President Obama Warns of Future Job Loss, “We are just not where we need to be yet”
ABC News’ Sunlen Miller and Matthew Jaffe report:
“We are just not where we need to be yet,” said President Obama in kicking off today’s meeting of the President’s Economic Recovery Advisory Board (PERAB), “We have got a long way to go.”
The President cited recent positive news such as last Thursday’s GDP numbers, which showed the country’s economy growing for the first time in more than a year. However, he also mentioned that production levels continue to be “significantly below peak levels” and, most distressingly, he said, job growth continues to lag.
“We anticipate that we’re going to continue to see some job losses in the weeks and months to come,” the President warned twice during the top portion of his meeting.
On Friday morning the jobs report for October will be released. September’s report showed 263,000 jobs lost and a national unemployment rate of 9.8 percent. It is expected that Friday’s report for October will show 166,000 jobs lost during the course of the month, with the unemployment rate hitting 9.9 percent.
Given the severity of the job losses that took place, the President said, they need to think of some “old, innovative action” to be taken by the administration, Congress and the private sector to get job creation going.
The President said this will require new models for where future growth is going to come from, and the government will have to “get serious” about reducing debt levels.
“We’ve got experts from a wide range of business sectors, and what we’re going to talk about is, are there mechanisms that we can start putting in place where we see the kind of growth that used to characterize the U.S. economy — export-driven growth, manufacturing growth, growth that pays high wages and provides high living standards for a broad-based middle class.”
The President said that getting people back to work was his administration’s “overriding focus” as well as the job of the PERAB.
“Having brought the economy back from the brink, how are we going to make sure that people are getting back to work and able to support their families,” he said, “we will not rest until we are succeeding in generating the jobs that this economy needs.
Today’s session was the second full meeting of the PERAB board, which is led by former Fed chief Paul Volcker and also includes Treasury Secretary Tim Geithner, National Economic Council director Larry Summers, Anna Burger from Change to Win, Jeff Immelt from GE, and Richard Trumka from AFL-CIO, among others.
“I couldn’t ask for a better group to bounce ideas off of,” Obama said, commenting that team has “extraordinary and diverse” expertise in the economy. The President said he would also solicit ideas from the private sector, from academia and from “all political persuasions” to form a strategy going forward.
“If somebody can show me a strategy that’s going to work, then we are happy to consider it.”
Ending on a confident note the President emphasized that if they apply “good common sense” and reinvigorate that sector of our economy that’s based on innovation and dynamism and entrepreneurship,” then the economic will be able to create sustainable growth.
-Sunlen Miller and Matt Jaffe

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I’m starting to think “hoping” for jobs really doesn’t cause “change” to happen all that quickly, or at all. Bummer.
Posted by: jennifert7 | November 2, 2009, 12:37 pm 12:37 pm
Washington Post, less than ten months ago:
“By Michael A. Fletcher
President-elect Barack Obama, seeking to quiet concerns that his economic stimulus package would lead to an unsustainable expansion of the public workforce, said today that 90 percent of the 3 to 4 million jobs created or saved by his plan would be in the private sector.”
Cue the derisive laughter. Cue the tears.
Posted by: Fascist Hyena | November 2, 2009, 12:42 pm 12:42 pm
Why does OBama just not tell us the truth? the Stimulis is not working,and the 3-4 million jobs he promised are not comming.
Posted by: strikerF | November 2, 2009, 12:44 pm 12:44 pm
January. 2009:
T”he jobs we create will be in businesses large and small across a wide range of industries,” Obama said. “And they’ll be the kind of jobs that won’t just put people to work in the short term, but position our economy to lead the world in the long term.”
Posted by: Fascist Hyena | November 2, 2009, 12:46 pm 12:46 pm
Just another sign that this administration doesn’t know what their doing with the economy. It’s their solutions that are killing us. Small business would be better off if they just left us alone.
Posted by: Jeff | November 2, 2009, 12:46 pm 12:46 pm
***“If somebody can show me a strategy that’s going to work, then we are happy to consider it.”
Ending on a confident note the President emphasized that if they apply “good common sense” and reinvigorate that sector of our economy that’s based on innovation and dynamism and entrepreneurship,” then the economic will be able to create sustainable growth.***
Ok I’ll take you up on that Mr. President.
Cut goverment spending and use the saving to provide a tax cut for Small businesses as below:
1-25 employees – 35% tax cut
26-60 employees – 25% tax cut
61-100 employees – 20% tax cut
This will reduce the capital burden on small businesses and new business and help bring new innovative ideas into the economy as well as allow additional monies in existing small business to be used to hire new employees to expand operations as needed and to be used to pay for technology updates in the existing business to help curb the cost of doing business.
Posted by: bobtherepublican | November 2, 2009, 12:59 pm 12:59 pm
Why doesn’t he just say he saved 3,000,000 jobs and be done with it? The American people are too stupid to know the difference, right?
Posted by: sybilll | November 2, 2009, 1:00 pm 1:00 pm
================
How can Obama say he brought the economy from the “brink” when unemployment under his administration is getting worse and worse? He’s heading towards the brink!
================
It sounds like he wants the strategy of Reagan and Bush, who achieved record lows in unemployment and record highs in government revenue with record low in taxation.
================
Posted by: N Waff | November 2, 2009, 1:00 pm 1:00 pm
His stimulus advisor has already admitted we’ve seen the best the stimulus would offer. She is not expecting anything significant from the stimulus in 2010. Hmm, Obama says we have a long way to go. The Dems can’t seem to stay on the same page at all.
Posted by: lfrichar | November 2, 2009, 1:01 pm 1:01 pm
Unemployment continues to rise, and all this adminstration can do is push attempt #2 of a healthcare bill, that is 1900 pages long – which no one has read!
It appears that his health care is the coner stone of remaking America, into
his vision of a socialized America.
Let’s see what the current elections think about this attempt.
Posted by: KGY | November 2, 2009, 1:03 pm 1:03 pm
If Obama and his policies saved 1 million jobs at a cost of $270,000 per job, he could done better by giving the money away. At $90,000 per citizen, he could have save 3 million families.
Posted by: N Waff | November 2, 2009, 1:08 pm 1:08 pm
The American Recovery and Reinvestment Act of 2009 did not include elimination of the penalty for withdrawing from your 401(k).
This seems like something that could be done to help people who are trapped in long-term unemployment. They have to support themselves and their family somehow.
Posted by: MayBee | November 2, 2009, 1:09 pm 1:09 pm
I believe Obama was partially raised by Mr Marshall (whom I think we will eventually find out that’s his father), we already know his mother cared nothing for him. I just believe he truly believes everything he hears himself say! I never thought Americans would elect someone like this to the Presidency. One consolation—betcha it won’t happen again!
Posted by: lyineyes1956 | November 2, 2009, 1:18 pm 1:18 pm
tierra- just because Obama threw the Republicans a bone, doesn’t mean he get their undying love. They are representing their constituents who put them in. Obama’s stimulus was a pork filled waste of taxpayer money on Dems favorite projects. It has not delivered what was promised. If the money had actually gone to shovel ready infrastructure projects it might have helped more but that was only 9% of the total. States used much of it to fill their own deficits. Looked at the states with Democratic controlled legislatures and you’ll see those states inbudget trouble. Add the pie in the sky fast trains monmey for Nevada (Reid), Illinois (Obama) and Pa (Murtha)and you have stimulus that didn’t deliver. Only look at SS, Medicare and Postal Service and you’ll systems that constantly lose money. The govt can’t not run anything efficiently and healthcare will be the same.
