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  • Morning Bell: Unemployment Is No Laughing Matter

    As President Barack Obama swung through North Carolina yesterday, he did all he could to show that he cares about the U.S. economy, its 9.1 percent unemployment rate, and the 13.9 million Americans who remain out of work. Well, that is, until he let a bit of honesty slip off his tongue.

    During a meeting with his Jobs and Competitiveness Council—a group of CEOs the President created to give him advice on the economy—conversation turned to Obama’s $787 billion stimulus that promised to “create or save” 3.5 million new jobs by 2011 by pumping money into “shovel ready” jobs. Confronting the reality that his stimulus failed, the President quipped, “Shovel-ready was not as shovel-ready as we expected.” The council, led by GE’s Jeffrey Immelt, burst into laughter.

    But for those millions of jobless Americans who have not seen the promise of Obama’s stimulus come to fruition, unemployment is no laughing matter. Still, though, that reality escapes those on the left who continue to cling to the notion that President Obama’s big government, Keynesian policies have succeeded despite all evidence to the contrary.

    Case in point: On Sunday’s “Meet the Press,” host David Gregory confronted DNC chairwoman Debbie Wasserman Schultz with the cold hard facts—unemployment is up 25 percent since President Obama’s inauguration day, the debt is up 35 percent, a gallon of gas is up 104 percent, and 59 percent of Americans disapprove of the President’s handling of the economy. Wasserman Schultz’s reply that, in all likelihood, is still spinning like a top two days later: ”We were able to, under President Obama’s leadership, turn this economy around.”

    Obviously enough, the economy has not turned around. In a roundtable published by Barron’s magazine, 10 money managers and financial market experts were unanimous in their belief that slower economic growth is in store for the second half of 2011. Meanwhile, economists surveyed by The Wall Street Journal say that the biggest risk to the U.S. economy’s recovery is a slowdown in hiring. On average, they expect the economy to add just 2.2 million jobs over the next year. And to make matters worse, Bill Gross of the Pimco investment firm told CNBC that the United States is in worse financial shape than Greece when its public debt is added to all the money owed to cover future liabilities in entitlement programs.

    Or if you apply simple logic, if the economy had turned the corner, the President wouldn’t need to tour the country to convince America that down is up, night is day, and that he’s doing a great job getting people back to work.

    In another bit of unintentional Obama economy comedy, the LA Times‘ Peter Nicholas laments today that “traditional tools to jolt the economy [are] largely exhausted or unavailable” to the President—more spending and tax cuts are off the table, he writes, because Congress is “concerned with reducing the federal debt.” Remember, though, that debt comes from spending, and it’s Obama’s reliance on spending that has helped put us where we are today. Heritage’s James Sherk and Rea Hederman, Jr., write:

    The President responded to the recession with the stimulus, which massively expanded the size of government. President Obama now fiercely resists attempts to reduce spending and insists on dealing with the deficit by raising taxes on “the rich”—i.e., successful entrepreneurs and business owners. Increased government spending displaces private-sector business investment.

    Other Obama policies that have made America’s economic picture worse include the President’s health care plan (which makes hiring new workers significantly more expensive, while leaving uncertainty over future costs); an increased effort to foist unionization on employers and employees; a refusal to submit trade agreements with South Korea, Colombia, and Panama (that would create new business opportunities, along with tens of thousands of jobs); and an opposition to increasing domestic energy production, which will leave Americans to grapple with high energy costs.

    There are, in fact, things the President can do to help the economy get on the right track. As Sherk and Hederman note, it starts with opening the door for entrepreneurs and businesses to expand and create new jobs by lifting the stifling regulations and burdens that have been created in the past two years.

    President Obama might want to joke about jobs or downplay his failures as mere “bumps on the road.” He might also like to blame America’s troubles on the previous Administration or “unease about the European fiscal situation.” The truth, though, is a different story, and rather than joking, downplaying, or blaming, it’s time for the President to get to work on fixing the problem.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    71 Responses to Morning Bell: Unemployment Is No Laughing Matter

    1. Double Ace says:

      You folks are assuming he actually cares? The only thing Obama cares about is Obama. He would sell his wife (if anyone would want to buy her) and his children if it benefited him. He is a selfish man who is concerned only with himself. He doesn't care that so many Americans are out of work because he isn't an American, but he soon will be out of work.

    2. Ken Jarvis - Las Veg says:

      6 – 14 – 11 FROM – Ken Jarvis – LVKen7@Gmail.com

      Glynnda White, Orlando, FL on June 13th, 2011 at 10:44am said:

      Glynnda -

      PLEASE – Send me an Email -

      mine is LVKen7@Gmail.com

      I had never heard YOUR IDEA BEFORE, but it SURE sounds like something we should talk more about.

      PLEASE – Thank you – KJ

      I moved what you wrote to another file for future reference.


      Don Vander Jagt, Grand Rapids, MI 49534 on June 13th, 2011 at 11:18am said:

      Yes; Ken Jarvis, things may get better if either, your friend Mr. Obama gets us to the bottom and there is no other way but up, or when the American voters understand his desire to destroy us and they vote him out of office!

