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What Happened to Focus on Jobs?

Posted by Larry Doyle on March 16, 2010 9:38 AM |

If America and Americans are not at work, then how can we truly expect any other initiatives and undertakings to gain a foothold? There is nothing that generates more personal and collective confidence than a job. In fact, I would go even further and state that a job not only generates personal confidence for individuals, but ultimately a job very often defines a person’s self-worth.

Then why is it that the topic of jobs is not the OVERWHELMING focus in Washington eight days a week? While President Obama elevated the focus on job growth in his State of the Union speech, the topic seems to receive front page coverage only on the first Friday of the month when unemployment statistics are released.

Consistently, CFOs of major corporations in our country state that one of the primary reasons they have not increased staff is due to uncertainty in legislation and regulation coming from Washington.

Our political leaders in Washington along with a number of economists seem to believe that jobs will grow simply because they always grow when a recession recedes. Basic logic does not dictate that premise to be a certainty.

The ‘talking points’ utilized by those in Washington project that our economy and markets are experiencing cyclical unemployment. I firmly believe they are wrong. Our economy and markets are experiencing structural unemployment.

Without a recognition of that fact and then an unwavering emphasis on addressing that reality, CFOs will continue to fluctuate in regard to increasing payrolls. By unwavering, I mean the White House should be consistently beating the drum on this topic while promoting policies and programs that inspire confidence in the CFOs. I see little to none of this happening…and I watch each and every day.

Perhaps we will see some “beating of the drum” on the first Friday of April when the monthly employment statistics are heavily spun, but that drumbeat sounds very shallow.

LD

  • divvytrader

    Liberals are like Taliban suicide bombers . They actually believe that screwing their constituents who overwhelmingly do NOT want Obamacare is somehow a noble goal ( their constituents are too stupid to know any better , another classic liberal hallmark ) . Becoming unemployed in November to liberals = the 72 virgins the Taliban get when they press the button on their vest .

    Jobs ? hell , Dear Leader’s inner circle just announced quietly this morning they expect no better than 9.7% unemployment by end of 2010 . I believe with Obamacare passed that small business may increase their firings and we absolutely do a doubledip .

    While idiot Obama wastes his political capital and sees his approval ratings actually drop faster than Jimmy Carter , here is what he has to say on ‘jobs’ today .

    Obama Aides See Jobless Rate Elevated for ‘Extended Period’
    2010-03-16 14:00:00.17 GMT

    By Rebecca Christie and Mike Dorning
    March 16 (Bloomberg) — U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.
    The percent of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement. The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again.
    “We do not expect further declines in unemployment this year,” the officials said in testimony prepared for the House Appropriations Committee. They predicted the economy would add about 100,000 jobs a month on average — not enough to bring the jobless rate down substantially.
    Geithner, Orszag and Romer reiterated the administration’s forecast that the economy would grow 3 percent this year, as measured by comparing fourth quarter growth in gross domestic product. Growth is projected to rise to 4.3 percent in 2011 and 2012, and inflation probably will remain low, they said.
    “The worst now appears to be behind us,” the officials said. “However, the country faces significant and ongoing
    challenges: high unemployment, the need to build a new and stable foundation for prosperity in the years and decades ahead, and a medium- and long-term fiscal situation that could ultimately undermine future job creation and economic growth.”

    • LD

      Divvy,

      Your timing and mine are both uncanny. I write my post, and very shortly thereafter the White House releases their statement which you graciously share here.

      If they can’t work on job growth then I guess they feel no better time to blast through the agenda that a large part of the Democratic base has been hoping would come with an Obama administration.

      That said, I don’t think the Republicans are doing our country any favors by digging in their heels on the financial regulatory front.

      Add it all up, is there any wonder why America looks at Washington as an ever increasing part of the problem?






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