Posted by: jschmdit | November 2, 2009, 1:19 pm 1:19 pm
Take a not-so-hypothetical scenario –
How does America re-train tens of thousands of over-paid auto workers? What hope can Obama offer that will make these families believe they can EVER regain their lost standard of income?
Posted by: beeman | November 2, 2009, 1:28 pm 1:28 pm
“Obama’s stimulus was a pork filled waste of taxpayer money on Dems favorite projects”
______________________________________
If you could bleat out something with a little substance and FACT instead of the parrot squawks you might have more of a basis in reality.
$288 BILLION of the Recovery and Reinvestment monies come on stream in tax relief – tax relief – your remember the non-stop right wing chant don’t you?
Tax relief . ..
And you have absolutely no proof Recovery money is going to Democratic ‘pork’ projects. In fact ‘pork’ projects is another mindless buzz word – no need to actually provide facts and logical arguments – just trot out the word ‘pork’ and pretend you know what you’re talking about.
And as far as shoring up State budgets, you have NO idea what would have been going on in this country if that money had not been provided . ..
And you have no idea, what would have been going on in this country if those Recovery funds were not being used to shore up unemployment and health benefits for the millions who have lost their jobs.
Posted by: tierra | November 2, 2009, 1:35 pm 1:35 pm
“How does America re-train tens of thousands of over-paid auto workers? What hope can Obama offer that will make these families believe they can EVER regain their lost standard of income?”
__________________________________
So beeman you think America has had its glory days and its downhill from here? Do you think the entire gross consumer-based society will collapse?
Posted by: tierra | November 2, 2009, 1:38 pm 1:38 pm
Amazing how early they are starting to try and spin the bad jobs numbers coming up end of the week. Want to bet that later on they get revised (corrected) and we show an unemployment rate of over 10% and that is why they are already working on spinning this?
Posted by: Jason | November 2, 2009, 1:45 pm 1:45 pm
“Want to bet that later on they get revised (corrected) and we show an unemployment rate of over 10% and that is why they are already working on spinning this?”
_____________________________________
You don’t have to spin it to realize the country was losing 700,000 jobs per month at the end of the Bush presidency, and that number is down to 166,000 (projected) for October.
Anybody who paid attention, heard the President say repeatedly from the beginning that this was a very serious economic crash that had occurred and that the fix would not be easy, nor quick – and that things might get worse before they get better.
Those of you who think a crashed major economy can be fixed in a matter of months are dreaming.
Posted by: tierra | November 2, 2009, 1:52 pm 1:52 pm
How does America re-train tens of thousands of over-paid auto workers? What hope can Obama offer that will make these families believe they can EVER regain their lost standard of income?
beeman | Nov 2, 2009 1:28:57 PM
They aren’t liable to regain their lost ‘standard of income’ (what does that really mean?). They probably won’t ever get back their high wages and benefits, but they certainly could get a job rehabbing one of the 72,000 structurally deficient bridges in America, working in the budding alternative transport field, or retrofitting homes for efficiency (insulating is hard work, but not much training is really needed).
But no, they’ll never be able to afford to buy a $10k big screen TV using their sick-banked-wages or something. (Good thing big screen tv’s only cost $1k now.) So what?
Posted by: jhw539 | November 2, 2009, 1:56 pm 1:56 pm
Cut goverment spending and use the saving to provide a tax cut for Small businesses as below:
bobtherepublican | Nov 2, 2009 12:59:20 PM
Yes, because we saw how great repeated deep tax cuts for the wealthy – sorry, business owners and bankers worked the last 8 years… You do realize that your ideas are “keep doing exactly what Bush and the Republican Congress did that to put us in this hole to start with”.
Taxes haven’t been this low in 80 year. The ‘cut taxes’ crowd is successfully nickle and diming America to death.
Posted by: jhw539 | November 2, 2009, 1:58 pm 1:58 pm
Maybe we aren’t where we need to be because the Presidebt has no clue how to get there.
Next time it might be good to elect someone who has actually held a job in the private sector.
Posted by: Plumber | November 2, 2009, 2:02 pm 2:02 pm
The American Recovery and Reinvestment Act of 2009 did not include elimination of the penalty for withdrawing from your 401(k).
MayBee | Nov 2, 2009 1:09:20 PM
That would be one way of applying a stimulus, but it ultimately is adding to the national debt. The penalty is there for a reason and is part of the deal in return for the tax benefits the government gives to 401k’s. If you remove the penalty, 401k’s become a form of tax free savings accounts – another windfall for the wealthiest (the manager at McD’s does not have a big 401k account to raid, an ex-broker from Lehman Brothers certainly does).
Posted by: jhw539 | November 2, 2009, 2:03 pm 2:03 pm
“Obama and his policies saved 1 million jobs at a cost of $270,000 per job, he could done better by giving the money away.”
Good idea except it is still not HIS money to give away.
Posted by: WhereWasThePress? | November 2, 2009, 2:06 pm 2:06 pm
Tierra,
61% of the pork in the stimulus went to Dems programs while 39% went to GOP programs. Here is the short list of the many $$ billions in pork in the stimulus::::: $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Department of Energy defunded last year because it said the project was inefficient. • A $246 million tax break for Hollywood movie producers to buy motion picture film. • $650 million for the digital television converter box coupon program. • $88 million for the Coast Guard to design a new polar icebreaker (arctic ship). • $448 million for constructing the Department of Homeland Security headquarters. • $248 million for furniture at the new Homeland Security headquarters.
Posted by: lfrichar | November 2, 2009, 2:07 pm 2:07 pm
“Next time it might be good to elect someone who has actually held a job in the private sector.”
_____________________________________
Oh yeah, that worked miracles with the last President . .. .
You don’t have to spin it to realize the country was losing 700,000 jobs per month at the end of the Bush presidency, and that number is down to 166,000 (projected) for October.
Anybody who paid attention, heard the President say repeatedly from the beginning that this was a very serious economic crash that had occurred and that the fix would not be easy, nor quick – and that things might get worse before they get better.
Those of you who think a crashed major economy can be fixed in a matter of months are dreaming.
Posted by: tierra | November 2, 2009, 2:08 pm 2:08 pm
That would be one way of applying a stimulus
==========
I’m not thinking of it in terms of stimulus.
I’m thinking of it in terms of people being able to get access to their money so they can support their families and pay their bills.
Posted by: MayBee | November 2, 2009, 2:13 pm 2:13 pm
Posted by: lfrichar | Nov 2, 2009 2:07:20 PM
You really think just listing a bunch of projects suddenly makes them ‘pork’? Guess what, it doesn’t. Perhaps you should be explaining your definition of ‘pork’ rather than just pretending anything done is pork?
“61% of the pork in the stimulus went to Dems programs while 39% went to GOP programs.” Same problem . . . Where is this figure from? What criteria were applied?
