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Author Topic: Obama's 'overriding focus:' Jobs  (Read 990 times)
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JohnBrowdie
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« on: November 02, 2009, 01:11:42 PM »

it's only an overriding focus AFTER cap-and-trade, nationalized health care, EFCA, the unstimulating stimulus, re-investigating CIA operatives for being too harsh to people that are trying to kill us, agonizing over bush administration crimes against humanity, dueling with dick cheney, appearing endlessly on television, apologizing to the world (repeatedly) for america existing, talking to david letterman, date nights in new york, and campaigning for jon corzine.

but it is humorous, and so very like him, to say the he is going to reinvent the economy on a "post bubble growth model".  that's like saying that he is going to re-invent air.  one way of doing that is to destroy any possibility of significant economic expansion.  no bubble, no bubble bursting.  problem solved.

Quote
Obama's 'overriding focus:' Jobs
President Obama sought today to get ahead of new unemployment numbers later this week, declaring the creation of long-term jobs to be "my administration's overriding focus."

The economy is recovering, he said, but jobs are a lagging indicator and he expects the unemployment situation to get worse before it gets better, Obama said at a meeting of the President's Economic Recovery Advisory Board.

The current jobless rate is 9.8 percent, its highest level since 1983. A new figure comes out Frday, and Obama and aides have said they would not be surprised to see unemployment top 10 percent.

In meeting with his recovery board, Obama said he wants to change the debt-driven nature of recent economc growth, one that led to drastic job losses when people couldn't pay what they owed. Obama said he is seeking a "post-bubble growth model, one that is sustainable."

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