President Obama Announces ‘Jobs Summit’

Obama’s proposed “forum” next month in the White House to solicit suggestions on how to improve the economy is scarily reminiscent of when Louis XIV’s finance minister Jean-Baptiste Colbert gathered French businessmen to ask them how the monarchy could help the economy.
The answer: “LAISSEZ-FAIRE!” (leave it alone)
How appropriate and great would it be for YOU to bring this up to Obama next month?

Jobs summit?
Obama said that the stimulus package would have an immediate impact on jobs.
Well, it did. It killed off many more jobs. Millions of them.
The more Obama does for “jobs” the fewer there are. Not everyone in the country can be a community organizer or work for ACORN. Someone has to actually make something.

Is this just a fancy way to pretend that more jobs will be saved or created?
Wow a Job Summit.
Sounds like Obama is really working hard on jobs.
Nice front so that Obama can focus on what he really cares about–his legacy and gov’t run health care.

The Jobs Summit first announcement?
“This Jobs Summit saved or created 586 jobs!”
lol, fail.

I think this is a mistake for the President. If the job picture does not improve after the summit, he will be blamed.

Obama doesn’t care about the millions of Americans unemployed, he’s worried about HIS job, and the jobs of the Democrats who keep him in power.
2010 is coming up and he knows we are going to drain the swamp.
And when we clean house–Obama becomes a lame duck.
They are in a full blown panic!
And they should be.

How does Obama keep a straight face when he claims to have saved a million jobs?
Everyday another report comes out about how the WH has exaggerated claims about created/saved jobs.
Even the MSM is on it.
That’s how bad the stimulus is.

Pretty much anyone who would be at that summit talking about giving jobs to the average Joe/Jane, including Obama, is out of touch with the average person. The problem is not that there aren’t jobs out there. Despite the job losses, there are plenty of jobs. Employers are the problem, including chief executives and non-profits. Their standards are out of this world for candidates, and many of them only want to hire friends, friends of friends and relatives. None of them care about educational background (even entry level jobs require one or two years of work experience in the field that job is in), and they don’t want to pay what candidates are worth because they want to keep all the money. This is not a partisan thing, and this is not just about Obama. He can take the Republican’s suggestion and give money to small businesses to create jobs, but that’s not going to solve the problem–not if those businesses are going to ask for the sun and the moon from candidates, even to do simple jobs, and not pay them what they should for it.

You want to create jobs? Give everyone a tax free year.
The economy would go nuts.
Of course they won’t because taxes are about control.

I have a few thoughts with what Obama can do with his job summit!!!!!

The answer is simple bring our jobs back to this country, we don’t have to have wages that rival workers and CEO’s in the banking industry, but ours should be guide lined by the banking moguls, take home pay, We get the shaft on everything to the benefit wall sreet bottom line. Statement I PROMISE YOU MAKES A LIAR OUT OF EVERY MAN INCLUDING THE PRESIDENT, stimulus whom did it save, cash for clunkers, cash for banks
cash for other country’s nothing for us, these companies aren’t going to create jobs for we the sorry people.

A Jobs Summit to come up with more fictional jobs “saved”.

This is bad news for thems in the 53 million who voted for him thinking they were going to get more handouts.
CLOSED DUE TO JOB SUMMIT
COME BACK IN 2012 (PLEASE)

Meanwhile Larry King, who lets every liberal appearing on his show say whatever they want, suddenly turns into Edward R. Murrow when Carrie Prejean appears on his show.

I am confused: Obama and Biden make statements that if we do not pass the stimulus unemployment will go above 8%.. We pass it unemployment up to 10.2 and expected to rise! Biden and Obama said the Stimulus saved or created x amount of jobs! Reports said those numbers are not accurate and really cant be proven! Obama and Biden then say that was based on false data the new data is much more accurate and it says we have saved and or created 650,000+ jobs! reports come out and say sorry wrong again not even close to accurate people are overstating the Jobs on the reports! White House response there are probably just as many reports that are low and l they will balance out and we stand by our numbers ! Today Obama says that it did not create jobs as hoped but it has slowed unemployment claims. How long will Liberals stand buy this under qualified over hyped lying President!

