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But up on Capitol Hill, House Speaker John Boehner said the monthly jobs number was another sign that the Obama stimulus plan "isn't working." Key political problem: When Obama took office in late January 2009, his then-chief economist, Christine Romer, said energetic federal spending would stimulate the economy and keep the jobless rate below 8 percent.
Two years ago, the unemployment rate was 7.7 percent in January, jumping to 8.9 percent in April 2009. It has been above 9 percent every month since then, peaking at 10.1 percent in October 2009. The rate was 9.4 percent last December and 9.8 percent in November.
Austan Goolsbee, Romer's successor at the Council of Economic Advisers, said joblessness remains "unacceptably high" in the country. But he said "the overall trend of economoc data in recent months has been encouraging, as initiatives put in place by this administration are taking hold. . . The overall trajectory of the economy has improved dramatically over the past two years, but there will surely be bumps in the road ahead."
On Friday Goolsbee and Gene Sperling, director of the National Economic Council, released a report titled "A Strategy for American Innovation: Securing Our Economic Growth and Prosperity." It's an update of the administration's earlier take on innovation, released in September 2009.
The White House said its new report "will outline the importance of investing in innovation and the industries of the future to grow our economy, create jobs and win the future." The "win-the-future" language, a slogan the president unveiled in his State of the Union address, is being used in a variety of White House communications as Obama cranks up his 2012 re-election campaign.
Boehner (R-Ohio) said in a release, "The president's 'stimulus' spending binge isn't working and has failed to deliver on its promise to keep unemployment below eight percent. The spending binge is hurting job creation -- eroding confidence, draining funds away from private investment and spreading uncertainty among job creators."
Answering Boehner, House Minority Leader Nancy Pelosi, his predecessor as speaker, argued that the Republican majority has yet to offer a plan for creating jobs after being in charge for almost a month in the House. "Instead," Pelosi said, "they are now concentrating on 'recalibrating their communications strategy' and their 'economic message,' while continuing to promote divisive intitiatives that produce no jobs. Americans' top priority is jobs, not new economic message strategy by Republicans."
These numbers are coming from a, "government survey". They wouldn't try to put a positive, self serving spin on it or manipulate the numbers would they? Many are too gullible...
February 05 2011 at 12:34 PM Report abuse Permalink -2 rate up rate down Replyjjohnblack.....try not being partisan just once. Do the math.....36,000 jobs created can't drop unemployment by that much.
February 05 2011 at 8:32 AM Report abuse Permalink rate up rate down ReplyLet's put this into perspective. To bring the unemployment rate down to 8% the economy will have to produce 250,000 jobs a month for the next two years. 36,000 jobs is a monumental achievement? It is the fewest number of jobs produced in 4 months. Also, considering jobs lost,there is no positive net gain. Nice try...
February 04 2011 at 10:03 PM Report abuse Permalink -14 rate up rate down ReplyThese numbers do not add up. There are millions fewer jobs and millions of young graduates of three classes chasing the 36,000 jobs a month being added now. Find the discrepancy; as a reporter you owe us the whole story.
February 04 2011 at 9:38 PM Report abuse Permalink -12 rate up rate down ReplyJoe are you for real? Obama (against the wishes of his own party) extended tax breaks in December, extended unemployment and is on an agressive campaign to move business into the expansion of jobs. Thats what is picking up the economy
February 07 2011 at 5:26 PM Report abuse Permalink -1 rate up rate down ReplyDidn't anyone in the Tea Party take even a basic course in Macro Economics? Maybe Bush was right: we need more college education and perhaps it is nowhere more obvious than among the conservative wing of the country.
February 04 2011 at 7:59 PM Report abuse Permalink +12 rate up rate down ReplyMaybe it was micro economics...if you can't balance a budget ...sooner or later you lose everything you got.
