Where are the jobs, Mr. President?

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R

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[FONT=Arial, Helvetica, sans-serif][SIZE=-1]
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office: [/SIZE][/FONT]
[FONT=Arial, Helvetica, sans-serif][SIZE=-1]“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job. [/SIZE][/FONT]
[FONT=Arial, Helvetica, sans-serif][SIZE=-1]“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least. [/SIZE][/FONT]
[FONT=Arial, Helvetica, sans-serif][SIZE=-1]“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July. [/SIZE][/FONT]
[FONT=Arial, Helvetica, sans-serif][SIZE=-1]“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
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Pelosi: Where Are the Jobs, Mr. President?

Pelosi had such strong words for Bush a mere 6.5 years ago, and yet she hasn't once criticized Obama that I've seen. Why isn't she asking that same question right now? Unemployment is far worse than it was 6.5 years ago. The economy is in worse shape. The sham of a "stimulus" was proven to be wholly ineffective. Why isn't Obama being taken to task on these things? Oh wait, because he's a Democrat, so he "cares" for us, we should all just know that he's doing his best, but that evil Bush screwed everything up too badly to be fixed. Oh wait, the Democrats (including dear leader) had control of both the house and the senate for the last two years of Bush's presidency, but they can't take any of the blame for anything, right?
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nova

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Its a legit question. When unemployment was a whole 5.5% a few years ago, all we heard was jobless recovery this, jobless recovery that and now that unemployment is 10%+, not a peep.

And don't be fooled by the recent drop in unemployment the BLS just released. If you think about it, there's absolutely nothing permanent to it. Here's a hint. Think about what big huge manpower intensive project is required by the Constitution to happen every 10 years....
 
Tim

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Bob Willis said:
Feb. 4 (Bloomberg) -- Productivity in the U.S. surged in the fourth quarter and factories received more orders in December than anticipated, showing companies are keeping payrolls lean to rebuild profits.
Employee output per hour rose at a 6.2 percent annual rate at the end of 2009, capping the biggest annual gain in six years, the Labor Department said today in Washington. Factory bookings climbed 1 percent for a second month, and more workers sought jobless benefits last week, other reports showed.
Efficiency in the last nine months of 2009 soared at the fastest pace since 1966 as companies slashed worker hours even after sales stabilized, a feat that may be difficult to sustain much longer as demand continues to grow. The gains cut labor expenses, helping curb inflation and giving the Federal Reserve room to keep the benchmark lending rate near zero.
“Firms are squeezing existing workforces to their limits,” said Zach Pandl, an economist at Nomura Securities International Inc. in New York. “Cost pressures are negligible. We still think we’re on the cusp of a hiring recovery,” he said, although it “has been a little slower than we had hoped.”
Claims for unemployment insurance unexpectedly increased last week, raising concern an improvement in the job market was stalling, other figures from the Labor Department showed. Applications rose to 480,000 in the week ended Jan. 30, the most in seven weeks, from 472,000 the prior week.
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Seems like production is up and the businesses are making more in profits with fewer people doing more of the work... I guess the jobs will come when the businesses can't handle the increased demand with a smaller workforce.
 
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