Obama: Too Many Jobs Lost

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First Posted: 07- 2-09 12:35 PM   |   Updated: 07- 3-09 12:55 PM

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WASHINGTON (AP) -- With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.

In a White House interview with The Associated Press, Obama said that since he took office, "we have successfully stabilized the financial markets," and "started to see some stabilization on housing."

"But what we are still seeing is too many jobs lost," said Obama, commenting after new government figures showed the unemployment rate had risen to 9.5 percent last month.

On an important international subject, Obama is scheduled to travel to Russia next week, and he said the agenda includes talks on a new treaty to curtail long-range nuclear missiles. Asked why he intends to meet with Prime Minister Vladimir Putin, the former president, Obama said he "still has a lot of sway." Putin now is nominally the second-in-command in the Kremlin.

Obama also is to meet with the Russian president, Dmitry Medvedev.

It is important that both Medvedev and Putin hear the same message from the U.S., said Obama, who added that he believes Putin "has one foot in the old ways of doing business and one foot in the new."

Obama praised Russia for its cooperation in attempting to persuade North Korea and Iran to abandon their nuclear development programs. The United Nations recently approved "the most robust sanction regime that we've ever seen with respect to North Korea," he said.

Asked if he was resigned to Iran's possession of nuclear weapons, he said, "I'm not reconciled with that, and I don't think the international community is reconciled with that."

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Obama spoke sympathetically of white firefighters in New Haven, Conn., who won a Supreme Court case this week after claiming they had been unfairly denied promotions because of their race. But he added, "Keep in mind the Supreme Court didn't close the door to affirmative action" to help minorities.

At the same time, he conceded the justices were "moving the ball" on the issue with a 5-4 ruling in the case.

Obama, a former teacher of constitutional law, said, "I've always believed that affirmative action was less of an issue or should be less of an issue than it has been made out to be in news reports. It hasn't been as potent a force for racial progress as advocates will claim and it hasn't been as bad on white students seeking admissions or seeking a job as its critics say."

Asked about his plans for detainees currently held at the prison at Guantanamo Bay, Cuba, the president said the idea of indefinite detention being part of his legacy as president "gives me huge pause."

But he also said there are some detainees who don't fall neatly into existing categories for criminal prosecution in the United States or under international law. He said dealing with them is going to be one of the biggest challenges of his administration. He said he's not comfortable with mandating indefinite detentions on his own through executive orders, but he didn't explicitly rule that out.

And his view of Michael Jackson, whose death has dominated news coverage for nearly a week: The president said Jackson was "one of our greatest entertainers" and "I still have all his stuff on my iPod." But he said Jackson's life had been tragic and in many ways sad.

On light subjects:

-- The president spoke enthusiastically of the White House pastry chef. "Whatever kind of pie you want, he will make it," Obama said, adding ruefully that that was a problem for him and wife Michelle in regard to their weight.

-- Asked whether he was a bigger fan of Kobe Bryant or Michael Jordan, one the reigning MVP of the National Basketball Association and the other a retired superstar, the basketball-playing president said without hesitation: "Michael. I haven't seen anybody match up with Jordan yet."

WASHINGTON (AP) -- With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will b...
WASHINGTON (AP) -- With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will b...
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- MarionWatts I'm a Fan of MarionWatts 118 fans permalink
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He certainly had this mess handed to him on a plate, I'll say. I just wonder if he's spreading himself too thin over issues and depending on Congress too much. The Legislative Branch, as much as the Executive has various agendae and motives too, without much thought to what the President wants to achieve.

Very worrying; but, in truth, I don't know if anyone really knows what to do to stimulate the economy. We're forgetting that, prior to his Inauguration, the President told us that this was going to take about 10 years to solve.

I still trust him over the Republicans.

http://emiliawahoo76.blogspot.com
http://myspace.com/virginiadem

    Favorite    Flag as abusive Posted 05:41 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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Handed to him on a plate?

This is more like a game of Rugby and he came up with the ball. Nobody stuffed it in his hands and told him to watch out.

