Summers: Job Growth By Spring

George, guests and the round table talk about jobs- but fail to talk about a leading issue. 125,000 new visas are issued for foreign workers to work in the U.S. every month. The Obama administration reduces work place enforcement of immigration law. This allows foreign workers (illegal immigrants) to hold jobs that could be filled by Blacks and other hard pressed Americans.

Man, that Larry Summers sure has shifty eyes – what did he keep looking to his left for? Advice from offstage? pretty girl flirting? I had to shut it off it it was so weird. Hard to trust a guy like that.

Didn’t the Obama administration say we would have 600,000 jobs by las summer?
3 million jobs would be created with the stimulus?? OOPS !! Now we are suppose to believe what that jobs will come by spring?
Sur they are !!! Summers is part of what is wrong with the Obama administration.

Chance the Gardner also predicted there will be growth in the spring. Summers is the same guy who, along with others in the Clinton White House ignored Brooksley Born when she warned them about derivatives. The rest is history.

The industries are gone to slave source in India and China. The jobs aren’t coming back! The third worlding of America is complete thanks to 20 years of fools in Congress and in the White House.
— Regards, The Old Prospector —

Wow, you guys really hate this guy. I havn’t liked him since the Clinton Days and have to agree with everyone who has posted. Yeah, we’re going to see the dollar rise momentarily, just before everyone else rushes in to grab the profits. Then watch the dollar fall off a cliff. Just follow the price of gold. By this time tomorrow it will be around $1000 an ounce. Next month it will be $2000. And what do you think the effects of this will be to your savings? Cut it in half, baby!

Yeah and Harvard’s endowment will recover by spring too…. How can anyone believe a guy who was so reckless? Easy to make statements that impact other people’s money…. My husband has a small business and will do nothing until he knows the impact of Healthcare reform and cap n trade…. if those pass…he is won’t cant do the things he needs to do to hire back people

These people have no consciences. Christina Romer did the same BS on Meet the Press. Summers and Romer are supposed to be cold-bloodedly objective economists, but they just keep doing Obama’s talking point bidding, aka, lying.

this is an interesting theory- the recession being over. even more interesting is that in all the businesses that I deal with- all of them feel the recession will be like this for many more years. Their capital expedatute and hiring plans reflect this.

Summers is Obama’s “Baghdad Bob” and will continue to say that the recession is over until someone actually believes him.
Stephanopolous is still a Clinton hack, as is ABC.
The only thing that will solve this is putting the incentive to work and make a profit ahead of relying on government for every breath of oxygen that we take.

Just look at the jobless and know the truth. Just look at the “debt which had nothing to do with lifting any ships”, but lined the pockets of the Obama’s friends and other marxists. Where are our manufacturing jopbs? where are our factorys? EPA now has more control on us than ever before. What the Hell are you talking about and worse, what are you smoking in that little clay pipe. Oh, forget it you forgot the song.

When all of those people we hired for the Christmas season get laid off in January the unemployment figures will probably reach 11%, then by spring when all of those extended unemployment stop then you will be able to manipulate the % and LIE about the actual jobs figures, WHO YOU TRYING TO FOOL.

If Summers says things are going better, you can bet your donkey that Obama will do something immediately to screw it up. Nothing the Marxist has done so far has been correct.

OH, great. Then why another 1.1 trillion dollar stimulus? Did’t they need to hurry and pass the original 878 billion stimulus so unemployment would not go over 8%.
As the unemployed fall off the collection rolls unemployment will simply appear to go down. The real number is over 17% right now.

anytime someone states, “…everyone agrees that _______ (fill in the blank – the recession is over, the check is in the mail, those pants don’t make you look fat…)”, they’re trying to convince you of something. And given Summer’s track record, I’m suspicious of pretty much anything he says…

“125,000 new visas are issued for foreign workers to work in the U.S. every month. The Obama administration reduces work place enforcement of immigration law. This allows foreign workers (illegal immigrants) to hold jobs that could be filled by Blacks and other hard pressed Americans.”
I can’t find this to be true, what is your source?

