Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

Sunday, December 25, 2011

Obama predicting the stimulus would prevent double digit unemployment

Someone recently challenged me to prove that Obama predicted a dire outcome if we reached a 10% unemployment rate.... and that the way out of it was a stimulus.

From AP:

Throughout his remarks, Obama painted a stark picture, including double-digit unemployment and $1 trillion in lost economic activity—that recalled the days of the Great Depression in the 1930s.

Huh.

But wait. Maybe AP misunderstood what Barack said at George Mason on Jan 8th, 2009?

Now, I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years.

The unemployment rate could reach double digits. Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four.

We could lose a generation of potential and promise as more young Americans are forced to forgo dreams of college or the chance to train for the jobs of the future. And our nation could lose the competitive edge that has served as a foundation for our strength and our standing in the world.

In short, a bad situation could become dramatically worse.

Hmm. I guess not.

But that was just one speech... right?

These are America’s problems, and we must come together as Americans to meet them with the urgency this moment demands. Economists from across the political spectrum agree that if we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double digit unemployment and the American Dream slipping further and further out of reach.
Of course, you can't trust that source. Its Change.gov.

Wednesday, August 31, 2011

Oh Good. The president is going to do something about jobs. Again.

If a mechanic kept promising to repair your car, and kept messing it up, would you keep paying?

In 2009, Barack promised to create jobs and reduce the deficit, in an address to congress:


Now is the time to act boldly and wisely -- to not only revive this economy, but to build a new foundation for lasting prosperity. Now is the time to jumpstart job creation, re-start lending, and invest in areas like energy, health care, and education that will grow our economy, even as we make hard choices to bring our deficit down. That is what my economic agenda is designed to do, and that is what I'd like to talk to you about tonight.

Then he promised to attack jobs in 2010.

Now, as we stabilized the financial system, we also took steps to get our economy growing again, save as many jobs as possible, and help Americans who had become unemployed.

Wait... maybe we can get him saying that he won't rest until he gets us a job?





Oh.

Look, its 2011. We don't need more promises/ plans/ from the guy who spent $787 Billion and couldn't keep unemployment under the 8%.

At some point in time, do you stop listening to the mechanic who keeps promising to fix your car?

Or are you different?

Do you give your keys to the mechanic, again, pay again, and presume that this time... he's going to get it right?

Sunday, August 01, 2010

White House and their criminal guest

Yet another one of the White Houses' stage props have turned on them.
This time, its not a teleprompter, but Leslie Macko. The president was using her as an example of someone who kept sending out resumes, but who could not get a job.

The only problem with this?
Uhm.. it might be that she had two criminal convictions on her record. That might be why Leslie was having trouble becoming employed again.

Friday, July 02, 2010

Hannity summing up Barack's unemployment incompetence

With guest Newt Gingritch, the two talk about how the stimulus bill was completely ineffective.




Tuesday, June 15, 2010

More "unexpected" news

How often does bad news have to be unexpected before it becomes expected? From Bloomberg:

U.S. Hiring Disappoints, Jobless Rate Falls to 9.7%


Yep. After months of bad unemployment news, and more and more spending that created no jobs... its disappointing that the unemployment rate has not gone down.
But here is the kicker:
Private payrolls rose by 41,000, Labor Department figures showed today, trailing the 180,000 gain forecast by economists. Including government workers, employment rose by 431,000, boosted by a jump in hiring of temporary census workers. The jobless rate fell to 9.7 percent from 9.9 percent.

So the vast majority of the jobs created were in the Census... which means that the jobless rate is going to skyrocket this fall.

Tuesday, May 11, 2010

How to make bad news seem positive

Someone at AP practically went down on the administration in this article:
The economy got what it needed in April: A burst of hiring that added a net 290,000 jobs, the biggest monthly total in four years. It showed employers are gaining confidence as the recovery takes deeper root.

But people who had given up on finding jobs are gaining confidence, too, and are now looking for work. That's why the unemployment rate rose from 9.7 percent to 9.9 percent and will likely go higher.

Now in the world can you report that unemployment is going up to 9.9%, and make it sound like things are getting better?

You need to work for AP in order to do that.