Posted by: tierra | November 2, 2009, 2:17 pm 2:17 pm
Tierra: Pork barrel spending is the “”"”"appropriation of government spending for localized projects secured solely or primarily to bring money to a representative’s district.”"”" These are projects that would not normally be on the bill and are attached primarily to ensure a vote through the bill process. As I read through many news organizations, the list I submitted was a talley of the major pork in the bill.
Posted by: lfrichar | November 2, 2009, 2:24 pm 2:24 pm
Tierra,
Regardless of the pork spending in the stimulus, Obama said no more and the first thing he did was pass it knowing almost $10 billion was pork spending (he admitted it). That was his first lie in a string of lies. Would you like to know how many lobbyists are in his administration after he said there was no room for lobbyists? After 10 months, the only real push he has is for a health care bill that the majority of Americans do not want. He is hurting his party and this country.
Posted by: lfrichar | November 2, 2009, 2:28 pm 2:28 pm
IMPEACH obama
Posted by: TUXENT13 | November 2, 2009, 2:37 pm 2:37 pm
Listing a bunch of projects doesn’t automatically turn them into “pork”. You can call them “pork” if you want, though, because no one has ever defined “pork” specifically enough so that we can know it when we see it. If you want, you can call ALL government spending “pork.” You mention, for instance, that the U. S. Coast Guard gets $88M for a new ice breaker. The USCG used to have three ice breakers, all of them busy ships that spent a lot of time at sea. I think there may still be one in commission, built during the 1930s. I guess we don’t really NEED a new ice breaker. We don’t REALLY need a Coast Guard either. The victims of Katrina could have handled themselves quite well, thank you. And we could do without “green” federal buildings. Oil heating uses petroleum and that works just fine. I can’t imagine why we might want to fund a flood-control project. And so on.
Posted by: Robert Maxwell | November 2, 2009, 2:41 pm 2:41 pm
Posted by: lfrichar | Nov 2, 2009 2:28:22 PM
lfrichar what nonsense. The primary purpose of the bill is to bring money into circulation – it’s a STIMULUS bill!
Just listing projects does not make them pork.
Where are your bogus “61% of the pork in the stimulus went to Dems programs while 39% went to GOP programs” figures from? This is your own personal tally? Sorry I have no reason to believe your figures because you seem to think just posting a project’s name makes it ‘pork’.
“After 10 months, the only real push he has is for a health care bill that the majority of Americans do not want.”
Nonsense, you ought to pay more attention to what this administration has already accomplished.
I know you hate Obama, but you should exercise some degree of fairness and accuracy.
Posted by: tierra | November 2, 2009, 2:42 pm 2:42 pm
***Yes, because we saw how great repeated deep tax cuts for the wealthy – sorry, business owners and bankers worked the last 8 years… You do realize that your ideas are “keep doing exactly what Bush and the Republican Congress did that to put us in this hole to start with”.
Taxes haven’t been this low in 80 year. The ‘cut taxes’ crowd is successfully nickle and diming America to death.
Posted by: jhw539 | Nov 2, 2009 1:58:29 PM ***
Love this talk that the “wealthy” are some horrible people deserving of contempt for trying to start a buisness.
Lets look a a real world example that my suggestion would help.
One of my co-workers and her husband recently bought a business, an auto work shop employing 3 clerical staff 1 janitor and 11 mechanics. This year the businesses revenue before taxes will be around 480k. Take home pay for the owners? She told me they might clear 18k, and won’t break 30k for at least another three years.
She had planned on quitting her current job and going to work with her husband as an accountant for the business but they wouldn’t be able to survive on that little household income.
Yep small business owners are really making a killing on the backs of those unfortunate enough to be employed by them. Who are they to think that if they manage a small business they should bother to think they can make any money doing it.
Posted by: bobtherepublican | November 2, 2009, 2:47 pm 2:47 pm
It seems to me that Obama is describing the fate and state of his administration, rather than the national situation for employment.
1) Future Job Loss – cabinet members and czars in 2010, and then the Big Guy himself in 2012.
2) Not Where We Need to Be – march toward European nanny state socialism.
Posted by: VideoSavant | November 2, 2009, 2:50 pm 2:50 pm
Oh and jhw539, the reason that the tax cuts of the last 8 years didn’t help out the economy was that they were not followed by lower goverment spending.
Goverment spending increased and tax revenue dropped because of the cuts, resulting in the $500 billion deficit that Bush left the country with. To be an effective tax cut it needs to be joined with reduction in goverment spending, but such real-world common sense is too much to expect from our elected representatives it seems.
Posted by: bobtherepublican | November 2, 2009, 2:52 pm 2:52 pm
tierra- uou need to back up your own comments before attacking someone for not backing up theirs.
Posted by: jschmidt | November 2, 2009, 3:02 pm 3:02 pm
“Goverment spending increased and tax revenue dropped because of the cuts, resulting in the $500 billion deficit that Bush left the country with.”
_________________________________
Huh? When Bush left office the projected 2009 deficit was $1.2 TRILLION.
You might be thinking of the fact Bush added an average of $500 BILLION dollars EACH year of his presidency to the national debt – in debt bonds to China.
Posted by: tierra | November 2, 2009, 3:04 pm 3:04 pm
tierra- uou need to back up your own comments before attacking someone for not backing up theirs.
_____________________________________
Sure, no problem. Here are some of the current administration’s accomplishments . ..
“Since his inauguration the President has removed barriers to responsible scientific research involving human stem cells, signed the Lily Ledbetter Fair Pay Act, signed legislation expanding children’s health care (SCHIP), established the White House Council on Women and Girls, pushed for enactment of the Matthew Shepard Act, which expands hate crime law– and he’s about to sign the bill, doubled the troops in Afghanistan and ordered an assessment as part of a thorough policy review pertaining to the war in Afghanistan, secured $5 billion in aid commitments for Pakistan “to bolster the country’s economy and help it fight terror and Islamic radicalism” within the country, engaged the Muslim world in a manner wholly underappreciated by right wingers but important nonetheless, led a meeting of U.N. Security Council heads of state, a first for a U.S. president, which resulted in the adoption of a resolution focused on stopping the spread of nuclear weapons, signed the Omnibus Public Land Management Act of 2009 (the largest conservation effort in 15 yrs), put into place the framework for an auto industry recovery including an allocation of $2 billion in stimulus cash for advanced batteries systems, singed U.N. convention on the rights of persons with disabilities, signed credit card bill of rights, put $75 billion toward helping homeowners mostly via TARP funds, banned lobbyist gifts to exec branch employees, singed the American Recovery and Reinvestment Act which dedicates funds to alternative energy research, highway projects, and Health IT, the stimulus bill and Obama’s first budget dedicates money to high-speed rail, the Attorney General has directed federal prosecutors Monday to back away from pursuing cases against medical marijuana patients, signaling a broad policy shift that drug reform advocates interpret as the first step toward legalization of the drug, President Obama also signed the Veterans Health Care Budget Reform and Transparency Act into law today, the Dow is UP; the Nasdaq is UP ; in May, U.S. home prices rose for the first time in THREE YEARS; in June, new home sales rose 11% and as we move into the last quarter of 2009, home sales figures have risen on average all over the nation meaning there are signs of recovery; Health Care Reform likely with some sort of “public option” will become law before year’s end. Regulatory reform on Wall Street will take awhile and it’ll be a slug fest, but that’s going to happen too. While some feel it’s not happening fast enough, the administration is sticking to the status of forces agreements with Iraq to pull out our forces on time, and while we may not meet the deadline, Gitmo will be closed and no longer serve as a recruitment tool for those who wish to destroy us; and the world views America more positively again. World opinion has noticeably gone back up. And while transparency may not be where we want it to be, this admin is the most transparent to date. Not perfect, not even good enough *yet* but a few steps in the right direction.