Would ANYONE in this administration care to give some DETAILS about this job growth they are sqawking about? “We’re going to see job growth by spring” doesn’t cut it. Tell us where this growth will be, what sector will it be in, what kinds of jobs, what kind of pay, will they be long term jobs, what will the requirements be (education, previous experience, etc.), will these jobs require people to relocate, how will they be paid for (yet another “stimulus”)? There are ENTIRELY too many questions and not enough explinations to go with them. I realize what they’re doing as far as passing the potato to pacify the public for “a few more months” by looking foward to all those new jobs, but the excuses and procrastination are getting old, as is Obama’s “I inherited…” excuse. He DID NOT inherit anything. He ASKED for it when he decided to run for and take the office of President. It was his decision and his words on the campaign trail that he would bring about “hope and change”, so he KNEW what he was getting into. As far as the “inherited” line, they need to drop it and drop it fast. Start facing up to their shortfalls, tell the American people some TRUTH for a change, quit whining about Bush and DO SOMETHING. It just makes my head explode.

This is the guy that cost Harvard billions! Remember, business what his with a huge tax increase just last July (called the minimum wage hike) that it is still adjusting to – and reeling from. The fix is in, however, with the govt. union employees who will fix the books to show an increase in jobs. And also remember the ABC was silent when employment hit an all time high under President Bush in 2007. Where was the optimism then? No secret: the media are Democrats.

Larry Summers did NOT impress me.

lies lies lies and more lies. In spite of what you see around you , you are supposed to believe the antiCapitalist Obama adminisrtation. Impeach them all tomorrow. Then we will see a rebound in our economy.

Maybe we should all move to the planet Larry Summers lives on!

So, does Larry have a plan for clearing the bad debt from the system? Without that, there will be no recovery of a sustainable nature. It’s the debt stupid, and time is running out.

I feel that the problem with this whole economy. Americans stop working for low wages and lived the good life of other job growth in the past. Now its over and now those that will work for nothing like minimum wage from other countries who made nothing where they lived before are taken what jobs that are available through low wages. There should be oppourtunities for everyone, IF their a citizen of the United States! Those that live here on green cards, ect and are not citizens, taken the steps to be American, then they should go to their own country and support their own country!

What a joke. Due to the bills in congress and where all the tax money is going to come from very few, if any, will be re-employed next year.

The unemployment went down becasue the numbres were gathered during the week of Thanksgiving and the offices were closed for two days. If we want to bring unemployment down to zero let’s shut down the unemployment offices completely! You’d think a guy as smart as Summers would know this.

Amazing three years ago they wanted the recesion to be here sooo bad now they want it to go away. MMMMM MMMMMMMM MMMMMMMMMMM

Ok so where are all these people going to work as we sent most of our factories out of the country.
Supprt Globalization and learn to work for less; if at all!

Summers is joke. This administration is spending into bankruptcy so fast it makes Bush look good. Did George ask him about the 2 billion of Harvard’s money he lost in Derivatives? I bet not. Just more of the same old don’t worry be happy form the Chicago mob in DC.

The only reason jobs dipped down to 10% instead of 10.2% is due to the temporary jobs that the holidays have created.

Larry Summers is the Economics community’s equivalent to the advocates of the UFO community. Where will all the jobs be Larry, Area 51?

Larry Summers is to finance as Al Gore is to global warming. Both claim that things are settle and there is no dispute about it. Both lie.

I’m glad that George and Larry are optimistic but please tell us why. Saying a drop in the unemployment from 10.2 to 10 doesn’t by itself indicate anything.

Jobs by Spring? We only have 107 TRILLION dollars in unfunded liabilities facing this nation. The interest alone cannot be paid – never mind the principle. By the way – those debt values are in today’s dollars. Any increase in interest rates, loss of AAA credit rating, poor debt auctions will wreak havoc (all of which are likely). There is no recovery. There will be no recovery. This economy cannot be rescued with this kind of debt. Hunker down folks. It’s only going down hill from here.

