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  • Jobs Decline in December as Obama Jobs Deficit Continues to Climb

    janjobsgapsmall

    Today’s Labor Department jobs report is a study in contrasts. For example, on the one hand the labor market is notably less weak than in recent months. December’s 85,000 drop in employment according to the payroll survey is markedly better than the monthly average of over 275,000 jobs lost during the third quarter and followed a 4,000 job gain in November. On the other hand, the Obama jobs deficit – the difference between current employment and the level President Obama promised when he sold his economic plan to the American people – has hit 7.7 million jobs. As Desi Arnez used to say on I Love Lucy, Obama’s “got a lot of ‘splainin to do”.

    Barack Obama promised that if elected he would create 3.5 million jobs by the end of 2010 through new economic policies, beginning with the enactment of a massive economic stimulus package. So far in his term in office, employment has dropped by about 3.4 million jobs, while the unemployment rate remains stuck at 10 percent. Accompanying his jobs promise, the President also emphasized accountability and measuring his presidency by results. The President’s jobs promise means total employment should be at least 138.6 million by 2010. Actual employment as of December was reported to be 130.9 million, leaving the Obama jobs deficit at 7.7 million.

    Fortunately, the economy’s natural recuperative powers mean the recession may be ending in the sense that overall output and incomes are growing, albeit slowly. Even so, job losses may continue for some months and a very high unemployment rate could persist for years. By his own standard, the Obama jobs deficit attests that his policies have so far failed and show no sign of succeeding.

    A fundamental course correction is needed. Unfortunately, Obama has signaled he intends to press for more of the same ineffective, debt ballooning fiscal stimulus that failed for President Bush, failed for President Obama the first time, and must necessarily fail again as Brian Riedl explains. President Obama should jettison his ideological baggage and begin to advance policies that would in fact and not just in phrase begin to help the economy, policies like halting the tax hike parade and cutting burdensome government regulations.

    Posted in Economics [slideshow_deploy]

    31 Responses to Jobs Decline in December as Obama Jobs Deficit Continues to Climb

    1. Jim, Indiana says:

      Abolish OSHA, abolish TSA, abolish EPA. Cut corporate taxes so businesses will stay in America, and get government out of the way. That's how you "stimulate" more jobs.

    2. Stirling, Huntingdon says:

      Welcome to Liberal Economics 101: Deficit Spending = Jobs saved, Green Economy = Created Jobs, Deficit balooning = Don't worry be happy, Larger Government = All the better, Taxpayers = Government ATM, Free Market System = Needs to be controlled by government (for the sake of the states intrest).

      Liberal economics not compatible with Free Market Economics, but is compatible with Obamanomics 101. :-)

    3. Bobbie Jay says:

      it's not worth the needless loss of profitable jobs, caused by regulations, mandates and government intimidations.

    4. jchenn says:

      The thorniest issue the administration will have to deal with was the misguided, slow and partisan way in which the stimulus was spent. They ramrodded a $770B dollar bill through Congress in three days calling it an emergency. Now, a year later, they've spent less than half. And whereas they promised it would go to "shovel ready" projects, istead the bulk of the money went to state governments, with two out of every three dollars going to Democratically controlled districts. Sounds a little like Nero was fiddling while Rome burned.

      Will they have some splainin' to do come 2010? More like a reckoning.

    5. BacktoBasics says:

      Obama does not want to create jobs AT ALL!!! He wants to change the US into a socialist-communist state. At the most he will try to contain the job losses so that the Democrat Party can squeak by as winners in November. Poor people are more prone to relying on big governemnt and he likes it that way. Full employment will make his “crisis-driven-change” agenda harder to implement. He figures that once he rams amnesty for illegals through that the Democrats will be in the majority for decades at least. He’s right abou that. But he will probably need 2 more years to get it done. So he will try to fudge it all the way to November but don’t exepct to see anything other than debt spending to try to get the unemployment numbers very moderatle and TEMPORARILY lower so they can squeak out a narrow win in November. If they get that they’ve got 2 more years to cement the amnesty for illegals – then its over for Republicans in any meaningful way….

