Unemployment Drops and Fewer Layoffs. Obama' plan is Working!

It is kind of funny, had the unemployment rate jumped almost 5%under President Bush and then it lowered, less than a percent, everyone would still be blaming him. But the messiah's followers are rejoicing. Interesting, let us look at the facts and see what the future really looks like. Cap in Trader has passed. President Obama passed this saying that it would raise electric bills between $700 to $800 per year, however, the tax cuts they would pass would ensure that people's bills would only go up about $100 a year. Yet, the tax cuts have not passed yet. If they do not pass then electric bills stand to go up $700 to $800 a year. These are numbers from the General Accounting Office. We know the government is always right, correct? President Obama visited Elkhart Indiana and spoke about how the government was going to resurrect their 17% unemployment rate. Why is the unemployment rate 17%in Elkhart Indiana? Because they were the main manufacturer of RVs. You know those gas guzzling, pleasure houses that only the evil rich can afford, and need to be destroyed (at least that is what mindless tree huggers think). So our government's policies seem to be to destroy our current way of life and replace it with handouts and grants from the government. The problem is there are people (who shall remain nameless) that are buying into it.

There seems to be a very weird standard by which all of this is judged on the supporting end. If the economy--any aspect of it--gets worse and people cite that it could be that Obama's stimulus plan isn't working, they're "haters," and it was Bush's mess anyway, and that's why it had to be done. If the economy--any aspect of it--gets better, people cite that Obama's plan must be working, because there is no possible way America could have ever even started to bounce back any sooner unless Obama's did exactly what he did. It's a catch-22. No matter what, Obama comes out golden. I will be extremely (emphasis on EXTREMELY) glad if the bleeding stops. And if Obama's extreme (emphasis on EXTREME) spending can be factually linked to the stoppage, I'll grin and bear the future inflation and other consequences and tip my hat. But it is a little Kool-aidish if someone accuses people of "hating" when they criticize Obama's spending, and then glorifies him if the numbers start to even out. Not to mention that it's too little too late for anyone who remembers that the economic stimulus package was supposed to immediately jumpstart the economy, and that's the reason for the gloom and doom, fear-mongering, we-must-act-now rhetoric. Seven months later, well, the only thing I can say is it's about dang time that insane amount of money started to show results. I'm taking your word for it here that it has.

I say good for him too. I think we are very lucky to finally have a sensible, intelligent president who does something. I know recovery won't come over night but I'm very confident that it will come. (Back in October I had my doubts) What I could not understand was all those doomsday folks sceaming that we can't expect to get out of a recession by spending money. Spending money is actually the ONLY way out of a recession.

I don't see 247,000 job losses as an improvement. The simple fact is that job loss has slowed down because eventually companies hit rock bottom and can't fire anymore people.

finally someone who is for obama and not ranting about how awful he is. bush got this countrys economy in a godawful mess and poor obama is going to have a big task getting us out it is starting to work so lets give him credit and know it will take some time to recover as it took a lot of time for it to get so bad in the first plAce. I f eel he is a really good president doing his very best to keephis promises. I am glad I voted for him. he is going to do it.

Stimulus has NEVER worked EVER.Japan tried it and their economy was stagnet for 10 years!They tried it in Europe with the same result.When BHO was in Europe,he asked them to add stimulus to their budgets and they said "No,we tried it it doesn't work" My income recently went down drastically.What did I do? I cut spending.Want unemployment to go down? Cut taxes for business to encourage them to expand and hire people. Ever heard of the "Laffer Curve"? It states the ideal tax rate to extract the most money from a wealthy taxpayer is 30%. I will explain this in a way even you LIBS will understand.If Burger King ran their business like our gov. they would charge $10 per burger.They wouldn't sell many burgers would they. On the other hand,if they sold them for $.25 they would lose money even though they would sell more burgers. If you tax a wealthy man at 90%,he would either find a way to evade taxes,quit working so hard,or quit working or taking risks building a business because of too much risk compared to reward.Watch what happens to this economy if cap and trade and gov. healthcare go through.By the way,the only reason unemployment went down is more people quit looking for work.we still lost 250,000 jobs this month. Remember when unemployment was 4.5% under GW Bush and the media was crying about how many people couldn't find work? If you add the number of people able to work that quit looking and the people who want full-time work but are working part-time,it's over 16%.

Grasping at straws, are we? Well, you Obamabots keep drinking the kool-aid. Nice dreams.

i have been telling people that over time things will get back on track but no one will listen so i am glad that someone else posted this , as far as mccain getting it back on track sooner i disagree because he himself said he would not do anything let it fix itself when we all know that would never happen , i know that things will never be perfect others seem to think with the best person in charge it can be thats just not true the world is not perfect and never will be no matter who is in the white house but i am glad that there are other people out there that are seeing things slowley get better.