LoL! Another brilliant idea from this administration. Their collecting lack of experience running any kind of business is showing. This summit is another perfect pulpit for Obama to pontificate from. Too bad words don’t create jobs and neither does big Govt spending.
If you think unemployment is bad now wait until Cap and trade and healthcare taxes pass.

The Republican businesspeople he invited ought to write Obama the following:
“Ear Leader: I am too busy to attend, and you well know that we TOLD YOU already that what we needed was for you to stop spending. You stupid dolt!”

JOB SUMMIT – Another bright idea from our brilliant administration shines over the nation! He had about 10 summits already – did they work? How about a summit on Afghanistan? What he really needs is hiring a SUMMIT CZAR who will be in charge of all the forthcoming summits!

Amazing. He talks everything to death and does nothing useful. Not confidence inspiring, especially considering how they skew statistics to show they “saved or created” jobs. What a load of hooey! People are beginning to catch on to the fact that this president is a figurehead, surrounded by incompetents and sycophants hellbent on promoting a radical, jobs destroying agenda.

Since President Obama decided to invoke cousin “pookie” on his stop to New Orleans a few weeks ago, I will tell you what cousin pookie needs he needs a job mr president where are those jobs in the private sector.

Does anyone think he will put people in there that have contrasting views? NO he will get a room full of KISS UPS and LAP DOGS. If Obama wants me to believe he wants contrasting views he will invite Neil Cavuto everyone with an opposite view point because his lap dogs are FAILURES and the people of the country suffer while he makes speeches and scratches his head.

The President needs to go back to that community he ‘organized’ in Chicago and ‘save or create’ some jobs there first.
Don’t you love the way the media (incl Fox news) are repeating the admin’s mantra ‘save or create’, as if that is actually an economic metric? The ‘journalists’ are fools for using it.
It is a politically phoney aphorism, at best.
What matters is the unemployment rate…period.
Is it going up, or down?

How many bogus jobs is this going to “create or save?”
Amateur hour at the White House continues.
BTW: Why is Obama going to Asia now? Can he not stop campaigning for himself and apologizing for America to get some ACTUAL work accomplished?
Then again he is a far left liberal trial lawyer, so it depends on what his definition of work is.

He said that phoney ‘created or saved a million jobs’ line again…as if the scandal about that whole ‘created or saved jobs’ counting process that is now unfolding doesn’t exist
Posted by: J House | Nov 12, 2009 2:00:03 PM
America’s Bagdhad Bob (Missiles? What missiles?)
_____________________________________
The President needs to go back to that community he ‘organized’ in Chicago and ‘save or create’ some jobs there first.
Posted by: J House | Nov 12, 2009 1:47:40 PM
Been there, done that. With Tony Rezko. Buildings still empty. Money gone. It worked so well he’s trying it with the entire country.

Go to jail for not buying health care.
I heard that Obama was going to be giving jobs to convicts.
Jobs for the government and convicts but not for Main Street.

The Emperorer has no clothes.

If he wanted to learn about creating jobs, he would invite small, medium and large business owners ONLY. Tell unions and academics sit down, shut up and learn from real life business stories.
Hey! You could gGive a “shout out” to Badger Mining Company, named 2009 best small company to work for in America.
Please wise up, President Obama, and talk to the people who are actually responsible for creating jobs at your latest “summit”.

obama will do the opposite of what needs to be done. He will not work across the aisle with conservative Republicans to help stimulate economy and small businesses. That’s okay, we’re going to fire the people in Congress who aren’t fiscally conservative anyway. If we can only hold out for one more year….

conservative Republicans to help stimulate economy and small businesses.
Posted by: Jenny
yes, they did such a good job for 8 years ..
stimulating the country into economic collapse..

