Obama Mixes Economy, Jobs At Summit

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Jobs Forum 12/3/2009 12:03:00 PM So Obamination is going to hold a Jobs Forum. He is going to invite the academia and unions, but not the US Chamber and NFIB. Since when have the Unions or academia created any legitimate jobs? The unions create job redundancy by not allowing individuals to multi-task and the academia believes in increasing the size and employment of Government. The policies of both have sent jobs off shore. Jobs are created by small business. Small business is represented by the Chamber and the National Federation of Independent Businesses. Go Figure!
Another Stimulus Package??? 12/3/2009 12:19:00 PM What is the point? The first one worked so well..You want an actual stimulus package? Stick to your promise of weeding out the frivilous grants and loans. Why are the taxpayers supporting a Tea Pot Measuem down south? Why are we spending millions to have vehicles made for foreign military? Keep the vital programs like unemployment (although with limits, not everyone should get paid while waiting for that "Management" job to open up)and the like while getting rid of programs that have no real value to the masses. Trim off the fat so to speak and the money will be there. Then by reducing the income tax (ohh another silly thought, how about a flat tax?)you give the population more money to spend, pay bills or do whatever. Common sense can prevail here. If you do what is right and not sweat the thought of missing out on a second term or how your fellow corrupt (not saying B.O. is corrupt) political peers think you could actually have a legacy that is positive and leaves the biggest impact on the american people.
The Job Summit is a farce!!! 12/3/2009 12:28:00 PM Chairman Maobama invited ACORN, SEIU, UAW and other goverment/socalialist/NGO leaders but did not invite the National Chamber of Commerce or any other entrepreneurial business leaders. So, Obama will get losts of worthless and wastefull ideas - but no truly constructive, pro-economic growth direction. This is a FARCE - Americans deserve SO MUCH more.
Jobs Forum 12/3/2009 12:32:00 PM It is amazing what short a memory our fiscally conservative compatriots have. Where where they when Bush & Co. was getting us into unsustainable debt, destroying our economy? Actually it is the Unions who pushed for GOOD jobs and the academia greatly contributed to inovations to spark and spawn small and not so small businesses.
Jobs Forum??? 12/3/2009 12:46:00 PM Why muddy the waters with people who actually KNOW what they are doing? GEEZ!
Back to work 12/3/2009 12:51:00 PM "All of us want to do anything we can to get Americans back to work." Really? Anything? How about showing some government borrowing, taxing and spending restraint? Reduce the incentives to move manufacturing offshore. Sell off GM. Stop the bailouts. Make the hedge fund fatcats pay taxes at the income rates instead of capital gains rates. Drop the federal takeover of healthcare and focus on providing affordable education that produces competitive performing citizens. Change the incentives so that businesses want to invest in the US instead of China, Brazil, India and Vietnam.
Unified message 12/3/2009 12:54:00 PM I can't figure when Obama has presented a unified message on anything. He has been twisting and turning, but he hasn't stayed on target for any of the nation's problems.
major economic speech 12/3/2009 1:18:00 PM If the major economic speech is no better than the one on the Afghanistan surge we could tune this out too.
Government Should Encourage Job Creation 12/3/2009 1:42:00 PM Finally a step in the right direction! A focus on creating quality jobs and on the American worker instead of investors and business owners in a relentless quest for reducing wages. QUALITY jobs are not created by small businesses who care only about reducing their labor cost. The reason jobs have gone offshore is because of government policies encouraging it. We are the world's largest debtor nation. The American government should be encouraging quality job and industry creation in this country through it's policies and trade negotiations.
I guess I wasn't paying attention.... 12/3/2009 2:11:00 PM I thought the purpose of the $787B stimulus was to create jobs and stimulte the economy. Here we are 9 months later and we're just now starting to talk about creating jobs? And talking about a second stimulus because the first one was inadequate? I think it's time to take inventory of the government's ability to succeed at any level. Show me some positive results from TARP and Stimulus I before we spend any more money on Obamacare and Stimulus II. It should be obvious now why the Stimulus was rushed through Congress before anyone could read the plan, because there was no solid plan. What is the plan now? What? No plan? Then no more money!!!
Cloward - Piven Strategy 12/3/2009 2:33:00 PM Obama has NO INTEREST in improving the economy - period. Obama and his radical government are using the strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse. Developed by two left-wing loon Columbia University professors inspired by radical organizer (and Hillary Clinton mentor) Saul Alinsky. READ PEOPLE - READ.
