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Barack Obama warns of unemployment being 'new normal' in US
The London Telegraph ^ | November 8, 2010 | Toby Harnden

Posted on 11/08/2010 11:32:44 AM PST by 2ndDivisionVet

In an interview with "60 Minutes" on CBS News, his first since the Democratic drubbing in last Tuesday's mid-terms elections, Mr Obama said that he sometimes gets "discouraged" about the poor economy but realised that it was not entirely his fault.

"There are times when I thought that the economy would have gotten better by now," he said. "You know, one of the things I think you understand as president is you're held responsible for everything, but you don't always have control of everything, right?"

He insisted he was not worried about another depression or recession but the unemployment rate, stuck at just below 10 per cent, was a major concern.

"What is a danger is that we stay stuck in a new normal where unemployment rates stay high, people who have jobs see their incomes go up, businesses make big profits, but they've learned to do more with less, and so they don't hire," he said.

"And as a consequence, we keep on seeing growth that is just too slow to bring back the eight million jobs that were lost. That is a danger. So that's something that I spend a lot of time thinking about."

Mr Obama resisted expressing regrets about any policy decisions he had made but spoke with the same tone of contrition he exhibited in his White House press conference last Wednesday. He suggested his focus on good policy had carried a political price.

"We were so busy and so focused on getting a bunch of stuff done that we stopped paying attention to the fact that, yeah, leadership isn't just legislation, that it's a matter of persuading people and giving them confidence and bringing them together, and setting a tone....

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2010; bho44; bhoeconomy; democrats; economy; fail; hopeychangey; jobless; obama; recession; unemployed; unemployment
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About what you'd expect if you hired a self-important foreign, Left-wing Chicago college instructor to run something.
1 posted on 11/08/2010 11:32:51 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet

So in other words...no hope and change?


2 posted on 11/08/2010 11:35:25 AM PST by Siena Dreaming
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To: 2ndDivisionVet

“Unemployment as normal” will be an expression associated only with Obama and the rest of the deluded Progressives.


3 posted on 11/08/2010 11:35:44 AM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: 2ndDivisionVet
"answering that question with specificity, you know, is above my pay grade"

He warned us. We knew what we were getting but 53% of those who bothered voting still gave this guy the keys.

4 posted on 11/08/2010 11:37:04 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: 2ndDivisionVet

Hope you unemployed obama supporters out there took note. This is where he has brought you. From 4% before the democrats took over the house and senate to today where the real unadjusted rate is around 20%. He just made it very clear that you just need to accept the fact that his policies brought you to this and this is where you damned well better be happy existing, and dependent on his largesse and whims. Truly idiot voters.

FUBO & FAD


5 posted on 11/08/2010 11:37:31 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: 2ndDivisionVet
It's all about HIM...if "unemployment is normal", then [in his mind] that makes him "normal".

We all know that isn't so.

The man is a psychopath.


Getting Old


6 posted on 11/08/2010 11:38:47 AM PST by FrankR (Don't let the bastards wear you down!)
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To: 2ndDivisionVet

Obama is an economic ignorant


7 posted on 11/08/2010 11:39:06 AM PST by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: 2ndDivisionVet
"There are times when I thought that the economy would have gotten better by now," he said.

Like when BiteMe promised 500,000 jobs EVERY MONTH during the Bummer of Recovery?

8 posted on 11/08/2010 11:39:43 AM PST by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: 2ndDivisionVet

combine that ‘new normal’ with unlimited UI extensions and we’ll soon get the ‘new welfare.’


9 posted on 11/08/2010 11:40:08 AM PST by ari-freedom (Ding dong the Pelosi is gone!)
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To: 2ndDivisionVet

“You know, one of the things I think you understand as president is you’re held responsible for everything, but you don’t always have control of everything, right?”

So I guess that means that Bush wasn’t responsible for any of the economy you “inherited” because he didn’t have control.

Thanks O for clarifying that for us!


10 posted on 11/08/2010 11:41:28 AM PST by Jerry Attrick
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To: 2ndDivisionVet

Here are some ideas for President Obama on how to reduce unemployment from one of the ‘great unwashed hillbilles in the middle of the country’:

1) Cut spending across the board.Period

2) Reform the tax code—Flat or Fair...who cares which but stop punishing the successful and making small business owners lives hell.

3) Neuter the EPA-—CO2 is not a crime; but the whole global warming scam sure is.

4) get rid of the H1b program....why the HELL are we importing IT workers when unemployment is at 10%

5) Hey!!! How about enforcing the Immigration laws in the USA...We have enough problems of our own.

JMO...


11 posted on 11/08/2010 11:42:41 AM PST by Le Chien Rouge
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To: 2ndDivisionVet

“You know, one of the things I think you understand as president is you’re held responsible for everything, but you don’t always have control of everything, right?”


Great, we have a 12 yr old as POTUS.


12 posted on 11/08/2010 11:43:03 AM PST by crazyhorse691 (Now that the libs are in power dissent is not only unpatriotic, but, it is also racist.)
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To: 2ndDivisionVet

Thanks, I was really in need of a teachable moment.


13 posted on 11/08/2010 11:43:34 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: 2ndDivisionVet
What a sick sad excuse.
it shows that he has a total lack of understanding in so many ways.

Prosperity has a good chance of returning if the new Republicans do what the citizens want them to do.

0bama better not DARE to claim credit for it.

14 posted on 11/08/2010 11:46:40 AM PST by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
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To: GeronL

Talk of waste of human resources....


15 posted on 11/08/2010 11:47:41 AM PST by himno hero
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To: Siena Dreaming

No AND.

Just change. Changing Unemployment to ‘normal’.


16 posted on 11/08/2010 11:49:55 AM PST by UCANSEE2 (Lame and ill-informed post)
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To: SumProVita

It having dawned on Obama that socialism destroys prosperity, he nonetheless will stay the course.


17 posted on 11/08/2010 11:50:27 AM PST by Spok (Free Range Republican)
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To: 2ndDivisionVet

So......... if Obama wants to be ‘normal’, he needs to be unemployed.


18 posted on 11/08/2010 11:50:39 AM PST by UCANSEE2 (Lame and ill-informed post)
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To: 2ndDivisionVet
The definition of "jobless recovery" is: "I've got mine. Screw you."
19 posted on 11/08/2010 11:53:21 AM PST by E. Pluribus Unum ("Government has no other end, but the preservation of property." --John Locke)
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To: himno hero

Even if he was right, and he’s not, the most hurt will be those lacking skills and experience. Mostly because the high cost of hiring and employing imposed by government.

But if he really thinks we are in recovery then he is really dense.


20 posted on 11/08/2010 11:54:35 AM PST by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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