If destroying the Constitution and secreting the federal gov't into every aspect of your life was 0bama's plan, then you would be absolutely correct. Since barely any of the 'stimulus' money has been spent, I think the 'hands off' approach is responsible for the halt in unemployment (and the fact that there is nobody else to lay off). The 0bama manufactured crisis that lead to the passage of the stimulus did create a reason for the federal gov't to increase taxes like never seen before. Add to that the usurping of private industry and I find your 'great news' to be scary.

I think things are now going in right direction for Prez Obama. I hope it continues to be so as it is good not only for him but also for the fellow Americans. GoodLuck Obama!

That is good news. We all very well know that the Global Crisis stems from the United States and had a domino effect to the rest of the world. This is not only good news to the United States but to the rest of the world as well.

it is a good news for US residents, also for the world as the markets at the rest of the world are looking for hints from US for the recovery. i believe that when the worst is over, things are definitely getting better and better. based on historical data, after market hit the bottom it will bounce back. lets wait for better future and economic.

I want to apologize for my statement up front. I believe in honesty. Well here it goes. I do not see that the stimulus is working at all. I live in KY and things around here seem to be getting worse rather than better. My husband works out of a Local Union Operators and he hasn't been called back yet. They keep saying maybe by the end of the month. Im not sure how much longer we can stay afloat. If this new plan tht Obama prepared is working I would just like to know where is it working. It isn't in the construction area.

investing a lot of money and being smart and productive cant fail. and thats exactly what he did .... good move

I was reading this discussion and some of the responses and it made me think of something. I remember reading about Indian rain dances (no offense to Indians) and when there's a draught, they gather around a big fire and dance, calling up the rain Gods and asking for rain...next thing you know, it's raining. They say it's the rain Gods answering their prayers but who's to say it's not just b/c it was finally time for rain. This seems to hit me the same way. There's no way of knowing if (and I'm taking your word for it) that the recent small improvement in the economy has anything at all to do with 0bama or the stimulus. As one person pointed out, it may have to do with the fact that there isn't anymore ppl to fire. Companies can only fire so many ppl before their either running a skeleton crew or closing down. I also agree with what another person pointed out, that these stimulus packages that were rushed through (b/c we were on the very edge of disaster as 0bama put it), that were supposed to show immediate results, were done 7 months ago! That's hardly immediate. It makes me wonder if the small improvement, if there actually has been one, is due to anything 0bama did or didn't do, or due to the economy slowly healing itself. As for McCain doing any better, that's like trying to be a fortune teller, there's no way of knowing whether he would have done any better or not. [b]~~AT PEACE WITHIN~~ **STAND STRONG IN YOUR BELIEFS**[/b]

They are pretty much running out of people to lay off. Does it mean the sky is not falling, no, doesn't mean it is, but it doesn't mean we can all go back to life as usual and not worry. This is far from over, in fact, we haven't seen near the bottom yet. The simple fact is, there is no reliable way to measure how many jobs the "stimulus" created or how many it saved and this is far too simplistic an assumption to make, based on vague loose formulas and criteria.

It dropped to 9.4%? Wow. It was only 7.6% in January. But, we were told, if we pass the stimulus, we can keep it from reaching 8%. Dropping to 9.4% means only that it fell from the 9.5% of June back to the 9.4% of May. This is not exactly a huge call back to work.

um.....then why did the white house just release a report saying that before the end of the year they exspect unemployement to break 10% and well over it? We are not at bottom yet. I hope we are soon. But we are not there yet. I don't think "recovery" will happen for a long while...no matter who the president is. It took a years to get us to this point....it will probly take it to completely bring it back. Figure it took a good 15-20 years to get out....it will take about that before it is done and paid for. PLus just for the record....Congress is Obama's biggest enemy on the recovery. The more they spend and dig the hole deeper (national debt..budget deficits)....the longer it is going to take to recover. We have to pay off the national debt and balance the budget BEFORE this will all be over.

Ohk, maybe the plan is working somewhere, but still I guess the off-shoring will continue as the head honchos of these big banners still find it a profitable option, and trust me it gives many under developing nations a chance to come up and also to make some money........ What I am really worried about is, I guess in few years he will turn America into a Islamic nation with all his Islamic propaganda, I would hate to see that day(Not that I am Anti-Muslim or something, I consider all humanity as my brethren)......but I feel the west is the only countries which have majority as Christians....... PEACE !!!!