Friday, December 4, 2009
In Speech, Obama Calls Jobs Report a ‘Hopeful Sign’
President Obama said that the American economy had lost only 11,000 jobs in November, less than expected. However, Mr. Obama warned everyone saying that “we have a lot more work to do before we can celebrate.” The author of this article also mentioned that Mr. Obama is under pressure from Democrats who push him to take new steps to promote job creation. “The White House says he will address the issue in detail on Tuesday, and in speech at Lehigh Carbon Community College here on Friday, the president made no specific promises.” In addition, Mr. Obama noted that even though the economy is growing, many companies are still reluctant to hire.
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2 comments:
I think it is great that the government is trying to help increase the amount jobs in America. I am concerned that they are going to extend unemployment benefits and spend more money that we do not have. Eventually with all this government spending and no repaying something is going to give and we are going to be in great trouble. I also think that it is premature to be excited about the job report because the situation is not getting better. Numbers can be manipulated to fit in the context that people need them to be and that is happening a lot in job reports. We need a real solution not just short run band-aids.
I agree. Even Obama mentioned that there is still a long way to go beyond simply creating more jobs. Still, some of the things that are being increased, such as food stamp benefits and subsidies to help people keep their health insurance, could create long lasting effects. These things ultimately create productivity by keeping the workforce healthy. I believe that increased productivity will have long lasting effects.
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