    6. Pingback: Must Know Headlines 1.10.2010 — ExposeTheMedia.com

    7. Pingback: AntiObamaBlog.com » What Terrorism, Job Losses, and Health Care Have in Common

    8. Alan DeCarlo, Tennes says:

      Campaign promises in general are like hot air balloons.

      Once filled they rise into the stratosphere, then unforseen weather patterns can grab them, sometimes deflate them, sometimes blow them further off course, sometimes kill thier occupants in crashes, and sometimes they land safely.

      The problem with politicians is that they rearely pay attention to bona fide weather forecasters before sending up thier balloons. They prefer to listen to polsters instead

    9. Jeanne Stotler, Wood says:

      When job increase was boasted in Nov. they forgot to say that they were temp. jobs due to Christmas sales. Now these temps have been let go and we are back to pre Christmas and maybe lower. Just watch out this administration is up to no good, the MOB is in charge.

    10. Pingback: One Year Later: Obama’s Economic Hopes Are a Year Late and $13 Trillion Short | The Foundry: Conservative Policy News.

    11. Pingback: One Year Later: Obama’s Economic Hopes Are a Year Late and $13 Trillion Short | Step Down Obama

    12. Pingback: Welcome to America, Land of the Less Free? | Conservative Principles Now

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    20. Jordan, SC says:

      The free market does not in and of itself look out for the whole of society. When you get rid of OSHA, TSA, EPA, you cut jobs… even if you "cut" corporate taxes, so companies "stay in america," they will continue to oursources jobs. Just because you dont like Obama (because he is black or smart or whatever it is), don't blame him for this situation that the "free market" got us into. If you don't think we need to protect people and work for the common good, or you call that a "socialist-communist state," then please go to a place with no government regulations like Mexico. Just remember, the people who drive the products we sell, are then same ones we are trying to pay less for the sake of our own greed. We need the middle class, and we need to work to actually reconcile our differences instead of wishing this country to "fail."

    21. Pingback: CNN Poll: 3 of 4 Americans Say Stimulus Wasted | Step Down Obama

    22. Pingback: How Democrat policies cause unemployment to increase « Wintery Knight

    23. Pingback: Obama Continues Down Road to Greater Job Loss | The Foundry: Conservative Policy News.

    24. Pingback: AP Reports That Obama Jobs Bill Won't Create Many Jobs | The Foundry: Conservative Policy News.

    25. YJ Draiman, Northrid says:

      American values have been declining and continue to decline

      As entertainers, corporations, and even the government pander to the lowest common denominator, American life becomes increasingly vicarious, prefabricated, and bereft of meaning. Let us examines contemporary American consciousness, considering the factors that have driven society toward gossip and sensationalism at the cost of substance and depth.

      Celebrity news, video games, cookie-cutter schools, and shopping, shopping, shopping.

      We should be concerned with the growing epidemic of acrimony, superficiality, attention deficit disorder, and complaints of ennui. We should ask for the reasons why American children have expressed their confused rage with deadly weapons, why a president boasts that he earned Cs in college, and why society has drifted into craving entertainment laced with violence and cheap thrills. This is a provocative subject for concerned citizens, as well as for scholars and researchers involved with contemporary American culture and society.

      A lot of deep thinkers believe that Americans have come loose from their moral underpinnings, and that our basic institutions – government, neighborhoods, civic associations, schools, and, most important, our families – are coming apart as a result.

      Where on earth do these social scientists get the idea that things are going so wrong?

      Well, in large part they get it from listening to Americans, 87 percent of whom in one recent poll said they fear there is something fundamentally wrong with America's moral condition.

      And this is no short-term blip triggered by President Clinton's extramarital adventures. According to Daniel Yankelovich, an icon of American public opinion polling, huge majorities of Americans have for some time believed that the nation is “in a long-term moral decline."

      A widely held belief has emerged that this decline threatens democracy itself, since freedom without morality quickly deteriorates into a society filled with violence and perversion, which increasingly seems to be what we have.

      The Civil Renewal council's Call called for making divorces harder to get, giving benefits to parents who stay home with their children, making it easier for “faith-based" organizations to provide social services, allowing tax credits for donations to social service agencies, ending state-sponsored gambling, providing more education about the arts and more choices for parents in selecting schools, not to mention curtailing sex and violence on television.