    Favorite    Flag as abusive Posted 05:44 PM on 07/02/2009
- JohnSawyer I'm a Fan of JohnSawyer 51 fans permalink
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Huh. No, the condition of the economy WAS stuffed into his hands, and he was told to watch out.

    Favorite    Flag as abusive Posted 05:55 PM on 07/02/2009
- tclower I'm a Fan of tclower 6 fans permalink

If Obama is going to fix the economy, then somebody... anybody explain to me how exactly Cap and Trade is going to help and not make things ten times worse by causing major industries to either relocate or increase prices for consumers to make up the difference.
Please, enlighten me. For real.

    Favorite    Flag as abusive Posted 05:29 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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He knows what is good for you. They all know what is good for you. Green is good for you.

    Favorite    Flag as abusive Posted 05:30 PM on 07/02/2009
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Jim Jones said the kool-aid was good for his followers to and look what happened to them.

    Favorite    Flag as abusive Posted 11:32 PM on 07/02/2009
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The theory is that the pressures created by bills like this cause innovation in alternative fuels and other high-tech concepts like emissions capture. Looking at the bigger picture, companies that are somehow involved in burning fossil fuels as a part of their business model get a large portion of that fuel (oil) from foreign countries. This is a net capital outflow and in effect a transfer of wealth from us to say, Saudi Arabia.

If we can lead the world in energy production (wind, solar, bio), that industry can be the next "industrial revolution" for us by not only keeping our energy outlays domestic, but exporting the clean energy. Eventually we have to correct the trade deficit, it's the source of many of our economic woes. Energy is a big contributor to that deficit.

    Favorite    Flag as abusive Posted 05:37 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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I thank you for your honesty. You are correct when you say "theory" because that is all any of this is. There is no data or situation to prove that artificially reducing the supply by making it more expensive will bring on a state of innovation that will usher in a new era of viable, affordable, and clean alternative fuels.

    Favorite    Flag as abusive Posted 05:43 PM on 07/02/2009
- JohnSawyer I'm a Fan of JohnSawyer 51 fans permalink
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I like the concept, but ANY green technology the US can develop, can be duplicated cheaper in many non-US countries, and many countries are now also great innovators themselves. Already, many solar panels installed in the US, are made in China. The same thing may happen with biofuels, wind turbines, etc. A more complete approach needs to be taken to this industry, in order to get and maintain the US as a player in the field, than just saying "Let's use green technology", since if that's all one says, that technology will be invented and manufactured elsewhere, and all we'll be able to do is to buy it and use it. I don't know how bad that would be, but not as good as inventing and making much of it ourselves.

    Favorite    Flag as abusive Posted 05:51 PM on 07/02/2009
- tclower I'm a Fan of tclower 6 fans permalink

Is that the argument that is being made? What business doesn't know that creating a car that runs on pixie-dust wouldn't be hugely profitable? And what about our electricity? Our electrical costs are going to increase as well. Shall we use the same pixie-dust to make electricity for our homes and businesses? Those prices are going to go up as well. Innovations in technology don't happen because businesses are under financial stress.

Wind, solar and bio? They could hardly sustain the whole country at this moment in time. Not even a quarter. The country is not ready by a long shot to depend on those. No country is. We won't be leading anything. All we are going to do is cripple our own countries already stressed economy and THEN we'll lead the Chinese into getting pissed off at us because we can't pay back our 3 trillion dollar loan we just took out from them.

    Favorite    Flag as abusive Posted 06:05 PM on 07/02/2009
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Cap and Trade is the development of carbon tax for companies who pollute the air much as environmentally it has always been the argument that although many companies pollute, they do not pay for this pollution.

