Unemployment continues to go up. People are dropping off the unemployment roles having been on them so long. Some people are just plain giving up and going with “funemplyment.” The Generational Theft Act has failed to create anything other than mostly temporary, blue collar jobs, so, what does Obama do? If you guessed “create a photo op with a new working group rather than actually creating conditions which create jobs, such as reducing taxes on business, particularly small businesses, incenting businesses to hire people, etc and so on,” then give yourself a shot of your favorite liquor. Barry’s on his way to Asia for a 9 day trip, no decision on Afghanistan, but, before going
Burdened by a decision on Afghanistan, Obama has apparently sent military planners back to the drawing boards to redesign a strategy in the wake of concerns about the ability of Hamid Karzai’s government to serve as a viable partner. He’s also worried about a jobless economic recovery
So before leaving, the president announced a jobs summit at the White House in December, at which CEOs, union leaders, nonprofits and government officials can figure out how to jump-start the lagging business indicator.
Hot Air has the relevant transcript
Over the past 10 months, we’ve taken a number of bold steps to break the back of this recession (WT-none of which have worked). We’ve worked to stabilize the financial system, revive lending to small businesses and families, and prevent responsible homeowners from losing their homes. And through the Recovery Act, we’ve cut taxes for middle class families, extended and increased unemployment insurance, and created and saved more than a million jobs.
Worked to take over huge segments of the private economy and put them under the control of the Federal government. People are still losing their homes. Small business is still having a tough time getting loans. And taxes? Where? Hey, didn’t he promise us a $500/$1,000 check during the campaign?
As a result, the economy is now growing again for the first time in more than a year — and faster than at any time in the past two years. But even though we’ve slowed the loss of jobs — and today’s report on the continued decline in unemployment claims is a hopeful sign — the economic growth that we’ve seen has not yet led to the job growth that we desperately need. As I’ve said from the start of this crisis, hiring often takes time to catch up to economic growth. And given the magnitude of the economic turmoil that we’ve experienced, employers are reluctant to hire.
Slowed because there aren’t that many jobs left to lose. I’m not blaming him fully for that, recessions happen. But, Los Federales can mitigate and reduce the issue with wise business plans.
We all know that there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional, responsible step that we can [take] to encourage and accelerate job creation in this country. And that’s why, in December, we’ll be holding a forum at the White House on jobs and economic growth. We’ll gather CEOs and small business owners, economists and financial experts, as well as representatives from labor unions and nonprofit groups, to talk about how we can work together to create jobs and get this economy moving again.
Oh, good, labor unions and nonprofits. Ed Morrissey is pointing out that labor unions tend to be job killers, and nonprofits? They do not really tend to stimulate much. They can be useful, certainly, but companies looking to make a profit get people back to work. And you do not do that by yammering on and on. You take action.