      There's much in what he says. The Call's argument that freedom without morality inevitably becomes merely the liberty to perpetrate evil is complex and subtle.

      America was losing “the habits of the heart" that once protected the nation against the wretched excesses democracy might normally entail, such as the atomization of society into hedonistic individualism, or the tyranny of the majorities.

      Our contention that today we may be forgetting those protective habits fits a lot of available evidence of civic and social decline, such as the drop in voter participation, the rise in divorce, and the surge in youth violence.

      Overall, we found that Americans were doing less of just about everything together, and were, quite possibly as a result, becoming more distrustful of their government – and one another.

      Former Judge Robert Bork takes perhaps the darkest view in Slouching Toward Gomorrah, contending that America's slide into the moral abyss is probably irreversible, and questioning the optimistic premise about the basic goodness of human beings on which the nation was founded.

      All the indicators of social health continued to decline. I looked back and saw that they had been declining for thirty years or more, no matter what the economy was doing or who was president.

    26. YJ Draiman for counc says:

      We must take responsibility for our actions if we are to succeed

      “To put the world right in order, we must first put the nation in order; to put the nation in order, we must first put the family in order; to put the family in order, we must first cultivate our personal life; we must first set our hearts right.” When you start realizing that you alone are responsible for your own life, then things start getting better. It might be scary at first, because now you do not have anyone else to blame. However, there is a level of freedom associated with taking responsibility for your life. “The price of greatness is responsibility.” There is some point in your life where you can no longer be persuaded by what the crowd is doing. You can no longer feel comfortable with the status quo. You have this feeling deep within you that there is more to life and that, “if it is to be, it is up to me.” That day is a very good day, because you have just learned a major secret to life. You are the creator of your own destiny and only you can make your dreams come true. “Accept responsibility for your life. Know that it is you who will get you where you want to go, no one else.”

      Family, Honesty and morality are the foundation of society.

    27. YJ Draiman, Northrid says:

      Confronting the Challenges of Tomorrow

      While Cherishing Today

      Our world today confronts current economic hardship, which represent both a challenge and an opportunity for us to assert our ability to work together for the good of all. Efforts to combat abuse and waste have fallen short. Many countries around the world suffer from the shortage of resources such as water and energy, which threatens their stability and whose capacity and resources disable them from containing the panic, thus necessitating, in such a situation, assistance for those countries in dealing with the crisis. Our world also confronts numerous environmental challenges such as limited and declining natural resources, climate change, drought and desertification, all of which require the redoubling of worldwide efforts to address them in order to safeguard the right of future generations to a secure life. The scarcity of water and energy threatens the eruption of conflicts in different parts of the world, and the nations of the world are therefore called upon to maximize the benefit from, and the proper management of, available water and energy resources while respecting and protecting the acquired rights of nations to utilize and further develop those resources.

      We must work together as a cohesive force to expedite development of natural resources, eliminate the abuse of the environment. Utilize today’s technology to expand the desalinization of water increase and expedite the development of Alternative energy with an environmental balance.

      We must learn to appreciate what we have today while protecting and preserving our natural resources for our sake and for future generations.

      YJ Draiman

    28. YJ Draiman says:

      American economy in crises – a long time coming

      When a country and its society import more than they export for over a quarter of a century, it is bound to erod the economy to its primate state.

      We have only ourselves to blame, what goods and products are we exporting, what goods and services are produced in the USA, the answer is very little by comparison.

      In the past 50 years as our population has increased, technology advanced, we have become a nation that consumes enormous amounts of resources, we shop for competitive prices. Corporate America is constantly looking to increase the bottom line.

      Most of the goods for and by Americans and its companies are produced overseas and in the past decade with the advancement of telecommunications, many of the services sector are also imported.

      The increased costs of energy over the past 10 years, has affected the economy to unimaginable comprehension.

      This economic activity has eroded our economy to its core. It seems that the situation is getting worse every year. American debts are increasing beyond our wildest dreams, endangering the future economic vitality of our future generation.