So we're now entering Phase Two of the Kyoto Treaty which the USA has not signed under Clinton or any of the Bushes. Kyoto Trading is a way for companies to actually trade their carbon usage points on the stock market. This program would allow you to make money based on how much carbon you save, not only that but also trade your carbon usage points as stock points. So we have the makings of cleaner emissions 101 and also incentives (wealth) to prevent pollution.
http://en.wikipedia.org/wiki/Kyoto_Protocol There were already in the 1990's carbon stock exchange companies setup around the globe, much like the NYSE. http://www.chicagoclimatex.com/

    Favorite    Flag as abusive Posted 08:34 AM on 07/03/2009
- ronjdomer I'm a Fan of ronjdomer 6 fans permalink

Seeing it has been about 4 1/2 months since the passage of the stimulus package, I believe we will start seeing significant effects in about 2 to 3 months. The term "shovel ready" projects should have never been used. People don''t even engineer projects until they are pretty sure that they are going to get funding. The stimulus provides the funding and it takes about 6 to 8 months from the beginning of engineering to the beginning of construction. The number of construction jobs created is much greater than the engineering jobs created. Be patient!!

    Favorite    Flag as abusive Posted 05:29 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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I guess we will just have to wait 2 to 3 more months than.

Remember when Obama said caterpillar was going to hire all those workers back?

    Favorite    Flag as abusive Posted 05:32 PM on 07/02/2009
- Samalabear I'm a Fan of Samalabear 73 fans permalink
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The other day they said they were not only going to stick to the prior layoffs but a few hundred more were going to lose their jobs.

    Favorite    Flag as abusive Posted 10:36 AM on 07/03/2009
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Shovel-ready means the designs were already in place but the funding wasn't.

    Favorite    Flag as abusive Posted 05:39 PM on 07/02/2009
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Shovel ready also meant the most meaningless projects that only last a couple of months. Like the under road turtle crossing in Florida or the dog park in San Fransico. Wow a lot of jobs created there.

    Favorite    Flag as abusive Posted 11:34 PM on 07/02/2009
- MadHeart I'm a Fan of MadHeart 159 fans permalink

Pres Obama doesn't have anything to do with the job loss--businesses, esp large corporations, do. Don't pay any attention to Wall St.--that's just people making money (some of it by laying off people--expense cutting). The only reason Wall St. has any concern is because unemployed people don't buy much. But they benefit by laying off people and saving money, or as they have done for a number of years now, hiring the cheapest labor they can find or having employees double up their work load.

Is it Obama's fault that so much mfg has relocated overseas? Is he responsible for the housing collapse, which in turn affected many small businesses? Is he responsible for the horrible economy he inhabited? Is he responsible for the 8 years prior to his taking office, including the $700 billion voted to "save" financials, and Wall St., plus the trillions printed up by the Fed and handed out like candy at 0% interest to them?

Business isn't creating any jobs--they are having to be prodded by govt subsidies to even get into the green industry, the Obama plan. Business is run not by doing what's right--it's done by making the most profit, no matter how they have to accomplish it; even those who yell "free enterprise" the loudest are not immune to govt money. Customer demand, my a**. If that were the case, we would have had 50 mpg vehicles 30 years ago.

    Favorite    Flag as abusive Posted 05:23 PM on 07/02/2009
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"Customer demand, my a**. If that were the case, we would have had 50 mpg vehicles 30 years ago."

You obviously no nothing about profit margins. Why would any company spend X-amount of dollars in developing a hybrid when oil had been in the $10 a barrel range up until a few years ago? At which point you have to ask: What customer would pay that much for a hybrid when gas was $0.78 a gallon? Even when gas dropped last year, Prius' were starting to show up on the lots again versus being backordered when gas was $4.

    Favorite    Flag as abusive Posted 05:36 PM on 07/02/2009
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Which is why we should consider a tariff on imported oil.

    Favorite    Flag as abusive Posted 05:40 PM on 07/02/2009
- MadHeart I'm a Fan of MadHeart 159 fans permalink

Because it IS all about profit. SUVs were huge profit makers and gas guzzlers. The first car I bought in 1968 was a Ford Falcon, one of the sub-compacts they were starting to develop, when gas was 29 cents a gal., and since that one, have never owned anything but a 4 banger, 5 spd. I always bought the most gas efficient car I could find. Too bad others didn't.