“Isnt this the same idiot that recently cost Harvard a billion dollars in losses after investing in hedge funds?”
No, Tammy. It was nearly $2billion.
Nothing wrong with investing in hedge funds. There is something wrong with making all the wrong moves, with multi-millionaire almuni, who actually went out and made their own money, screaming in your ear that you’re seriously hazarding the university’s operating funds. But ignoring them because you’re an ivory tower and tenured Hah-vahd economics professor.
Now this clown who mismanaged his university’s investments is making predictions about the future that I’m supposed to take seriously?

Summers represents the problem, not the solution.
This is not a Republican/Democrat thing. This is a class war. The democrats and the republicans are both corrupt to the core. There are damn few exceptions. The elite have been screwing the middle class and the lower class since 1913. End the Fed. Investigate 911. Reform campaign finance. Eliminate lobbyist. Abandon the false 2 party paradigm.
The recession/depression is far from over. Summers is as much of a crook as Paulson and Geithner are. They are all in it together. Wake up and smell the coffee that you can’t afford.

Let’s see . . . George – former insider Democrat – has on a guest who is a failure at investing and predicting economic models to prop up the current Democrat administration.
Do these people really think anyone with a brain takes them seriously?

so un-employment dropped last month????
does that take into consideration short term seasonal hiring for the holidays?
seems like november there are lots of 2 month jobs opening up.
i hope the un-employment rate does go down by spring..

What a joke. This comes on the heels of the House passing the biggest regulatory bill in the history of Banking. The Banks are going to freeze solid. They already have had to repossess huge amounts of vehicles and homes (www.repofinder.com) due to defaulted loans. The job market is tied to the credit markets…and Barney Frank just killed banking as you knew it.

Jobs will only grow by summer in the Obama Administrations MIND. When your government lies about things like Nov jobs losses can you trust anything they say? Obama Admin says for Nov job losses were 11,000. Trim Tabs, an investment company that tracks how much money actually came out of employees pay for taxes, etc. says the Nov numbers reflect more like 215,000 job losses.

I don’t believe anything that comes from the lying Obama administration. It is all propaganda for a group of Chicago gangsters! Obama lied about everything to get elected and is in the process of destroying the United States and all it’s freedoms.

bet you miss President Bush now

Jobs by spring heh? What freakin’ year?

Jobs by spring and a chicken in every pot, a car in every garage, and uh…. sorry wrong depression.

Summers’ body language says more truth than his mouth. It just jumps out at you. It is hard to miss.

Unfortunate that Dems have complete control of government until at least 2010 elections, and so essentially can do as they please. Which Dems apparently intend to do, regardless of the 60% of Americans polled who are opposed to the current health care reform bills, cap and tax, EPA fiats on CO2 emissions and additional stimulus spending. Just hope the country isn’t too far gone before sanity is restored.

I am not sure quite how to tell them this, but most employers are planning additional layoffs in 2010 to stay in solvent ahead of increased taxes and regulation. Obviously the clowns in Washington are out of touch with business.

Larry Summers-The recession is over
Christina Romer-Of course the recession is not over…
On the same day. These are the people running our country.

FDR used bailouts to get the country out of the Great Depression . End result : He extended a depression to 16 years ! One that many projected would be over in 3 years ! And the hopeless socialist bureaucrats of this crumbling nation think it will work again ? NONSENSE ! They know it will not and could care less . Global warming , govt healthcare , the patriot act . All to destroy what we love and commit to a one world govt . Pray not but keep your eyes open . Copenhagen Denmark , Barry is gonna sell us down the river !

Wait until Christmas is over and all the people on temp seasonal work file for unemployment!
Obama and his quack job economic are fooling themselves and you!

who the hell are these people trying to kid??

If you do not agree with me then you can go get one of the parasite work assignments at in the Government that pays twive as much as the average American makes. There is not a single work assignment that the government has that should pay more than about $2 per hour. I would exclude the military, Border Patrol, Customs.