No plan - no money? 12/3/2009 2:57:00 PM Obama would meet your expectation (no plan - no money) by lying (as he did throughout his campaign), then "change" the plan. That would be more of his notion of change that we believe in. Believe me; Obama has FAR more than demonstrated that he is a Marxist and that the preponderance of the those that his has surronded himself with are radicals and Marxists as well. The US government is currently in the control of (and plagued by) left-wing LOONS!
We are facilitating our own demise 12/3/2009 2:59:00 PM While complaining about all the jobs moving overseas, my fellow union members and former manufacturing employees are rushing down to WalMart to purchase the cheapest Chinese or Vietnamese product they can. Can't you see that businesses are doing the same thing? They are paying as little as possible to produce a product just like you are paying as little as possible to purchase it. Then when you vote down a contract that doesn't give you increases during the highest unemployment in 25 years, you are confused, aghast and flummoxed that the company would move elsewhere. Everyone acts in their own self interest. We need to make staying in this country in a business's own self interest.
Obama Mixes Economy, Jobs At Summit 12/3/2009 3:09:00 PM For more Job creation We should focus on exploitation of techno and manufacturing skills. We should be export oriented for Mfg good and techno services instead of financial services . tax incentive should be given for export as other countries are doing it. Higher education should be subsidies by flexible tax credit at any age not limited of university college attendance. More of our resources of Finance are tied up in short term gain and greed like derivatives hedge and private equity fund at the expenses of Man street job. We can do wonder by utilizing our capital . knowledge and skill for improving the quality of life of other nations which will bring good Will and opportunity here. We have financial structure of credit card and health care insurance where middle man exploit the weakness of small man without bringing the values in transaction. System provide the disincentive for real services .
Obstructionist opposition and ignorant public 12/3/2009 3:10:00 PM Why do Japan, China, Germany, Britain, France all have stimulus programs? Because that works in pulling an economy out from recession, and it worked. The world economists all understand that. In this country the republican opposition has no plan of their own and therefore all they can do is play obstructionist or else they would be irrelevant. The stimulus is a big program and it needed to be stared as soon as possible. So there is no time to micro-manage everything and there are bound to be some hits and some misses, that cannot be helped. But the public does not understand that stimulus is the text book solution for a recession and they just listen to the obstructionists without any knowledge of their own and therein lies the main problem.
Stimulus is all misses... 12/3/2009 3:23:00 PM Not a single hit. The supposed stimulus was never inteded to fix the economy - and it is not directed at fixing the economy - thinking the stimulus is about the economy (as obosed to justified by the economy) is merely ignorant. Republicans CAN NOT obstruct this radical left-wing loonitic regeme - because it simply does not have the votes. CLAIMING THAT REPUBLICANS ARE OBSTRUCTING IS IGNORANT. By the way, stimulus didn't work in Japan, Germany, Britain or France. There was no stimulus in China.
Text book solution for a recession 12/3/2009 3:33:00 PM University economic text books were written by left wing fruitcakes. Telling me something is a text book solution is not telling me it is going to work. As far as I can see, the economies of Germany, Britain, and France is no better than that of the US. Japan and China will not fare better because of stimulus, but because they have a better monetary and work ethic.
Fiscal Conservatives' Memory 12/3/2009 4:12:00 PM The fiscal conservatives do not have a short memory for the Bush years. We were howling mad at him and Congress for their spending,too. Despite that, at least employment increased under Bush for 6 of his 8 years in office.
Ignorance about China's 4 trillion yuan stimulus 12/3/2009 5:08:00 PM China has a 4 T-yuan stimulus, that is over half a trillion US$, very successful by all accounts (if you have read any news). So these commenters think that the US and the world's economists know nothing, including text books written many decades ago. And they do, because as the republicans have no plans of their own, they let leadership default to Limbaugh who tells them the whole world's economists are wrong and he himself knows best. The fact is he does not know anything and he knows that and he does not care. He just says anything he wants and he is not held accountable due to free speech. It must be amusing to the rest of the world to see so many people kow-towing to the big fat lier telling big fat lies with impunity, obstructing the recovery with such "wisdom" as "let them fail". Even Bush knew what a disaster it would be if the banks had failed. How sad!
Ignorance of obstruction 12/3/2009 7:03:00 PM How would you know that Republicans have no plan to fix the economy? You certainly wouldn't hear about it on ABC/CBS/NBC/CNN/MSNBC or any other left-leaning media outlet. They only want to give opposing views when Republicans are calling the shots, and want to silence the opposition to any Democrat program. Republicans don't have the votes to stop anything the Democrats want to do, so how can they be obstructionists? You are only repeating the media's ignorant accusations. Did you know Republicans had a healthcare alternative to Obamacare? Of course not, because the left-wing media will not mention it. China's stimulus is working because it was invested in their economy and manufacturing sector. Instead of creating U.S. jobs, our stimulus was spent on longer unemployment benefits and who knows what else (ACORN?). Obama and the Democrat's policies are so short-sighted, a trillion dollars doesn't even cover 12 months of spending on their programs. Their appetite for spending is insatiable.
