Obama working on joblessness
By ConnPolitics.tv Staff on Nov 6, 2009 | In News, President Barack Obama | 14 feedbacks »
Washington (AP) – President Barack Obama says new figures showing national unemployment has hit the double-digit mark are regretful and says he’s working hard to restore the struggling economy.
Standing in the White House Rose Garden, Obama called the new jobs report another illustration of why much more work is needed to spur business creation and consumer spending. He appeared a few hours after the government reported that the jobless rate hit 10.2 percent last month, the highest since 1983. The rate was 9.8 percent in September.
Obama noted legislation he’s signing to provide additional unemployment benefits to people thrown out of work. And he said, “I will not rest until all Americans who want work can find work.”
14 comments
Comment from: Get Real [Visitor] 
Most of our "consumer spending" will create jobs stocking shelves and unloading ships here in America, with the real manufacturing being created in China.
11/06/09 @ 12:01
Comment from: Passing Thru [Visitor]
Didn't he say that if they passed the porkulus bill the unemployment rate would not go past 8.5%? Smells like we're being set up for more porkulus.
May I recommend purchasing Rosetta Stone software to learn Mandarin!
May I recommend purchasing Rosetta Stone software to learn Mandarin!
11/06/09 @ 12:15
Comment from: Ordinary Citizen [Visitor]
This is the economy disaster aftermath of building an anti-business tax climate here in the US for manufacturing industries.
The Democrats raise taxes on businesses and make it more financially lucrative for a business to just pack up and move their manufacturing jobs overseas.
Just because one segment of the economy 'can afford it' doesn't mean it's right to raise the taxation level on it.
Then they refuse to set tariffs on the products when they come back into the US, that are proportional to the standard of living differential between the country where the manufacturing occurs and here in the US.
The Democrats raise taxes on businesses and make it more financially lucrative for a business to just pack up and move their manufacturing jobs overseas.
Just because one segment of the economy 'can afford it' doesn't mean it's right to raise the taxation level on it.
Then they refuse to set tariffs on the products when they come back into the US, that are proportional to the standard of living differential between the country where the manufacturing occurs and here in the US.
11/06/09 @ 15:22
Comment from: Independant Observer [Visitor]
Don't expect to see private sector jobs increase until the Democrats start cutting taxes on the "so-called rich" which translates to business. Obama's policies so-far are destroying the Capitalistic system.
11/06/09 @ 15:28
Comment from: Independant Observer [Visitor]
The public reaction to the slow unemployment increase is like a frog being heated in water. It will die when the water started boiling because it will be too late to jump out.
11/06/09 @ 15:59
Comment from: Independant Observer [Visitor]
The U.S. may have to default on its debt payments after 2019, writes economist Robert Samuelson.
If the deficit spending continues on the current path it will consume 82 percent of gross domestic product within a decade. There will be no wiggle room for tax cuts, and spending cuts may be politically unpalatable, he surmises.
The Congressional Budget Office reckons the Obama administration's planned budgets would increase the debt to GDP ratio from 41 percent in 2008 to 82 percent in 2019. Higher interest rates would aggravate the debt burden.
If the deficit spending continues on the current path it will consume 82 percent of gross domestic product within a decade. There will be no wiggle room for tax cuts, and spending cuts may be politically unpalatable, he surmises.
The Congressional Budget Office reckons the Obama administration's planned budgets would increase the debt to GDP ratio from 41 percent in 2008 to 82 percent in 2019. Higher interest rates would aggravate the debt burden.
11/06/09 @ 16:09
Comment from: it's becoming apparent [Visitor]
he's all about taking from whites and giving to blacks, and he's doing a good job of it!
11/06/09 @ 16:24
Comment from: Visitor2 [Visitor]
Obama's policies and the latest bills entering the stage are bigtime anti-business and are going to raise taxes on everyone.....
Everyone I know is scared and spending as little as possible.
I bet things won't improve until next Nov. after the election when many of the radical democrats are tossed out.
Everyone I know is scared and spending as little as possible.
I bet things won't improve until next Nov. after the election when many of the radical democrats are tossed out.
11/06/09 @ 16:38
Comment from: GLENNA MACDONALD [Visitor]
A forest is set aflame by one spark.
Talk to Al Gore and start jobs for the enviornment.
Solar factories and windmill factories and installers.
It is a leap of faith,but the end results are the same as the leap of faith a child takes when they plant a sunflower seed and the end result is a giant flower with a hundred sunflower seeds for the one they planted.
When you see the financal saveing this Nation will reap as the end result you will know you have a win win.
All other Nations will follow.
Clean air,clean water,fresh food.Can`t beat that.
~Peace Glenna~
Talk to Al Gore and start jobs for the enviornment.
Solar factories and windmill factories and installers.
It is a leap of faith,but the end results are the same as the leap of faith a child takes when they plant a sunflower seed and the end result is a giant flower with a hundred sunflower seeds for the one they planted.
When you see the financal saveing this Nation will reap as the end result you will know you have a win win.
All other Nations will follow.
Clean air,clean water,fresh food.Can`t beat that.
~Peace Glenna~
11/06/09 @ 23:47
Comment from: Passing Thru [Visitor]
Stimulus was paid to a company to manufacture windmills which they are doing in China. Law of unintended consequences. If we right "must be made in america" we start a trade war. The gub'ment needs to get the hell out of the way
11/07/09 @ 09:41
Comment from: Independant Observer [Visitor]
I drove though the mid west and seen the hundreds of wind mills that were not turning nor producing significant energy. Maybe I drove through at the wrong time, but I don't think they are working out too well. I think this wind mill and solar energy hype is drastically over-hyped and costing us a lot of money that could be better spent on nuclear power.
When is the media going to tell us the real story about what is going on? Things like how much energy is consumed and how much is being supplied by alternative power-- and at what cost per KWH. Then explain how the cap and trade is going to cost us with little or no benefit.
We live is a precarious time when the media is too partisan and corrupt.
When is the media going to tell us the real story about what is going on? Things like how much energy is consumed and how much is being supplied by alternative power-- and at what cost per KWH. Then explain how the cap and trade is going to cost us with little or no benefit.
We live is a precarious time when the media is too partisan and corrupt.
11/07/09 @ 10:34
Comment from: Joe [Visitor]
The President is working on everything and the only thing I see getting done is the rich are getting richer on taxpayer money. They are also getting the vaccine for swine flu that is needed by the very young and pregnant women.
11/07/09 @ 15:22
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