“Defense Secretary Gates, initially appointed by Bush “said the strategy Obama laid out for Afghanistan in March was the FIRST real strategy America has had in Afghanistan since the ’80s.”
He also has said he very much enjoys working with Obama, but that’s neither here nor there, I suppose — the point is the President is also the first to develop a real strategy for Afghanistan which I hinted at but didn’t spell out. It may be taking him longer than you’d like (though you’d likely complain no matter what) but somehow I doubt it will be simply about “muddling through.”
Posted by: tierra | November 2, 2009, 3:08 pm 3:08 pm
tierra- reputible sources? Or was that from a MoveOn ad?
Posted by: jschmidt | November 2, 2009, 3:13 pm 3:13 pm
Posted by: Robert Maxwell | Nov 2, 2009 2:41:15 PM “I guess we don’t really NEED a new ice breaker. We don’t REALLY need a Coast Guard either. The victims of Katrina could have handled themselves quite well, thank you.” I think your a little off point. Like an Ice Breaker would be stationed of the Coast of New Orleans anyway! Well Maybe if Obama put it there. No one is saying we don’t have a need for some of the funding included in the Stimulus what we are saying is they all agreed something needed to be done and soon and certain members of congress took advantage of this to push through projects they otherwise probably would not have been able to get passed without the cover of this massive bill. So could the Ice Breaker have waited..I think so.
Posted by: nobama12 | November 2, 2009, 3:15 pm 3:15 pm
Growth comes from letting people keep their own money and do with it what they want. Increased regulation and taxes will only kill our economy, yet that’s all the Obama administration proposes. The economic destruction they are bringing our country is inevitable, and they’re too clueless (or too worried about their political constituencies) to care.
Posted by: Dave | November 2, 2009, 3:18 pm 3:18 pm
Don’t forget, plebes:
Any bad economic news is evidence of how horrible the economy was before Obama took over. And any good economic news is evidence that the stimulus is clearly working.
Any job “saved” by spending money counts as +1 for the Obama administration. But any job lost because of higher interest payments on the debt, decreased consumer confidence at the horrible regulatory policies of this administration, or the higher health care costs we are expecting — those won’t count as negative.
Remember, he’s President Obama. Only the good can be reported, not the bad. Anything good that happens is directly because of him. Anything bad that happens is in spite of his valiant efforts. All hail! All hail!
Posted by: Dave | November 2, 2009, 3:30 pm 3:30 pm
Wait a min. The man of change, the man who said he would increase jobs, the man who said stimulus is needed to create jobs, the man who said the overseas companies will pay if they do not move back to AMERICA. The man who continues to lie and let Polosi run the country. We are begining to think Polosi is the president acting and Obama cows down to her every want. After all its always Polosi stating what they want and vice president Oprah.
Posted by: Jim Rod | November 2, 2009, 3:50 pm 3:50 pm
Obama’s policies have made this recession worse by far. Instead of getting companies to employ people in permanent jobs, or encouraging R&D so we develop new product, Obama has gone to the same old handout philosophy meant to control votes and enslave people. He and his Socialist buddies are wrecking the country and tomorrow is the beginning of his end. We are going to take back America one district at a time until Obama is powerless.
Posted by: brian | November 2, 2009, 3:51 pm 3:51 pm
Anybody who paid attention, heard the President say repeatedly from the beginning that this was a very serious economic crash that had occurred and that the fix would not be easy, nor quick – and that things might get worse before they get better.
Posted by: tierra | Nov 2, 2009 1:52:37 PM
I also heard him say if the Stimulus bill wasn’t passed, the unemployment rate would go over 8%.
I’ve heard him say a lot of things. What are we to believe?
Posted by: Visualize Whirled Peas | November 2, 2009, 4:02 pm 4:02 pm
You don’t have to spin it to realize the country was losing 700,000 jobs per month at the end of the Bush presidency, and that number is down to 166,000 (projected) for October.
Posted by: tierra | Nov 2, 2009 2:08:39 PM
I hate to break this to you but the rate is slowing down – not because things are improving – but because corporations have laid off a significant number of their workforce are waiting to see what their bottom lines look like in the next few quarters – which is also one of the reasons why they are seeing short-term net profits in the 3rd quarter.
If the situation doesn’t improve, more layoffs will come in 2010.
Posted by: Visualize Whirled Peas | November 2, 2009, 4:06 pm 4:06 pm
Anybody read excerpts of Plouffe’s book? McCain/Palin surge, but along came an economic collapse and Obama wins in the fall. Never let a crisis go to waste. Obama knew how bad the economic collapse was. He voted for TARP. Unless he is a dummy or something. Do you think he was smiling as he watched the collapse lift his numbers? I do.
Posted by: Axey | November 2, 2009, 4:15 pm 4:15 pm
“I also heard him say if the Stimulus bill wasn’t passed, the unemployment rate would go over 8%.”
________________________________
Still trying to push this hogwash right wing lie?
If the President said that provide the quote, the source and the date – and we can all check it out.
What the President really said repeatedly from the beginning was this is a very serious economic crash that had occurred and that the fix would not be easy, nor quick – and that things might get worse before they get better.
Posted by: tierra | November 2, 2009, 4:18 pm 4:18 pm
“McCain/Palin surge, but along came an economic collapse and Obama wins in the fall.”
__________________________________
McCain was foolish enough 1) to select Palin and 2) to say the fundamentals of the economy are strong.
He sunk his own ship.
“Do you think he was smiling as he watched the collapse lift his numbers?”
You’re presuming Obama would be as spiteful and manipulative as Karl Rove and his Republican crowd.
Posted by: tierra | November 2, 2009, 4:22 pm 4:22 pm
===McCain was foolish enough 1) to select Palin and 2) to say the fundamentals of the economy are strong.===
That isn’t what Plouffe said. Talk to him. I paraphrased the releases from his book.
Posted by: Axey | November 2, 2009, 4:27 pm 4:27 pm
===You’re presuming Obama would be as spiteful and manipulative as Karl Rove and his Republican crowd.===
Karl Rove isn’t spiteful. But Obama is.
Posted by: Axey | November 2, 2009, 4:28 pm 4:28 pm
It does no good to try and tell OB anything. He and his advisers no better.
Posted by: LEE | November 2, 2009, 4:40 pm 4:40 pm
“Karl Rove isn’t spiteful.”
