Because of the Recovery Act and a number of other steps we’ve taken, we’re no longer facing the potential collapse of our financial system or a second Great Depression. We’re no longer losing jobs at a rate of 700,000 a month. And our economy’s growing for the first time in a year.
At what rate are we currently losing jobs? What kind of good news tells us we’re still losing jobs?
too many of our neighbors are still out of work because the growth we’ve seen hasn’t yet translated into all the jobs we need.
This is because all that money for recovery went to the big banks and Wall Street who hoarded the money to save their accounts. The average American was left with nothing.
I’m determined to do everything I can to accelerate our progress so we’re actually adding jobs again.
Here is the proof that President Obama is going to add more government programs and engorge it on our money. I doubt we see any fruit from their labor.
We brought together unions and universities to talk about what we can do to support our workers today and prepare our students to outcompete workers around the world tomorrow.
So you talked about what businesses can do for those currently working and the future workers who are still in school. What about those of us looking for work now?
to deal with the mounting federal debt.
President Obama’s way of dealing with the mounting debt is to add to it. Anyone disagree?
But I didn’t run for President to pass emergency recovery programs, or to bail out banks or to shore up auto companies. I didn’t run for President simply to manage the crisis of the moment, while kicking our most pressing problems down the road.
You didn’t? You seem to be doing a perfectly good job at kicking them.
And we say a special thanks for the sacrifices those men and women in uniform are making for our safety and freedom
I’ve always wondered what a “special thanks” sounds like. Is it more impactful than just your regular thanks?
Many have lost jobs in this recession – the worst in generations.
And many have lost jobs in the recovery plan you signed into law.
But as I said when I took office, job recovery from this crisis would not come easily or quickly.
But you said that after you said it needs to happen right now, right away. It was after the fact that you changed and said the jobs wouldn’t come soon.
As we emerge from the worst recession in generations, there is nothing more important than to do everything we can to get our economy moving again and put Americans back to work,
We are emerging but we aren’t moving yet? This seems to be a contradiction. I don’t believe any American who isn’t the CEO of a company or working for a big bank/Wall Street feel this recession is over.
We made progress with China and Russia in sending a unified message to Iran and North Korea that they must live up to their international obligations and either forsake nuclear weapons or face the consequences.
Progress? Iran and North Korea are behaving as they always have. The progress you are claiming has done nothing.
As the two largest consumers and producers of energy, we developed a host of new clean energy initiatives with China, and our two nations agreed to work toward a successful outcome at the upcoming climate summit in Copenhagen
Put simply: they only agreed on words. The action to achieve this will never happen.
This recession has taught us that we can’t return to a situation where America’s economic growth is fueled by consumers who take on more and more debt.
This sentence is incredible. President Obama says we cannot return to a economy fueled by more and more debt…Does he not see what his agenda has done to the national debt?
I think I understand. The Obama administration doesn’t want the American people to have personal debt in order for us to take care of the national debt they thrust upon us.
we need to spend less, save more
Yes. Yes we/you do.
It is important that we do not make any ill-considered decisions
Read this as any decisions made by anyone not part of the Democrat party.
I will not let up until businesses start hiring again, unemployed Americans start working again, and we rebuild this economy stronger and more prosperous than it was before
If that’s the case, then, Mr. President, you will never let up.
As of January 2010 I will no longer be employed by this company.
This company I have been trying to leave for some time. (if you’ve read the older posts, you’d see)
And I’m pretty fine with it. I wish I had more than a couple months to find employment, and I wish people were hiring.
Perhaps what I need to do is go to my government and look up all the thousand of jobs they’re creating because as far as I’ve seen, there is nothing that will provide the kind of income I need for a family.
Everyone is looking for part-time and no benefits.
Is it time to start pushing for Congress to act? People (Conservatives) are up in arms against this Health Care Reform but I’d like to hear them and what they have to say if they ever lose their coverage or are unable to afford it.
And the truth is, over the past ten months, I’ve often had to report distressing news during what has been a difficult time for our country.
I wonder why he had to add, “and the truth is”. It almost makes it seem as if most of the other stuff he’s talking about isn’t the truth.
It’s like when someone says, “I’ll be honest with you … ” Like what they’ve already said isn’t them being honest.
We learned that the economy grew for the first time in more than a year and faster than at any point in the previous two years.
This is good news right?
It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression.
You yourself continually used that phrase, Mr. President – you and your team were/are alarmists like every other politician.
Now, economic growth is no substitute for job growth.
That, my friends, is truth in it’s purest form.
And we will likely see further job losses in the coming days, a fact that is both troubling for our economy and heartbreaking for the men and women who suddenly find themselves out of work.
Like me; I will be out of a job come January 2010.
Based on reports coming in from across America – as shovels break ground, as needed public servants are rehired, and as factories whir to life – it is clear that the Recovery Act has now created and saved more than one million jobs.
That’s why the Recovery Act was designed to help small businesses expand and create jobs.
Is that why most of the money went to large banks and Wall Street? Seems to me that the Recovery Act was designed to bail out the greedy lawless CEOs and major corporations.