The man is obviously lying – he neither believes what he says about jobs or the economy and he is scared, very scared.

He is telling the truth – Job growth will happen in the spring when the Government hires millions of community organizers to perform the census. Recession is over – job growth is positive – Stay tuned for future historical Obama achievements – stimulus is working – Obama pays off $14 trillion debt based on future Peace Prize Awards – Federal Government employee will be reduced by 50% – Madam Boxer agrees that Climate Change has stabilized and Cap and Trade is not required – USA becomes energy independent by building 1,000′s of Nuclear plants and opening up all oil reserves and off shore fields to unlimited drilling – It is truly a HISTORICAL turn around – Coming Soon to a your local Federal Movie House by 3D Technologies (Dumb Dependant Democrats). We are so screwed!

Yes, and I have some Beach Front property to sell you in Idaho too.

The recession is over for government workers, average salary $71K. They are getting a pay raise. Disabled Vets, SSN recipents, etc, sorry, no inflation baby. A year ago my once a month trip for staples to the grocery store cost around $225. Now it is $345. No inflation baby. 2 whoppers, a fry, a onion ring, a drink, guess what? Almost $12. No inflation baby. This train wreck will be over by 2012 – with martial law and ‘occupation script’ instead of dollars. They are amassing more debt than the current population can even pay interest on.

By spring huh? Oh that’s right … the 2010 congressional elections are just around the corner; seems the economy always perks up close to election time.

When you lie your eyes look to the left and down. Obama needs to take Larry Baby off TV. Watch Lie to ME Fox TV Mondays at nine. The proof is in the Pupils!
Denny Baby

We all need to apply for jobs with the feds. 20% make over $100,000 a year. Nice work if you can get it. And they are still hiring!! Don’t need to be intelligent to apply either. And a raise every year. Small problem though. If we all go to work for the gov’ment, who will pay our salaries if there are no longer any producers to tax? Tax ourselves to pay our own salaries? Logical? Not very.

that’s garbage.the recession is far from over.maybe mr.summers wants it to be over so the banks can stop crying for more money and start to stand on their own two feet again but it’s no where to being over.the gov’t should never have bailed out big business and the banks.they should have just let all of them fail so they could understand that what they did/do to the american people is unfair.
may i remind mr.summers that if the banks and big buisness were not so greedy this depressed economy would not have happened in the first place.
from what i have read by most economists is that 2013-2016 looks to be the year by which the u.s.economy will start to come back to life.in the mean time unemployment will rise and forclosures will continue.the poor will get poorer and the rich will get considerably richer.eventually the middle class will cease to exist and our economic base as we know it will be virtually gone.it’s sad how mr.summers is living in a rose colored bubble.he is surrounded by wealth and has no idea what it’s like to be poor and strugle his whole life or if he was he has long forgotten.

That’s great, the recession will be over and now we have trillions in stimulus debt to settle over the next 20 years. I feel like I just took out a $300,000 high interest loan to pay off my car.

The recession is over? Tell that to the homeless in the Obamaville Tent City.
Economics = Epic Fail

Without a strong manufacturing base as once existed in this country, our standard of living has and will continue to decline. Many young college grads are working in restaurants, if at all. As technolgy replaces the need for human employees, there is no job growth. All the import cars purchase transfer our wealth to the manufacturer’s home country. Inasmuch as a car is the 2nd most expensive purchase most people make, all this money is permanently transferred overseas. Then people wonder why this country cannot ‘rebound’ economically in both the short and long term. This administration main focus should be on the creation of permanent jobs that provide a substainable wage. Health care and emissions plan are secondary concerns when one doesn’t have money for food. Common sense, but that’s in short supply these days.

im too worried about rheumatoid arthritis to care about the economy

Jobs? Where? There will not be job growth by summer. Does anyone see what congress is doing? You cannot pass a what these people want to pass and expect growth. Will not happen. They are saying this to keep you spending and getting deeper in debt so when you lose your job you will have to depend on government.

