Skip to comments.Obama's Jobless Recovery Continues Unabated
Posted on 02/02/2013 1:19:44 PM PST by SeekAndFind
So the economy created 157,000 new payroll jobs in January. Wow. At this rate, we might actually get back down to Bush-era unemployment rates sometime, oh, within the next 100 years.
The January jobs report is supposed to be good news.
After all, the economy has now added a total of 6.1 million jobs over the past three years, and the BLS revised last year's jobs numbers sharply upward.
But it doesn't take much effort to notice that, when it comes to job creation, we are barely treading water.
Case in point: Despite these "big" gains, unemployment climbed to 7.9% higher than when Obama took office amid the "worst recession since the Great Depression."
That 7.9% is deceptively low: It fails to account for the exodus of 8.5 million from the labor force under Obama. As a result, the Bureau of Labor Statistics' broader measure of unemployment remains stuck at a depressing 14.4% also higher than when Obama took office.
In addition, there are still 4.7 million long-term unemployed nearly twice as many as when Obama was first sworn in. And at 35 weeks, the average length of unemployment is far higher than any time between World War II and the Obama era.
But the worst news of all is that we remain 3.2 million jobs shy of the previous employment peak of five years ago. To get a sense of how dismal this is, consider this: It took an average of just 24 months to regain all the jobs lost in the previous nine recessions. But at the current Obama job-creation pace, it will take about 80 months to regain those lost jobs.
(Excerpt) Read more at news.investors.com ...
A "Jobless Recovery" is no recovery at all.
GOP now is the time.
Get with the program. 100% go for American jobs.
Seriously. Do it now.
American jobs. And a system designed to build and grow opportunities right here at home.
We have had an entire generation of selling out America.
BRING BACK US JOBS NOW.
RE: BRING BACK US JOBS NOW.
And how, pray tell do we do that?
I strongly hesitate to suggest solutions yet, because we can get diverted from a discussion by the proposed solutions.
I have some definite ideas, but I would prefer not to get focused on any specific ideas yet.
Besides some other FReepers may have better ideas.
I am just saying, what we are doing now is seriously broken.
And getting much worse, very fast.
So if I may, I would like to stay out of any specifics yet please?
Again I have ideas, but those would tend to take over. I am just driving the idea is all.
(again I am not without any, just not proposing any right now)
Here’s something to get us started:
Ask the one important question first -— WHY ARE COMPANIES OUTSOURCING JOBS OVERSEAS AND NOT MAKING THINGS HERE?
Let’s enumerate the reasons and find out if we can slowly eliminate their reasons for moving jobs overseas attractive.
Good start. Thank you sincerely.
I’ll still keep mine to myself (heck maybe I won’t even need to speak up with any luck)
Any others please feed free to add.
We have a serious problem. It is getting much worse, and it is doing so very rapidly.
Not many people are speaking about it, yet it is perhaps one of the most important issues out there right now.
Thanks for your idea, very much.
I would very sincerely welcome any and all ideas.
We need a new approach.
And my question is does anybody really care? My question is based upon comparing the emotions in the 2010 election to those in the 2012 election. It seems to me that during those two years the US population decided they would rather get government dole than work for it. You would think with millions more unemployed there would be discourse in the streets. Instead all we have are discussions on FR and DU.
I will say though, one part of the idea which I am clear on:
We need to stop spending billions in US funds on imports.
Unless also, billions in US funds is likewise flowing INTO America to wash. Equally, and totally.
The one-way flow of dollars out of America is a serious, serious problem. It must stop.
I'm not sure if that's the whole picture. Those same people, fired up at the Tea Party rallies in 2009 are still out there, I think many have just given up. We understand you don't win every battle, but the GOP needs to get up and fight. I can only speak for myself, but I'm tired of hearing we have to accept open borders, gay marriage, taxpayer funded contraception and every other goof ball liberal idea that comes down the pike, because "hey 0bama won!!!" and we're so much more "diverse" now , and we have to kowtow to the almighty hispanic vote (who'll never vote conservative anyway).
Anyway that's one man's opinion.
Replace the House and Senate with nothing but Conservatives for the next 20 years. That would be a start.