I also announced that we’ll be taking additional steps through our Financial Stability plan to make more credit available to the small local and community banks that so many small businesses depend on
So small businesses may be under his control as well?
I see this administration sticking its finger into places where it shouldn’t. There are some aspects of life that the federal government should stay away from. It doesn’t need to own everything.
I have a feeling that President Obama’s team may take the credit for the success of the latest scare movie, Paranormal Activity and how it owns Hollywood.
Over and over again. We’re hearing the same mumbo-jumbo from a different President. The difference: Bush was war on terror; Obama is war on health care. All these Presidents do is repeat and repeat and repeat.
What’s that saying if you say something loud enough and long enough, you’ll start to believe it?
When I took office eight months ago, our nation was in the midst of an economic crisis unlike any we’d seen in generations.
The President cannot shake this anti-Bush mentality. This is your administration mucking things up now sir. Don’t give us this trash about what you inherited eight years ago. We’re sick of hearing you bemoan President Bush.
But yesterday’s report on September job losses was a sobering reminder that progress comes in fits and starts, and that we will need to grind out this recovery step by step.
Backpedaling after promising the people that recovery would happen quickly once your plan was in place. This is the second thing we’re sick of hearing repeated.
And I won’t let up until those who seek jobs can find them; until businesses that seek capital and credit can thrive; and until all responsible homeowners can stay in their homes.
This is different, he used to say he wouldn’t rest until the jobs come back. And yet he has time to play Oliver and beg the Olympic Commission to send them to Chicago. (Which failed horribly) But I saw that trial as our President attempting to bring in the big bucks which ties into him finding the resources.
Rising health care costs are undermining our businesses, exploding our deficits, and costing our nation more jobs with each passing month.
Once this reform passes through Congress (and we all know it will) what will be the next thing that is undermining this country that President Obama will save us from? I can guarantee there will be something we will “have to be afraid of”.
This has become the administration of the 21st Century – Pop Culture edition.
The first meeting of the G-20 nations in April came at the height of the global financial crisis – a crisis that required unprecedented international cooperation to jumpstart the world’s economies and help break the downward spiral that enveloped all our nations.
Jumpstart the largest banks and Wall Street – the main culprits of this fiasco.
in effect, a five-month checkup to review the steps each nation has taken – separately and together – to break the back of this economic crisis.
So there will be a lot of accusations flying around about who isn’t doing enough.
In February, we enacted a Recovery Act, providing relief to Americans who need it, preventing layoffs, and putting Americans back to work.
From my view, the only Americans who were provided relief were the ones who caused this mess. And as far as putting Americans back to work, I’m losing my job!
And we’ve challenged other nations to join us
Like China; we’ve asked them to pretty much own our sorry excuse for a federal government.
we can now say that we have stopped our economic freefall.
Yet unemployment is at an all-time high and spending is out of this world.
Not surprisingly, lobbyists for big Wall Street banks are hard at work trying to stop reforms that would hold them accountable and they want to keep things just the way they are.
Yet you bend over backwards to give them the money they never should have gotten in the first place.
Yesterday, we received a report showing that job losses have slowed dramatically compared to just a few months ago.
And yet the jobless rate is the highest it has ever been. How do those two numbers rectify?
and that many of the banks that borrowed money at the height of the financial crisis are now returning it to taxpayers with interest.
Oh really? I’m afraid I haven’t seen any returns. Sounds like President Obama is channeling President Bush with this Pie-in-the-sky pep talk…
That’s why it is so important that we remain focused on speeding our economic recovery.
And what is the President’s definition of “speeding our economic recovery”? Is there a measurable limit?
we certainly cannot go back to an economy based on inflated profits and maxed-out credit cards; the cycles of speculative booms and painful busts; a system that put the interests of the short-term ahead of the needs of long-term.
Dare I think to even write out the “S” word?
We have to revive this economy and rebuild it stronger than before.
Ladies and gentlemen, I give you the million-dollar economy. Actually it’s more like multi-trillion dollar, right?
I’ve been moaning and complaining about this job ever since I began this blog. I was hoping I would have moved on by now – both physically and emotionally.
But here I am; in the same location, doing the same thing. But here’s the catch! They’re cutting my hours and salary in half and wanting me to do the same amount of work.
I want out of this place!
I thought I would be working with a new company and new faces…I don’t get it.
To top it off, my spouse’s job is going away. Well that’s not exactly true – they’re taking away the salary.
So here we are Mr. President Obama. You promised us recovery! You promised jobs! You promised a better America and all that you have to show for your promises is higher debt and higher unemployment.
Can you imagine what the outcry would’ve been like if this had happened under President Bush?!?! As it is, we’re seeing your approval ratings plummet. You’re finally seeing how people cannot stomach promises that aren’t kept.
You’re dragging this country under with your recovery plan and you actually think things are getting better.
You’re insulting to the American people – correction, the American people who are wise enough to see a fraud.
Harsh words for a President? Maybe but until I see the results you promised, I’ll be on your back like a crack cocaine monkey. When those results do come in, I’ll be more than happy to eat crow and spend however long apologizing.