Speaking of jobs, another “Malkin minute” from the petite right winger herself:”
“”The local Fox affiliate pressed Stroger on the patronage job, to which Stroger responded: “If you’re asking me if I’m crooked? No.” A C(r)ook County spokesman defended the hire by citing Leonard Muhammad’s 10-year experience in property management. Which would mean he started managing properties at … 16 years old.”
Leonard Muhammad is apparently Farrakan’s grandson not son.
And there is no mention in any of the source articles of 10 years experience, the reference is to several years.
“A Cook County spokesperson told Fox Chicago News Muhammad first interviewed for the county job in September. Chris Geovanis said Muhammad had worked in the property management business for several years and was well qualified for the Facilities Management post, which oversees maintenance and repairs at the county’s criminal courts and jail complex. The county would not provide Muhammad’s resume to Fox Chicago News
The lesson as always? Bigoted right wingers like Malkin lie.

“yes, they did such a good job for 8 years ..
stimulating the country into economic collapse..”
Yeah it was small businesses that caused the economy to collapse.
Atleast no Republican ever tried to throw you in prison because you wouldn’t buy a state mandated product.

The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today. During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts.

The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today. During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts.
________________________________________
There was already a $1.2 TRILLION dollar deficit on the books when Obama took over from Bush. The fiscal year runs October to October.
You might also recall the economy was in a virtual free-fall collapse, hemorrhaging 700,000 a month, stock market collapsed, housing foreclosure and bankrupcies through the roof – and the world economy in very real peril.
Little facts the right wing ignore – over and over again.

The lesson as always? Bigoted right wingers like Malkin lie.
Posted by: Ryan C | Nov 12, 2009 3:15:28 PM
“Muhammad is the grandson of Nation of Islam leader Louis Farrakhan, and the son of Leonard Muhammad, Farrakhan’s son-in-law and longtime chief of staff.”
He is the son of Farrakhan’s son-in-law and longtime CHIEF of STAFF or CHIEFTAIN if you will. The statement Malkin wrote is not a lie but correct as written. You lose on that one Spanky.
“A C(r)ook County spokesman defended the hire by citing Leonard Muhammad’s 10-year experience in property management.”
Nothing wrong here as she does not quote Geovanis who says ‘several years’ (the last I knew 10 is several). Sorry Spanky, unless you can prove it is NOT 10 years, you lose on this one too.
The lesson? Liberal ankle-biter loses all perspective and reason in his/her undiminished hatred for one particular Asian American Christian Woman. Wow. Prejudice against 1) Asian 2) Christian 3) Woman. You hit the trifecta Spanky!

“I wonder how much that deficit is going to increase imprisoning healthcare felons?”
The brilliance in imprisoning health care felons is that they will receive free health care behind bars. LOL

“The brilliance in imprisoning health care felons is that they will receive free health care behind bars. LOL”
They’re going to free all those drug “non-criminals” (remember that’s out of liberal compassion) and replace them with normal Americans who don’t get the government-approved acceptable level of health care coverage.

Visualize Whirled Peas | Nov 12, 2009 2:01:15 PM posted “Don’t be confused. Just listen to the economics experts who “took a class and read a lot.” They’ll get us through this. Their having a summit, you know.”
First, what do you recommend ? Continuing the Supply Side Economic policies that produced a pathetic 5 Million new jobs over 8 years?
Second, I believe the word you meant to use in your last sentence is the contraction of they + are: “they’re” not “their”. Most Americans actually LIKE the idea that those who are weighing policy actually “took a class and read a lot”.

What do those snobby millionaire elites in the White House/Congress know about
the everyday man on the street?
They are so far removed from regular people and from real life–they do not get it.
They do not get us.

A jobs summit??? President Obama – University President of the USA. What a loser? The President proves more and more every day how unqualified and over his head he is in an executive position.

I’m curious Aaron – what would you recommend since we got this recession goin’ on and all. Stay the course from the past 8 years when policies created a measly 5 Million new jobs?
Posted by: CenterOne | Nov 12, 2009 5:46:29 PM
If he is as serious about job creation as he was health care and the stimulis why would he wait until December? Last I checked today is the 12th. Sounds like more “dithering”.

