Obama: Hey, we’re going to keep losing jobs
posted at 4:30 pm on July 14, 2009 by Allahpundit
No worries. It’s only because unemployment lags behind recovery or “stabilization” or whatever sunny euphemism he’s using now to spin the nightmare. It’s probably just a quirk of my online reading habits but I’ve stumbled across more pessimism about the economy today than I’ve seen since the stimulus passed in February, which makes me wonder if public confidence in The One’s blueprint is starting to deteriorate in earnest. Start with Mort Zuckerman’s harrowing op-ed about how things are much worse than they seem, with the possibility of sustained unemployment at 11 percent ahead. Then read Politico’s description of the “widespread disdain” it found when it surveyed economists from across the spectrum about Obama’s growth projections. Proceed to Time magazine, normally a reliable cheering section for Barry O, where the stimulus is now being pronounced an early failure. And cap it off with new poll numbers from Gallup showing a six-point downward swing on whether the economy’s getting better in just one month. The good news for Obama is that the early rosy projections will be forgiven once things really do start to turn around. The bad news is that blowing $787 billion on a non-fix won’t be.
Incidentally, if you’re wondering where leftist spin is headed next, look no further than Robert Reich. Turns out we can’t blame Obama for failing to kickstart a recovery — because the economy will never recover.
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Change….for the worse.
right2bright on July 14, 2009 at 4:32 PM
Can Obama, Biden, Pelosi and Reid lose their jobs?
Because ironically, that’s when the recovery starts.
NoDonkey on July 14, 2009 at 4:33 PM
Hello, Mr. Inflation. Great to see ya again!
SouthernGent on July 14, 2009 at 4:33 PM
I would love to see Barry lose his job.
Vashta.Nerada on July 14, 2009 at 4:33 PM
Anybody remember the super, double-extra, high-water-mark of 8.8%?
GUAR-AN-TEED!
Therefore… I don’t believe any number greater than 8.8%.
mankai on July 14, 2009 at 4:33 PM
Affirmative Action Works!
LimeyGeek on July 14, 2009 at 4:33 PM
militia’s my friend.
upinak on July 14, 2009 at 4:34 PM
By the time things turn around, Barry will be lying on a dirty mattress in a crack house somewhere in Chicago.
Vashta.Nerada on July 14, 2009 at 4:35 PM
Bingo.
bluelightbrigade on July 14, 2009 at 4:35 PM
The recovery starts when Ogabe, Pelosi, and Reid lose their jobs.
PimFortuynsGhost on July 14, 2009 at 4:35 PM
Of course, creating or saving jobs means losing them, first. Just like global warming necessitates record lows, first.
All of the bases are covered.
We have only to believe in Obama.
OhEssYouCowboys on July 14, 2009 at 4:36 PM
Uh. Planning the economy in 2-year plans is tough. Uh. Let’s tax the rich!
clorensen on July 14, 2009 at 4:36 PM
Huh, not one mention in the article about how to PUT more money back in the pocket of consumers.
And what the hell does “rising carbon in the atmosphere” have to do with an article about a bad economy?
catmman on July 14, 2009 at 4:36 PM
I believe it’s deliberate.
If so, then Obama is going to try to use the crisis he creates to transform the USA in to a full-blown radical socialist country, and keep heading for “global governance.” He may even use the crisis to adopt a new global currency.
If not, then I’ll breathe a big sigh of relieve that he’s just incompetent, angry and/or insane.
Daggett on July 14, 2009 at 4:36 PM
Uh. He misses TOTUS, too. Man, he is a great speaker and an intellectual giant.
clorensen on July 14, 2009 at 4:37 PM
So if the recession “stabilizes”, and we still don’t have any job growth – that was all according to plan?
catmman on July 14, 2009 at 4:37 PM
From the Robert Reich link:
Well lets see Robert what could your dear leader do so that consumers will have a little more money in their pockets? How about a TAX CUT?
Brat on July 14, 2009 at 4:37 PM
13% is a possibility. BTW, the way the government measures unemployment is kind of suspect anyway, the real effects could reach that of 20% unemployment. It’s going to get worse first. This fall we’ll see a 2nd significant drop in the market. Does Obama really think he can disprove the laws of economics? We have to undergo a complete realignment before we can improve, the administration is making it worse. We’re about to face a lost decade similar to what Japan experienced. We won’t see real growth for some time.
golfballs03 on July 14, 2009 at 4:38 PM
Yes, it is wonderous to see how much Obama has accomplished in only 6 months.
How long did Nero take to destory everything, this might be some sort of record?
NoDonkey on July 14, 2009 at 4:38 PM
From the link:
That really made me lol.
