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Thread: Too many jobs lost, Obama says in AP interview

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    Banned Goobieman's Avatar
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    Too many jobs lost, Obama says in AP interview

    Too many jobs lost, Obama says in AP interview

    WASHINGTON (AP) -- With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.

    In a White House interview with The Associated Press, Obama said that since he took office, "we have successfully stabilized the financial markets," and "started to see some stabilization on housing."

    "But what we are still seeing is too many jobs lost," said Obama, commenting after new government figures showed the unemployment rate had risen to 9.5 percent last month
    Court 'moved ball' on racial hiring, Obama says - Yahoo! Finance

    An ASTOUNDING observation, one that could only be made by someone with The Obama's supreme mental prowess.

    So... what are you going to DO about it?

    Spend more money?
    Run up more deficits?
    Print more money?
    Raise taxes?
    Further nationalize the auto industry?
    Further nationalize the banking/financial industries?

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    Re: Too many jobs lost, Obama says in AP interview

    should go easy on the man it's his first year on the job...

    hahaa
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

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    Re: Too many jobs lost, Obama says in AP interview

    You know how he could make more jobs? He needs to give space exploration to the private sector so it will create a whole new industry for expansion. Also if he put more into finding alternate forms of energy that would create another industry and therefore many more jobs. Either of these ideas would lower unemployment drastically, but together unemployment would be very low. Not only would these jobs be plentiful, but they would be secure. We are never going to stop needing energy, and we are never going to stop exploring space.

    Privatizing space exploration would also cut government spending, and lower the national debt.

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    Re: Too many jobs lost, Obama says in AP interview

    I cannot stand the way politicians talk about job loss. They act like if they don't DO SOMETHING (AKA government expansion and spending) the jobs will never come back, as if the only reason those jobs existed in the first place was our magnanimous government.

    The jobs WILL come back and the economy WILL recover; it just takes TIME for the free market to self-correct, that is, if we allow it to, which we're not.

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    Re: Too many jobs lost, Obama says in AP interview

    Quote Originally Posted by Polimaster View Post
    Privatizing space exploration would also cut government spending, and lower the national debt.
    Hmmm I guess you don't kow this but 75% of Space program is already privatized and as been since the mid 70s.

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    Re: Too many jobs lost, Obama says in AP interview

    Quote Originally Posted by Ethereal View Post
    I cannot stand the way politicians talk about job loss. They act like if they don't DO SOMETHING (AKA government expansion and spending) the jobs will never come back, as if the only reason those jobs existed in the first place was our magnanimous government.

    The jobs WILL come back and the economy WILL recover; it just takes TIME for the free market to self-correct, that is, if we allow it to, which we're not.
    Not really, but you are right in one thing, government is not the answer.

    The jobs won't come back because companies can outsource cheaper than they can produce here.

    Free-market has said "do it overseas".

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    Re: Too many jobs lost, Obama says in AP interview

    Quote Originally Posted by TheNextEra View Post
    Not really, but you are right in one thing, government is not the answer.
    The jobs won't come back because companies can outsource cheaper than they can produce here.
    Free-market has said "do it overseas".
    Welcome to the global economy.
    Like everyone and everything else, the American worker has to be competitive in that market, or he wont have a job.

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    Re: Too many jobs lost, Obama says in AP interview

    Quote Originally Posted by Goobieman View Post
    Welcome to the global economy.
    Like everyone and everything else, the American worker has to be competitive in that market, or he wont have a job.
    And how is the American worker supposed to be competitive for the $1.00 an hour overseas that some get?

    Even if the American worker were willing to work for that, that would be $160 a month. Get real.

    I don't agree with the stimulus package as it stands, but one thing I do think is companies that go overseas should get NO TAX benefits for doing it.
    Last edited by TheNextEra; 07-02-09 at 04:07 PM.

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    Re: Too many jobs lost, Obama says in AP interview

    [quote]
    Quote Originally Posted by TheNextEra View Post
    The jobs won't come back because companies can outsource cheaper than they can produce here.
    True, but why is outsourcing more attractive? It's not because of superior workmanship, it is all about avoiding government mandates that make supplying a good product at market price impossible from domestic labor, it is also because of union perks and their overly friendly treatment from governments, and the hidden taxes passed along the supply chain by government tax policy.

    Free-market has said "do it overseas".
    The free market principles dictate outsourcing, but only to a friendlier market, not quite a free one.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    Re: Too many jobs lost, Obama says in AP interview

    Quote Originally Posted by TheNextEra View Post
    And how is the American worker supposed to be competitive for the $1.00 an hour overseas that some get?

    Even if the American worker were willing to work for that, that would be $160 a month. Get real.
    "Getting real" includes dumping the idea that, just because you're an Amenrican, you're entitled to a $30/hr union job with full benefits.

    Want to not have your job outsorced? Get one that cannot be.

    Companies exist to make money. If they can pay someone 10% your wage for the same (or better) work, why wouldn't they?

    And, how do you propose the government stops them?

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