      I hope it is not too late for our society to recognize the graveness of our economic predicament and its resolve to take appropriate action to stem the tide of our economic downturn.

      Americans are a nation of great technology and knowhow. We must utilize that technology and our resources to find new means to regain our economic independence.

      We must face and implement fiscal responsibility, both by the government and the population with its infrastructure of corporate America.

      It is no longer an option, it is a must if we as a nation want to survive and retain our way of life and economic vitality.

      Inflation, recession and financial crises are here. Let us take the bull by the horn, initiate immediate actions to minimize and hopefully reverse our economic crises.

      YJ Draiman, Northridge, CA.

      PS

      The US economy has enormous momentum. Metaphorically speaking, if someone turned off the locomotive that drives the US economy, the economy would go on for miles before anyone would likely notice something was wrong. But something has been wrong for many years. Is there really hope for the future? Maybe. But the terrible truth is that no one really knows. But if there is hope, we're already on the wrong track. And that has to change..

    29. YJ Draiman, Northrid says:

      The deterioration of family values R3

      Since World War 2 when women were encouraged to join the work force en mass, to replace the men who went to war and keep the economy and the war effort going.

      There has been The deterioration of family values R3

      a trend where a mother was not home to take care of her children, monitor their behavior, help with the homework and discipline when and where necessary.

      The advancement in technology has harmed family values. The Media and Television has totally destroyed any comprehension of values in our society.

      The lack of discipline and total disregard for authority and respect is clear to anyone who has watched the past 50 years and seen our society’s values deteriorate.

      One example alone is that 50 years ago a teacher was happy to go to school to teach, a teacher was respected and looked up-to, a teacher could discipline. Today teachers fear for their lives they are petrified by their students.

      This scenario caries on to other social interactions of society today, and the situation is getting worse and worse every year.

      You will notice that many families who come from other countries have a very strong family values, good education, respect and the children excel in their studies. That is because they have not had the chance to be influenced by our society.

      The education of our children begins at home and continues in school – the parents and the school must take a proactive approach to teach our children values and respect.

      In today’s society a teacher is not permitted to discipline a student, the teachers will be sued, not to mention that teachers fears for their safety.

      Parents in today’s society are also restricted as to how to discipline their children; in many cases parents are getting sued. In many cases children would never dream of treating their parents with such disrespect 50 years ago. Today some parents are afraid of their own children.

      Abuse has been and will be with society to eternity that does not give society the right to prohibit discipline; a few acts of abuse should not cause society to prohibit proper discipline.

      When an individual or individuals utilize a vehicle to commit a crime cause the death of others, does society prohibit vehicles altogether, no, a vehicle is very important for our everyday life.

      Well, the discipline of our children by parents and teachers is extremely important for our society and the preservation of humanity.

      It seems that our society is so busy chasing the dollar, fame and glory, that anything goes all values goes out the window. We should be an example of honesty, integrity and respect to our children.

      Are Americans patriotic and proud enough to defend, protect and bring family values back to America? Is America ready to fight for honesty integrity and justice in our society, eliminate corruption and fraud, waste and self serving programs?

      Re-invigorate our economy and decrease our dependence on foreign economies and resources.

      YJ Draiman, Northridge, CA.

      PS

      Tell me and I will forget

      Show me and I may remember

      Involve me and I will understand.

      – Chinese Proverb.

      We all want health, happiness, prosperity and life

    30. YJ Draiman for counc says:

      Bailout Scandal – What the Government Don't Want You to Know

      I was against the bailout of Wall Street since there were plenty of signs leading up to the crisis and they should have taken steps to prevent this crisis.

      We were, in short, bamboozled by the very financial institutions that we placed our faith and money into, and like most of you, I'm feeling… well, a little short changed. I, too, was shocked and angered when Congress and Bush authorized the $700 billion TARP Bailout of the Wall Street banks and AIG. I wondered just how these conservative ideologues of free market capitalism could justify saving this group of corrupt and failed managers. Where was the oversight of these “trusted” institutions of finance? What have they done to our pension fund investments and just where did all of those billions go? They didn't just evaporate from the face of the earth did they? These funds were lost due to negligence by the very people we trusted.