________________________________
You damage your credibility with this statement. His ‘smear and fear’ campaigns set the standard for how low the Republicans could sink in a ‘win at any cost’ mindset. He set the tone for malicious attacks and ‘negative’ campaigning. This damaged the United States beyond what most people even begin to contemplate – malicious attack as political maturity.
It’s where many of the posters on this blog learned their pathetic and morally bankrupt name calling and smear tactics.
Posted by: tierra | November 2, 2009, 4:43 pm 4:43 pm
If the President said that provide the quote, the source and the date – and we can all check it out.
Posted by: tierra | Nov 2, 2009 4:18:46 PM
From Jake’s blog, June 16th:
“In January, the incoming administration predicted in a white paper study that without a huge stimulus package, unemployment would reach just over 8%, and would be contained at under 8% with a stimulus package.”
So for you nit-pickers out there, even though the Obama Administration “pushed” the 8% cap, Obama did not personally say this so it’s “right wing hogwash.” According to danita, Obama is not responsible for anything that he doesn’t actually say. Very convenient.
Posted by: Visualize Whirled Peas | November 2, 2009, 4:44 pm 4:44 pm
===You damage your credibility with this statement. ===
I am not seeking credibility with you. Your posts show the only way that is achieved is by kissing O’s bum.
Posted by: Axey | November 2, 2009, 4:56 pm 4:56 pm
tierra —- That was a loooong post. Oh, all he’s done for stem cells is authorize government money, but private funding wasn’t banned for research anyway. He will not make his Iraq withdrawal date or Gitmo (while he sets up his new Gitmo in Afghanistan). Obama admitted the banks didn’t open up credit as he expected. Almost everything you wrote of on spending was mostly pork in the stimulus. Also, the START II treaty limits our nuclear capabilities and was scheduled for talks in May. His efforts are a normal part of the process. Banned lobbyists gifts, but he currently has over 12 lobbyists in his administration which he said “there’s no place for lobbyists in my administration”. Gates went “turncoat” to satisfy keeping his job. F-22, Prez Copter were his babies under Bush and now he axes them to waste over $4 billion. The medical grass is grossly abused and is allowing millions of healthy people to grow and use grass because it is out of control. You can see where we are going with this. Healthcare is a Democratic disaster. Spend, spend and spend some more on crap we don’t need or can’t afford. We’ll see in the polls how America feels.
Posted by: lfrichar | November 2, 2009, 5:13 pm 5:13 pm
umm, professor obama, “old” and “innovation” are basically antonyms. nice mastery of the english language. now, let’s have us some “new wave” “old fashioned” “copied” but “original” ideas on how to fix things. dude’s as big a blockhead as bush.
Posted by: davidfrat21 | November 2, 2009, 5:15 pm 5:15 pm
“If somebody can show me a strategy that’s going to work, then we are happy to consider it.” Umm, well, how about you take less of OUR money, let us keep more of OUR money to STIMULATE the economy as WE see fit. That will enable small businesses to start/grow. If we feel secure in our jobs, we’ll feel secure in spending OUR money. How about deporting all the illegals so the unemployed can take the jobs that they’re now doing for slave labor and sending it back to Mexico (or wherever); they’re not stimulating the economy! (And didn’t we abolish slavery?) How about getting rid of the massive government beauracracy (maybe half of MEchelle’s maids-in-waiting)and QUIT SPENDING OUR MONEY! That’s good for starters. BTW: NO healthcare plan – 85% of us are happy; ‘fix’ it; don’t ‘overhaul’ it in the government form.
Posted by: MaryR | November 2, 2009, 5:49 pm 5:49 pm
“Not where we need to be?” Jeez Barack just how much worse off does America NEED to be! OMG!!!
Posted by: jafo | November 2, 2009, 5:51 pm 5:51 pm
Hurry up, before we come to our senses!
That’s the way this president has run things thus far
Posted by: King Julien | November 2, 2009, 5:57 pm 5:57 pm
You guys want a strategy? FIRE ALL OF CONGRESS and lay off the partisan. That should wake them up.
Posted by: secondlook | November 2, 2009, 6:02 pm 6:02 pm
And this is the man who said we must hurry and pass the stimulus so unemployment won’t go pass 8%..7.2 million currently unemployed…This is not the change people had hoped for. Obama knows with the passage of a health care bill there will be jobs lost and many more imaginable should cap and tax pass..I know first hand the latter will bring significant loss far reaching.
Posted by: bailedout | November 2, 2009, 6:06 pm 6:06 pm
Few remember that the economic theory at the turn of the 21st century was that the U.S. was developing into a post-industrial economy, with emergent services – knowledge-based high-end services being preferred – replacing the dying and out-sourced manufacturing businesses. The question is whether a service-based, post-industrial economy is viable or will the U.S. have to rebuild its manufacturing sector, with or without relaxation of environmental controls. And, what type of products or services can the U.S. develop to export in order to pay for importation of manufactured goods.
Posted by: ed | November 2, 2009, 6:08 pm 6:08 pm
Tierra: Is this the quote you’re calling a bunch of hogwash right-wing lies?
“From the June 9 Los Angeles Times article, ‘Obama confronts doubts on stimulus, vows faster spending’:
“Results of the stimulus spending are difficult to measure, and so far the promised federal money has been slow in coming. As of May 29, just over 100 days since Obama signed the bill into law, only about 6% of the funds had been spent.
And on the jobs front, an early target was missed: Two of the president’s top economic advisors put out a report Jan. 9 predicting that with the stimulus spending, the U.S. unemployment rate this year would not exceed 8%. It now stands at 9.4%. That figure is higher than Christina Romer and Jared Bernstein had said it would be even if the stimulus package had not been adopted.”
Be careful and do your research before you start calling people liars.
Posted by: MaryR | November 2, 2009, 6:15 pm 6:15 pm
I voted for Obama and would like to apologize to you guys over how he failed to pull jobs out of his hoo hoo, after about thirty years of some garbage US policy prior to his taking his oath.
Posted by: secondlook | November 2, 2009, 6:17 pm 6:17 pm
The problem with the idea of jobs being saved is they arent being saved they are being lost continuously at an exponential rate. The percentage number just gets bigger every month. What to do really? How can you claim jobs saved if the number of unemployed keeps growing. You cant bail out a battleship with an ice cream scoop. It wont matter.
Posted by: joeyolives | November 2, 2009, 6:42 pm 6:42 pm
Posted by: MaryR | Nov 2, 2009 6:15:12 PM
It’s a typical liberal nit I guess. Obama didn’t actually say it so I lied. Hogwash indeed. But this is what I have come to expect from the “enlightened ones.”
Posted by: Visualize Whirled Peas | November 2, 2009, 6:59 pm 6:59 pm
I want a bigger house and new cars so my wife and I are maxing our credit and spending everything to stimulate our economy. Thank you Mr. President for this thoughtful economic lesson.
Posted by: Heavenislikethis | November 2, 2009, 7:02 pm 7:02 pm
I don’t believe a word obama says. He has no intention of working across the aisle and no intention of using any other ideology other than marxism. He says things are going to get worse, he KNOWS they will get worse because marxism will not improve the economy.
Posted by: Jenny | November 2, 2009, 7:16 pm 7:16 pm
Impossible! Joe said the stimulus is working better than expected. Apparently some right leaning reporter planted this story.