Stone: Do you think it’s fair to send people to jail who don’t buy health insurance?
Pelosi: … The legislation is very fair in this respect.

I have terrific idea for the administration: let’s spend half a trillion dollars to begin converting to the ricksha for our basic transportation.
Ricksha factories would spring up throughout the land, employing millions of laid-off workers, and millions more would find work as ricksha drivers.
It’s the ultimate green jobs program–and think what it would do for the drivers’ cardiovascular fitness. (Of course, we will need a ricksha czar.)
I call it the Hyena Plan.

Stone: Do you think it’s fair to send people to jail who don’t buy health insurance?
Pelosi: … The legislation is very fair in this respect.
Posted by: Fascist Hyena | Nov 12, 2009 6:18:25 PM
____________________________________
Right-wing blogs run with reporter’s false question on jail time under health bill:
Right-wing websites including the Fox Nation have highlighted a question asked of House Speaker Nancy Pelosi at a November 9 press conference in Seattle by a local reporter who said, “Do you think it’s fair to send people to jail for not buying health insurance?”
In fact, the penalty under the House health care reform bill for failure to purchase insurance is a tax, not jail time.
Willful failure to pay federal income taxes can result in civil or criminal penalties.

Well King, he has a Council of Economic Advisors, and quite a few other people working for him, why doesn’t he come up with a proposal on jobs instead of these stupid “summits” that don’t produce anything. And what do you imagine this summit will produce. I see Andy Stern is of course invited. Geez, let’s pass Card Check and Obamacare. That will solve everything. He’s an academic, not an executive. Summits and conferences are for people that don’t like taking action. I think he’s afraid his solution, if he has one is politically awful and would cost him popularity, this thing he holds most dear to his heart.

“First, what do you recommend ? Continuing the Supply Side Economic policies that produced a pathetic 5 Million new jobs over 8 years?”
You mean JFK’s policies? Yes, absolutely. Supply-side policies have greated wealth every time they’ve been employed.

Will Obama report on how much stimulus money it took to create each of those temporary jobs that he thinks saved the economy?

Odd that the people who created the circumstances for this worldwide collapse and human misery (which originated in the good ‘ole USA) haven’t been brought to justice yet.
_____________________________
Have you done any serious study of this issue? Let me tell you – nobody comes out clean on this one, particularly the Bush administration. Whether there are criminal charges is another question.

When he was running for President, he didn’t mention needing a jobs forum. He said something more like he was going to have shovel ready and green jobs, practically as soon as he hit office. Gee, what happened? Oh yeah, that stimulas money went to Banks, CEO’s and Corporations, and WallStreet.

“Jail has always been an option for people who don’t pay their taxes. That’s the law of the land.”
Cool! It would be great to see Obamabots, especially the younger ones, thrown in jail for being unable or unwilling to pay their “healthcare tax.”
So how’s that Hope and Change working for you?

“Have you done any serious study of this issue? Let me tell you – nobody comes out clean on this one, particularly the Bush administration. Whether there are criminal charges is another question.”
But why is that? Democrats run the Executive and Legislative branches, not to mention the Department of Justice. They promised a thorough investigation and swift justice for wrongdoing that led to the economic crisis. What could possibly be stopping them from pursuing charges against those responsible for the near collapse of our economy and several others around the globe? Hmmmm?

“Jail has always been an option for people who don’t pay their taxes. That’s the law of the land.”
Really? Could you pass that message on to Tim Geithner? And Larry Summers. And Kathy Sebelius. And Charlie Rangel. And Daschle. And Solis. And on and on.
In the words of J.D. Salinger, “Some of us are more equal than others.”