Obama ripping disparaging Americans again – what a punk.
Jobs “saved” is a cynical political scam created as a smokescreen when billions were handed out to State governments and social workers that supported Obama, THey held back a huge chunk of the stimulus to spend this year and this portion should in fact be used to create actual jobs.
What the
american people will sadly realize is the government can spend money to fix a bridge but that is not what drives this economy – again, another cold calculation geared to 2010 elections,
how sick is that?
I agree with the comments on
Summers shifty eyes – he also falls asleep in their meetings. If that happened in corporate America, the guy would have been FIRED!

With new taxes to fund healthcare, with higher energy costs due to CO 2 mandates and legislation, with more unionized workers, hence, higher wages, there will be jobs by spring. The only problem is that the place that they will be created is in Mexico.

to quote kevin…”Isnt this the same idiot that recently cost Harvard a billion dollars in losses after investing in hedge funds?”
Yes it is, are we really that foolish as to listen to him again?

Just want to “ditto” Tom Kramer’s comment:
No self repecting employer would dare add to there payroll when the uncertainty of the future is preavlent. Health Care Reform, Climate Change Legislation (Cap N” Trade), the sunset of Bush tax cuts and taxes and tax increse talks coming from every angle. You would be foolish to invest in your business now with these creeps running the show.
And add to it: The threat of increasing tax burden form all taxing authorities; Huge national debt; too much money has been printed; leading to the threat of inflation and higher interest rates ala Jimmy C. “stagfleation”

What moronic comments– As if deregulation is the answer– Try saying
Worthless Credit default swaps three times fast. Govt. regulation is a necessary fact– the fact that anyone can believe letting the private sector have its way is good for all- Go ask the banks who were sold worthless derivatives. Go ask the millions who were injured when the car companies fought seat belts- Go ask the many who were injured in accidents before insurance coverage was mandated. The GOP/Socialist takeover mantra is a lie. They spew that misinformation to a bunch of inbreds who collect Socialist Medicaid/Medicare -Social Security-Use State run Socialized schools to teach their kids and drive on a road system paid for by the Socialist redistribution of taxes. There’s no Marxist takeover–that’s just the Ghost of RNC Scrooges reselling the same old tired fear phobia.Deregulate-Deregulate- Tax cuts for the Upper Class- trickle down Reaganomics.Clinton left a surplus– Bush left a mess!!!

Interesting… when so many of us productive individuals have decided this is a good time to dissolve our businesses and lay off even more employees. (esp. not renew health care licenses) There is simply no longer any incentive to work for a living or contribute to society. Taxes too high and too much bureacracy. Every thing we once worked for looks like it will be free, esp. if some form of health care passes. Society needs people like us us more than we need society.

George is a Hack for Obama… This is his “Bottom Line” That Summers is the Oracle and what he says is gospel? Summers cost Harvard Billions and he is advising our countries economic policy… George and ABC have become a mouthpiece for the administration… State Run Media…

I don’t even know why I bothered to read this…just more Lies.

These people are lunatics as well as liers. How in the world can you have economic growth while they are sucking money out of it and putting it into liability spending such as government programs? why does the news media allow these people any credibility? How about asking them some questions like maybe they can explain what a saved job is and how they calculate it? or How do people get hired when companies are going bankrupt? or why continue the same thing that is creating the economic slump…spending? or Why are they expanding unemployment compensation if it is improving? Not hard Questions. But maybe it is for the news media of today.

He is deeply wrong. These are all the SAME folks who got us here. This system is too complex for such ruinous intervention by these fools. The worse really is yet to come.

How many more self-contradictory statements does this administration have to render (Summers vs. Roehmer) before you guys realize that this is an ‘Administration of Amateurs’who are learning as they go?