February 04 2011 at 8:14 PM Report abuse Permalink -13 rate up rate down ReplyMost observant people would tell you that the November elections trimmed Obama's money tree and took away his ability to raise taxes. That caused an immediate uptick in the economy.
February 04 2011 at 7:16 PM Report abuse Permalink -12 rate up rate down ReplyAll the money spent on Banks, stimulous, Tarp and divide that by the number of jobs created - it is a total joke. We now are trillions in debt and have nothing to show for it. Obama is a liberal on steroids and we are in Afganistan and for what? People, this used to be the richest country int the world, not any more.
February 04 2011 at 7:04 PM Report abuse Permalink -12 rate up rate down ReplyLets go back 10 years to when Bush started his presidency right after Clinton had a surplus for 3 years ina row. Bush claimed if we lowered taxes for the rich it would help the economy. Then he started a war in Afghanistan and Iraq because everybody knows america prospers during war time right? Then after 8 years of this just before Obama was to start his presidency Bush stood there and proudly proclaimed "The fundamentals of the economy are sound" A week before it blew up in his face and he came out and said the country was going broke.. McCain saying he knew absolutely nothing about economics mimicked Bush. Both came off as fools. Now you have Mitch McConnell and John Boehner saying the same things as Bush and McCain and people (Republicans) are buying it). Unemployment which went from 4.2 percent to when Bush started and then went over 10% within a year after he left us this mess. The people who know what is going on are not buying that the unemployment that kept on going up after Bush left is any of Obama's doing. but the disinformation just keeps flowing and it's not helping a damn thing.
February 04 2011 at 6:29 PM Report abuse Permalink +13 rate up rate down ReplyBush started a war? ,what he just got up and decided to kick some booty.....did you neatly forget about 9/11....or does that just not matter to you?
February 04 2011 at 8:12 PM Report abuse Permalink -14 rate up rate down ReplyMight I remind you Congress approriates, not the President! You might also check on how Obama voted on all those bill's you blame Bush for. The truth is the people can not trust Congress with their money! We need a balanced budget amendment and term limits to get rid of the career politians who have no clue what the "people" want. I'm sick of big brother, don't worry we'll take care of you attitude of politians. They come home and say see what I did for you, aren't I wonderful. Never showing what they did is not paid for, nor funded for even the mid term. Disgusting!
February 04 2011 at 8:37 PM Report abuse Permalink -13 rate up rate down ReplyMuch like the way gov't prices inflation, the way they count the Jobless rate is hoax. The real jobless rate maybe nearer to 17-20%.
February 04 2011 at 6:11 PM Report abuse Permalink -10 rate up rate down Replyno government, no president, of either party can do anything to create real private sector jobs. they can only do things to discourage job growth. cutting payroll taxes, for instance, is the govt getting out of the way, not actually running a jobs program that cost money and doesnt create jobs. it puts money directly into the pocket of the guy who earned it, so he can use it to best fulfill his needs. instead of spending 1 trillion on a stimulus plan that directed money we didnt have to the places govt thought best to spend it, why didnt they give 1trillion in tax breaks to the american people, put the money directly in the peoples hand and let them get the economy going. it's not rocket science to figure out simple means better.
February 04 2011 at 5:56 PM Report abuse Permalink -8 rate up rate down ReplyYou are so right. Government can do nothing to make a company, hire expand,borrow funds to expand and all the tax credits mean nothing. A company will only expand when he sees revenue increase enough to support that expansion.Just because he invests on wall street to make money means nothing. If government really had a clue they would have gotten more money in the public's hand to spend which creates an economy which then creates jobs. The best they could have done with the stimulus money was send checks out to the people they at least would have gotten a return on their investment with the taxes on higher revenue and income taxes from people working. Right now government is suffering from serious tax revenue loses due to high unemployment, lower wages being paid and companies reduced revenue.
February 04 2011 at 6:45 PM Report abuse Permalink -14 rate up rate down ReplyFollow Politics Daily
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