Gallup: “U.S. job-market optimism has reached a new low, with only 8% of Americans saying now is a good time to find a quality job — the lowest level since Gallup began tracking this measure in August 2001. Americans’ optimism about this had begun to diminish even before the recession began to unfold two years ago, when 38% in November 2007 were optimistic, and there has been essentially no improvement since February of this year, when 9% held this view.”
In other words, YES WE CAN’T!

“Jail has always been an option for people who don’t pay their taxes. That’s the law of the land.”
Then why do you resist the notion that those who do not purchase the mandated health insurance face jail time for failure to do so?
Why not simply admit it, and move on? it is clearly an idea that does not offend you at all. But we always knew that.

VP Biden said the Recovery Act was supposed to be about one three letter word J-O-B-S.
Joe wilson was right.

“Posted by: Fascist Hyena | Nov 12, 2009 10:09:07 PM
Try reading it slowly Fascist. I know it’ll make your lips move . .. but try it. Perhaps read it out loud.
“The penalty under the House health care reform bill for failure to purchase insurance is a tax, not jail time.
“Willful failure to pay federal income taxes can result in civil or criminal penalties.”
I’ll try to make this as painless as I can for the slow reading group: if you fail to comply with a civil penalty, you go to jail. If you receive a criminal penalty other than jail and you fail to comply, you go to jail.
It is a very good thing to come to grips with this absolute truth: if you do not pay the taxes (or fines, whether civil or criminal) required of you by the federal government, you are placed in jail.
Is there something about all of this that you do not understand?
Try a little thought experiment, painful as that may be. Imagine that you are “taxed” for failure to purchase insurance. Suppose you do not pay that tax. Suppose that for that failure to pay you are asessed a civil penalty. Suppose that you cannot or will not comply.
What happens next?

“The House of Representatives passed their Obama Health Care bill H.R. 3962 saturday night on November 7th, 2009. In it is a provision to jail anyone who does not get ‘acceptable health insurance coverage’. The penalty is that you are ‘subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years.’
“Prosecution is authorized under the Code for a variety of offenses. Depending on the level of the noncompliance, the following penalties could apply to an individual:
• Section 7203 – misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.
• Section 7201 – felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.”

Obama loves to creat an image, illusion that he cares … He loves to be the center of the media.
He is merely a propaganda-in-chief.
He is a fundraiser in chief.

Looks like our President Clueless
WILL keep on discussion, meeting, meeting, discussion … on and on and on.
(YES, HE CAN!)

Some of you posting on here seem unaware there is a world-wide economic crisis that has taken place.
Every western industrialized country has experienced huge job losses, bankruptcies, foreclosures – almost UNPRECEDENTED.
Every country has put in place stimulus plans, tax cuts and deficit funding to try to simply shore up their economies against collapse.
Each country has seen some positive signs for their economies, but NOBODY is anywhere near out the woods yet – NOBODY.
Those of you who think there is some kind of magic wand anybody could wave to fix this are really deluding themselves.

we will never even hear about laws they pass “in secret”, until they come arrest us for violating them.
___________________________________
Paranoid much Jon? Sounds a little melodramatic.

tierra
The magic wand is to get this country producing again.
The thing restraining our country’s ability to produce is overregulation and strict bureaucratic roadblocks.

“By intervening directly and depriving society of its responsibility, the Social Assistance State leads to a loss of human energies and an inordinate increase of public agencies, which are dominated more by bureaucratic ways of thinking than by concern for serving their clients, and which are accompanied by an enormous increase in spending.”
- Pope John Paul II (1991) Centesimus annus

obama administration = analysis paralysis

Posted by: Woody | Nov 12, 2009 7:33:46 PM: “Supply-side policies have greated wealth every time they’ve been employed.”
But Woody, here’s the problem: all that generated wealth has tipped into the hands of the wealthiest. Back in 2005 after just 4 years of Supply Side economics, the wealthiest 1% of all Americans earned 21.2% of the nation’s income. And the gap between rich and poor grew even larger by the time President Bush left office.
Meanwhile, the wealth generated by Supply Side voodoo policy did not “trickle down” into new jobs – well at least here in the United States.
The pathetic 5 Million jobs created during the two Bush terms will NOT reemploy the 15.7 million people out of work today. And the manufacturing jobs that bled overseas, encouraged by Supply Side policies, will NOT be returning anytime soon.

