Obama To Create 600,000 Jobs (unemployment rate, wages, poll, health care)

[RD5050]

President Obama stated today that he will create 600,000 new jobs.

Obama's summer jobs plan: work for 600,000 people - Los Angeles Times

"We have a long way to go on our road to recovery, but we are going the right way," Obama said today in a statement issued by the White House.

The article also mentions that a recent poll shows Obama's favorable rating is higher than both Bush and Clinton at this point in their terms.

"Obama's favorable rating is higher than were those of Bush or Clinton at this point in the first months of their presidencies, and his approval rating is also higher than those for Bush, Clinton or Bush the elder in May of their first year in office."

Although unemployment continues to rise, Obama is working hard at delivering on the promise which he made ... to create jobs.

[Avengeice]

Robert Reich: Keep stimulus money away from “white male construction workers”

Michelle Malkin » Robert Reich: Keep stimulus money away from skilled workers and “white male construction workers”

typical Obama racist-centric policy making. Clearly, if the private sector was in possession of that same amount of "stimulus" money, it would allocate it far more efficiently and PRODUCTIVELY than government bureaucrats.

Buy gold before it goes up further.

By the way, a first for Obama: his approval rating has dropped below 50% -- on just specifically his handling of the bailouts and "stimulus"

[bigskydude]

I suppose he plans to just print these jobs up out of thin air.

[RD5050]

Originally Posted by bigskydude

I suppose he plans to just print these jobs up out of thin air.

Read the article and find out.

It identifies 10 major projects targeted during the next three months. "As a result of this accelerated pace of activity, over 600,000 jobs are expected to be created or saved by the Recovery Act in the second 100 days -- four times the number created or saved in the first 100 days," the White House said in a statement released this morning.

[cleanhouse]

Originally Posted by RD5050

President Obama stated today that he will create 600,000 new jobs.

Obama's summer jobs plan: work for 600,000 people - Los Angeles Times
The article also mentions that a recent poll shows Obama's favorable rating is higher than both Bush and Clinton at this point in their terms.

Although unemployment continues to rise, Obama is working hard at delivering on the promise which he made ... to create jobs.

Reminder to self: pull this thread up in September with a link showing the 600,000 jobs created by Barack Obama.

Seems Like President Obama, the US Government and Chris Angel have alot incommon.

[Avengeice]

A huge % of Obama's efforts will be in "health care" which is just fine and dandy, but just don't expect these expenditures to represent an "investment" that will produce an IRR or a return of that capital. Obama's stimulus is cash flow out on expenses, not investment (aka capex).

[AeroGuyDC]

This should be state/city specific. Detroit could use every one of those jobs. Not only in the automotive industry, but for every one of the leeches that infest the Detroit populace. Many other cities could use a program like this as well. 600,000 jobs barely offsets one month of new unemployment claims. Nationwide, I doubt it has very much impact.

[scarmig]

Originally Posted by Avengeice

A huge % of Obama's efforts will be in "health care" which is just fine and dandy, but just don't expect these expenditures to represent an "investment" that will produce an IRR or a return of that capital. Obama's stimulus is cash flow out on expenses, not investment (aka capex).

Not understanding the difference between those is a great part of what has been economically wrong with this country for a very long time.

I blame politicians, as they are masters at word subterfuge.

[sanrene]

Yeah, like those 150,000 jobs he "saved" that no one can quantify.

VOA News - US Unemployment Rate Gallops Ahead of Expectations

The White House says America's employment picture is worse than the Obama administration had anticipated just a few months ago. The somber admission follows the latest jobless report showing the highest unemployment rate the United States has seen in more than 25 years.

His policies are making it much worse.

He intends to increase employment in the government sector, not in the private sector.

[tallrick]

Every new government job created probably results in the loss of 2 in the private sector. Obamaflation will make their wages worthless anyway so who cares.