Obama lowers job expectations again

President Obama speaking in Columbus Ohio today said that the recovery plan would create or save 3.5 million jobs over the next two years, while weeks ago he promised that same plan would create or save 4 million jobs.

There have already been nearly four and a half MILLION jobs lost in this economic 'crisis', that is if the official reports are accurate. It is likely much worse in my own opinion which I base on my travels through this country in very recent times.

www.foxnews.com...

On a day that the U.S. government announced another surge in unemployment, President Barack Obama on Friday was pointing to jobs he says were already saved by his $787 billion economic stimulus package.

Obama spoke at a graduation ceremony in the hard-hit Midwestern state of Ohio for 25 police recruits who owe their jobs to the massive spending bill that he signed into law last in month.

However, U.S. employers slashed 651,000 jobs in February, the Labor Department announced Friday, and the country's unemployment rate bolted to 8.1 percent. Both figures were worse than analysts expected and came after even deeper payroll reductions in the prior two months, according to revised figures. The economy lost 681,000 jobs in December and another 655,000 in January.

Obama noted that the latest figures bring the total jobs lost during the current recession to "an astounding 4.4 million." He said joblessness is "a future that millions of Americans still face right now."

The Democrat has practically staked his presidency on his promise that the stimulus package, which drew scant Republican support in Congress, will save or create 3.5 million jobs within the next two years.

I also noticed while watching this speech that the President also once again made clear that these problems are inherited.

Once again the reality should be clear, the American people who work outside of the government and the private sector outside of the major banks and financial institutions are ON THEIR OWN in this economic crisis.

There is no stimulus in the stimulus plan.

This government wants you jobless and dependant, that also is my opinion.

This government is preparing for extreme civil unrest. Also my opinion.

This government is planning to (at any cost) assure the government's survival as a controlling body and nation among nations.

Damn the people, save the country!

[edit on 6-3-2009 by Walkswithfish]

Damn the people, save the country!

The only thing that will save this country is the people.

When will they decide to save it?

WHEN?

I know most people can sense something is wrong...and not just the economy....

When?

I wish I knew.....if ever....when will people take back what was given to them by our founding fathers?

Originally posted by David9176

The only thing that will save this country is the people.

The current state of the economy is much like a runaway freight train on a long steep downgrade. It is beyond the people's abilities to stop it, though some can get in front of that train and 'hope' they can stop it if they wish.

I wish I knew.....if ever....when will people take back what was given to them by our founding fathers?

There will be taking but it will not be done by the people.

The government and military will continually move toward a socialist totalitarian system as this economic collapse worsens.

In time everyone may be compelled to feed from the hand of this government finding themselves eventually subservient to that government, those who do not, or choose to revolt, commit acts of violence etc will find themselves at war with this government, a war they cannot possibly win.

But who really knows, maybe they are right and everything will somehow miraculously right itself and all will be peachy again.

I am not an economist or a business person. So sorry if my question seems silly, but maybe someone can clear me up on this.

These businesses made big bucks a few years ago when the economy was booming.Where did that money go?

Now these companies sold everyone short in order to make their holders money. Where are they? Are they rich and happy and sitting on their gold while others suffer?

it used to be a good business model that if you made money, you put it back into the company. But it seems nowadays, that the money goes to the shareholders, and stay there.

Maybe all the business practices need to change, that you limit shareholders, and put the money into the company, or hang on it for tough times?

It seems everything was done possible to make money from someone, bring in external employees. ship jobs overseas.

is the problem the fact that the money was not put back in the hands of the people?

If you don't provide your consumers the jobs to keep buying products, what do you expect to happen?

And this seems totally unfair. Americans have to pay for their own education. How far is it to ship the jobs overseas to people who work for far less but also don't have to pay for their own health insurance, their own education, etc?

Totally doesn't make sense to me. But what do I know?

[edit on 6-3-2009 by nixie_nox]

reply to post by Walkswithfish


"...the American people who work outside of the government and the private sector outside of the major banks and financial institutions are ON THEIR OWN in this economic crisis. "
Some reinforcement to that would be appropriate.

The 25 jobs saved will haunt the taxpayers when the burden of paying for those jobs falls into their tax laps when the spendulus money runs out.

Originally posted by nixie_nox
If you don't provide your consumers the jobs to keep buying products, what do you expect to happen?

Those in the private sector want to be able to provide jobs, why would they want it any other way?

This is a vicious downward cycle, businesses can't afford to stay open without business, they let people go, causing more and more unemployment and less and less viable consumers forcing even more businesses to do the same.... and on and on until you are where we are now, MILLIONS out of work, and there is no help nor end in sight.

In fact you could say that this government has basically turned a cold shoulder to the private sector and focused on government.

The problem for this government and all state governments is without new jobs in the private sector they will continually lose revenues from taxpayers... If it reaches the break point eventually government itself will be threatened, possibly even doomed.

Then and only then will the people have a chance, if we can survive that long.

Face it, this government's plan is doomed to fail, and it doesn't require a degree in economics to figure out.

reply to post by David9176


hell David, I ask that question every hour of every day.

I suppose you and I could go to the steps of the capitol and with a bullhorn tell the Govt. that they are done, and we are going to renew the Constitution.

reply to post by j2000


You and David would quickly join a long list of targeted dissenting Americans if you do.

Beware the helicopters are coming!

Whats the big deal, hes only off by 500,000 jobs, 1 or 2 more bailouts , we'll all be laughing by summer, BTW , the boss said to buy stocks

reply to post by j2000


I'm in as well. People are getting to the point of no return. It's gonna start snowballing. Now is our time to shine and lead by example.

reply to post by branty


he may be right in suggesting that you buy stocks, with this economy nearing free fall to the bottom there will likely be a serious toilet paper shortage, stocks and bonds will suffice for wiping your asses when the time comes.

Amazing what can be done with majority control of government and the wrong plan...

www.nytimes.com...

WASHINGTON — With 12 hours or so to spare, Congress approved a stopgap resolution on Friday to avoid a shutdown of the federal government for another five days.

The House approved the measure by 328 to 50, and the Senate rushed it through on a unanimous voice vote, clearing the way for President Obama to sign it later in the day.

The stopgap measure became necessary after Senate Republicans blocked a $410 billion omnibus spending measure on Thursday night, forcing Congressional Democrats to come up with the emergency measure. The government has already been running on a stopgap measure, approved by Democrats to avoid a fight with the Bush White House and set to expire Friday.

Get ready people, the fall isn't going to hurt nearly as bad as hitting the bottom.

reply to post by Walkswithfish


Why do you people keep saying SOCIALISM?

It is not socialism. It is FASCISM !!!!!!!!!

Look up the difference. It is the difference between Nazi Germany and modern day Sweden.

Are you getting a bailout? NO.

Socialism is loosely defined as the redistribution of a nation's wealth from the "have" to the "have nots".

Fascism is generally defined as a tightly controlled, highly regulated economy - where the government decides which players in its economy will continue to play in the economic ball game. The government OWNS large stakes in the corporations (aka nationalization). The economy is run by the government [governing the people and the private sector] in favor of the corporations that contribute the most to that government's long term political and economic goals. It is usually the corporations' goals too. In a way, the nation's corporations (banks) actually control government policy. A fascist government heavily supports the corporate interests over the people's either overtly (via nationalization, bailouts) or covertly via lobbying.

We are seeing overt Fascism quickly transpire in America today. You should know the difference and should look to Japan as an example...Nazi Germany as an extreme example.

[edit on 7-3-2009 by TheDarkNight]