ConScripted | Nov 13, 2009 5:35:40 AM posted: “It’s a good thing Fox News told us here on Main Street about how those arrogant, narcissistic, elite leftist socialist communist thugs in Washington secretly rammed through that Hate Crimes rider. No more burning lumber on lawns or roughing up a few Nancy boys all in good fun. One by one, freedoms are being taken away from good, clean, God-fearing, flag-loving Americans by a power-hungry Big Government that wants to throw us under the bus. Palin 2012!”
Hey ConScripted, “roughing up a few Nancy boys” has NEVER been “all in good fun” or a “freedom” for “God-fearing Americans”. Thanks for exposing the inner workings of the mind of a Palin supporter.

More Proof that the “Stimulus” is
Working. Not!
Jobs Summit= “We Don’t Have A Clue”!
When your economic policy consists of
demonizing businesses and banks and
promoting labor unions what do you
expect? Labor unions do not create jobs,
small businesses do.
Increasing taxes on small business
will make the unemployment situation
much worse.
Save time and money Mr President and
cancel the “photo op” summit.
Just cut taxes for small business and
make it possible for them to hire
people and maybe provide them with
health insurance!

wow | Nov 13, 2009 3:53:03 PM posted: “uncertainty in all of the administrations tax an spend plans are going to continue the bleak outlook.”
I live in a state, Oregon, with one of the nation’s top unemployment rates, mostly because of our economy’s dependence on timber. Over the past decades during housing declines, we’ve seen similar unemployment numbers, so we knew what to do.
During the last economic downturn, Oregon issued bonds to create jobs and also opened wider eligibility for federal food stamps. The money circulated throughout the state, helping build jobs. We rebounded, and attracted new high tech employers like INTEL. Even built a rainy day fund.
This recession, the housing bust hit us hard. But in April we started spending on infrastructure projects to get people working and off unemployment.
The key focus has been building family wage jobs, so we have used federal money to build healthy new tax payers by investing in school districts, training and community college scholarships. A well trained workforce has already attracted new employers like the country’s largest Solar Panel plant, Bio Sciences, Health Care, High Tech, and Renewable energy. Moody’s has predicted Oregon be one of the leading states out the recession.
I know exactly what you are talking about when it comes to commissioned sales. That’s how we make a living here at my small business. But Americans need to realize the future won’t look like the past bubble. We’re moving into a different market with new products – counter “bleak” with nimble.

@ wow – yep, we moved our business out of California at the end of 2007 for exactly those reasons you mentioned. However, I also know CA has a unique history that’s caused some of its budget problems. We were there during the dot-com boom when the state was rolling in tax money and anyone who fogged a mirror could get a mortgage no questions asked.
If you are one of those who can’t get out, find a copy of the book “California” by state historian Kevin Starr. It’ll help put things in perspective. I do miss the sunshine.

The banner that needs to be hung from the RNC:
“Its the jobs, stupid.”

CenterOne writes:
“IMO, tax cuts alone do not create jobs, small businesses do. That’s where help from the Federal government can make a difference.”
___________
So when is this part going to start? From what I see there has been a lot of talk about jobs being created or “saved” but the results are pretty dismal. The WH numbers for jobs being created as the direct result of the Stimulus Plan were so bad the spinmeisters were brought in to reach into the netherland to make them sound good. They got busted on that.
And how exactly can you measure a “saved” job in the private sector?
Best case, good day with the planets lining up there has been a decrease in the weekly unemployment numbers for the past 2 weeks. This could be the direct result of seasonal hirings.
The fact is this administration told us in clear terms: if Congress passed the Stimulus Bill unemployment would never get past 8%. We just hit 10.2% and we are still rising. Given the methods by which this Administration gets their Bills passed and, quite frankly, the wholescale breech in transparency and bi partisanship that this President promised not to mention the dismal results of their big save (from the brink) it is tough to believe that these guys have a clue much less are going to find genuine solutions.

