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With the Obama Unemloyment at 9.5%--Where Are the Jobs? »
Posted By pc25 4 months, 1 week ago in Political Opinion
House Republican Leader John Boehner (R-OH) today released a new web video targeting Washington Democrats’ trillion-dollar “stimulus” bill and asking “where are the jobs?”
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pc254 months, 1 week ago
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http://online.wsj.com/article/SB124657739768489217...
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Tilting at Windmill Jobs
The 'stimulus' promised a jobless peak of 8%; it's now 9.5%.
About the best we can say about yesterday's June jobs report is that employment is usually a lagging economic indicator. At least we hope it is, because the loss of 467,000 jobs for the month is one more sign that the economy still hasn't hit bottom despite months of epic fiscal and monetary reflation.
The report is in many ways even uglier than the headline numbers. Average hours worked per week dropped to 33, the lowest level in at least 40 years. This means that millions of full-time workers are being downgraded to part-time, as businesses slash labor costs to remain above water. Because people are working less, wages have fallen by 0.3% this year. Factories are operating at only 65% capacity, while the overall jobless rate hit 9.5%. Throw in discouraged workers who want full-time work, and the labor underutilization rate climbed to 16.5%.-
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Dionys4 months, 1 week ago
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You mean with Obama still trying to help a country recover from the economic policies of the Bush era and collapse of the economy.. why is unemployment at 9.5%?
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I guess Bush's destruction of the country was as complete as the bankruptcy and destruction of all the companies he ran into the ground. Too bad the House of Saud can't bankroll a new America like they bankrolled Bushie's new companies all the time. -
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mesodude4 months, 1 week ago
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pc, let's take a trip down memory lane...Picture it: The "surge" for Bush's illegal war in Iraq. Now, were cons watching and counting as each grain of sand in the hour glass dropped when it came to giving the "surge" time to work? Exactly... Ya weren't... We heard cons blathering and barking "waaaaaaaaaaaahhh...No fair! All the troops aren't THERE yet so it ain't a real surge yet" and "noooooo...we need to wait until every single soldier is in Iraq and unpacked or whatever...before we know for sure that this is working...you liberals are so meeeeeeean!" In fact, I seem to remember you people supported endless war and non-stop funneling of billions of dollars to be spent to keep Americans in Iraq to die so you could have cheap gas and tax cuts. Only a fraction of the money for the stimulus has been distributed so far so you right wing weasels really need to STHU. First, you're bitching that he's spending money too fast (before he's even spent it) and if he actually DID spend the money quickly, you'd be bitching about THAT or waiting for the first opportunity to jump on "the government" for mismanaging our tax dollars. You got months and months and months while we waited for the "surge" to work so don't you f*ckups dare start crying when your farm animal Bush caused this crap pile up and left it behind. GET SERIOUS, cons. ;-(
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fiftynine4 months ago
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"The 'stimulus' promised a jobless peak of 8%; it's now 9.5%."...Where is a link to that ?
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It was widely reported ,before busboy left office that the unemployment rate would probably hit ten percent,perhaps higher.That was before the moron that caused the mess left..Do you understand that ?
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pc254 months, 1 week ago
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http://hotair.com/archives/2009/06/30/video-gibbs-...
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Video: Gibbs tells MS-NBC that Obama’s ready to take responsibility for economy
Gee, and it only took six months! Yesterday, MS-NBC’s Chuck Todd asked White House press secretary Robert Gibbs when the time will come to judge the success of the stimulus package Barack Obama pushed Congress to pass. Gibbs says we can start now: -
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pc254 months, 1 week ago
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http://www.wzzm13.com/news/story.aspx?storyid=1109...
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Unemployment system strains to deal with 14% jobless rate
Michigan's unemployment rate is above 14%, meaning 450,000 people in our state are receiving benefits.
Michigan's unemployment system is strained by the growing number of laid off workers. And things are getting worse, fast. In the recession of the 1980's it took almost two years for unemployment to climb from 10 percent to 14 percent. This time around, that jump happened in five months. -
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pc254 months, 1 week ago
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http://www.bizjournals.com/sacramento/stories/2009...
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Six California cities have unemployment above 15%
Almost half of the cities with 15 percent-plus jobless rates last month were in California, with El Centro at the top of the list with a 26.8 percent unemployment rate.
Yuba City had the second-highest jobless rate in the state at 17.7 percent, while Merced, Modesto, Fresno, Redding and Stockton also endured 15 percent-plus jobless rates, according to a federal report released Tuesday.
