Top White House Official Admits Jobs Picture "Still Terrible" …Update: Obama Disappointed His Economic Plan Is a Failure
Posted by Jim Hoft on Sunday, January 10, 2010, 11:44 AM
White House economic advisor Christina Romer announced today that the jobs picture is “still terrible.”
No kidding.
The unemployment rate has spiked to 10% since President Obama took office despite his promise that it would not rise about 8%.
FOX News reported:
A top White House economic adviser said Sunday “you’ll get no argument from” her on the need to improve the miserable jobs picture.
Council of Economic Advisers chief Christina Romer said it’s devastating that some workers have been unemployed for two years and that job losses were continuing nearly a year after passage of the so-called stimulus bill.
The jobless rate remained at 10 percent in December as 660,000 people said they had left the workforce. But Romer couched the news by saying the siphoning of jobs from the market has slowed.
“In the first quarter of 2009, when we first came in, we were losing on average 691,000 jobs per month. With these new numbers in the fourth quarter, we were losing 69,000 jobs,” she said. “It’s still terrible. We’re still losing jobs, and we absolutely have to go from losing any jobs at all to adding them at a robust rate.”
UPDATE: Barack Obama is subdued and disappointed that his economic plan is failing.
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Published May 24, 2012 at 8:46 pm - 59 Comments
olds-mo-william commented:
But on the bright side, 90% of the workforce is employed.
Boogy commented:
Obummer’s bankrupt America plan is a success story. he ain’t finished yet. Next is bankrupt the states who will have to pay for national healthcare because the federal gov has no more monies — Obummer handed it out to his cronies.
Bruce commented:
This administration’s policies are based on a three-letter word…LIES, LIES, LIES.
Betsy Ross commented:
That graph looks like a……HOCKEY STICK….Hmmmm
shibumi commented:
I am shocked, shocked I tell you! She forgot to blame Bush. She will undoubtedly be taken out to the shed by Rahm for this lapse of judgment.
Chris Vehr commented:
It’s quite simple really. Obama lacks the experience to appoint seasoned, ethical people to important positions. Obama is trying to call all the shots despite not having a clue as to what he is doing. Rookie management at its best!
Educated, yes. He has his Harvard degrees. But he has no experience, no hard core, roll-up-your-sleeves, been there/done that experience at anything. His idea of “trickle up economics” demonstrates my point.
He doesn’t have the slightest idea what he’s doing!
daryl commented:
Every time I see that graph I can’t help but see the photoshopped obama in his Urkel get-up pointing at the graph and asking “gee, did I do that??”
Yep, Lil Stevie, ‘at’s all your doings. And if I were you I would stop trying to share it with Bush. It all belongs to you and the dimeacrap Congress who’s been there two years longer than you.
Oh excuuuuuse me. You were also part of that dimeacrap Congress weren’t you?
Robert commented:
Wall Street is trying to figure out what to do with all the money
that they have ripped off from the American taxpayer.
The politicans are trying to figure out how to get some of it.
The press is trying to figure out how to ignore everything.
jorgen commented:
The figures won’t change significantly to the better until a lot of Dems are forced to spend more time with their families this November.
Jack commented:
Having such a small interval from 0-4 makes the graph look worse than it actually is. Yes, it is very very bad and Obama’s fault.
But don’t play games with interpretive numbers.
It looks bad too.
JPL17 commented:
It’s comical to watch as the White House’s message on its economic policies over the past 1 year has gone from:
“Obama’s policies will create millions of jobs.”
to
“Obama’s policies will result in millions of jobs created or saved.”
to
“Obama’s policies have created such a mess, we’ll do anything to save our frickin’ *sses in 2010.”
Militant Conservative commented:
Chris Vehr, you are assuming the NOTUS WANTS the economy to get better. He does not, this is by design.
He is a socialist that wants “to fundamentally change America” his words and he IS doing it.
Jack, I know too many people in the private sector that know it is gonna get worse. (Biden said this too)
NOTUS is a Traitor and Socialist. Most of America is waking up to this fact really fast. I know lost of Obama voters that have buyers remorse big time.