Economy is not coming back 12/3/2009 7:55:00 PM Sorry Folks, The great times will never come back. Obama wants to help factories get back on their feet. So what? Even if the government pumps tons of money into American factories, the price of our goods are too expensive. Wake up, Americans are going to buy cheap Asian goods. My factory builds the best equipment of its kind in the world and at a great price. The problems is that the Chinese, and other Asian countries can beat our socks off when it comes to price. How can anyone compete with labor that works for 20 cents a day. In India, Phd. Engineers will work for just a few dollars an hour. In our case, the Chinese government supplies our competition with raw materials at no cost. The fact that over 50% of Americans are now takers rather than earners means that there is no way to change things at the voting polls. And, most Americans are now a product of the government socialist public educational system. They do not know what they are doing. Politicians are just another member of society. They could be your neighbor or the guy across town. They have no special education or knowledge. They just got elected to office. Why do they think they are smart enought to build big government. The great American experiment in individual freedom is only about 235 years old. It is a product of the only time in the past 10,000 years that individual freedom has been allowed. This freedom and our capitalistic system has brought amazing advances. Now, the candle of this system is being smothered from within. The Communist's were right, they will not need to defeat us as we will defeat ourselves. Only the American people can save this country. We must all "Buy American" and kick out the blood sucking politicians.
"economy not coming back" is basically correct 12/4/2009 9:23:00 AM Knowing Americans, "buy American" is just not going to happen. Dirt cheap labor (China) and superior manufacturing quality (Japan) are killing us. As long as our imports exceed exports our National debt with keep increasing. That has been going on for a quarter of a century and no president or any capitalism can quickly reverse that. Imports way exceed exports is why the recovery is so weak, because now more people are buying the cheapest goods. We must drastically concentrate on improving our manufacturing competitiveness for the long term. However, calling 50% of Americans as takers are just passing the blame to fellow countrymen. Ask those who have lost their jobs and see how many of them would not want to get back to having a paycheck.
Amen: Economy is not coming back 12/4/2009 9:25:00 AM Well said. When the receivers outnumber the producers we are headed to destruction.
"Liberal Media" a myth and a lie 12/4/2009 9:35:00 AM Fox news does not even bother to claim to be "balanced", sitting solidly in the right wing. The "Clear Channel" had bought up all the stronger radio stations and are preaching right wing mantra. ABC carries Limbaugh, how "left wing" is that? Who is the biggest media mogul in America? Murdoch, and he is solidly right wing. IT IS THE RIGHT WING CONTROLLED MEDIA THAT IS SPREADING THE MIS-INFORMATION ABOUT THE "LIBERAL MEDIA". WAKE UP, AMERICA!
No 4 trillion yuan bailout... 12/4/2009 12:58:00 PM The Cinese central government will only provide 1180 billion yuan of funds - not 4 trillion. Even then,1 trillion of that stimulus is ear-marked for reconvery from the impact of the magnatude 8 Sichuan earthquake. NOTE THAT 1 TRILLION YUAN EQUALS ONLY $146B. The lies that come from the left-wing loons incredible.
Ignorance strikes again 12/4/2009 3:45:00 PM Chinese 1180 Billion Yuan was Nov 2008 figure. By March 2009 was revised: 1.5T infrastructure, 1T earthquake rebuild (still is more infrastructure), 370 B to rural localities, 370B technology, 210 B Energy and environment, 150 B educational, plus a little bit on others. True to right wing Limbaugh lying form of choosing one single piece of the whole and pretend the rest of the facts do not exist. Limbaugh is very picky in choosing his disciples. They have to be dumb enough to believe what he says without question.
No 4 Trillion Yuan... 12/4/2009 4:21:00 PM You don't have the Chinese stimulus facts correct. PLUS, YOU IGNORED THE EXCHANGE RATE ISSUE. This is a pitence compared to the insane and FAILED Obamination stimulus.
Real facts, not Limbaugh "facts" 12/4/2009 5:22:00 PM US GDP is about 14T, stimulus 838 B = 6% of GDP. Chinese GDP = 4.3 T US$ = 29 T yuan. Chinese stimulus about 4 T yuan = 600B US$, over 12% of GDP. Chinese stimulus is twice as big in % to GDP. Both stimuli are successful.
The stimulus obviously didn't work in the US... 12/7/2009 11:50:00 AM ...and there is no sign that it worked in China either according to the Wall Street Journal, et al.

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