      *** Thanks – Don Vander Jagt, Grand Rapids, MI

      Things would get a LOT better, a LOT faster if ONLY HF and Murdoch would REMIND THEIR READERS – THINGS WILL GET BETTER.


      "I don’t think it takes much to mesmerize and manipulate an audience of trusting viewers." and "Ann Coulter saying that she wished that women didn’t/couldn’t vote because they vote for democrats."

    3. Ardath Blauvelt, Hol says:

      IF the man wanted to fix the problem, he probably would. The average America rube could tell him how. He clings to his so-called convictions because they serve him well: destroy the private sector in all regards, then blame the sector for its failures and walk away with government largess, power, perks and personal satisfaction.

    4. Lyn Ridenour Wabash says:

      Just don't understand how people think this comment is so funny!! How can he say he is for job growth. Look at the Boeing fiasco. According to him and his admn. only if you are a union that is supporting his re-election will you get jobs and federal contracts. He is not at all funny, but he is a joke to our America!

    5. Don Beller says:

      Our Country is in a nose dive and our President is not pulling up the nose up. I am sick and tired of hearing the dems twist the numbers to make everything seem better jobs, economy, gas prices, food prices, housing all in the toilet they can't fix one of these problems. Putting blame on the past administrations is bull do your jobs and the things you and your team promised Americans.

    6. tim says:

      i am watching to see the unemployment numbers get "fixed" so they look attractive a year from now , they will show lying improvement and people will still not be employed…….the current 9.1 percent number could easily become 8.2 percent by using obumma math. by june 2012….

    7. David, Kansas City, says:

      I would only quibble with your final admonition that the President should get to work fixing the problem. He can't. He's not capable. He has no idea what he's up against because he doesn't understand what makes business men and women in the business trenches tick. Everything he has done affirmatively to "fix" the problem evinces an animus towards those people and a failure to understand free market economies. We need him to not doing anything more.

      Now, if you mean that he should "fix" the problem by telling his regulators at the EPA, NLRB, and FDA to stand down and let the free market work, I agree. If you mean that he should "fix" the problem by removing his union roadblocks to the free trade agreements, I agree. If you mean he should "fix" the problem by getting out of the way of Congressional Republicans who can and have advanced numerous ideas for restoring fiscal responsibility to our federal system, I also agree.

      But it is not a matter of the President's doing something to fix the problem. It must be a matter of the President's NOT taking any additional affirmative steps and, instead, removing those barriers to success that he has already put in place.

    8. ArnieJAG, Newtown, C says:

      Let's face it, this guy never had to meet a payroll, obviously never took ECO 101 and basically is along for the ride. Delegates virtually every thorny issue to his staff and makes his decisions known late Friday.

      Totally inept. If his desire was and is to destroy the Republic ala "The Manchurian Candidate", he is succeeding. If not, a total failure as a leader as most of us knew he would be before he was elected.

      You get what you ask for.

    9. Robert, North Richla says:

      The best measure of unemployment, the Obama/Boehner Index is now above 17% and Obama is giving teleprompter speeches while little johnny sips wine. If only 20% of the so-called stimulus actually went to new, "shovel-ready" infrastructure projects, we would have created over 5 million jobs. Where did the money go? Wait until the airlines realize they are done. Wait until the housing industry admits they are finished. As oil drops to $97 per barrel, gasoline futures are trading at 50-cent premiums, compared to 2008. And you say speculation in our U.S. commodities markets is NOT a problem. Hedge funds have shifted their focus to RBOB gasoline futures to allow oil to dip slightly. Enjoy your $ 3.70 gas!

    10. William Logsdon, Boi says:

      Excellent article!! Right on point. Hard hitting and should be required reading before entering the voting booth in 2012. Keep up the good work.

    11. George Colgrove, VA says:

      According to CNS News 1.9 million fewer Americans are working since the stimulus went into effect.

      14 million Americans are out of work.

      Add to that, the 800,000 unfunded federal workers and the countless state and local government workers who are also unfunded, the outlook on America looks dire. No this is no laughing matter!

      With the $8+/- trillion of Keynesian spending policies since 9/11 has got us no where and is now taking us down. Annual interest payments will take $400 to $500 billion out of the economy and into the hands of wealthy investors. If our debt looses its current stature that interest payment will go up. If we continue to mount significant debt, that payment will go up.

      All of Obama's stimulus spending was unfunded. All of his new federal worker positions he or his workforce created since 2009 were unfunded. And are we better off? ALL indicators look like nothing he or Bush tried helped. Low taxes had an initial shot, but that has worn off. What hurt was the massive deficit spending. After today's addition of $4 billion in more debt, things will be even harder tomorrow. To start the fix, we need to start to cut.

      Increasing Taxes will not help – the economy will collapse.

      Decreasing Taxes will have only margenal benefit but will provide no job growth benefit as personal debt will be the focus for people.

      Increasing spending IS NOT WORKING!

