Worst Job Loss Numbers Since 1974

With Obama’s partisan speech to Dems last night, his post-partisan campaign rhetoric has now been revealed as BOGUS!
Now is NOT the time for Obama to rev up his base to dig in their heels – when a majority of the public agrees with Repubs on the stimulus bill that contains too much non-stimulus pork.
But Obama can’t bring himself to say “no” to Pelosi and Reid because they brought him to the dance and own him.
What a mess!

This is awful that jobs are lost, but please – tell me how a bill that pays back Democratic fundraisers (that’s what about 80% of this bill is, don’t fool yourself – ACORN (LOL)) is supposed to create jobs?

indy_voter:
I fully agree with you! Republicans did not have good ideas the last 8 years, they do not have any now either! We voted for CHANGE and we are eager to see it happen.

This stimulus is so full of favors and fluff that it will do next to nothing to “save” or “create” jobs or the economy. We will be throwing good money after bad.
Everything run in seasons and cycles. This is just a drought before the rains come again.
Sometimes, doing nothing is better than doing something just to appease people. The government has a very poor track record of interfering and making things worse.
My brother-in-law lost his job at… surprise, a automotive engine manufacturing plant. He may have found a job in an aviation plant. We are waiting and hoping.
On the other hand, our small company had the best year ever last year and we hired an additional employee, so we are running counter to the national trends.
Has anyone called Pelosi on her statement of losing 500 million jobs a month? Talk about fear mongering and crazy making…

Ron Paul in the debates: “We have lived beyond our means, now we must live beneath our means.”
Everyone in the crowd and across America: “Ha, ha, ha, you are so kooki! The economy is sound.”

Obama, the second comin
Agreed, but he would be 77 years old. If wisdom does come with age, I am so there.

Nothing is bad than taking a hand of a blind person. You will never reach at the anticipated destination.
Am sorry to say am not ready to take an hand of those who got us lost!!!

Economics is 90% psychology.
I think the previous administration, as well as Congress and the Obama administration are all guilty of fearmongering.
The result of their dire predictions has become a self-fulfilling prophecy.
The economy will turn around only once the people (consumers and business managers) are convinced they can spend again.

I agree with those who say that the media, and BOTH parties in Congress drumming this “do what we say or the sky will fall” fear is adding fuel to the fire. I agree with the guy that said that 90% of the ecnomy is confidence. There is no confidence, which has resulted in hiring freezes, pulled back business and consumer spending, which only exasperates the whole problem. Many companies are sound and making money, and if they would just concentrate on their PRODUCTS, and not the stock price.. we might be okay. We’ve got to get back to basics, back to producing things people want to buy.. which creates jobs, small businesses, and industry. No abitrary government spending will be a substitue for real organic growth.

The porkulus bill is not the answer, no matter how many tantrums Obama throws.

And Jake, you might mention that half of those job losses came in the past 3 months – meaning that the economy is accelarating downward. Companies are cutting production, and dropping employees because of that, since no one is buying anything.
So, obviously, a plan of 100% tax cuts, like the one from economic whiz John McCain is the only answer.
Only that really makes complete sense – that is, if you are completely ignorant and insane.

“So, obviously, a plan of 100% tax cuts, like the one from economic whiz John McCain is the only answer.
Only that really makes complete sense – that is, if you are completely ignorant and insane.”
So we need to differentiate “tax cuts” and what they mean.
“Tax cuts” could be one shot rebates, to people that paid taxes. Or they could be to everyone, regardless.
Or “Tax Cuts” could be reductions to the tax rates of individuals, or additional deductions that encourage certain kinds of consumer spending.
Or “tax cut” could be reductions to business tax rates or additional deduction allowance to encourage behavior. Or the could be one-time deductions that go away.
Each one of the “tax cuts” will have a different effect. No one is going to change their strategic behavior for a one-time rebate. As Mitt Rommney said today in an article on CNN:
” Third, sending out rebate checks to citizens and businesses is not a tax cut. The media bought this line so far, but they’ve got it wrong. Checks in the mail are refunds, not tax cuts. We tried rebate checks in 2008 and they did virtually nothing to jump-start the economy. Disposable income went up, but consumption hardly moved.
Businesses aren’t stupid. They’re not going to invest in equipment and new hires for a one-time, short-term blip. What’s needed are permanent rate cuts on individuals and businesses.”
The current First Time homebuyer credit is probably worthwhile. On the other hand dont expect first time buyers to spur new home starts and construction jobs.
Most of the Obama “tax cut” is Making Work Pay which is $500/yr/person and phased out at $75,000 (because those people are evil).
Now giving money to working poor might be a worthwhile thing to do, especially now to buffer their personal conditions, but it in no way will stimulate the economy. If they spend the $500 on cheap dollar store junk out of each $1, probably $.07 stays with the company, $10 goes to the landlord and utilities , $.05 to the worker, $.10 to containerized shipping and transport. 60% of the stimulus would go to Chinese manufacturing.
In short one shot rebates to the poor will stimulate next to nothing.
Obama has no tax action that would in his plan that would cause a business to reinvest
Obama has no action in his plan that would cause a investor to put more money out.
The total amount of infrastructure projects is only $90B. The rest are dubious wishlist project that will have a questionable economic effect.

Republicans have been chanting the mantra of tax cuts since Nixon at least, but every time they leave office they leave a bigger mess behind. It just doesn’t work. -And I hope we will be spared further quotes by Mitt Romney. That fool doesn’t even have the common sense not to tie his dog to the roof of his car and go on a trip.

I don’t hate Mitt Romney, I just don’t like him. -And funny you should mention ol’ Mitt(American job killer)Romney on an article about job losses. He is probably as personally responsible for, and profited by, packing up as many American companies and shipping them overseas as anyone. When it comes to job loss he is kind of an expert.