Thanks for the Job Creation, Prs. Obama!

@ParaTed2k (22940)
Sheboygan, Wisconsin
February 5, 2009 1:50am CST
According to the Bureau of Labor Statistics there were 143,338,000 people employed in the United States in Dec 2008. According to Media Matters, the American Recovery and Reinvestment Act will create 4 Million jobs in the next 2 years. Wow, I'm impressed, with a price tag of what will end up being over $1 Trillion, the unemployment rate might go up as much as 0.027 percent in 2 years! And that is only if the people who had jobs in Dec of 2008 are still working for the next 2 years. So basically, for the American Recovery and Reinvestment Act to have a net gain in employment, the economy would have to be such that the act wasn't necessary in the first place. http://data.bls.gov/cgi-bin/surveymost http://mediamatters.org/items/200901280027?f=h_latest PS: I went with the Media Matters analysis because they had the most generous estimate of jobs created by this act. I figured I'd go with the best case scenario here to make my point.
1 person likes this
4 responses
@shamsta19 (3224)
• United States
5 Feb 09
I do commend President Obama for wanting to take swift action to try and fix our ailing economy. My fear is these politicians really have no understanding of the economic system. I hear a lot of argument on this subject but to me it still makes no sense to me to give the big businesses and banks all this stimulus money and trust them to provide job opportunities when they have failed us up to this point. Obviously something different has to be done here. My thing is why not give the American consumers something tangible they could use to repair their own individual finances. I am not suggesting we redistribute wealth or provide for those who can't or won't for themselves. We aren't the ones who caused this economic crisis to begin with but we are the main victims of it. We are the fuel of our economy. It is our tax dollars and expenditure that keeps the economy moving. We are at the top of the pyramid and money "trickles down" from our pockets, into the banks and American industries. It just makes sense to take care of us first. The homeowners, the consumers, the hard workers citizens who keep this nation afloat. What Obama is suggesting would possibly create jobs and sounds good on TV but I wonder if his plan to spend 900+ billion will be for nothing. If these same politicians and businesses pocket this money as they have in the past then we will be in an even greater crisis than before. Giving funding to the consumer will put money DIRECTLY back into the economy and therefore stimulate economic growth, jobs and the like. I mean all we are going to do is spend money for bills, material things, buy cars, and put money into these banks. This is the very thing we are hoping is accomplished with this stimulus plan so why not do it the right way? This seems to me the only thing that makes sense. In essence giving money to big businesses seems like a slap in the face to all consumers, if you ask me. We will have more jobs available when the economy gets stronger, so how does the economy strengthen? When we spend more money. Does this not make sense to anyone but me?
@shamsta19 (3224)
• United States
5 Feb 09
No one is looking beyond their own pockets with this one. We have to start at the core of the problem and work our way down or up to the businesses and banks.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
5 Feb 09
True, and the first thing Congress needs to do is pull LESS out of the economy, which means cutting taxes. People talk about money being siphoned to China because we buy their stuff, well, the federal government does the same thing when the take our income before we even see it. All that money gets pulled out of the local economy, and siphoned to Washington. Then they have the audacity to try to act like they are being "charitable" when they agree to send a portion of it back. If they just left it here in the first place, we wouldn't need so much "charity" from Washington. They are very generous with other people's money, aren't they!
1 person likes this
@shamsta19 (3224)
• United States
5 Feb 09
Yes and people fail to realize this money is coming out of the taxpayers pockets. I believe our president is attempting to try new things and it is time for that type of thinking. I just believe it is beyond too many of our politicians minds as to how the "other half" is living. These guys are not broke, they aren't struggling day to day to keep food on the table. A lot of them are only thinking about how these things effect their pockets and are not looking beyond that.
• United States
5 Feb 09
I hope this works. I hope we start getting the employment rate to go up. We need jobs despratly. And in the next few weeks, not years. I hope the market starts to go in the right direction again.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
7 Feb 09
That's the point here, an increase this small over 2 years is not an increase at all... it's a loss of jobs.
@Taskr36 (13963)
• United States
5 Feb 09
As I recall Obama said something like "create or KEEP 4 million jobs". So basically this stimulus doesn't have to create ANY new jobs because all he has to say is "4 million more jobs would have been lost if we didn't pass it". It's like I tell people, he is one smooth talker and you really have to watch his words. The human brain has a way of filling in the blanks and leading people to trick themselves. Just remember, Walmart is a $200 billion company that provides 2.1 million jobs. Spending 5 times that money in the hopes of creating and/or keeping 4 million jobs is NOT a bargain. Oh well. Nanci Pelosi warned us that every week it doesn't pass is 500 million more jobs lost so we'd better hurry! If not it will only take a month or two to make everyone on the planet lose their jobs.
@Arkie69 (2156)
• United States
5 Feb 09
I don't understand how these people are coming up with these figures. 4 million jobs in 2 years. They said yesterday that we lost 1/2 million jobs just last month that figure is increasing each month. By these figures all I see out of the 4 million jobs is just 8 months of job loss at the present rate. This bunch of nuts have had me confused for months and now they have even confused my calculator. At least the number coming out of my calculator sure doesn't match theirs. I am just about to a point where I don't know what to believe anymore. Art