 7.6 percent in May from 7.5 percent in April. However, the labor force participation rate also rose by 0.1 percentage point to 63.4 percent in May, as 182,000 more unemployed workers reentered the labor force in May than in April, a sign that more workers felt encouraged to search for a job.
With the recovery gaining traction, now is not the time for Washington to impose self-inflicted wounds on the economy. The Administration continues to urge Congress to replace the sequester with balanced deficit reduction, while working to put in place measures to create middle-class jobs, such as by rebuilding our roads and bridges and promoting American manufacturing. The President will continue to press Congress to act on the measures he called for in his State of the Union address to make America a magnet for good jobs, help workers earn the skills they need to do those jobs, and make sure their hard work leads to a decent living.
According to the establishment survey, in May employment rose notably in professional and business services (+57,000, of which +25,600 were in temporary help services), bars and restaurants (+38,100), retail trade (+27,700), and education and health services (+26,000). Construction added 7,000 jobs and has grown in 11 of the last 12 months, adding 189,000 jobs over that period. Government jobs fell by 3,000, with the Federal government (excluding postal) losing 9,400 jobs. Local government added 13,000 jobs, and with revisions has now expanded for three months in a row, a welcome sign that the unprecedented job losses in the local government sector may be nearing an end.
As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and payroll employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.
White House Live
President Obama Speaks on the Affordable Care Act
San Jose, California
White House YMCA Champions of Change
The White House
White House Schedule – June 7, 2013
The very next time The President takes some time off to play golf, and an ignorant racist caucasian brings up his taking time off to play golf……just show that moron this schedule…..for ONE day.
Friday, June 7 2013 All Times ET
11:50 AM: The President delivers a statement to reporters on the Affordable Care Act.
12:25 PM: The President departs San Jose, California.
1:35 PM: The President arrives Los Angeles, California.
3:00 PM: The President delivers remarks at a DNC Fundraiser.
5:05 PM: The President departs Los Angeles, California.
5:55 PM: The President arrives Palm Springs, California.
8:00 PM: The President participates in a photo opportunity with President Xi Jinping of the People’s Republic of China.
8:05 PM: The President and President Xi Jinping of the People’s Republic of China will hold a bilateral meeting.
11:00 PM: The President will hold a working dinner with President Xi Jinping of the People’s Republic of China.
June 07, 2013
11:00 AM EDT
Yesterday, at the UK’s G8 Social Impact Investing Forum in London, the Administration launched the National Impact Initiative (NII) to expand the use of impact investing as an element of the Administration’s strategies for economic growth and global development. In London, 150 top government officials, business executives, social entrepreneurs, philanthropists and academics who have been leaders in the burgeoning field of impact investing will discuss how to increase impact investing in order to both accelerate economic growth and job creation in G8 nations as well as leverage new capital flows toward the Millennium Development Goals. The U.S. has been at the forefront of this field.
Impact Investing is the practice of channeling capital toward businesses that intentionally generate economic return and public benefit. Such businesses openly track and measure social, environmental, and governance (ESG) considerations alongside their financial returns. These firms often are described as creating models of shared value or sometimes referred to as social enterprises. Impact investing often encompasses support for firms operating in target geographies, specific sectors, or employing specific populations.
Speeches and Remarks
June 07, 2013
Statements and Releases
June 07, 2013
Readout of Vice President Biden’s Meeting with Bahrain’s Crown Prince and First Deputy Prime Minister Prince Salman bin Hamad Al-Khalifa
June 06, 2013
Press Gaggle by Deputy Principal Press Secretary Josh Earnest and Secretary of Education Arne Duncan en route Mooresville, NC, 6/6/2013
9/11: Incompetent Rudy Giuliani Was an ‘Unwitting Accomplice’ of Al-Qaeda
Published on Jun 7, 2013
Scandal Obsession Exposed: GOP Tells ‘Car Thief’ Darrell Issa To ‘Cool It’
Published on Jun 7, 2013
Martin Bashir: ‘IRS’ New N-Word In The ‘War Against The Black Man In The White House’ Mediaite
Published on Jun 5, 2013
6/5/13 – On Wednesday, MSNBC host Martin Bashir accused President Barack Obama’s critics, who are focusing on the scandal involving the Internal Revenue Service’s targeting of conservative groups, of using the IRS scandal in place of attacks on the president’s race. Bashir scolded a variety of Republican commentators who he said “laid the groundwork” for Mitt Romney to make a “racist comment” in 2012 when he joked that no one ever needed to ask for his birth certificate.
“And now, the IRS is being used in exactly the same way as they tried to use the president’s birth certificate,” Bashir said. “For Republicans like Darrell Issa, who knows something about arson, those three letters now stand for something inflammatory.”
“Republicans are using it as their latest weapon in the war against the black man in the White House,” he insisted.
Bashir then referenced a portion of an interview by the late Republican political consultant Lee Atwater from 1981:
Now, you’re talking about cutting taxes, and all these things you’re talking about are totally economic things and a byproduct of them is, blacks get hurt worse than whites…. “We want to cut this,” is much more abstract than even the busing thing, uh, and a hell of a lot more abstract than “N***er, n***er.”
“So, this afternoon, we welcome the latest phrase in the lexicon of Republican attacks on this president — the IRS,” Bashir said. “Three letters that sound so innocent, but we know what you mean.”
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