      The only way out, is a balanced federal budget for the remainder of this year and beyond. One that pays the full interest and starts to pay down the principal of the debt. One that stays within the current tax structure.

      Once the federal workforce is at bay and leaves us alone, we in the private sector can on a more organtic level slowly start the economic engine, one dollar at a time, one employee at a time. It will build and become strong once again.

    12. Denise, Utah says:

      I think what President Obama is doing is having exactly the results he has in mind. He believes in redistribution of wealth not in a national sense but in a world sense. When Americans are living under the poor conditions of third world countries he will be satisfied. He looks at America and Americans with disdain and contempt. I think the voters should have asked him what he meant by his campaign slogan "hope and change". What I think he meant was "hype and chains". Fellow Americans, we have been duped!

    13. Curt Krehbiel, Midla says:

      "The truth, though, is a different story, and rather than joking, downplaying, or blaming, it's time for the President to get to work on fixing the problem."

      The "problem" as President Obama sees it is capitalism. His solution is to replace it with socialism. In order to do so he must first destroy capitalism and the deficit spending, tax increases, massive new regulations on business, high unemployment, providing more entitlements to the jobless to buy votes, are the vehicles being utilized to do so. Capitalism can be resurrected only by turning out Obama and the liberals in the house and senate with a landslide victory at the polls in 2012.

      Curt Krehbiel

    14. Norm LA says:

      This president has almost achieved his goal to bring America to where he feels it should be and his jokes only go to show that is a sad truth. The jokes only go to show his real feelings about 14 million Americans. His LED visit also proves his effort to destroy mfg in this country as he has said we should be a service orientated society. He went to a stimulus recipient who is shipping jobs to China. He cites the Fin Reg bill that helps consumers; what to pay higher fees ? However it is currently inconvenient as he wants to continue after Jan 2013 through re-election and knows history does not favor that with 9% unemployment.. He has not completed his destructive plan. We are on the way to single payer, but not quite there. The green movement is not as far advanced in breaking down all manufacturing.

      His policies though only change in words, not in reality. Increased taxes, more regulations, verbally and actionable assault on corporations for 3 years and then says hey; why aren't you creating jobs ? Only in the last couple of months has he thrown nice words in speeches that his writers think sound good, that he cares about this country. After a successful campaign though, those nice words will be gone. He can "get to work on jobs", but his ideology would only destroy more jobs. Saying "Things will get better" does not make it happen, nor do little feel good things like Cash for Clunkers and credits, which are band aids. Things will get better when policies that have worked in the past, under Kennedy, Reagan and yes; Bush are implemented.

    15. mike hutchings says:

      unemployment is a tool and a tether to washinton…..it is a laughing matter to the elite who see those below as cash cows….the elites do not have concept of production…but are educated to be managers of whats already there….how many people have been put out of work by the EPA…in texas a lizard is the latest recognized godhead of the greens…more to the point the monopolies….public and private behind them…and unions…the employment of future generations has been subordinated to the needs of the present and the past generations…with IOUs that were designed to be picked up by goverment…all along….unemployment is not a laughing matter….but the president and his embedded legions in the state media are laughable in their approach….to us at least….they apparently take themselves quite seriosly…which in practical terms is laughable unto its self…their approach…. which is more theory than fact…more window dressing then real down home stuffing for this turkey they want us to be thankful for….

    16. B. Eric, Syosset N.Y says:

      The Keynesian model sounds good on paper but as an econometric model it simply does not work. If you imagine the economy as a pie chart the goal of growth in the economy is to make the pie bigger. Remembering that the Gov't can only get money in 3 ways, taxes, borrowing. or printing (none of these grow the enonomy) The 800 billion dollar stimulus(Keynesian pump priming) merely moves money from one slice of the pie to another. This does not and can not grow the pie. The stimulus was a payoff to the unions, nothing more.The bailout of GM and Chrysler was a payoff to the unions nothing more.If Congress had any brains or guts. the stimlus never would have passed. but the Democrat congress were stupid to believe the a model that had never worked would all of a sudden work miracles'

    17. Harold R Cram Tomah says:

      This president could be re-elected simply by cutting cap gains to zero, cutting the tax on corporations to 15%, and making the Bush tax cuts permanent. Sadly, it looks like he is going to stick to his failing policy, and kick the problems down the road. Down the road could mean that changing things will be a lot harder, and could result in riots, and problems like we are now seeing in Greece. We are seeing results already in our State, where our gov. is trying to get us solvent again. Union riots, recalls, and general unrest is what we are seeing. It remains to be seen if the Republicans can stick together, and prevail.

    18. LibertyAtStake says:

      Being a Keynesian means always being able to say you didn't spend (waste) enough money. Just another trillion please, that should do the trick.

      “Because the Only Good Progressive is a Failed Progressive”

    19. Wayne Harper, Spirit says:

      You wrote "The Truth ……………….. is it's time for the president to get to work on fixing the problem"

      1st he has to recognize the problem … WHAT PROBLEM .. He thinks the fix is in.

      2nd .. He has to surround himself with people "smarter and wiser" than he is. He doesn't beleive there is anyone "smarter or wiser" than his very own self.