Sacramento-area’s jobless rate reached 11.1 percent last month, 2 percentage points below the modern-day record of 11.3 percent reached in March, according to the state Employment Development Department. But the capital region is faring better than many other metropolitan areas. -
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pc254 months, 1 week ago
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http://hotair.com/archives/2009/07/03/video-colin-...
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Video: Colin Powell suddenly “concerned” about government spending
Apparently Powells Obamagasm is over.........
Correction: He’s a “little concerned.” This from a guy who, not two months ago, declared that “Americans are looking for more government in their life, not less” and who even here responds to a clip of him speaking at the 1996 GOP convention by announcing, “I don’t like slogans anymore like ‘limited government’” — before proceeding to voice his worries about “additional government.” -
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nostalgia4 months, 1 week ago
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13 cities post unemployment above 15%
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9 of the highest are in California. An additional 93 metro areas are at 10% or more
June 3, 2009:
There were 13 unlucky cities with unemployment rates topping 15% in April, and another 93 saw joblessness climb above 10%, according to a government report released Wednesday.
Unlucky 13
In April 2009, 13 U.S. cities had unemployment rates above 15%.
1. El Centro, Calif. 26.9%
2. Yuma, Ariz. 20.3%
3. Merced, Calif. 18.3%
4. Yuba City, Calif. 18.2%
5. Elkhart, Ind. 17.8%
6. Modesto, Calif. 16.8%
7. Stockton, Calif. 15.6%
8. Bend, Ore. 15.6%
9. Fresno, Calif. 15.5%
10. Visalia, Calif. 15.4%
11. Redding, Calif. 15.4%
12. Hanford, Calif. 15.3%
13. Longview, Wash. 15.2%
http://www.time.com/time/nation/article/0,8599,190...
Notice these are the figures from April. Can you imagine what they are now?-
PetesakeComment removed: Hard Banned35 Replies
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k9kssr4 months, 1 week ago
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mesodude4 months, 1 week ago
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"The stimulus is not working. period. Nancy, Reid, and Obama got it wrong."
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--The thing is, we said that about the surge and cons bleated and bitched that Bush needed more time to bankrupt our country and grind our military down to dust. And that's exactly why your horsesh*t opinions about governing our country now mean absolutely ZILCH. -
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DenCuddy4 months ago
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Funds haven't even been announced yet for the NIH renovation grants (total $1 billion) , There was a June 17th deadline. these things need review and approval, do you want the gov to simply throw money in the streets? I guess that what happened to the $17 Billion lost in Iraq.
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CaptainLucid4 months, 1 week ago
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Damn government jobs. I mean like when my late mom or my dad has health problems I get some goddamn government employees showing up in an ambulance which I am sure my tax dollars paid for. If someone is sneaking around my place I get some damn government employees showing up in a black and white and I am pretty sure my taxes paid for the car and the lights on the roof. I pay taxes because I want public services.
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bubba24 months, 1 week ago
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I am also wondering where those jobs are, and I am very concerned about it, especially since I have been out of work since April 3.
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I am not satisfied with what the administration is reporting so far, and other reports have noted that only about 10% of the stimulus has been spent directly on items that will create jobs.
But, to say that the stimulus bill is not working as planned is NOT to say that Obama is "TOTALLY" responsible for the current economy.
The Obama administration inherited an economic MESS built up during the Bush years.
While the Bush administration is not "totally" responsible for that mess, they most definitely were the main contributors to it over the last 8 years.
So, for you to so quickly judge after 5 months in office that Obama is "TOTALLY responsible" for the current economy really is fallacious.
It took YEARS for the economy to collapse, starting in mid-2007. It will take YEARS for the economy to recover.
Is the stimulus packaging helping or not?
So far, I am not impressed - I am concerned and worried, and I want to see more results and more accurate information from the bill and from the White House.
But, It really is too early to make 'final' judgements on the impact of the stimulus and other actions by Obama and the current Congress.
I would wager that if Obama were a Republican (or it was McCain that was in office), whatever actions were being taken that you disliked would not be judged so quickly.-
libsRfunnyComment removed: Hard Banned6 Replies
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engineer4 months, 1 week ago
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The new federal budget just came into place on July 1st. None of the new administrations ideas could really be put into place before this. Bush's stuff was still there. What's more Bush's commitments are still and still will be there for many years. Of course PC@% will look for anything to knock the Obama administration, while never knocked the Bush and the GOP which brought us to this point.