Here’s a novel idea… Try to build something using …CASH…. All credit has done is put a unrealistic value to things…Like idiots believing a 40 year old pile of crap bungalow that cost 15,000 is now worth 650,000 and will be worth 750,000 .(now the housing crash) DUH.. Or like you can afford a new 36,000 caddy … Why because you can make the payments ..Total equity loss about 26,000 + interest… And medical … hey if there was no insurance or government medicare or medicaid. what would the cost be then .. You know …like what would the market bear ..Yea ..a hell of a lot less.(like up to the late 60′s when the doctor was like part of your family and made house calls .. even during the Asian flu PANDIMIAC)…Yes I know these comments hurt your feelings …But the sooner reality takes hold the better it will be for all.. The modern business model if we get enough credit just think what we can due.. (what about gambling your own money, then you will be a little more comited to what your doing and less about what you look like to others)…But it this modern model falls apart now and will be a disaster when interest rates head back up…And one more point Living in la la land .. with a “boiler room” stock and commodity market thanks to TARP money funneled in by “investment banks” will not give you a secure retirement..Get out while you can.

Profits come before jobs and the economic leftovers called jobs for the simple americans is only after extreme profits in Wall Street, automation and offloading to anyplace outside the USA is already done. If threats from the public occur, private paramilitary security should be sufficient to eliminate the unemployed and homeless from interfering.
Since the banking and wall street bailout in which some did not agree with and were prepared for, it will now take a bit more time to make happen the worshipping of the golden gods of the world and forget being so nice and dumb for nothing. If immortallity happens, hell can wait forever if true.
Greed is the orgasm of the rich.

Isn’t he just referring to the once every 10 year temporary employment of about 800,000 low wage census takers?? It easy to predict employment growth when you know the government is hiring that many people temporarily. What about REAL long term job growth? Where is the media on this???

This President has no one with practical experience at creating jobs. Not a one of his nerds from Academia has ever met a payroll or balanced a budget. The very arrogant Larry Summers lost over 1 BILLION dollars of Harvards investments when he put it all in Hedge Funds and Mortgage Backed Securities, against the advice of experts. And this bozo is Obama’s Chief Economic Advisor?? No wonder our country is going down the tubes and people are ready to march on DC with Pitchforks! They need JOBS!! And these clowns are not inspiring much confidence! Obama’s numbers are down to 44% today. How much lower can he go and still be believable? This Narcissist should have given himself a D for DELUSIONAL, instead of a B+. What a freaking joke!!

Two stories with conflicting results. One says the recession is over and the other says of course the recession is not over. So shich is it? I will say that personally I not only think it is not over but will get worse.
Vote out democrats in 2010 and 2012!

Larry Summers has been drinking his bath water again. He has the credibility of the Iraqui General during the first Gulf War, that kept saying, we are killing the US Forces and they are retreating!!!!Larry, Larry, Larry… the truth is so much easier to keep track of.

A flaming liberal predicting job growth just ahead of the midterm elections. Hmmmmm

This guy is completely clueless… what a bunch of bull. Support for small buisness… pat us on the shoulder while stabbing us in the back… All bills are suppose to be about jobs.. yeah right! isn’t that what the orginnial stimlus bill was suppose to do? “needed it right away for Shovel Ready jobs”

Summers is an ever-educated, political hack and scoundrel.
We have let government rule the education world and then end result is a bunch of dolts. Everyone needs to go to college – manufacturing is bad. Manufacturing destroys the environment. Go into service – work for govt. We have traded our personal and national independence into servitude for the state. What fool wants to produce products in this country. The Feds & States have made it no longer practical to manufacture in this country. The over-educated populace no longer thinks, but merely nods their collective heads. The death march started in the early 1900s and the final round of nails in our coffins began in the 1970s. Don’t belly-ache about big business – they are a reflection of big government that grants them protection.
Production leads to wealth (aka – see Asia, see US at the turn of the 20th century)

Great Larry. Since you are using your crystal ball could you pull next weeks lottery numbers out of it too? I could use a little extra cash for Christmas since I have no job yet.