Comrade Obama...

@ParaTed2k (22940)
Sheboygan, Wisconsin
April 30, 2009 1:26pm CST
Where are all the new jobs?
3 people like this
6 responses
@bayernfan (1430)
• Canada
30 Apr 09
Well, he did promise to create 3 million new jobs in 2009 and 2010: "In his weekly radio address on Jan. 10, 2009, Barack Obama said the No. 1 goal of his economic stimulus plan is to create 3 million new jobs in the next two years. Less than 20 percent of them will be government jobs." http://www.msnbc.msn.com/id/28695368/ I haven't heard about Obama creating any jobs yet, but his goals would barely make up for the jobs lost so far this year even if he were successful: [b][i]"Between January and March, more than two million jobs were lost, according to the Labor Department’s employment report, released Friday. The severity and breadth of the job losses in March — which afflicted nearly every industry outside of health care — prompted economists to conclude that an agonizing plunge in employment prospects was still unfolding."[/i][/b] http://www.nytimes.com/2009/04/04/business/economy/04jobs.html More than two million jobs lost for 2009 as of the end of March! April wasn't a great month for jobs in the U.S. either. It is expected to become much worse: [b][i]"Economists also predict the jobless rate will rise for a longer time. Two-thirds say it won't stop rising until 2010 or later, vs. 51% in January. The unemployment rate in March was 8.5%, the highest in a quarter-century. The rate of underemployment — adding in part-timers who wanted full-time work or those who had stopped looking for a job — hit a record 15.6%. "Even after we come out of the recession I expect the unemployment rate to go higher and stay there for a while," says Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida. Given the severity of the downturn, he says, "Firms are going to proceed with caution when it comes time to staff up."[/i][/b] http://www.usatoday.com/money/economy/2009-04-26-economy-survey_N.htm Expect lots of excuses from Obama and attempts to blame others. It has already started with Chrysler's bond holders and secured creditors. You can see an interesting map of the U.S. job loss/job creation county by county here: http://www.slate.com/id/2216238/ Press play and pay close attention to January and February 2009. Obama is the President now and the buck stops with him.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
1 May 09
Well, I figure if he's announcing that Chrysler failed then there must have been enough time to get results, right?
@Modestah (11179)
• United States
30 Apr 09
they aren't in our neck of the woods, don't come looking here. We've been without work and without u.e. compensation since the first week in March.
1 person likes this
@gewcew23 (8007)
• United States
30 Apr 09
Well these new jobs are in Washington D.C, the only city that has job growth during an economic down turn.
• United States
6 May 09
India. China. Japan. Where else would they be? It's too expensive to hire workers here, pay them a salary on top of skyrocketing costs of health insurance and other benefits. Soooo much easier to outsource to a man in India who can barely speak English and pay him 1/5th of what American workers make and then NOT pay him benefits.
• United States
1 May 09
Takes time. However, why aren't more American's creating jobs, finding creative ways to keep jobs? Why aren't all of the high paid executives in this country taking massive pay cuts, living like the rest of us, and keeping their workers paid and employeed? Namaste-Anora
@ParaTed2k (22940)
• Sheboygan, Wisconsin
1 May 09
Obama seems to think he's given Chrysler enough time for results. Why should we demand results from Chrysler but make excuses for Obama? He's had longer to get results than he is willing to give others.
@Taskr36 (13963)
• United States
1 May 09
How do you know what pay cuts CEOs are and aren't taking? The CEO of Ford is taking home a salary of $1.00 this year. CEOs of smaller companies are ALWAYS the first to reduce their salaries when revenues are low. Many of them know they can't cut staff and continue operating properly so they take the hits themselves. A CEO can't run a business without employees so many choose to run their businesses without salaries when times are tough. In larger companies pay cuts and layoffs typically start at the top executive level where they can cut the most money with the least staff. I'm just wondering how many high paid executives you know? Do you know for a fact that they aren't taking massive pay cuts? If you don't have this information why are you choosing to make such an assumption?
• United States
1 May 09
I'm in a graduate program in which education majors share many classes with business majors. I've met many in the last year who have shared their stories, and not too many of the executives are taking home 1/2 salaries in order to keep their employees. Instead, they are consolodating lower paying ones, and canning people. In Minnesota we're laying off approximately 3500 people each month. Governor Pawlenty refuses is vetoing a tax raise of 3% that would tax those with 3 figure incomes (hmm, could it be because he doesn't want to be taxes?), the place my husband works for refused a 3% increase in wages, and the director isn't taking a pay cut. So yes, I know first hand what's going on in my state and I'm not seeing it. Namaste-Anora
• China
2 May 09
I think the new jobs may be in half a year later, no, may be after a year, or to go abroad seeking employment? china is a good choice. I'm in chongqing, china, where the employment pressure is not great, as long as you have the ability.