I expect the President to announce next week, we have saved or created 2 trillion jobs. And ABC will not question it.
Posted by: jerry | November 2, 2009, 7:19 pm 7:19 pm
Mr. Obama is so lying. He said that “I will not rest until the employment comes back”. But I saw him golf at least 3 times a week.
Posted by: young_voter | November 2, 2009, 7:19 pm 7:19 pm
No one holding the job of president of USA from now until infinity will ever be able to live up to the population’s expectations. Bush and Obama…both failures in the eyes of the beholder.
Posted by: uniform | November 2, 2009, 7:26 pm 7:26 pm
This group of people instills confidence…
Geitner – who authored in the failed stimulus and is creating debt for our grandshildren to pay
Immelt destroyed GE
AFL-CIO – please show me where this organization has ever been about business and growth.
And Nobama would “solicit ideas from the private sector”? DUH, where the heck to jobs come from moron! But they were the after-thought?
This article shows how inept and unqualified these people are to lead. He is not interested in promoting growth, but instead establishing socialism or government run “solutions”.
And he’s warning the unemployment rates are going to rise…WAKE UP PEOPLE!
Posted by: Chuck | November 2, 2009, 8:32 pm 8:32 pm
The economy is currently based on a service driven technological base, the manufacturing has left the soil of the U.S., service jobs are currently being outsourced daily,the entrepreneurial spirit has been demised with subpar educational base of our youth, the most educated of the world are staying put within their own nations and are driven by motivation to exceed the expectations of ones country, gone is the innovation that has once propagated exponentially on our shores. But our government does not want true reflection to recapture the American Spirit, greed has grown in its favor as a cancerous spread…special interest has control, we the people are relegated to complaints and complicity.
Posted by: Phallon | November 2, 2009, 8:53 pm 8:53 pm
If we want jobs to come back to the US, we need to demand companies move back.Stop purchasing thier products made in China for one thing. As long as we continue to buy/use products not made here by us we are screwed.
Posted by: Dot | November 2, 2009, 9:20 pm 9:20 pm
Obummer is DIRECTLY responsible for the loss of Union jobs in the coal mines going away – as his policies are SHUTTING DOWN THE MINES!
Way to go you back stabbing moron!
Posted by: clr | November 2, 2009, 9:22 pm 9:22 pm
Wait a minute, wait a minute! I thought Pres Obama said on the campaign trail stuff about green jobs and shovel ready jobs. Everyone is still waiting. Now he needs a think tank for ideas. Gimmie a break, he really had No Plan in the beginning, obviously! America, scammed again!
Posted by: wannaknow | November 2, 2009, 9:25 pm 9:25 pm
And yet he continues on a path of destruction, taxing businesses more, putting more burdens on the poor in the form of higher gas prices and utilities, higher health costs for everyone, straight out saying that he will bankrupt some industries and necessarily force utilities to skyrocket. Bank bailouts that have frozen credit instead of making banks more stable and enabling the flow of credit even to profitable and stable companies.
Mmm, mmm, mmm, Barack Insane Obama.
Posted by: Ferrari5858 | November 2, 2009, 9:33 pm 9:33 pm
If you can’t say nothing nice, don’t say nothing at all. Now the Libs want to take away the freedom of speech. If they think you don’t agree, then your a racist. Let’s see some walk, instead of the talk!
Posted by: myopinion | November 2, 2009, 9:47 pm 9:47 pm
Well, if they can manage to jam government healthcare down our throats maybe they can get jobs in one of the following new agencies to be created:
The House Republican Conference has compiled the following list of the 110 new Obamacare boards, bureaucracies, commissions, and programs created in H.R. 3962, Speaker Pelosi’s legislation for a government takeover of health care:
1. Retiree Reserve Trust Fund (Section 111(d), p. 61)
2. Grant program for wellness programs to small employers (Section 112, p. 62)
3. Grant program for State health access programs (Section 114, p. 72)
4. Program of administrative simplification (Section 115, p. 76)
5. Health Benefits Advisory Committee (Section 223, p. 111)
6. Health Choices Administration (Section 241, p. 131)
7. Qualified Health Benefits Plan Ombudsman (Section 244, p. 138)
8. Health Insurance Exchange (Section 201, p. 155)
9. Program for technical assistance to employees of small businesses buying Exchange coverage (Section 305(h), p. 191)
10. Mechanism for insurance risk pooling to be established by Health Choices Commissioner (Section 306(b), p. 194)
11. Health Insurance Exchange Trust Fund (Section 307, p. 195)
12. State-based Health Insurance Exchanges (Section 308, p. 197)
13. Grant program for health insurance cooperatives (Section 310, p. 206)
14. “Public Health Insurance Option” (Section 321, p. 211)
15. Ombudsman for “Public Health Insurance Option” (Section 321(d), p. 213)
16. Account for receipts and disbursements for “Public Health Insurance Option” (Section 322(b), p. 215)
17. Telehealth Advisory Committee (Section 1191 (b), p. 589)
18. Demonstration program providing reimbursement for “culturally and linguistically appropriate services” (Section 1222, p. 617)
19. Demonstration program for shared decision making using patient decision aids (Section 1236, p. 648)
20. Accountable Care Organization pilot program under Medicare (Section 1301, p. 653)
21. Independent patient-centered medical home pilot program under Medicare (Section 1302, p. 672)
22. Community-based medical home pilot program under Medicare (Section 1302(d), p. 681)
23. Independence at home demonstration program (Section 1312, p. 718)
24. Center for Comparative Effectiveness Research (Section 1401(a), p. 734)
25. Comparative Effectiveness Research Commission (Section 1401(a), p. 738)
26. Patient ombudsman for comparative effectiveness research (Section 1401(a), p. 753)
27. Quality assurance and performance improvement program for skilled nursing facilities (Section 1412(b)(1), p. 784)
28. Quality assurance and performance improvement program for nursing facilities (Section 1412 (b)(2), p. 786)
29. Special focus facility program for skilled nursing facilities (Section 1413(a)(3), p. 796)
30. Special focus facility program for nursing facilities (Section 1413(b)(3), p. 804)
31. National independent monitor pilot program for skilled nursing facilities and nursing facilities (Section 1422, p. 859)
32. Demonstration program for approved teaching health centers with respect to Medicare GME (Section 1502(d), p. 933)
33. Pilot program to develop anti-fraud compliance systems for Medicare providers (Section 1635, p. 978)
34. Special Inspector General for the Health Insurance Exchange (Section 1647, p. 1000)
35. Medical home pilot program under Medicaid (Section 1722, p. 1058)
36. Accountable Care Organization pilot program under Medicaid (Section 1730A, p. 1073)
37. Nursing facility supplemental payment program (Section 1745, p. 1106)
38. Demonstration program for Medicaid coverage to stabilize emergency medical conditions in institutions for mental diseases (Section 1787, p. 1149)
39. Comparative Effectiveness Research Trust Fund (Section 1802, p. 1162)
40. “Identifiable office or program” within CMS to “provide for improved coordination between Medicare and Medicaid in the case of dual eligibles” (Section 1905, p. 1191)