      My daily prayer is that if he gets re-elected, those that vote for him will be the first in the food lines, right afer they finish rioting in the streets cuz they didn't get their govt checks

    20. Helen LeGrand says:

      When our service men come home where are they going to work? The young menwill go to collegeif possible but most will be looking for jobs. I suggest that we build technical schools that are very much needed and can put our brave soldiers to work quickly. Another idea I have is to call meetings with large companiesto add to their current staff. Ask these large companies to hire more people to fill out their staff. Presently, when someone leaves they don't hire anyone to fill the job but divide the work amongst the remaining employees. I have a friend who works for a large company. They laid off his boss and he had to pick up the work load. Now he gets home at 10PM instead of 6PM. I hope these ideas are helpful. Helen LeGrand, Presidential Advisor

    21. Robert says:

      You end your article with the remark that it is "time for Obama to get to work on the economy". Which begs the question: Why would you want more? He's already done it to the country.

    22. c. jackson, Nevada says:

      Our 'Rockstar Organizer President' doesn't care about US!! He wants all of us to be a welfare state and depend on his 'wisdom' and his 'caring medical plan'

      ARE YOU KIDDING? We can't hire anyone in our small businesses, cause this 'medical plan' is gonna cost an arm and a leg. WHERE DOES THIS GUY GET OFF? AND GET OFF OUR BACKS? SERIOUSLY 2012 WILL BE AN AVALANCHE AND HE WILL BE SWEPT AWAY.

    23. Jim Patterson, Dulut says:

      let me see now, 800 billion in stimulus money and I am still waiting on the unemployment rate to fall to 8% as PROMISED by Prezbo. Oh wait, just throw this into the bag with the other unkept promises. gee, the bag is getting very, very full.

    24. LEE KENAGA says:








    25. John Arizona says:

      It's people like Wasserman-Schultz who refuse to see the failures of the Obama policies and ideology who will push forward to ruin this country. What is it that they can't see? How blind can they be? One would think they're taking their cue from Ken Jarvis!

    26. Judith in Michigan says:

      This reminds one of Hans Christian Andersen's famous fable, "The Emporer's New Clothes". You could say "The economy is great!" until you are blue in the face, but it isn't reality. The recovery of our disasterous economy just doesn't exist. So, who is kidding whom?

      Do we believe the leftist radicals in this administration who are trying to convince the world of the beauty of the golden carnage they are weaving on their Socialist looms, or do we believe the person who, armed with facts and statistics, has the courage to stand up and say, "But he has nothing on!"?

      Can anyone convince me that this destruction isn't deliberate?

    27. Sherry Taylor, Georg says:

      Where is a list of these CEO's and their companies so I can make certain i don't use their products. They think this is funny. They think Obama is humorous. Fine, I think they are jerks!

    28. KC - New Mexico says:

      Okay – so the President is the bump in the road. But so are the many professional politicians in Washington – on both sides of the aisle. They are not going to own up to the failures of increasing jobs or fixing the economy. They are too busy getting the most out of their elected position to be really bothered with trivial things like being unemployed. Not only the unemployed on record but this issue is also about those that just gave up trying to find work. There are also a lot of Americans who now hold more than one job just to make ends meet (they cannot raise their level of debt). Bottom line – Washington and the President are out-of-touch with what American citizens need and with how to salvage this great country. Obama ran on the “yes we can” – well yes we must get rid of him and most of the professional politicians who are corrupt, immoral, and basically don’t give a damn about this country. It is time now for Americans to take back this country and take control of its government. YES WE MUST IN 2012!

    29. alan, Ohio says:

      He has made so many critical comments of his own policies that someone needs to accumulate all of them and run them in a 60 second commercial as self-indictment of his own detrimental actions.

    30. Cindy Zapotocky, Spo says:

      The saddest part of all this for me as a former GOP County Chairman is that our party leaders, led by Pres. George Bush, launched the first bail out initiative rather than face the music and do what was right for our nation. The same crowd is still in control of D.C. Their lack of courage has cost this nation dearly, and many voters know it. They need to step down and go away, but don't want to let go of power. This attitude is badly damaging our great nation.

    31. Jeff, Fountain Hills says:

      The president cannot "create jobs". He can only take money from some us and give it to others. He has "created" nothing in so doing, assuming he does no damage in the process. The latter, however, is wishful thinking because in so doing he absolutely does do damage.

      Fed chairman Bernanke seems to follow along, printing money to cover our debt. Steve Forbes in the current issue of his magazine calls for the "immolation" of the IMF. In describing its founding, he says that the main impetus was to make short-term loans to nations struggling economically in an effort to prevent them from devaluing their currencies. Our currency is being so devalued by this administration that perhaps the IMF will loan us some money. Oops, I forgot. Most of their $375 billion in assets came from us. But then, maybe their rates are better than the Fed's?

    32. Basia says:

      Both Obama and Jeffrey Immelt are unbelievably arrogant jerks. They think joblessness and wasted stimulus billions is funny? All the more evidence to show that they have little regard for "we the people". We the people that work and pay taxes and we the people that need work. This is the worst president in American history. Not only is he incompetent, but amazingly arrogant as well. We the people will be heard in 2012.