      When these financial institutions reaped billions in profits did they pay additional monies than required to the treasury? The answer is no, then what is the justification of a bailout. They are treated like the elite privileged institutions while the rest of the nation suffers. “This is our Democracy in action”.

      Last week, Vermont Senator Bernie Sanders, forced the Federal Reserve Bank to reveal the other side of this scandal. On December 1 of this year, the Fed made public that along with the TARP bailout, they loaned some $9 trillion in 21,000 transactions to banks and major corporations when the credit markets froze.

      These “secret, backdoor bailout” loans went to the likes of Wells Fargo Bank, Bank of America, JP Morgan Chase & Co, as well as to General Electric and Harley Davidson, to name just a few, there are many more. This information is available at http://www.federalreserve.gov, if you want the details.

      What really astonishes and angers us is how the Federal Reserve Bank can front these trillions of dollars to the very ones who are taking our money and now won't lend it. Instead, these very same banks are foreclosing on the homes of millions of Americans while millions more go unemployed and credit is still frozen for the vast majority of small businesses. This while the lending rate to these banks is near zero percent. Is it any wonder that the so-called recovery hasn't made it to Main Street yet? It is a phantom recovery, no tangible facts or actions. These very same financial institutions keep manipulating the stock market and make billions. If you consider that the dollar is worth 35% less than 3 years ago, you will realize the stock market has not advanced at all.

      I wonder what would happen if for just one day or 2 days out of the month “we the people” just stopped depositing “our money” into their banks? Stopped investing in the stock market for 5 days.

      I am reminded of that cult-classic film, Network, in which the fictional character Howard Beale gets on TV News and goes into his rant, “I mad as hell and I'm not going to take it anymore”! He then encourages his viewers to get out their pots and pans and scream out into the night with this cacophony and mantra. Oh if life were more like fiction or perhaps pretended for one moment that it was… It is time we the people demand what is expected from our elected officials.

      Then again, we are beginning to wonder what intrinsic value the real greenbacks have when our monetary systems can so easily be gamed and manipulated like a Vegas Ponzi scheme.

      Perhaps the words, “In God We Trust,” needs to be enlarged on our money certain nearsighted bankers, for it appears that we are losing faith in the Federal Reserve's guarantee that our money holds a value as anything other than “illegal tender” for an elite group of institutions that are guaranteed not to fail under any circumstances, while others collapse.

      Let us go back to be a producing nation, create something and bring jobs back to our country.

      Compiled by: YJ Draiman

    31. YJ Draiman for Mayor says:

      A polluted society

      The paradox of our time in history is that we have taller buildings, but shorter tempers; wider freeways, but narrower viewpoints.

      We spend more, but have less; we buy more, but enjoy it less.

      We have bigger houses and smaller families; more conveniences, but less time;

      We have more degrees, but less sense; more knowledge, but less judgment; more experts, but more problems; more medicine, but less wellness.

      We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry too quickly, stay up too late, get up too tired, read too seldom, watch TV too much, and pray too seldom.

      We have multiplied our possessions, but reduced our values.

      We talk too much, love too seldom, and hate too often.

      We've learned how to make a living, but not a life; we've added years to life, not life to years.

      We've been all the way to the moon and back, but have trouble crossing the street to meet the new neighbor.

      We've conquered outer space, but not inner space.

      We've done larger things, but not better things.

      We've cleaned up the air, but polluted the soul.

      We've split the atom, but not our prejudice.

      We write more, but learn less.

      We plan more, but accomplish less.

      We've learned to rush, but not to wait.

      We build more computers to hold more information to produce more copies than ever, but have less communication.

      These are the times of fast foods and slow digestion; tall men, and short character; steep profits, and shallow relationships.

      These are the times of world peace, but domestic warfare; more leisure, but less fun; more kinds of food, but less nutrition.

      These are days of two incomes, but more divorce; of fancier houses, but broken homes.

      These are days of quick trips, disposable diapers, throw-away morality, one-night stands, overweight bodies, and pills that do everything from cheer to quiet, to kill.

      It is a time when there is much in the show window and nothing in the stockroom; a time when technology can bring this letter to you, and a time when you can choose either to share this insight, or to just ignore it.

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