41. Center for Medicare and Medicaid Innovation (Section 1907, p. 1198)
42. Public Health Investment Fund (Section 2002, p. 1214)
43. Scholarships for service in health professional needs areas (Section 2211, p. 1224)
44. Program for training medical residents in community-based settings (Section 2214, p. 1236)
45. Grant program for training in dentistry programs (Section 2215, p. 1240)
46. Public Health Workforce Corps (Section 2231, p. 1253)
47. Public health workforce scholarship program (Section 2231, p. 1254)
48. Public health workforce loan forgiveness program (Section 2231, p. 1258)
49. Grant program for innovations in interdisciplinary care (Section 2252, p. 1272)
50. Advisory Committee on Health Workforce Evaluation and Assessment (Section 2261, p. 1275)
51. Prevention and Wellness Trust (Section 2301, p. 1286)
52. Clinical Prevention Stakeholders Board (Section 2301, p. 1295)
53. Community Prevention Stakeholders Board (Section 2301, p. 1301)
54. Grant program for community prevention and wellness research (Section 2301, p. 1305)
55. Grant program for research and demonstration projects related to wellness incentives (Section 2301, p. 1305)
56. Grant program for community prevention and wellness services (Section 2301, p. 1308)
57. Grant program for public health infrastructure (Section 2301, p. 1313)
58. Center for Quality Improvement (Section 2401, p. 1322)
59. Assistant Secretary for Health Information (Section 2402, p. 1330)
60. Grant program to support the operation of school-based health clinics (Section 2511, p. 1352)
61. Grant program for nurse-managed health centers (Section 2512, p. 1361)
62. Grants for labor-management programs for nursing training (Section 2521, p. 1372)
63. Grant program for interdisciplinary mental and behavioral health training (Section 2522, p. 1382)
64. “No Child Left Unimmunized Against Influenza” demonstration grant program (Section 2524, p. 1391)
65. Healthy Teen Initiative grant program regarding teen pregnancy (Section 2526, p. 1398)
66. Grant program for interdisciplinary training, education, and services for individuals with autism (Section 2527(a), p. 1402)
67. University centers for excellence in developmental disabilities education (Section 2527(b), p. 1410)
68. Grant program to implement medication therapy management services (Section 2528, p. 1412)
69. Grant program to promote positive health behaviors in underserved communities (Section 2530, p. 1422)
70. Grant program for State alternative medical liability laws (Section 2531, p. 1431)
71. Grant program to develop infant mortality programs (Section 2532, p. 1433)
72. Grant program to prepare secondary school students for careers in health professions (Section 2533, p. 1437)
73. Grant program for community-based collaborative care (Section 2534, p. 1440)
74. Grant program for community-based overweight and obesity prevention (Section 2535, p. 1457)
75. Grant program for reducing the student-to-school nurse ratio in primary and secondary schools (Section 2536, p. 1462)
76. Demonstration project of grants to medical-legal partnerships (Section 2537, p. 1464)
77. Center for Emergency Care under the Assistant Secretary for Preparedness and Response (Section 2552, p. 1478)
78. Council for Emergency Care (Section 2552, p 1479)
79. Grant program to support demonstration programs that design and implement regionalized emergency care systems (Section 2553, p. 1480)
80. Grant program to assist veterans who wish to become emergency medical technicians upon discharge (Section 2554, p. 1487)
81. Interagency Pain Research Coordinating Committee (Section 2562, p. 1494)
82. National Medical Device Registry (Section 2571, p. 1501)
83. CLASS Independence Fund (Section 2581, p. 1597)
84. CLASS Independence Fund Board of Trustees (Section 2581, p. 1598)
85. CLASS Independence Advisory Council (Section 2581, p. 1602)
86. Health and Human Services Coordinating Committee on Women’s Health (Section 2588, p. 1610)
87. National Women’s Health Information Center (Section 2588, p. 1611)
88. Centers for Disease Control Office of Women’s Health (Section 2588, p. 1614)
89. Agency for Healthcare Research and Quality Office of Women’s Health and Gender-Based Research (Section 2588, p. 1617)
90. Health Resources and Services Administration Office of Women’s Health (Section 2588, p. 1618)
91. Food and Drug Administration Office of Women’s Health (Section 2588, p. 1621)
92. Personal Care Attendant Workforce Advisory Panel (Section 2589(a)(2), p. 1624)
93. Grant program for national health workforce online training (Section 2591, p. 1629)
94. Grant program to disseminate best practices on implementing health workforce investment programs (Section 2591, p. 1632)
95. Demonstration program for chronic shortages of health professionals (Section 3101, p. 1717)
96. Demonstration program for substance abuse counselor educational curricula (Section 3101, p. 1719)
97. Program of Indian community education on mental illness (Section 3101, p. 1722)
98. Intergovernmental Task Force on Indian environmental and nuclear hazards (Section 3101, p. 1754)
99. Office of Indian Men’s Health (Section 3101, p. 1765)
100.Indian Health facilities appropriation advisory board (Section 3101, p. 1774)
101.Indian Health facilities needs assessment workgroup (Section 3101, p. 1775)
102.Indian Health Service tribal facilities joint venture demonstration projects (Section 3101, p. 1809)
103.Urban youth treatment center demonstration project (Section 3101, p. 1873)
104.Grants to Urban Indian Organizations for diabetes prevention (Section 3101, p. 1874)
105.Grants to Urban Indian Organizations for health IT adoption (Section 3101, p. 1877)
106.Mental health technician training program (Section 3101, p. 1898)
107.Indian youth telemental health demonstration project (Section 3101, p. 1909)
108.Program for treatment of child sexual abuse victims and perpetrators (Section 3101, p. 1925)
109.Program for treatment of domestic violence and sexual abuse (Section 3101, p. 1927)
110.Native American Health and Wellness Foundation (Section 3103, p. 1966)
111.Committee for the Establishment of the Native American Health and Wellness Foundation (Section 3103, p. 1968)
Is the cost of all this new bureaucracy included in the $1 trillion cost of the House Democrats latest version of Obamacare?
Posted by: Lincoln | November 2, 2009, 10:01 pm 10:01 pm
I have a stragity – Vote The Bums Out Of Office!!!
Posted by: Palin 2012 | November 2, 2009, 10:13 pm 10:13 pm
Everyone wants to blame Obama for the high unemployment….in the private sector, it’s not Obama’s or any other politician’s fault, they aren’t in charge of hiring. I think many companies have stripped down their work force, and are still getting by, but with lower employee morale, and having employees spread too thin. Most who have jobs aren’t trying to leave their companies. These corporate people are more concerned with the bottom line than they are the people who toil for them but that’s not any new news is it?
Posted by: unemployed lady | November 2, 2009, 10:35 pm 10:35 pm
I’m seeing a load of right-wing whiz-bang’s here who don’t have a clue as to what to do about the economy. That’s why we are in this situation to begin with. At least Obama doesn’t lie to people. With the right wing, you can’t tell truth from fiction these days. The Republican party is at it’s lowest in history. Read this stuff on here and you’ll see why.
