Monday, September 21, 2009

Thank You Obama For Warning Us Not To Look For Jobs Until 2010 - We Won't Hold You Accountable Because You Are Honest With Us

Obama: Economy probably won't produce enough jobs until 2010

I miss an adversarial debater named "News Junkie". During the middle years of the Bush Administration I used to participate at the "ReddingNewsReview.com" message board. NewsJunkie was a Black female, loyal Democrat who did everything possible to upend George W Bush.

I recall that the culture on the board had us seeing the "First Friday Job Report" as some lotto drawing. If the number was good - the conservatives did a "nah nah nah nah nah" to the Bush haters. When the numbers were below 120,000 the anti-Bush forces had a field day. Now that I think of it, there was another poster - "Saxman" who introduced the constraint of what a "good jobs report" was. He produced some report that said the nation needed to create 150,000 new addresses each month in order to cover our natural population growth. Thus we should be mindful of the consciousness at the time: It was not just positive jobs growth that was required but instead the growth was qualified. There needed to be growth above 150K or "Bush Failed".

My friend NewsJunkie always made the case that we were in a "Jobless Recovery". Her favorite economic source was the progressive biased "Economic Policy Institute". They constantly hammered Bush as having the WEAKEST recovery of all recoveries in recent history.

After Obama: Less Bad News Is Good News

Fast forward to today. Now we have President Obama seeking to get a pass on job growth until next year.

Does anyone suspect that if in2010 we don't see the steady 150K per month in (green) job growth that we will be hearing two things:
  • The "Bush Era Recession" was more destructive than we thought. We need you to stay with us through the 2010 elections rather than "changing horse in the middle of the stream"
  • If the Republicans did not force my Green Czar Van Jones out HE would have created about 200,000 in Green Jobs every month. Get the Republicans to back off of me so I can work for the best interests of the American people




WASHINGTON (CNN) -- President Barack Obama says that despite signs of economic recovery, the country will not see large-scale job growth until next year. In a wide-ranging interview broadcast Sunday on CNN's State of the Union, Obama said reversing job losses from the recession comes at the end of the recovery period, not the start.

"I want to be clear, that probably the jobs picture is not going to improve considerably -- and it could even get a little bit worse -- over the next couple of months," Obama told CNN Chief National Correspondent John King in the interview conducted Friday.

Obama explained that he believes the economy will be creating jobs through the end of 2009 -- but not enough to keep pace with population growth and to make up for steep losses in employment that occurred earlier this year.

"I think we'll be adding jobs, but you need 150,000 additional jobs each month just to keep pace with a growing population," the president said. "So if we're only adding 50,000 jobs, that's a great reversal from losing 700,000 jobs [a month] early this year -- but, you know, it means that we've still got a ways to go."

He called the issue "something that I ask every single one of my economic advisers every single day, because I know that ultimately the measure of an economy is, is it producing jobs that help people support families, send their kids to college?"

"That's the single most important thing we can do," Obama said.

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