    33. Dr. Henry D. Sinopol says:

      Barry O. & Michele "my bell" are characteristic of 3rd world leaders. They are experts at spending O.P.M. (other people's money) while living in subsidized housing and treating themselves to the best we can pay for. Supporting this guy in office or any Pelosi & Reid democrat is like continuing to bail out the poor in Africa…we have been doing it for centuries but the leaders, live large and suck the system dry.

      Obama, Pelosi, Reid, Ms. Frank & 'my bell' could care less about other people being unemployed as long as they get fat off the American people.

    34. Jeanne Stotler,Woodb says:

      He's like the Ostrich with it's head in the sand. People voted for an unknown, who's only actio were an incomplete term as a state Sen., part term as a U.S. Sen. who's votes were mainly "present". Being US Pres. is NOT were a politician should go for training, when he refused to show records of health, education and birth, a large RED flag should have gone up. When people saw he needed a teleprompter to talk coherently they should have said" WHOA" . there were many signs prior to th election in 2008 but instead of listening to the words they saw a Black Man who could read well and ignored his background of associating with thos who were out to destroy America from his pastor to the assoc with Ayres. As the old adage goes "Lay down with the dogs nd get up with fleas" Now we are paying for it and will continue to pa for many years to come.. Getting out of this mess will take the next four years plus, the first is get rid of Obama care, promote jobs here in USA, encourage companies to bring BACK to AMERICA the jobs being outsourced, decrease the size of gov't. put education back into the hands of the state, let States provide safety in their Airports, just eliminate all jobs that were created in the past 4 years, and limit the number of ides to the first Lady and pres.

    35. Leith Wood Richmond& says:

      What a travesty! Obama and his troops are never going to admit that their policies have brought the country to the brink of socialism and the end of the American dream. It takes a big person to admit mistakes and that he is not. Out in 2012, if we want our country back.

    36. jim delaney says:

      Obviously, all of what you say is true. But, in the final analysis will it matter at the polls?

      The problem lies with the 52% of Americans, already receiving gov't benefits, who will likely prefer unaffordable government handouts over the unvarnished truth that our economic ruin is fast approaching. For these voters, self-destructive, me-first avarice will nullify their brains and undermine commonsense. And therein lies the cause for our Republic's ruination. The enemy is us.

    37. George Fischell, St. says:

      There is no way to spin the bad news into good. The economy is in a tailspin.

    38. Kaydell Bowles, Brig says:

      It should be no surprize to the American voters of our current economic situation. We all believed the Kool-Aide given to us by the Liberal Media. The same one that ensured the American public he was the great Moses of our time to lead us on to new heights and all the shovel ready projects.

      Yet a few, who the Liberal Media called mad men and racists, warned us about his associations, his autobiography and later another book that he was not the Moses they claimed. His slogan, "Hope and Change" that he wanted was 180 degrees out of phase that the Americans wanted. We are now reaping the seeds sown by the Liberal Media and President Obama.

      Our only way out is to make sure President Obama is a one term President!

    39. C.M., Oregon says:

      He's laughing because he's trying to brush it off like it's no big deal. All the Keynesian economists are screaming "more stimulus– not less!" because they just view the economy as a problem with money supply. They try to solve it by either printing more money to distribute or taking it from one person and giving it to another.

      But the rest of us (who think beyond that first point) question how that creates sustainable growth and wealth. It doesn't. It's a short-term disruption just like giving money to a pan-handler–it may solve their immediate crisis, but it is not a long-term solution to their poverty.

    40. Mike from Long Islan says:

      President Obama is a "dead duck". He is psychologically incapable of changing his mindset as to the facts of the situation. In other words,"He has his head in the sand like the proverbial ostreich". Too bad for America!

    41. Victor Barney, LeHig says:

      Again America, too little too late! Women and blacks and alternate lifestyle people control America and the "devil" is in the details, as all will soon find out to their dismay!

    42. Paulc says:

      Never more appropriate to the Democrat party than the book of Wisdom as they are labeled by just one of many sins of supporting the ripping from their mothers womb limb by limb their very child in the abortion process

      The book of Wisdom vs. 4-5

      4 Wisdom will never enter the soul of a wrong-doer, nor dwell in a body enslaved to sin;

      5 for the holy spirit of instruction flees deceitfulness, recoils from unintelligent thoughts, is thwarted by the onset of vice.

      Some things never change.

      The Democrat Party at this time is morally disgusting.

      When there is evil their is no wisdom.

    43. Michael N Hansen, Ho says:

      Although I've heard several people, including your Moring Bell commentary, criticise President Obama's quip about shovel ready projects as being an affront to those out of work, it struck me a different way. Upon hearing the comment, I immediately thought that President Obama has finally admitted he and the other Democrats pissed away nearly a trillion dollars in stimulus spending on projects that weren't ready for funding or worse never existed. I found Obama's cavalier attititude towards wasting a trillion dollars to be an affront to all Americans who will now have to pay off the national debt with their hard earned dollars, suffer from inflation or other consequences..