Posted by: woodie | November 2, 2009, 10:42 pm 10:42 pm
I think he has done a great job so far. we have only used 1/3 of the second bailout package and produced 3.5% growth. anyone who has studied even remedial economics knows that there is always a lag between growth and job creation. this is an empirical fact. the previous administration took 8 years to send our economy into oblivion. If obama has 8 years, given his record so far, we will undoubtedly see growth and job creation
Posted by: Sean McDermott | November 2, 2009, 10:48 pm 10:48 pm
Palin spells strategy the same way as palin2012
Posted by: Sean McDermott | November 2, 2009, 10:52 pm 10:52 pm
I thought the stimulus and all the junk related to it was suppose to create a basket full of jobs? What happened there Barry…..duh?
Posted by: Are you serious | November 2, 2009, 11:07 pm 11:07 pm
Wall Street Jounal has proclaimed that Pelosi’s health care bill is the worst bill ever. This will cost us more money than we are currently paying. What kind of reform or better yet who is benefiting from this???
Posted by: bailedout | November 2, 2009, 11:18 pm 11:18 pm
I think that the stimulus caused the unemployment rate to reach nearly 10%. I firmly believe that if we had not expanded government debt to the extent that has happened under the Obama administration we would have seen real growth and decline in unemployment by September.I don’t believe that anybody in the White House has a clue as to how to manage the economy; none of their predictions have come true.Now they are lying about the cost of the Health Care bill-obviously it will never be as low as they claim,no government program ever is.I am beginning to sense that we are on the cusp of a Weimar Republic-type explosion of inflation and that the geniuses in the White House don’t even know what that means.
Posted by: Nephron | November 2, 2009, 11:25 pm 11:25 pm
Well what do ya expect… he promised us change. We thought he meant an action, in his mind it was more that we would be left with… namely those coins we are now rolling for food, gas, heat, etc. HEY what do ya say we REELECT all the GOP and DNC’ers and REWARD them for all this “success!?!”
If we are THAT stupid we deserve to be lead into the ditch by people like Obama, Pelosi, and there collaborators in the GOP. (I’m looking at YOU Insane McCain!) Can we vote the bums OUT… NOW!!! Huh? Can we??? Please, please, pretty PLEASE!!!
Posted by: jafo | November 3, 2009, 12:16 am 12:16 am
Keep flappin’ those lips, Obama…. it’s all you know how to do.
365 days to Democrat Judgement Day… Can we as a country survive that long???
Posted by: Fed_up_with_BOTH_Parties | November 3, 2009, 1:06 am 1:06 am
BTW, the Dems are going to get a sneak peak of what’s to come in 2010 later this evening… as many Americans get to participate in the only polls that matter, not having to wait to be asked.
Posted by: Fed_up_with_BOTH_Parties | November 3, 2009, 1:11 am 1:11 am
The right wing dodo birds seem ignorant of the fact there was a world-wide economic collapse on the last President’s watch – and this extreme economic situation continues. They attempt to present it as some EVIL Democratic concoction.
Try to get your noses out of your dog bowls and take a look around the world. Some nations (like the United States and others) have seen some small signs of recovery – but nobody is out of the soup yet.
Put away your grandiose nonsense and flatulent expectations – this is going to take time.
And quit demonizing the Democrats – your malicious fear and smear campaigns are ugly and they insult and degrade America.
You remind me of fascists doing a smear campaign on decent people.
Posted by: tierra | November 3, 2009, 1:20 am 1:20 am
Obama was in Congress 2 years before becoming President and voted yes for many of the problems we are facing. Also Democrats had control back then also..so quit putting Obama on a pedastal like he’s some higher power and the blame the Republican and Bush excuse is old……..Also Obama was the one people voted for not his radical, leftist administration.This will be his downfall. He will be remembered in history books for being our first black president and the president who bankrupted a nation..
Posted by: bailedout | November 3, 2009, 1:52 am 1:52 am
“He will be remembered in history books for being our first black president and the president who bankrupted a nation.. ”
_____________________________________
Nonsense, the worst will happen is he will be remembered as the one who took over after the economy crashed and burned on George Bush’s watch and after Bush had doubled the national debt to $10 TRILLION dollars, and embroiled the country in 2 wars . ..
What we, and the entire world, needs to make sure is that the world-wide economic crash actually recovers enough to support us all – and that is not a done deal, not at all.
Posted by: tierra | November 3, 2009, 2:06 am 2:06 am
There are many many different reasons we are in the mess we find ourselves in right now the biggest of which was going to war in two seperate countries at once without first looking at our check books.It has and continues to be the biggest drain on our economy and I understand why we did it,no one has forgotten 9-11 especially our enemies.
Posted by: Dan | November 3, 2009, 5:20 am 5:20 am
Automation, and the internet, while making life a whole lot easier is one of our biggest problems today as far as unemplyment goes. From online shopping, to automated checkouts in the grocery stores, to the factories, to the easy outsourcing of jobs to people in other countries, who work for pennies, to the kids who won’t get off the couch. I don’t have an answer, and use my computer as avaluable tool myself, but as long as we keep advancing? The job outlook isn’t going to get better. Whether here or at some point in the other countries who are moving forward?
Posted by: Parma Hts Gary | November 3, 2009, 7:16 am 7:16 am
Let’s see. With the economy on the “brink” the newly elected President goes to Nancy Pelosi and Harry Reid and tells them “start spending money we have an economy to fix.”
They do. They go back to the coffers of every shelved Democratic initiative and yank it up from the grave and put it in the in box of the Economic Recovery Plan.
The President flexes his ‘newly elected’ popularity and force feeds the bill through Congress and, just to show how really popular he is he tells Congress to pass it right now because we need to start spending that money right away. Congress never had a chance to even read the Bill.
Turns out the Bill doesn’t create jobs and now the President is up in front of us telling us that “we are not where we need to be yet” and adds “we have a long way to go.”
Translation: the Bill ain’t working.
Reason: It was never intended to do anything in particular to stimulate the economy – it was intended to spend money. It was never designed to create jobs – the authors don’t know how to create jobs and frankly never will.
Posted by: Lone Star Rules | November 3, 2009, 8:26 am 8:26 am
What to start job growth in the US….start supporting the companies here doing business, still making things for us.
Posted by: Dot | November 3, 2009, 9:47 am 9:47 am
“We remain a young nation. But in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.” – Barack Obama
“The right wing dodo birds seem ignorant of the fact there was a world-wide economic collapse on the last President’s watch – and this extreme economic situation continues. They attempt to present it as some EVIL Democratic concoction. Try to get your noses out of your dog bowls and take a look around the world. Some nations (like the United States and others) have seen some small signs of recovery – but nobody is out of the soup yet. Put away your grandiose nonsense and flatulent expectations – this is going to take time. And quit demonizing the Democrats – your malicious fear and smear campaigns are ugly and they insult and degrade America. You remind me of fascists doing a smear campaign on decent people.” – tierra
Ah yes, Hope & Change.
Posted by: Visualize Whirled Peas | November 3, 2009, 9:47 am 9:47 am
“we aren’t where we need to be yet”….Ya got that right, “we” need to be thrown out of office.
Posted by: mjishernameo | November 3, 2009, 7:49 pm 7:49 pm