    Favorite    Flag as abusive Posted 06:00 PM on 07/02/2009
- chargerman I'm a Fan of chargerman 40 fans permalink

Obviously you have never run a business. Wear the union pin proudly.

    Favorite    Flag as abusive Posted 08:25 AM on 07/03/2009
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Hang in there! I just got a job last week and it is only because the project I'm working on is receiving stimulus money - it's working - just more slowly than we'd all like.

    Favorite    Flag as abusive Posted 05:12 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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There we go. One job saved or created by the stimulus. How many more millions to go?

    Favorite    Flag as abusive Posted 05:15 PM on 07/02/2009
- JohnSawyer I'm a Fan of JohnSawyer 51 fans permalink
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So you think that just because Andrea reports she got a job as a result of stimulus money, that she's the only one who has?

    Favorite    Flag as abusive Posted 05:20 PM on 07/02/2009
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LMAO!

fanned

    Favorite    Flag as abusive Posted 05:25 PM on 07/02/2009
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Good for you. Replenish your emergency fund first.

    Favorite    Flag as abusive Posted 06:17 PM on 07/02/2009
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Congratulations!

    Favorite    Flag as abusive Posted 09:24 PM on 07/02/2009
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For the record
"according to data from the U.S. Department of Labor Bureau of Labor Statistics, in 1981, Ronald Reagan's first year in office, the U.S. average unemployment rate stood at 7.6 percent. During Reagan's presidency, it reached a high of 9.7 percent, and had declined to a level of 5.5 percent when Reagan left office. The rate from when Reagan entered office through his last year declined by 2.1 points"

    Favorite    Flag as abusive Posted 05:09 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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Reagan didn't say that his plan would keep it from going above 8% which we are now well over.

For the record.

    Favorite    Flag as abusive Posted 05:13 PM on 07/02/2009
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For the record;
You're OK with the FACT that your supreme can do no wrong Conservative Reagan did have an unemployment rate of 9.7 regardless of Obama's statement of 8%.

    Favorite    Flag as abusive Posted 05:22 PM on 07/02/2009
- BigAl72 I'm a Fan of BigAl72 152 fans permalink
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Correct. And all these righties are blaming Obama as if he's been President for 8 years already.

    Favorite    Flag as abusive Posted 05:15 PM on 07/02/2009
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Bush started the fire no doubt about it but Obama is through gas on it every chance he gets. People need to wake up and see that our political system is broke and all politicians no matter what party they are need to go away before we end up a third world country.

    Favorite    Flag as abusive Posted 11:29 PM on 07/02/2009
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I vote this one for 'Statement of the Obvious' award of the year. Next they'll be 'concerned', then 'troubled', and finally 'disturbed' at the slow recovery from the firesale started under Reagan

    Favorite    Flag as abusive Posted 05:07 PM on 07/02/2009
- Joseph A. Palermo - Huffpost Blogger I'm a Fan of Joseph A. Palermo 413 fans permalink

http://www.huffingtonpost.com/joseph-a-palermo/arnold-schwarzenegger-and_b_223658.html

Schwarzenegger and the extremist Republicans we have out here in California are doing everything they can to counter any positive effects his stimulus might have on the economy -- it's another political ploy by the GOP desperate to win by bringing down the country

    Favorite    Flag as abusive Posted 05:05 PM on 07/02/2009

This is the most retarded thing I have ever read. Get a Job. Maybe you should help out the economy and make something tangible. With your brains you should be able to get a job in a sweat shop in downtown LA.

    Favorite    Flag as abusive Posted 05:09 PM on 07/02/2009
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Right....cause everyone knows California is a battleground state!

    Favorite    Flag as abusive Posted 05:10 PM on 07/02/2009
- Mekrabb I'm a Fan of Mekrabb 2 fans permalink

The republicans are not on control in CA.