    44. P. Griffin, Indiana says:

      It is nothing less than deplorable that Obama would joke around and make a quip about shovel-ready jobs not being as shovel-ready as his administration thought, when we have a deepening recession, a weak dollar, and record numbers of people unemployed or underemployed who are losing their homes (thanks, by the way, to the government's mishandling of Fannie May and Freddie Mac). This totally unqualified, narcissistic, arrogant, dangerous empty suit of a man is heartless and totally out of touch with the people, and it's a disgrace that he was able to bamboozle enough people to get elected to even one term in office. Now it seems he's either on the campaign trail (Did he ever stop campaigning?) hoping to get a second term, or on the golf course, or taking part in another elegant White House dinner party, or on another lavishly expensive vacation "because it's hard work being President." He gives absolutely no thought whatsoever to all the people in America who are barely hanging on by a thread because of his policies and his reckless spending. I hope those people who were foolish enough to vote for him in 2008 are seeing just what kind of jerk they put in office.

    45. Kevin H, college par says:

      Nice picking and choosing of numbers. You mention the unemployment rate going up. Finny how you leave out that the stock markets have doubled since the 'failed stimulus' was passed. GDP went from '-6%' growth to '+6' grwoth sicne the failed stimulus. Retail sales went from '-10'% to it's current '+7.7' since the failed stimulus. Consumer borrowing has jumped up since the 'failed stimulus'. Real Hourly Wages went from '-2%' to '+2' since the failed stimulus. We went from losing 750,000 jobs a month to adding 200,000 jobs a month since the 'failed stimulus'. Consumer confidence has more than doubled sicne the 'failed stimulus'. Personal income has gone from more than '-5%' annual chance to nearly '+10%' annual change since the 'failed stimulus.'

      Basically, facts and history show that the way Dems and Obama approached the greatest recession since the depression was absolutely the correct way – and the only way. The backwards idea that more tax cuts will help is absurd. They are what got us in this problem. I don't know why you think Hooverism is the correct direction. Do you remember when Hoover demanded budget cuts to try and fix the situation…and we ended up int he great depression.

      As much as you try and play with numbers and try and trick those who don't understand economics, the conservative economic theory does not and never has worked on a sustained basis.

    46. Busapha says:

      Why do commentators say things like, "the president needs to get to work on the job problem". The President is working on all the economic problems. He is doing his best to ruin U.S. economy just like George Soros wants him to. I wonder why anyone treats him like a person who just doesn't know how to fix the situation. Those in power know how to fix it; they just don't want to. Their goal is to bankrupt the U.S. and then take over wtih a socialist or communist regime. Seems simple enough.

    47. Renny, Maryland says:

      First, why are we pumping money into the OBcare plan, wasn't it decalired unconstitutional?????????

      Second: "DO NOT RAISE THE DEBE LIMIT!!!!" If you do, your intelligence and reputation are SHOT because you pissed away our country!

    48. Don Vander Jagt, Gra says:

      When it comes to jobs in America most of the time the folks running for president as Republicans use the wrong terminology, either out of ignorance or they don't know any better.

      This is the one area man has some control over the climate. Government cannot create any good productive jobs, Government can create a climate conducive to job creation, and that is the message the Republicans need to stay on, explaining in detail changes in policy that would likely create X amount of jobs and X amount of spinoff jobs. They need to do that in the area of energy, manufacturing, technology and any area where the private sector is being restricted through foolish environmental restrictions, governmental mandates and counterproductive taxation.

      They need to do the research or have somebody do it for them so that they do not use numbers from one imagination like the left is prone to do.

      They need to also consider finding people in the private sector who are actually affected therefore restricted by the government and their desire to expand or maybe even begin a business.

    49. Dwana Townsend, Harv says:

      "It’s time for the President to get to work on fixing the problem.” What are you kidding me?? This President has never had to WORK a day in his life. What would he know about getting to work? All he looks like he knows how to do is PLAY and deligate important issues like budget talks to his imcomptetent staff, Joe Biden.

      Today he is jet setting again to some foreign land while we the American people are still waiting on a PLAN, a SOLUTION, SOMETHING, ANYTHING. And the media is still stuck on Weiner. It is time to move on.

    50. Robert, North Richla says:

      We defeated Nazi Germany in three years – and the Japanese empire in less than four years – and we fought them both simultaneously. Plus, we were not prepared for that war when it started. We could fix the technical issues (bad laws, duplicate regulations, duplicate agencies and bureaus) in a few months, and see rock-solid progress on everything in less than six months. But not with the November Liars Club. Right now we have 527 rotten, stinking, liberal liars in Congress – the initial after the name is completely meaningless.

    51. Jim --New Haven, Ct. says:

      Kevin H., where do you get your numbers?? Adding 200,000 jobs a month??? What about the more than 400,000 people who are applying for unemployment benefits for the first time?? EVERY WEEK FOR SIX MONTHS!!!

      Do the math.

