Tag Archives: Jobs

Obama’s Planned Jobs Summit Faces Harsh Stimulus Reality

Dear President Obama,

Here’s a little reality for you. If you and your administration knew anything about creating jobs , you would have done it by now instead of holding a phony jobs summit as unemployment is at 10.2%. First, government doesn’t create jobs…except government jobs that is. Second, if you continue to tax the wealthy and small business owners, unemployment will continue to rise because they will not be able to afford to keep their employees. Third, GET OUT OF THE WAY! You are the cause of this situation. Stop blaming the “former administration” and just back away from these destructive job-killing bills. Either you are doing this on purpose or you are completely ignorant of how the economy actually works? Which one is it Mr. President?

Sincerely, your friends at ConservativeThinkers


President Obama’s announcement came with unemployment at a 26-year high of 10.2 percent despite the president’s repeated touting of all the administration’s efforts to create jobs.

President Obama’s announcement Thursday of a December jobs summit aimed at synching job growth with massive government spending has provoked cynicism among critics who believe the president is more interested in burnishing his reputation than tackling rising unemployment.

“I think the purpose of the summit is basically just public relations, is to try and convince people that the administration is doing a good job,” Harvard economist Jeff Miron said.

Obama’s announcement came with unemployment at a 26-year high of 10.2 percent despite the president’s repeated touting of all the administration’s efforts to create jobs.

“We’ll gather CEOs and small-business owners, economists and financial experts, as well as representatives from labor unions and nonprofit groups to talk about how we can work together to create jobs and get this economy moving again,” he said Thursday.

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Filed under Barack Obama, Unemployment

Dismantling America Will the country wake up before it’s too late? You can’t say this author is racist.

There are not many people as brilliant as Thomas Sowell. He tells it like it is and makes the complicated simple. He speaks about the President’s policies without having to be labeled a racist. This is by far the best wake up call of the day.

Thomas Sowell

Just one year ago, would you have believed that an unelected government official, not even a cabinet member confirmed by the Senate but simply one of the many “czars” appointed by the president, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent?

Did you think that another “czar” would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers — that is, to create a situation where some newspapers’ survival would depend on the government’s liking what they publish?

Did you imagine that anyone would even be talking about having a panel of so-called “experts” deciding who could and could not get life-saving medical treatments?

Scary as that is from a medical standpoint, it is also chilling from the standpoint of freedom. If you have a mother who needs a heart operation or a child with some dire medical condition, how free would you feel to speak out against an administration that has the power to make life-and-death decisions about your loved ones?

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Romer: Impact of stimulus will level off

Level off? I thought they said that only 14% of the money has been spent so far. Oh Christina, I wish you the best in your job search, although failure seems to be a resume enhancement for Democrats. I have an idea. The original stimulus was $787 Billion. Let’s subtract the $194 Billion already used and take the $593 Billion which is left, divide it the 250 million or so working people and give each of us $2,372. Now that will stimulate the economy.


I only lied thiiiis much

I only lied thiiiis much


WASHINGTON — A top White House economist says spending from the $787 billion economic stimulus has already had its biggest impact on economic growth and will likely not contribute to significant expansion next year.

Christina Romer, the chair of President Barack Obama’s Council of Economic Advisers, said Thursday that the $194 billion already spent gave a jolt to the economy that contributed to growth in the second and third quarters of the year. She told a congressional panel that by the middle of next year, the impact of the stimulus will level off. Romer said spending so far has saved or created 600,000 to 1.5 million jobs but warned that unemployment will remain high, above 9.5 percent, through the end of 2010.

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Filed under Economy, Stimulus Package

Wages tumble toward 18-year low

Hope & Change, Hope & Change, Hope & Change…


A bad economy and low inflation are starting to drag down wages for millions of everyday workers and freeze benefits for millions of retirees. Average weekly wages have fallen 1.4% this year for private-sector workers through September, after adjusting for inflation, to $616.11, a USA TODAY analysis of Bureau of Labor Statistics data found. If that trend holds, it will mark the biggest annual decline in real wages since 1991.

The bureau’s data cover 82% of private-sector workers but exclude managers and some higher-paid professionals.

“Wages are usually the last thing to deteriorate in a recession,” says economist Heidi Shierholz of the liberal Economic Policy Institute. “But it’s happening now, and wages are probably going to be held down for a long time.”

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Filed under Barack Obama, Economy

First hard stimulus data finds 30,000 jobs saved or created

OK, first of all, I don’t buy the numbers, but I’m willing to humor the less than honest members of the Obama Administration. 30,000 jobs created out of the 3.4 million which were lost since the so-called stimulus was passed. How many of those jobs created are government jobs? 9.9% unemployment and climbing. Can anyone say 2010 elections?

The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.

The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.

“All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.

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Filed under Joe Biden, Stimulus Package