Posted on 01/27/2010 12:26:08 PM PST by JohnRLott
The major focus of President Obama’s State of the Union address tonight is expected to be on jobs. But as he pushes for more of the same solutions to get folks back to work maybe we should ask how well his policies have been working out after his first year in office. The White House recently announced that during the president’s first year between 1.5 to 2 million jobs were “saved or created” by the stimulus. When the December unemployment numbers were released, Christina Romer, President Obama's chairwoman of the Council of Economic Advisers, pointed out that while jobs were still being lost, the rate of loss had slowed dramatically. "In the first quarter of 2009, when we first came in, we were losing on average 691,000 jobs per month. With these new numbers in the fourth quarter, we were losing 69,000 jobs," Ms. Romer claimed. . . .
But this figure indicates that any change in the number of new people being unemployed is more than completely offset by people leaving the labor force. . . .
(Excerpt) Read more at foxnews.com ...
Nice work.
I don’t have to be an economist to see that there’s no way to measure ‘saved’ jobs. On the ‘created’ side, those jobs are in government. Obama’s ever growing government expansion.
WOOHOO!! I don't have a sucking chest wound, I've only been shot in the stomach..bleeding much slower is really beneficial to my health..
Liberals=Idiots
The Truth! ! ! ! !
Jobs have been lost in the trade winds for the last 10 years. Neither party wants to talk jobs.
An interesting speculation would be what stock market company will be the first to add a significant number of jobs, government money companies excluded [which then excludes health care and defense].
Poor guy...:-)
Why do I think he might need his own applause signs??
I'm going to have it removed.
bookmark
Now he wants to spend TARP money on high speed rail systems. He says “we” have recovered most of the TARP money, but he sees that money as his petty cash fund. High speed rail might be a good thing to do, but with Obama and company in charge, it will cost 10 times what it should.
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