    Favorite    Flag as abusive Posted 05:10 PM on 07/02/2009
- ExpatDane I'm a Fan of ExpatDane 5 fans permalink

They are not the majority, but they are definitely in control.

    Favorite    Flag as abusive Posted 05:15 PM on 07/02/2009
- JohnSawyer I'm a Fan of JohnSawyer 51 fans permalink
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The Republicans, though not numerically in the majority in California government, have more influence than their numbers, due to a stupid part of the California constitution that mandates that a two-thirds vote of the California Legislature is needed to pass the state’s budget and tax increases, instead of a normal majority vote.

    Favorite    Flag as abusive Posted 05:29 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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You are a conspiracy theorist.

    Favorite    Flag as abusive Posted 05:11 PM on 07/02/2009
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I live in Orange County CA. Believe me it's controlled by Republicans.

    Favorite    Flag as abusive Posted 05:29 PM on 07/02/2009
- tclower I'm a Fan of tclower 6 fans permalink

Are you kidding? Schwarzenegger grouped with extremist Republicans? He's a Kennedy puppet.

    Favorite    Flag as abusive Posted 05:32 PM on 07/02/2009

Alzheimer's sucks

    Favorite    Flag as abusive Posted 05:11 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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We need a jobs czar!

How many times has that been said today?

Well, increase that number by one.

Hello all.

    Favorite    Flag as abusive Posted 05:03 PM on 07/02/2009
- tclower I'm a Fan of tclower 6 fans permalink

Yeah, bigger government.. I'm sure that will fix it. Big government is what's causing this mess... whether it's under Bush, Obama or whoever.

    Favorite    Flag as abusive Posted 05:07 PM on 07/02/2009
- willt7311 I'm a Fan of willt7311 140 fans permalink
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I am with you.

It was a joke.

    Favorite    Flag as abusive Posted 05:13 PM on 07/02/2009
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Unrestricted capitalism is what got us into this, enabled by the GOP. Read something!

    Favorite    Flag as abusive Posted 05:17 PM on 07/02/2009
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How is big government causing this mess?

    Favorite    Flag as abusive Posted 05:26 PM on 07/02/2009
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I’m amazed, the most important news in America right now and this thread is eerily quite from the left. Are they out gathering their talking points?

    Favorite    Flag as abusive Posted 05:02 PM on 07/02/2009
- Satis I'm a Fan of Satis 3 fans permalink

You wouldn't understand the difference from the neocon right and the progressive right. Obama is center right.

    Favorite    Flag as abusive Posted 05:13 PM on 07/02/2009
- Satis I'm a Fan of Satis 3 fans permalink

Correction

I meant the progressive left. But you would still not understand any difference.

    Favorite    Flag as abusive Posted 05:16 PM on 07/02/2009
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Do you even know what the term neocon means? Thought not.

And if you think Obama is center right, think again - as head of the Democratic Party, most Americans see him as "Too Liberal" - Gallup June 30, 2009
http://www.gallup.com/poll/121307/More-Americans-See-Democratic-Party-Too-Liberal.aspx?version=print

If you see him as center right, you better check when your visa runs out; Beijing is calling.

    Favorite    Flag as abusive Posted 06:15 PM on 07/02/2009
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The mess you clowns made is very hard to clean up. Hope you are proud of yourself.

    Favorite    Flag as abusive Posted 05:18 PM on 07/02/2009
- bolivare I'm a Fan of bolivare 9 fans permalink

And what would those talking points be since that is what you want?

    Favorite    Flag as abusive Posted 05:18 PM on 07/02/2009
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I'm waiting to hear the gospel from you! You have received it from your messiah haven't you?

    Favorite    Flag as abusive Posted 06:19 PM on 07/02/2009
- thegrifter I'm a Fan of thegrifter 8 fans permalink

Don't worry, you're going to run out of money too and then you're going to be just like your RNC leader.
A Foo!

