May 4, 2012 Addendum. The April jobs report confirmed my worst fears. The U.S. economy added just 115,000 jobs and yet the unemployment rate is down another tenth of a percent to 8.1%. In other words more people have given up the search. This is another great day for Mitt Romney. Everything I wrote on April 28 remains valid. The difference is it has just been reinforced.
Is the recession over? Not if you are unemployed. Over 12 million Americans are in that status. Most of those people have families that have been impacted. The impact is more likely on three to four times that number. Worse is that the number is not the real number because many more people are no longer counted as unemployed. Most economists add about 50% to the official numbers to reach that real number.
The Obama administration failed to address the primary issue facing the nation. That is the condition of our economy.
Where is the plan to change our course of outsourced jobs? It does not exist.
The latest pieces of economic data support the feeling that the economy is struggling to recover from the Great Recession. New claims for unemployment benefits dropped to 351,000 in the week ending February 11 of this year but have been increasing every week since then with one exception. Gross Domestic Product (GDP) for the first quarter of 2012 grew 2.2% versus a growth of 3% in the last quarter of 2011. The president can’t be held responsible for everything in our economy but there is little he has done or proposed to improve the situation.
The problem is that Mitt Romney has not enunciated any actions he would take that would change our desperate employment situation. The number of unemployed reached over 14 million people and has now dropped to under 13 million. However the number of long term unemployed has not been significantly reduced and still remains over 5 million people. Obama’s policies did save the country’s auto manufacturers but too many products and services are now provided in other countries.
Americans are the employer of the president. We have the right to expect results. Barack Obama’s four year contract is almost up. Unfortunately the alternate candidate for the job has not told us what he would do to change our economic situation.
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What we needed and still do need, is the infrastructure repairs jobs bill, that will not be passed by the republicans. The bill has been shot down twice, We need to invest all our time and recourses into clean non-fossil fuel/energy, thus providing new jobs and also would put us back into the global market in a good way. If you want to blame the right people then you need to blame the republican house,. the president can’t enact laws on his own, or even create the laws, he has the limited power of veto’s but that is about it, so blame the right people, the republican party is corrupt in the house and needs to be removed, then we have a chance at reclaiming our govenment.
You are correct. The president does not have the power to legislate. My question is where are his solutions? My new 50″ television was assembled in Tijuana. My clothes are made everywhere but in the USA. My car is assembled in the USA but made from Japanese parts. Apple is a successful company but it employs hundreds of thousands of people in China.
The recession is officially over but the unemployment rate does not concur.
Don’t forget we had a Democrat congress in 2008-
I don’t see that very much was accomplished. Now that the President is running for re-election, he seems very interested in coming up with ideas and plans trying to be a leader instead of a golfer. Too little- too late.
We need to back the presidents plans to penalize any company that outsources and give tax breaks to those that come back to the usa. We need stronger regulations in place to protect people from corporations and a cap on the amount of difference in pay between ceo;s and employees, We need to get passed the jobs program that would enable our infrastucture to be repaired, These are all ideas of the president that have been turned down, over and over. Romneys wishes have been stated and if you look online you should be able to find his position on the various elements of economy strategy
Here’s an interesting article that shows the President paying
back a debt to George Soros and the corporations that helped him get into office in 2008 by outsourcing US jobs to Brazil.
“Obama now outsourcing US jobs to Brazil along with oil production
Kenneth Schortgen Jr
Finance Examiner
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On January 19th, President Obama rejected plans to allow a Canadian pipeline to be built from the neighboring country to Texas to faciliatate oil production. The Keystone pipeline would have allowed for many new jobs in both the US and Canada to be created, and also allow for an increase of local energy that is not reliant upon Middle Eastern production.
However, this is not the only job killing project the Obama administration elected to veto this week. In a contract bid to build a light air support plane for the military, the procurement office rejected a proposal from US company Hawker-Beechcraft and instead gave the $1 Billion contract to a Brazilian company that is currently under SEC investigation.
Here’s a little something that caught my eye today. It seems after investing around $100 million in this project, Hawker-Beechcraft has been excluded from a contract, worth almost $1 billion, to build a new light air support plane.
What intrigues me is the Brazilian company Embraer, the likely contract winner, is currently under investigation by the U.S. Securities and Exchange Commission, and the Justice Department, for possible violations of the US Foreign Corrupt Practices Act.
According to Financial Times, Embraer is “venturing into the defense industry” and “is one of a select few Brazilian companies that has managed to break out of the Latin American market and compete on a global scale” – Liberty News
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The coincidence of Brazil being the recipient of White House contracts and loans is a recurring theme in the Obama administration. In March of this year, President Obama loaned a Brazilian Oil company with George Soros ties $2 Billion dollars to begin offshore drilling, at the same time he was halting US drilling in the gulf region.
With true unemployment over 16% in the US, and events in the Middle East leading to a potential breakdown of oil production and distribution through the Straits of Hormuz, it is very odd that the White House is continually seeking to outsource jobs, contracts, and energy to foreign companies when more than ever, the people of the United States need it in their economy. Perhaps like the Solyndra debacle, the White House is hamstrung by crony capitalism and debts owed to people and corporations that helped him get into office in 2008.
Four years after the recession of 2007 and 2008, Americans are still desperately seeking jobs and a halt to the outsourcing of companies and contracts to foreign nations. It appears however, that no matter what the President says in his speeches on the campaign trail for his re-election, his actions show that his intentions are not predictated on true job creation, as validated by the outsourcing of oil production and military contracts to Brazil over companies in the US
You are correct. Unfortunately the big business lobbyists have stopped the kinds of legislation that is needed. Do you think Mitt Romney will change this situation? In your dreams!