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WH Econ Adviser: Job Market Is Really Bad [Bernstein Slides Displayed Severity of Job Market’s Woes]
Reuters Blogs ^
| October 20th, 2009
| by: James Pethokoukis
Posted on 10/20/2009 4:05:52 PM PDT by Son House
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So which is it?
White House Still Defending Stimulus
http://www.politico.com/news/stories/1009/28480.html
In unveiling the report, Jared Bernstein, the chief economist for Vice President Joe Biden, said it shows the administration is solidly on track to accomplish its goal of saving or creating 3.5 million jobs by next winter.
1
posted on
10/20/2009 4:05:54 PM PDT
by
Son House
To: Son House
It really seems like the big problem is not so much layoffs as it is a lack of hiring. Thus the high numbers of long-term unemployed. Writer James Pethokoukis is plainly wrong about layoffs not being a devastatingly large problem.
That said, the high numbers of the long-term unemployed are easily explained by the Marxist Obama administration's (and the Dem Congress') outright hostility toward the producer segment of the economy. No sane business owner would be hiring seeing the storm clouds of socialism on the horizon.
This high number of unemployed thingy is nothing less than a lost jobs QUAGMIRE, and taxing the productive engine of the economy to death will not hire back one peep.
.
2
posted on
10/20/2009 4:18:02 PM PDT
by
Seaplaner
(Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
To: Son House
No worry. Obama’s got some great ideas. How about pulling the rug out from under our (barely) free-market but robust just the same health care industry, scramble it and remake it as a taxpayer funded entitlement costing trillions of dollars while raising costs and taxes/fees and decreasing service and quality for all? And while we’re at it, why not yank the foundation from under our energy sector, scramble it, and “revolutionize” it with “green” technology that’s not even here yet. Yeah, great idea. And might as well slap a new carbon tax on energy and increase the costs of every product and service manufactured, distributed or transported in America (and around the globe) and increase the costs of fuel, electricity and heating to every inhabitant while you’re at it. Might as well go through with your plans to bankrupt the coal, oil, gas and energy sectors and bankrupt the whole damned country. Of course that’s after bankrupting the housing, finance, banking, manufacturing and transportation industries. Other than that, Obama is a financial genius. Recession? Depression? How about scorched earth?
3
posted on
10/20/2009 4:29:34 PM PDT
by
Jim Robinson
(Follow me on Twitter: http://twitter.com/jimrobfr)
To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
The right hand doesn’t know what butt opening the left hand has a finger in.
4
posted on
10/20/2009 4:31:40 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
To: Son House
Its a depression...just ask Biden
5
posted on
10/20/2009 4:34:15 PM PDT
by
dalebert
To: Son House
I hope you are able to get more info, expecially the charts. I’ll check back later. Good post.
6
posted on
10/20/2009 4:45:05 PM PDT
by
LuvFreeRepublic
("Brett should retire" Listen up boys, HE AIN'T DONE YET!!!)
To: LuvFreeRepublic
Yep, the whole US should want to see them charts, but if Reuters didn't get them, I'm not sure anyone else will
7
posted on
10/20/2009 5:32:23 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: SunkenCiv
Yep, Bernstein says one thing to the DC crowd, and then releases a outright lie, well, unless you figure in the jobs saved /(1/2)Sarc and that would be the latter half
8
posted on
10/20/2009 5:35:28 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: Son House
a little background on the venue where the speech was given:
The New America Foundation is a non-profit public policy institute and think tank located in Washington, D.C.. It was founded in 1998 by Ted Halstead, Sherle Schwenninger, Michael Lind and Walter Russell Mead.
In 2007 Steve Coll, a former managing editor of The Washington Post, succeeded Ted Halstead as President of the New America Foundation. Well-known board members include political commentator Fareed Zakaria, Christine Todd Whitman, international relations theorist Francis Fukuyama, Atlantic Monthly correspondent James Fallows, former Federal Reserve Vice Chairman Roger Ferguson, and economist Laura D’Andrea Tyson. Google’s CEO, Eric Schmidt, is chairman-elect of the foundation.[1].
To: Seaplaner
It really seems like the big problem is not so much layoffs as it is a lack of hiring.
Your right, lay-offs have been huge, thus the writer gets the impression from Bernstein that "lack of hiring" is worse than the lay-offs
10
posted on
10/20/2009 5:40:26 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: Jim Robinson
Thanks for the concise phraseology. It's too good to waste, so I'm sending it to my congress critters. Wonder what kind of response I'll get back. I didn't receive a reply to my last rant that was sent to Chuckie Schumer. : )
11
posted on
10/20/2009 5:53:11 PM PDT
by
mia
To: nascarnation
Thanks for that, seems to lend itself to thinking he was saying one thing to the DC insiders, while releasing a false impression to fly-over country
12
posted on
10/20/2009 5:56:14 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: LuvFreeRepublic; SunkenCiv
Found it, according to this, but it's a power point I don't have that program, at the bottom look for this link in bold; http://www.newamerica.net/events/2009/jobs_defict [VIDEO] The Hon. Jared Bernstein Chief Economist and Economic Policy Advisor to the Vice President Bernstein- Presentation
13
posted on
10/20/2009 6:16:40 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: Son House
To: Son House
15
posted on
10/20/2009 6:19:09 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
To: SunkenCiv; nascarnation
16
posted on
10/20/2009 6:21:25 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
To: Son House
Got it and saved it. Some smart FR person needs to capture them and post them. The situation is going to get worse. You can't have that many people out of work for as long as they have been and recover anytime soon, especially since there is nothing that is going to help to create more jobs. Unbelievable!!! Thanks so much for pinging me. Will check back later.
17
posted on
10/20/2009 6:26:33 PM PDT
by
LuvFreeRepublic
("Brett should retire" Listen up boys, HE AIN'T DONE YET!!!)
To: Son House
No wonder they get along so well with the “Palestinians”.
18
posted on
10/20/2009 6:33:50 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
To: blam
FYI - Ping to #13 with link at #16.
19
posted on
10/20/2009 6:49:15 PM PDT
by
LuvFreeRepublic
("Brett should retire" Listen up boys, HE AIN'T DONE YET!!!)
To: LuvFreeRepublic
20
posted on
10/20/2009 6:58:19 PM PDT
by
blam
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