      Personal income going up?? For who?? Those who are employed as a union member??

      Figures don't lie and, etc. etc.

    52. michael j mudrak car says:

      How could someone who never worked a day in their life know what a shovel ready job is,?

    53. Henry says:

      oBAMBA IS A JOKE FROM THE DEMOCRAT PARTY. This prez. has never worked a day in his life. It's been government hand out for he and Meshell. You have to work and know what it means to go hungry before you can fix our problems.

      He has received his by and through affrimative action.

      What is the U> N> agenda 21? Parts of it got snuffed by congress. OH YES, MANY STATE GOVERNMENTS ARE INTO THE AGENDA 21.

    54. WBN Albany Georgia says:

      If this were not so serious it too would almost be funny.

      This administration has been going around for the last two years trying to convince middle America that the Bush administration was responsible for all of this mess. The left of course soaks all of this up because they are in effect zombies. Willing to believe everything that the WH and the lamestream news media tells them with zeal.

      There is no recovery, and the mere fact that this president ADMITS that the stimulus, that he said would would turn this economy around and create or save 3.5 million jobs, at a cost of almost $1 trillion in hard earned taxpayers money, has indeed failed; should bring any rational person to one inescapable conclusion. If the stimulus failed, then what brought about a small momentum in the economy?

      Business did. Plain and simple. FDR tried the very same tactics during the great depression and after many years of the government trying to inject money into the stagnant economy it finally recovered. One of his closest confidants admitted later that he was sure that all of the money prolonged the depression.

      If the Federal bureaucracy would step out of the way and let business in this country do what they do best. This econ=my would rebound. The over regulation and excessive taxation is the exact reason that many companies have relocated out of the country. Due to globalization and the loss of profits, they had no choice. Blame Clinton and NAFTA for all of this. Then talk to Barney Frank and Chris Dodd for this housing mess that we are currently in.

      It's funny how the liberal left and the Democrats think that they have all of this money at their fingertips, to pay for all of the entitlements that they think that everyone and their brother somehow deserves. Any hardworking American could sit down with these MORONS and teach them a thing or two about being fiscally responsible. And the Dems are no more or less guilty that the Republicans. All of them will line their own pockets with all that they can and not a single one of them could care less about this country or the citizens that reside here.

      And their conduct is disgusting. They should be forced to sign a code of ethics before taking the job and the least transgression should result in their losing their job and their pension. After all, we foot the bill.

      If you want to end the fiscal nightmare that they have forced on us, it is relatively simple. Quit spending, balance the budget and throw away the current tax codes and establish a flat tax that is the same for everyone with no exceptions. All should pay their fair share. Regardless.

    55. Kevin H, College Par says:

      The debt limit must be raised. It is insanity to even cosider not raising it.

      What happens if you buy things on a credit card, then decide not to pay it? What happens if you sign onto a home loan/mortgage, then decide not to pay it? Your rates will go up and you put yourself in even a bigger whole with a worse future laying ahead, both in the short and long term.

      That is what some people are proposing – to not cover the commitments made in the past. This is not about new spending, it's about past spending. If we don't raise it, our interest rates will shoot up, making our debts and deficits even worse and the future much bleaker. We're already trying to claw out of a horrible recession and refusing to raise the debt limit would be disasterous.

      Every legitimate economist on both sides of the aisle would agree.

      And we all must remember, the President who raised the debt limit the most on US History is President Reagan, who had it raised 17 times. The second most times it was raised in a presidency was 7. Reagan raised it 17 tiems yet those who claim to love Reagan refuse to believe the utmost importance of raising it, which their idol believed.

    56. merlita ayos says:

      His administration is a complete failure..,the worst President ever..

    57. Cathy, Lancaster, Ca says:

      Unemployment is no laughing matter! I will be one of the unemployed July 1st. I am not looking forward to file. I wish it were different. I am already looking for another job. The only thing out there is part time at Walmart, and even Walmart is bursting at the seams with hiring as many as they can to keep the economy flowing.

      We need to lift all the restrictions on big companies so they can expand and bring the jobs back to America, not overseas.

      We need to cut all the extras that the government officials get. If we all ran our household budgets like Washington is running the national budget, we would not be America, America would be gone.

      If you don't have the money, you don't spend more, you STOP spending until you are caught up, you give up extras, and you pull your belt tighter, are you listening Washington?? No more spending of monies that aren't even there.

    58. Margaret from Miami says:

      Kevin H. is very amusing when he says that conservative policies never worked over the long run. Let's review where the "long run" of wealth redistribution" leads. Take a look at what's happening to Europe now, or, on a grander scale, what happened to Russia and the other Soviet countries. Wow. That's really confidence-inspiring.

    59. Polly, Anaheim, CA says:

      Jeffrey Immelt can afford to laugh; he gets away with not paying taxes; thanks to his buddy, Obama. Bet he never had to lift a shovel.