Dash on July 14, 2009 at 4:38 PM
I partly agree with Reich: we may never recover. But I disagree with him about inevitability–Obama has done nothing and contemplates doing nothing to improve the situation.
What happens when his lower-class supporters realize that his promises of a chicken in every pot are going to materialize?
BuckeyeSam on July 14, 2009 at 4:39 PM
Mr. Reich: Problem is, why take the considerable and increasing risks to hire folks when the House leadership and administration want to confiscate any benefits to the risk taker?
clorensen on July 14, 2009 at 4:39 PM
Hey, he has Congress on his side… he figures he can repeal those laws and replace them with ones that work with the command-economy he has in mind.
teke184 on July 14, 2009 at 4:40 PM
What a “gloomy Gus”! Why, just yesterday I was watching a program on how another Brilliant Leader handled two problems with the same project. Comrade Stalin employed hundreds of thousands of his worshipers building an 80 mile shipping canal, complete with locks to cross a mountain range. STALIN! Now THERE was a leader who knew how to deal with unemployment! And I’ll bet Barack Hussein Obama is a secret admirer of the man FDR called, “Uncle Joe”.
oldleprechaun on July 14, 2009 at 4:40 PM
But it’s Booshes Fault!!! /sarc
Hah!
Your Broke it, You bought it, bub!
Chainsaw56 on July 14, 2009 at 4:41 PM
We can’t blame Obama for the bad economy, that was Bush’s fault.
We can’t blame Obama if the recovery NEVER recovers.
I’m sure Obama would take zero credit of the economy does recover…
catmman on July 14, 2009 at 4:41 PM
There must be some way to keep you Republicans from looking behind the curtain and shouting “LOOK!”.
Someone get DHS on this pronto……
Limerick on July 14, 2009 at 4:41 PM
I used to have three rainbow colored unicorns but I sold them to a hobbit. No really, I did!
Can’t prove I didn’t.
I win.
fogw on July 14, 2009 at 4:42 PM
All this time I apparently misunderstood the definition of worshippers.
Sarc understood.
Vashta.Nerada on July 14, 2009 at 4:42 PM
Why? We are terrorist.. remember.
upinak on July 14, 2009 at 4:42 PM
Hyper-stagflation, here we come. People aren’t going to know what hit them, because this will be something the world has never seen. The ’70′s will be child’s play compared to the financial ruin headed our way.
progressoverpeace on July 14, 2009 at 4:43 PM
Attention Mrs. Clinton. This would be your opening. Go for it.
TheUnrepentantGeek on July 14, 2009 at 4:44 PM
He did folks. I know, I bought them from the hobbit and striped them for jerky.
Limerick on July 14, 2009 at 4:44 PM
Wishful thinking, Vashta.
VibrioCocci on July 14, 2009 at 4:44 PM
We have never never recovered. There is no coherent reasoning to believe this time is any different. Take cheer!
LimeyGeek on July 14, 2009 at 4:44 PM
Here goes pessimist Allahpundit, trashing the economy again. Do you realize how many jobs The One has “saved”!? Give the guy credit for all of those!!!
/sarc
RightWinged on July 14, 2009 at 4:44 PM
Obama doesn’t want it to recover. He abhors capitalism and is doing everything he can get away with to undermine it.
ProfessorMiao on July 14, 2009 at 4:46 PM
Employment isn’t a lagging indicator. It’s not the first to show a change but the 2nd — The number to watch is work hours per week which now stands at about 32. Employers will start adding work hours before they add new employees which follows shortly behind. It’s far easier to add hours than to hire people. So track non-farm payrolls, which are now shrinking.
As with stuff like the recession began in 2007, which it did not according to official government figures it started Q3-2008, liberals like to say unemployment is a lagging indicator it is not.
Capital investment would be a lagging indicator. The growth in the job market is overwhelmed by things like those unemployed that sit on the side lines until conditions improve, then join the numbers when they think things are getting better. The way the job accounting works, the current numbers don’t include such major factors as these. The real unemployment now stands at about 15.7% according to the BLS. By the jiggered accounting today the BLS raised the number to 9.7%. If you used the 15.7% number it would.
tarpon on July 14, 2009 at 4:46 PM
2 + 2 = 5.
OhEssYouCowboys on July 14, 2009 at 4:46 PM
The way the Democrats measure success is by the amount of people they can sign up for “gov’t assistance”. Well, I think that they will be pretty “successful”….Don’t you?
CynicalOptimist on July 14, 2009 at 4:46 PM
He has to keep going till the unemployment numbers are unprecedented. This is a historic presidency you know.
Rocks on July 14, 2009 at 4:46 PM
OT: Funny video of Obama being snubbed multiple times in receiving line (youtube video).
WashJeff on July 14, 2009 at 4:46 PM
So uh… what about that Stimulus chart he said represented the truth of what would happen if we didn’t pass HIS stimulus bill RIGHT NOW!