    Favorite    Flag as abusive Posted 05:26 PM on 07/02/2009
- Mekrabb I'm a Fan of Mekrabb 2 fans permalink

I live in CA. Last month I had two jobs, one as a teacher and one at Home Depot. Teaching is done for the summer and I was not a full time employee. Chances of getting a teaching job look very bleak with only 7 weeks until school starts. I was laid off from Home Depot from a seasonal job. They kept two other seasonal employees on who are not US citizens but have have a work visa. Where is this administrations priorities in making sure US citizens have jobs? Or making sure students will not have to learn in over crowded classrooms? There is no reason to have so many out of work teachers anywhere.

    Favorite    Flag as abusive Posted 05:00 PM on 07/02/2009
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"Where is this administrations priorities in making sure US citizens have jobs? "

Careful, you may be labeled as a R@cist.

    Favorite    Flag as abusive Posted 05:05 PM on 07/02/2009
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The stimulus bill had huge amounts for education. The school district in my city was just able to keep several dozen teachers due to stimulus money. The GOP likes to demonize the teacher's unions and public education spending, so don't look for any help from them.

As far as penalties on corporations for outsourcing American jobs or hiring imported cheap IT labor......well I've been barking up that tree for a long time. But the people who lobby Congress are the owners of these corporations who are the only ones benefiting from cheap labor.

    Favorite    Flag as abusive Posted 05:30 PM on 07/02/2009
- jumperpin I'm a Fan of jumperpin 10 fans permalink
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He's certainly well meaning - but hopelessly insulated from economic reality by overschooled and undereducated "experts".

When he was closer to the people, through '08, major trade reform was on the table. Oh...and employer enforcement was the key to fixing illegal immigration (remember that one?).

Sorry, but neither EFCA, college-for-all nor "clean coal" will do the trick.

    Favorite    Flag as abusive Posted 04:55 PM on 07/02/2009
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u prefer the uneducated bushian style, is that is genius...

    Favorite    Flag as abusive Posted 05:02 PM on 07/02/2009
- jumperpin I'm a Fan of jumperpin 10 fans permalink
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You mean our first MBA in the White House?

Thanx for supporting my point.

    Favorite    Flag as abusive Posted 09:09 PM on 07/02/2009
- underoath I'm a Fan of underoath 267 fans permalink
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Well i'm glad the right took this time of tremendous hardship to play politic's , stay classy republican's.

    Favorite    Flag as abusive Posted 04:55 PM on 07/02/2009
- PLUTim I'm a Fan of PLUTim 2 fans permalink
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Reagan's tax cuts took 16 months to create positive job gains....

    Favorite    Flag as abusive Posted 04:53 PM on 07/02/2009
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True, but he cut taxes heavily on business. Why do you think they started to expand and hire?

    Favorite    Flag as abusive Posted 04:58 PM on 07/02/2009
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tell us more from fantasy tales...

    Favorite    Flag as abusive Posted 05:03 PM on 07/02/2009
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For the record:
In 1970 the gap between the top 100 CEOs' average pay and the pay of average workers was 45 to 1 ($296,170 to $6,542), reflecting the restraints of lingering New Deal financial controls and mores. As those controls weakened, the gap increased to 127 to 1 by 1980. As deregulation, tax cuts, and the union bashing of the Reagan era took hold, the gap jumped to 321 to 1 by 1990. In 2000, as "financial innovation" pumped up fantasy finance, the ratio of CEO pay to the average workers' pay hit an obscene level of 1,510 to 1. And then by 2006, at the height of the fantasy finance boom, it climbed to a whopping 1,723 to 1 ($50,877,450 to $29,529). The financial sector soaked up trillions of dollars of wealth accumulated by the very rich, while average real wages remained stagnant.

Seems CEO could take a cut to keep their employees employed and NOT GO OUT OF BUSINESS.

    Favorite    Flag as abusive Posted 05:14 PM on 07/02/2009
- bolivare I'm a Fan of bolivare 9 fans permalink

Thats a load of wishful rewriting of history. Please tell us more, I like fantasy tales.

    Favorite    Flag as abusive Posted 05:21 PM on 07/02/2009
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