    60. 2dokie says:

      The Pres has no intention of abandoning his grotesque agenda. Neither he nor his accomplices have any idea of the tremendous opportunity they're refusing. The labor idiots refuse to see China and India looming over the horizon…they still think they can bluster their way to more..of everything. The Acorn crowd thinks federal grants and phony fronts will work forever. The Boeing-NLRB debacle and the EPA- Energy resource disgrace would turn the employment picture on its head, to say nothing of what the economy would do almost overnight. Impeachment anyone??!!!!

    61. Denise, Utah says:

      What planet are you living on Kevin H.? Spend more money? That is the most ridiculous thing I've heard. Maybe if Obama would have doubled that and spent 2 trillion the economy would be heading for the moon right now. Just who do you think is going to have to pay this debt off? Generations of people for years to come will be cursing this administration for this big stimulus experiment that DIDN'T work. You can't spend money you don't have without going into debt neither can the government. The money this administration is spending hasn't even been earned yet. I don't understand why all the liberal freaks don't just move to Russia where the people there are sharing the poverty in their liberal socialist utopia. "Socialism works until you run out of other people's money"(Margret Thatcher). Read the book The Red Carpet and you'll see first hand how governments are DESTROYERS of wealth. I'd like to know how much each one of those shovel ready jobs cost. There are some numbers to research, Kevin, if you know how.

    62. Denise, Utah says:

      The stock markets are rigged, Kevin. The Fed is propping them up. You might want to move to Nevada and get to know Ken Jarvis. Maybe both of you can win big at the casinos in Vegas. You would have better odds of winning than getting a decent return from the stock markets. Just don't forget to cut a check to the Federal Government for its share of your winnings. I hope that works out for you.

    63. 2dokie says:

      Kevin H: Hoover tried taxing us out of 1930 and the dumbocrat-press cabal destroyed him for it. Then FDR tried deficit "investment" and would have failed if WWII hadn't saved him!!! Have anice dose of reality…conservatism works every time!!

    64. Glynnda White, Orlan says:

      The only thing I can say about this article……

      Prez Obama is laughingly telling us……"The joke's on you"

      I have to say the poster that came out from some young lib during the first month's of his presidency depicting him as the "Joker" from Batman was a correct portrait…….


    65. Mike, Hickory, NC says:

      From the end of the article above titled "Unemployment Is No Laughing Matter", quote: "The truth, though, is a different story, and rather than joking, downplaying, or blaming, it’s time for the President to get to work on fixing the problem".

      That, after, yet again for the umpteenth time here for Heritage's "The Foundry", "The Morning Bell", actually factually describing the only too abundantly and painfully evident how Obama and his so-called "Progressive" government elitist and statist Comrades have absolutely no intention to do anything other than exactly what he and they are doing, which is so also evidently in lock-step with Cloward and Piven and others such as they who write and urge to subvert, undermine, and overload the system, to so cause its' collapse and destroy it, and replace it with a Communist/Socialist system, with of course, what amounts to a dictatorship (a.k.a. "one, strong, 'leadership'"), as if riding to the so-called "rescue".

      Such describing of the only too abundantly and painfully evident, such as how only too abundantly and painfully Obama, and those of his ilk, are making it that they have absolutely no intention of ever doing anything other than what they are doing, no matter what, but then saying such as "it's time for the President (Obama) to get to work on fixing the problem"…the very problems he is exacerbating and creating, so very much exactly like Cloward and Piven prescribed…is rather like trying to tell rabid wolves to stop raiding the farm and destroying everything in sight with their poison, including the Golden Goose of freedom and free enterprise which makes everything possible and pays for it (including government bills).

      And I, and probably uncounted scores of others, are starting to despair and give up hope that Heritage will ever stop so repeatedly describing how the rabid wolves, such as Obama, are raiding and destroying everything in sight, yet calling for what is evidently and obviously neither forthcomming nor to be expected from such as him, such as actually working to protect and defend the Constitution of the United States (as written), our Constitutional freedoms and rights, and everything they make possible and promote, including private businesses and jobs instead of dependence upon and thus control by government.

    66. Mandy, TX says:

      Reality has a way of slapping around those who deny it!

    67. Pingback: Where Are the Jobs, Mr. President? | The Foundry

    68. Stephen, South Carol says:

      Obama's major work prior to his political career was "community organizer." One must read Saul Alinsky's "Rules for Radicals" to understand exactly what that means. Otherwise one may consider Obama's former employer, Acorn, the community organizing group that specializes in destroying businesses and rigging elections. Every decision Obama makes raises unemployment, increases the national debt, insults our allies, praises our enemies, or raises the cost of food and energy. Is he trying to collapse the economy before the 2012 election? It surely seems so.

    69. Blair Franconia, NH says:

      Reagan didn't laugh at high unemployment numbers. He just held up want ads from the Sunday Washington Post. Obama could always have a job as a late night talk show host on CBS. He could host The Late Late Late Show with Barack Obama.

    70. Mary of New York Cit says:

      We absolutely must replace Obama in 2012.

      If we don't we are "toast"

    71. Clearhead, U.S.S.O. says:

      Hey SHEEPLE —

      You don't like the way things are going? The "president" has a solution for that: "GET USED TO IT !"

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