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U.S. Unemployment Unacceptably High - White House Advisers Admit

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Post by gigichicago Sat Jun 04, 2011 12:48 pm

The President must address unemployment problem, like it or not. Boy, has it taken time for this news come out of the White House. The problem can be ignored but it will not go away. Now that is has very high, what will Obama do?

affraid "The White House admitted on Friday that unemployment in the US was “uncomfortably high” after the latest set of figures for the American labour market showed only 54,000 new jobs were created by the world’s biggest economy last month."

http://biz1.org/2011/news-feed/us-unemployment-unacceptably-high-white-house-advisers-admit/
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Post by nuttin2lose Sat Jun 04, 2011 12:51 pm

Seems to me they are only mentioning this now because they are afraid of the effect on Wall Street. Evil or Very Mad

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Post by Exhausted99er Sat Jun 04, 2011 12:57 pm

What happened to Goolsbee's "bump"? He was on CNN yesterday with Wolfe Blitzer making light of the whole situation.

I think you are right, nuttin, when it starts to affect their Wall St. buddies, they know they have to address it.

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Post by UPCHITCREEK Sat Jun 04, 2011 1:04 pm

nuttin2lose wrote:Seems to me they are only mentioning this now because they are afraid of the effect on Wall Street. Evil or Very Mad

No their not to worried OBAMA will just tell ole Ben Bernanke to crank up the presses ..... we doing a QE-3, devalue the dollar some more ..... Suspect affraid affraid

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Post by gigichicago Sat Jun 04, 2011 1:10 pm

nuttin2lose wrote:Seems to me they are only mentioning this now because they are afraid of the effect on Wall Street. Evil or Very Mad

That's what I was thinking.
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Post by Phillymg Sun Jun 05, 2011 1:35 am

It's Official--Madison Avenue Has Taken Over America

Besides the WH spin on the jobs numbers.....Eric Cantor & Dave Camp are at it too.....

http://www.majorityleader.gov/newsroom/seven/congressman-cantor-statement-on-may-unemployment-report.html

http://waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=244478

Besides some vague assertions about how the Obama Administration wants to increase 'regulations' and 'taxes' on 'investors & businesses' along with their cries to 'overhaul the tax code' (= kill medicare & SS) the Repubs offer no more solutions than the WH on getting the American unemployment rate back to 4% or 5%.

I wish those GOP clowns would be more specific about *WHICH* 'regulations' & 'taxes' they mean. Oh I forgot.....it's the Healthcare Law. Screw them--our family's looking forward to the HC Exchanges in 2014.

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Post by truth Sun Jun 05, 2011 4:23 am

Those GOP tax cuts for the wealthy "job creators" sure are working as planned. They've worked so well that the House Republicans want to give the rich even more tax cuts. We can't afford any more extensons for the victims of the Great Recession though.

A bill to help us is still sitting at the bottom of a wastepaper basket in a GOP dominated committee. They haven't had time to work on it. In addition to more tax cuts for the suffering top 3% and all those mega corporations that are strapped for cash, the House Republicans have spent every working hour trying to replace Medicare with VoucherCare, defunding NPR and Planned Parenthood, gutting Medicaid, and making sure corporate job exporters and big oil keep their badly needed subsidies.

The Congressional Republicans feel that these matters are much more important than jobs and a lifeline to the unemployed.

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Post by truth Sun Jun 05, 2011 4:30 am

Phillymg wrote:It's Official--Madison Avenue Has Taken Over America

Besides the WH spin on the jobs numbers.....Eric Cantor & Dave Camp are at it too.....



Besides some vague assertions about how the Obama Administration wants to increase 'regulations' and 'taxes' on 'investors & businesses' along with their cries to 'overhaul the tax code' (= kill medicare & SS) the Repubs offer no more solutions than the WH on getting the American unemployment rate back to 4% or 5%.


IMHO the whole GOP emphasis on cutbacks is virtually guaranteed to push us right back into recession. We are far from in the clear when it comes to a recovery, after which there will be plenty of time for budget cuts. If we had worried about deficits and debt in the middle of WW II, half of us would be speaking Japanese and the other half speaking German.

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Post by unemployed2long/1208 Sun Jun 05, 2011 10:20 am

President says he is going to do something about it! "Again"

He's going to create jobs!
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Post by truth Sun Jun 05, 2011 11:48 am

The so-called "job creators" aren't creating jobs. Since the Republicans' pet project, the extended tax cuts for the richest 3%, have been a failure, it's time to repeal them. A bit of that money can be much better invested in aid for the victims of the Bush Great Recession.

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Post by Guest Sun Jun 05, 2011 12:43 pm

cheers

Yes. Time to increase taxes for the rich!

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Post by Kathy Sun Jun 05, 2011 4:59 pm

I wish somebody in Washington would do something! All they seem to do is take a whole lot of vacations.
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Post by requete' Sun Jun 05, 2011 6:55 pm

They are telling us to " eat cake ". We need to them " Off with your Heads " ! cheers
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Post by truth Mon Jun 06, 2011 12:58 am

Why hasn't a single Republican co-sponsored H.R. 589? Why won't the Republicans let H.R. 589 out of committee? Why won't Boehner bring it to the House floor for a vote? Those Repuiblican inactions sure are telling me to "eat cake".

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Post by unemployed2long/1208 Mon Jun 06, 2011 1:41 pm

watched a speech and Obama said its just bumps in the road. Boy, he knows how to deal with unemployment!
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Post by requete' Mon Jun 06, 2011 4:55 pm

Bumps in the Road? Deep potholes are more like it!
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Post by Jen Mon Jun 06, 2011 5:00 pm

It is really a depression and the unemployment rate is really 25% instead of a recovery or double-dip recession and 9.1% unemployment like they lie about.
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Post by unemployed2long/1208 Mon Jun 06, 2011 5:49 pm

Awh Its just a small bump in the road!!! Your pres!!! U.S. Unemployment Unacceptably High - White House Advisers Admit 710712
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Post by unemployed2long/1208 Mon Jun 06, 2011 5:50 pm

Oh! "Just suck it up"...U no who??? U.S. Unemployment Unacceptably High - White House Advisers Admit 585661
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Post by Jen Mon Jun 06, 2011 5:52 pm

It's only getting worse out there. It has only been getting worse the whole entire time. I'm terrified that I will never find a job and will never be able to live. Sad
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Post by JaneWI Mon Jun 06, 2011 6:05 pm

Jen wrote:It's only getting worse out there. It has only been getting worse the whole entire time. I'm terrified that I will never find a job and will never be able to live. Sad

Seconded. Sad
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Post by gigichicago Mon Jun 06, 2011 6:09 pm

JaneWI wrote:
Jen wrote:It's only getting worse out there. It has only been getting worse the whole entire time. I'm terrified that I will never find a job and will never be able to live. Sad

Seconded. Sad

X3
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Post by theend Mon Jun 06, 2011 9:03 pm

Well the market is on a down trend for almost a month now. So its going to get worse! Only the greedy rich can fix it, the Government has no money.They could cut taxes for the rich again but the next crash will be worse. Everything they did for 30 years made it worse in the end.

High School kid https://youtu.be/6qJHm0UPAMM

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Post by truth Tue Jun 07, 2011 12:50 am

I think that historians, freed from the myth of St. Ronnie, will assess the rot as having begun with him with the sure and certain resulting collapse occuring during the Bush II years. The tragedy will be seen, IMHO, in the current hindering of the rebuilding process by the very same right-wing ideology (and many of the same people) responsible for the destruction.

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Post by truth Tue Jun 07, 2011 1:03 am

Post deleted by self. Responded to wrong topic.

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