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Old 06-08-2009, 11:32 AM
 
Location: San Diego
5,319 posts, read 8,952,094 times
Reputation: 3396

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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 (http://www.latimes.com/news/nationworld/nation/la-na-obama-jobs9-2009jun09,0,4293370.story - broken link)
Quote:
"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.

Quote:
"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.
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Old 06-08-2009, 11:33 AM
 
117 posts, read 138,988 times
Reputation: 56
Quote:
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"
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Old 06-08-2009, 11:36 AM
 
Location: Great Falls, Montana
4,002 posts, read 3,890,950 times
Reputation: 1398
I suppose he plans to just print these jobs up out of thin air.
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Old 06-08-2009, 11:39 AM
 
Location: San Diego
5,319 posts, read 8,952,094 times
Reputation: 3396
Quote:
Originally Posted by bigskydude View Post
I suppose he plans to just print these jobs up out of thin air.
Read the article and find out.

Quote:
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.
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Old 06-08-2009, 11:39 AM
 
5,165 posts, read 6,032,285 times
Reputation: 1072
Quote:
Originally Posted by RD5050 View Post
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 (http://www.latimes.com/news/nationworld/nation/la-na-obama-jobs9-2009jun09,0,4293370.story - broken link)
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.
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Old 06-08-2009, 11:41 AM
 
117 posts, read 138,988 times
Reputation: 56
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).
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Old 06-08-2009, 11:42 AM
 
23,838 posts, read 23,034,478 times
Reputation: 9407
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.
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Old 06-08-2009, 11:44 AM
 
2,884 posts, read 5,912,729 times
Reputation: 1991
Quote:
Originally Posted by Avengeice View Post
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.
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Old 06-08-2009, 11:44 AM
 
Location: Chicagoland
41,325 posts, read 44,794,115 times
Reputation: 7118
Yeah, like those 150,000 jobs he "saved" that no one can quantify.

VOA News - US Unemployment Rate Gallops Ahead of Expectations (http://www.voanews.com/english/2009-06-07-voa22.cfm - broken link)

Quote:
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.
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Old 06-08-2009, 11:49 AM
 
Location: Heartland Florida
9,324 posts, read 26,655,377 times
Reputation: 5038
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.
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