Some of them are flaming LIB’s OHHHH yeah its not looking good for the MAN CHILD. powder is dry
bill-tb commented:
Accorind to the last BLS report, 20% of the male workforce is unemployed.
The real unemployment rate is slightly less at 17.3%. Up from last months 17.2%.
Read the BLS report and be aware that the first one is just an ‘estimate’ … which gets two revisions later.
Mary commented:
Come see it compared to the predicted unemployment, with and without the stimulus:
http://michaelscomments.wordpress.com/2010/01/08/boring-unemployment-news/
JRToday commented:
The scary thing is that the Fed is propping up the economy by printing trillions of dollars. What happens when that ends?
If we could see this buffoon’s transcripts, I think we’d quickly learn that he didn’t do very well in his Economics class – didn’t quite grasp that whole supply and demand thing.
John Stossel talks about how, as a consumer advocate reporter, he once thought that business were the source of evil. He had a profound revelation, and came to the realization that governmental bumbling intervention, with some politicians truly seeking pure power by corrupt means, is really more of a source of evil. But to listen to Obama, big government is the solution – he is one of the evil ones.
backhoe commented:
My empirical, man-on-the-street estimate of unemployment in my small, coastal city in the deep South?
One out of five unemployed, or 20%.
My wife checked the city’s only paper online yesterday for want ads…
Office/clerical? Zero.
General employment? Also none. Not one ad.
I “hope” everybody likes that “change” they thought they wanted…
Opus #6 commented:
I’ll say Obama’s economic plan is a failure.
Tax And Spend us into prosperity has been tried before.
Tried and Failed.
Agent 99 commented:
If you guys watched FNC with Wallace you would know that RIGHT NOW BHO & the Libs are writing ANOTHER ”’STIMULUS”’ . Yep another one!! They aren’t Finished yet!!! Facinated By the Quality of the People Whom We elect To Handle Our Money and Affairs and Our National Security….
Agent 99 commented:
NEW “”STIMULUS”" Coming Up!! Per Bill Cristol on Fox News Sunday and confirmed by Hume and Wallace. ***the trick*** was to try to avoid the word ‘stimulus’. Gee Thanks Libs!! More for your Off shore Accounts??
aprilnovember811 commented:
OBAMA IS HARDLY DISAPPOINTED. Please watch both of these videos and pass them on. David Horowitz, whose parents were both card carrying communists, as was he himself, Pat Caddell, and Scott Wheeler, confirm everything we thought about this fraudulent stimulus bill, and health care. Barack Obama and those who were complicit in this need to be criminally charged for treason, and theft!
http://blip.tv/file/2897214
http://blip.tv/file/2897587
shibumi commented:
Obama had a jobs plan? Come on, jobs are for the little people. You know, the ones that carry his golf clubs and get his shaved ice when he’s on vacation. And the rest of the time as well.
aprilnovember811 commented:
NEW “”STIMULUS”” Coming Up!! Per Bill Cristol on Fox News Sunday and confirmed by Hume and Wallace. ***the trick*** was to try to avoid the word ’stimulus’. Gee Thanks Libs!! More for your Off shore Accounts??
They’ve only spent a very tiny portion of the first “stimulus.” It hasn’t destroyed the country to the extent they want, so they need another, right? Yes, that’s right. Didn’t they just pass some type of phony jobs bill a couple of weeks ago also? Criminal theft!
Scott commented:
Zimbabwe here we come…Courageous states should look at declaring sovereignty and cut away the necropolis of Washington.
jim from cleveland commented:
UPDATE: Barack Obama is subdued and disappointed that his economic plan is failing.
Plan? What plan? I see a massive takeover of companies and industries. I see a trillion dollars paid to politcal supporters and redistributed to chronic social parasites. I see government intrusions that can only lead to more job losses and more offshoring of production. Is that the plan? If so, it’s not failing. It’s succeeding.
No B+ here. A solid A.
AllenS commented:
When Obama’s presidency eventually ends, this country will look like the south side of Chicago looks now.