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1. Bush started an unjustified war
2. He gave tax breaks to the wealthy.
3. He signed a medicare bill which said the government could not negotiate drug prices.
4. He encouraged outsourcing.
4. He gave most favored nation status to China, which is run by one of the worlds most repressive regimes.
There are more things, but PC25 wuill go on with Neocon rant.-
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beavith14 months, 1 week ago
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mistaken, my good fellow engineer.
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1.) i disagree, but i'll throw you a bone.
2.) no.
3.)baloney.
4.) 'outsourcing' is not a federally controlled activity.
your other 4.) and one that is inextricably linked with our economy
its not a 'neocon rant' if they disagree with you. -
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jimdoze4 months ago
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1. Justified and not unwise. Has so far saved the world from WWIII at a lower cost in American lives than the battle for a 2 mile long by 8 mile wide sandbar then called Iwo Jima.
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2. Abject Nonsense... as the number of people who don't pay income taxes approaches 50%.
3. By signing a medicare bill, he threw a bone to a constituency he was never going to capture anyway because the Dems can always throw a bigger bone. Never should have been signed.
4. More nonsense. Outsourcing is what wise business people do when the cost of producing and delivering a good or service outsourced is dramatically less than the cost of producing it insourced. Outsourcing has improved the lives of humanity by multiples more in the last decade than all of the foreign aid in the history of our country.
What brought is to this point, economically, was 50 years of increasing government support of real estate and mortgage markets which produced an economic bubble that finally popped... something that all bubbles do. For every instance you may cite of the Bush Administration not protecting the country from the bubble popping, I'll cite you two of congress protecting and piling on additional mandates to exacerbate the bubble.
You may call me a neocon if you insist. What shall I call you, a Neville-pacifist head-in-the-sand Luddite?
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billcorno4 months, 1 week ago
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The Republicans got us into this mess. They should just "sit on it" for at least a year, if not eight, as far as I'm concerned.
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For any Neocon to criticize the Obama administration is like the officers of the Titanic criticizing the survivors in the life boats, I think. And those officers want the life boat leaders to fail. (At least the real ones went down with the ship...) -
libsRfunnyComment removed: Hard Banned1 Reply
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jakesguile4 months, 1 week ago
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Obama unemployment at 9.5%?.... Really? Really PC?
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You know? I... I think that this is Bush unemployment... yeah... I'm pretty sure actually.
But you know? Honestly? I didn't know unemployment belonged to anybody, I thought it was a state of joblessness that represented the country as a whole, not deligated to any one person. I thought that was Econ 101. Did your teachers know something the rest of us don't? Quickly, let's get them into positions of power so they can fix our 'conomy!
I'm far far FAR too busy here watching Ow, My Balls! -
beavis617bComment removed: Retracted by user
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JohnGault4 months, 1 week ago
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Why do people think that the President can control the unemployment rate?
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There are so many moving parts in the economy, to try an think you can control it is impossible. There are a few things you can do to promote growth, but you have to wait for the market to react.
For the record, the stimulus bill was an immoral act. If at the end, we can say that we are energy independent, I would say it is worth it, yet not enough is being done in that regard. An no Cap and Trade is not the answer. -
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automan9094 months ago
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Obama overnighted the Stimulis bill without even reading it saying he was in a hurry to pass it.
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It still has not been spent.
What was the rush and why didn't we have time to read it?
Now Cap and Trade will have jobs flying to China so fast your head will spin.
Maybe one of them will be yours.
Employers will be fined 750.00 per employee if they don't provide health insurance.
That's not exactly a job booster either.
You can't blame Bush on those blundering ideas.
Those are all on the Messiah.
I guess that's why you are all called Dumbocrats. -
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NoWayMan4 months ago
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anyone who thought Obama could fix all this in just 5 months is an idiot.
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in two years, if things look the same, if unemployment is above 10%, then you fools will have a legit gripe.
but right now, you just sound stupid if you're complaining about unemployment as if Obama could do anything to change the way it is at this point.
whats happening now is the consepquence of many years of bad decisions, piled on top of each other. it took us 8 long years to dig ourselves into this deep deep hole. its going to take us awhile to get out of it.-
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BB644 months ago
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Hold on. He and the Dems in congress claimed his stimulus package would save our economy. When we asked about why it had to be rammed through, we were told it would stop the job losses at 8%. So that tells me he and his administration has no clue what they're doing. Most are college professors, teachers, or lawyers. Most have never run a business. So what's his next trick? Another stimulus program? Another SNL skit on how Palin isn't qualified? Like he's the "greatest" president. Then again, if it wasn't for Obama, Jimmy Carter would have remained the worst president ever.
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