If President Obama wants to solve the jobless problem, he and our Congress need to wake up and mistrust the globalists and drastically change the trade laws. The economic recovery will not create good jobs. Why, because the huge global companies have outsourced the manufacturing to other countries (including a communist country called China). The Fed and the administration don’t have much ammo left to fight the coming double and deeper dip — courtesy of their failure to understand the prime cause of the Great Recession: global trade imbalances and their impact on the US industrial base. They have squandered the “Hope and Change” platform on which President Obama ran, as well as much of his personal popularity. Why is a “jobs summit” necessary at all this week? The answer is that they blew it — and they still don’t understand wealth and job creation. Wall Street and multinationals still control the nation’s economic agenda, and spend-and-tax liberals the political agenda. The huge trade deficit and reckless banking practices have caused this Great Recession and still weight down the economy. Our manufacturing towns are ghost towns and the stores are filled with cheap slave labor produced junk from China. They send us contaminated toys, baby food, sheet rock, tires, steel (the list is in the thousands) etc. They are bought and sold by the lobbyists of the big international corporations who continue to sell foreign made junk to middle class Americans while ripping their livelihoods out from under them. These global companies have lied to us for two decades that strong countries don’t have strong manufacturing bases. Listen closely! Every other country (except America) does not ship their jobs overseas. The globalists then tell our media and politicians that our country needs to be combined with (trade laws) every other country to become a global entity. Our leaders and media have been indoctrinated to believe this lie for so long, how many soup lines does there have be, before a little common sense seeps into our brainwashed leaders? Our free trade laws are not, I repeat not free trade. Oil imports and cheap consumer goods from China account for nearly the entire trade gap. Presidents Bush and Obama have ignored the fundamental causes of a rising trade deficit-China’s subsidies for domestic oil consumption, which drive up global prices and the cost of U.S. oil imports, and China’s purposeful manipulation of currency markets, which keeps the yuan undervalued against the dollar and subsidizes Chinese sales in U.S. markets. President Obama’s policies to fight the recession will deliver an inadequate, temporary lift to the U.S. economy, and he has not offered meaningful policies to reduce the trade deficit. He fails to challenge China’s subsidies for domestic petroleum consumption and to even acknowledge the threat to American prosperity posed by China’s currency mercantilism. Industrial policies to promote exotic alternatives to conventional oil, conservation and battery powered cars will hardly dent oil imports for many years, and will create jobs numbering in the thousands, not the millions lost in the recession. Left to fester much longer, the trade deficit could cause an economic Armageddon reminiscent of the Great Depression. President Obama, afraid China won’t buy U.S. debt, won’t challenge China on currency and trade. That demonstrates how little Obama and Treasury Secretary Geithner understand about money and trade. If China doesn’t buy our bonds, all those dollars Beijing purchases to keep its yuan cheap will get stashed in the vaults of the Peoples Bank of China and go out of circulation. China undervalues its currency to boost its U.S. sales, domestic employment and growth. Its economic miracle is engineered by Beijing buying hundreds of billions of U.S. dollars, with freshly printed yuan, to keep its currency undervalued and Chinese products inexpensive in U.S stores. Then China uses those dollars to buy U.S. Treasury securities. I reiterate America has no jobs because the global companies love money more than America (these companies need to decide if they are American or Chinese). If they leave their manufacturing facilities in China, laws need to be passed that they move their headquarters there too. Then they can live under communist law. America has no jobs because our free trade laws are a joke. America has no jobs because of our trade deficit. So who does our President invite to the job summit today for input and advice? The very same people who have been instrumental in the slow destruction of our country- the leaders of the global companies. Let me stress one simple fact, if our leaders do not make these changes, nothing else will work. The fixes will mean that we have to stand up to China and the global companies and to do so now.

Please address this for everyone who is in this age gape.