The new unemployment numbers were released today and they are grim. There were 263,000 jobs cut in September. We now are looking at 9.8 percent unemployment. That is the highest unemployment rate since 1983. Alarmingly, it is the steepest decline in employment over a similar period of time since the Great Depression.
Obama says he’s exploring any and all options he might take to see that people who wants jobs can have them. He blames the problems we are having on the ‘previous administration’. He says changes won’t happen over night. He says that the ’sobering’ statistics out today are evidence that rebuilding the economy will go in ‘fits and starts’. He says that the economy is improving overall, in spite of the almost record-breaking decline in jobs over the past year and in particular over the past few months.
That’s what he says. Do you believe him?
In other words, ignore what you are seeing and believe what I am saying. The prospect of jobs is dim, but the economy is actually better. Costs are rising, but the economy is better. The Cash-for-Clunkers program was a dismal failure, but the economy is better. Don’t look at the reports or the unemployment lines, listen to my words. Things are better. Most importantly remember that none of this is Obama’s fault. He inherited the problems.
Oh, and pay no attention to the man behind the curtain.
Obama gave this little speech as a result of the dire unemployment numbers that were released by the Labor Department today. Employment rates have dropped for 21 straight months. Current unemployment is at a rate we haven’t seen since June 1983. 263,000 jobs were lost in September. This recession technically started in December 2007. At that time, the number of people without jobs was 7.6 million. Today, the number of people seeking unemployment assistance is 15.1 million. Can it get any more depressing? I’m afraid it can.
This has become the worse recession we have experienced in 70 years. Whatever Obama is doing isn’t working. The stimulus package, the enormous amount of national debt he’s incurred in his short time in office and his attempts to charm the world into liking him us just aren’t working. The economy is in a tailspin and we are in trouble.
Obama, the main stream media and the democratic lapdogs are putting a political spin on the facts as hard and fast as they can. They are assigning blame to anyone other than themselves. I’m afraid this problem is sitting squarely on Obama’s less-than-capable lap. Unfortunately, we are all along for the ride.
Here’s the video of Obama trying to put a spin on the bleak numbers put out by the Labor Department earlier today.
Obama on ’sobering’ Unemployment Rates – Video
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October 2nd, 2009 at 9:08 pm
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October 2nd, 2009 at 10:07 pm
Obama is wrong. The problems we are having are not the fault of the ‘previous administration’.
They’re the fault of the previous administration, the one before that, the one before that one, and the one before that.
October 3rd, 2009 at 12:27 am
[...] 263,000 Jobs Cut in September, 9.8 Percent Unemployment, Highest Unemployment Rate Since 1983 - Right Pundits [...]
October 3rd, 2009 at 5:15 am
Didn’t obama and all the other Dems say there was going to be a summer recovery and by the end of it unemployment would to go down. You see wall street is going up, but it’s all built on false growth and that’s why it’s going to be a double dip recession.
October 3rd, 2009 at 7:42 am
No one’s going to hire anyone until after the first of the year. It always works like that.
October 3rd, 2009 at 7:52 am
Klo:
Trust me unemployment going to go to 15%.
October 3rd, 2009 at 8:16 am
Klo,
On three….1,2,3
“Barack Hussain Obama,
Barack Hussain Obama,
mmmm..mmmm..mmmm”.
October 3rd, 2009 at 9:02 am
well as I have said all along, America can function fine economically for those in charge with high employement as long as they have a strong police force to protect their rule of law and property and capital rights. These people have offloaded large segments of our manufacturing base to other countries with cheaper labor and fewer labor and environmental laws. But they still own the factorys, they are still going to need computer experts, managers, doctors, and lawyers and teachers for their kids. America will simply be progressively reconfigured to service their needs with as little and cheapest labor as possible. The middle class is almost gone, and immigrant labor is cheap. During the “first part” of this W recession worker productivity was pushed up 6 percent despite all the layoffs and pay freezes or cuts. Fear works. Capital feels no need to strive for full employement. The Democrats, and obama(sort of two separate entities) take a more populist yet still centrist view in that more jobs are good for them and everybody. Conservatives, pulled sharply to the right now think that anything with a populist slant, like jobs or universal health care is a direct threat to their happiness. Its really that simple. In our country, capital, corporate, and moneyed rights reigns supreme frankly. It does need a cheap flexible labor force, but it owes them nothing in its mind. That is why they are so mean spirited. The ruling class doesn’t want any more cost centers on their balance sheet, but they eagerly took all the free taxpayer bail out money. why?. They may be ideological, but they aren’t crazy.
October 3rd, 2009 at 10:24 am
“mmmm..mmmm..mmmm”
Indeed!!!
October 3rd, 2009 at 10:27 am
Youth unemployment is at 52%. How about another minimum wage increase!
October 3rd, 2009 at 11:27 am
The One + naivete’ + incompetence x arrogance = The laughing stock of the globe.
October 3rd, 2009 at 11:40 am
Hondo, I am afraid it goes a lot deeper than just him. everyone step on up to your responsibility for this national mess! I sure don’t see any clean hands in the room.
October 3rd, 2009 at 11:40 am
you don’t grow the economy with a pork laden stimulus bill.
it’s time for a new approach.
Palin 2012
October 3rd, 2009 at 11:43 am
I am sure we all want a competent Mom to come in and clean up a mess all the men have made, but Palin is an ameuter all the same, and I am not aware of any of the advisors she is starting to surround herself with, if she is.
October 3rd, 2009 at 11:47 am
Tim V:
No offense to Palin, but I don’t see her running. I mean if you ask me she’s being smart by writing books and making speeches, because if you ask me that’s the right move. If you want a new direction vote for a candidate who supports a balanced budget amendment and the Fair Tax like Mike Huckabee or Jeff Flake. Overall if I had to pick the future of the Republican party it would be Marco Rubio, because just look at his wife.
October 3rd, 2009 at 11:48 am
To really make new money we will need to manufacture things again and sell them domestically and internationally through all sorts of arrangements. so true, wages will have to go down including health care costs and retirements to compete with the world and rare material costs will also have to be gotten more cheaply. we have good expertise in creativee financing and marketing alright, and distribution also. but without the first two things we are cooked. the asymmetric system now of services and financial engineering and mulitary spending confiscating the productive wealth of the nation just won’t sustain itself. then our huge entitlement programs will keep on draining unless the money ends up in productive hands once its spent.
October 3rd, 2009 at 11:48 am
Brian:
For the first time in my life I can agree with you on Palin.
October 3rd, 2009 at 5:20 pm
Palin has the mojo
October 3rd, 2009 at 6:45 pm
Tim V – yes she does!!!
October 4th, 2009 at 9:59 pm
Brian:
Hope you don’t mind me asking, but what do you mean by ‘middle class is gone’ ? Have all americans become rich ? They are certainly not poor – not for someone who looks in from outside.
The reason India/China etc can keep costs down is because for those who can’t afford better things, there is very low cost (and often low quality) health care, transportation and food subsidies. Three major expenses in an average person’s daily life. This makes wages low which affects everything, including cost of higher education.
I’m not suggesting things are better in India than US by any stretch, but for a middle class indian, within the indian context – of bad roads and broken infrastructure – life seems to be less economically worrying than what I read these days on american blogs and websites.
Are you advocating public health care,building more public transportation by taxing gas/luxury car owners and providing food subsidies ? If not, how to drive costs & wages down to make US manufacturing more competitive ?
October 4th, 2009 at 10:19 pm
the middle class is gone. post world war 2 usa had a middle class evolve where one income would provide comfortably for a family of 4-7. now it takes two professional incomes to really provide a similar lifestyle for a family of 3 or 4. college educations then were so cheap you could go to a good state school and get out with minimal if any debt. the 40 hourwork week reigned, not this part time or 50- 70 hour work week we have now. middle class kids didn’t aspire to be thugs and hip hop rap stars. a lot of wives didn’t want to or have to work. teen wildings didn’t occur on our streets and parks. you could leave your doors unlocked and garages open. It was a much gentler time. thats almost completely gone. the middle class had certain expectations, and those have all been robbed. in fact in many parts of the country the white middle class has been completely repeopled with immigrants and other races who worked cheaper and took up more of the work force pushing profits for companys. Ultimately capital won out and the middle class dignities were extinquished. yes, now that the US and other developed countries have helped develop manufacturing bases in developing countries they are evolving faster and can provide an endless supply of even cheaper labor. capital won out again. basically there are things we could improve, health care reform isn’t public health care really, but would make sure more of the public got care through a pot poorri of assembled private and public programs. I think the US could be innovative in green,, tech, and medical company manufacturing and seed some new small industries. globalization has pitted cheaper labor all around the world against the US worker and put the profits in the pockets of an elite class that then speculates with the money to garner yet more capital. its rather sick and dysfunctional if you ask me as the current great recession is revealing. somehow greed and narcissim has dominated the human agenda on earth without the moderating influence of good peoople policies. sad indeed. the american media is fear based. I have had friends who live overseas tell me that time and again our media is very fear driven.
October 5th, 2009 at 2:00 pm
obamacare and cap and trade will stimulate the economy, NOT!
October 5th, 2009 at 2:06 pm
the middle class is gone. post world war 2 usa had a middle class evolve where one income would provide comfortably for a family of 4-7. now it takes two professional incomes to really provide a similar lifestyle for a family of 3 or 4.-Brian
the middle class is NOT gone but it is dwindling. one income families are almost gone.
What happened ?
manufacturing left.
Why ? Cheaper labor.
October 5th, 2009 at 2:08 pm
Are America’s best days behind us ?
October 5th, 2009 at 2:09 pm
you could leave your doors unlocked and garages open.
i used to do that…