Skywise on July 14, 2009 at 4:46 PM
Fixed.
teke184 on July 14, 2009 at 4:47 PM
None of this is by accident. Obama and his buddies knew exactly what they were doing, and if we don’t stop them, we’re going to be living in a worker’s paradise, paying through the nose for our energy and dying young from Nationalized non-healthcare.
Somebody cheer me up. I’m a baby boomer and I’m watching the healthcare steamroller rushing toward me, crushing everything in its path. I’m scared for my kids and their kids. And I’m scared for my husband and me. I didn’t expect to live my last years terrified of my own government.
hachiban on July 14, 2009 at 4:48 PM
Wouldn’t hurt if Emmanuel, Frank and Assrod lost their jobs as well.
NoDonkey on July 14, 2009 at 4:48 PM
AP you forgot the good news.
Obama – Yeah. Those jobs that are gone. They ain’t comin’ back.
Obama – Hey. How about I nationalize your mortgage and make sure you never own property?
lorien1973 on July 14, 2009 at 4:48 PM
Even worse, NO HOPE !
stenwin77 on July 14, 2009 at 4:48 PM
What has he said repeatably? Every time he speaks he says something different.
Just eat your waffles dude.
Guardian on July 14, 2009 at 4:48 PM
OMG. That needs to be a thread all to itself.
Obambi looks a little miffed. LOL.
fogw on July 14, 2009 at 4:49 PM
The Precedent already explained that. Congress passed the Porkulus 23 minutes too late. Otherwise, we would have recovered by now, but they screwed it up.
progressoverpeace on July 14, 2009 at 4:50 PM
At his first press conference as President, Obama said that he should be judged first and foremost on jobs. So, from that perspective the stimulus was a complete failure.
Also, what is all this nonsense that the economy turned out to be worse than they thought? Does nobody else remember the fearmongering?
Remember, it was going to be a “catastrophe” if government didn’t do something. It was the worst economic downturn since the Great Depression. We didn’t even have time to let Congress read the bill, it was so urgent that they had to act right away. They knew how bad it was and if they didn’t then they were lying to us then.
JohnInCA on July 14, 2009 at 4:50 PM
The Dem’s new plan: make everyone equally poor! If we’re poorer than the terrorists, they won’t hate us!
Rightwingguy on July 14, 2009 at 4:51 PM
New plan? That’s always been the plan.
lorien1973 on July 14, 2009 at 4:52 PM
Paying rent to the U.S. Government isn’t my idea of Freedom!
upinak on July 14, 2009 at 4:52 PM
I don’t think we have seen that video here on HotAir…it is hilarious. I will send to tips.
WashJeff on July 14, 2009 at 4:52 PM
Where’s the birth certificate?
Ghoul aid on July 14, 2009 at 4:52 PM
D’oh! Silly me. You’re right.
Rightwingguy on July 14, 2009 at 4:53 PM
Thats why Obama is considering it.
lorien1973 on July 14, 2009 at 4:53 PM
Allah pray tell where you are reading that the economy is going to “recover”…especially with Obama at the helm…
http://market-ticker.denninger.net/archives/1212-Morning-Madness-Economic-Fundamentals.html
elduende on July 14, 2009 at 4:53 PM
Government policies don’t create or reduce jobs. Policies create incentives/disincentives for others to create or reduce jobs. Obama’s policies do not incent (if that’s a word) job creation by others.
clorensen on July 14, 2009 at 4:53 PM
Dude! That’s crazy! Not a peep from the MSM about how Russia snubbed him either. The last guy in line looked like he was laughing at Obama.
Guardian on July 14, 2009 at 4:54 PM
Imagine what would happen if the MSM weren’t whoring themselves out to the White House and were actually reporting fairly and honestly about all of these disasters.
Bishop on July 14, 2009 at 4:54 PM
FTFY, again
LimeyGeek on July 14, 2009 at 4:54 PM
So much racism here, I don’t know where to begin.
lorien1973 on July 14, 2009 at 4:54 PM
I wonder if I should ask Sean Parnell to break away now?
upinak on July 14, 2009 at 4:55 PM
FTFM
LimeyGeek on July 14, 2009 at 4:55 PM
Hope and Change is turning out to be not as much fun as people promised it would be.
myrenovations on July 14, 2009 at 4:55 PM
Oh yes obama your bail-out saved michigan… LOL when was the last time you have been here. Both my aunt and uncle were laied off within a month of each other. One working for a non-profit and the other working for a marketing firm where GM was their big client.
So how did your recovery plan save them? Oh right it didn’t they still don’t have steady work. One is working as a contractor for a different company and the other is fun-employed still.
Oh yea… I also have two neighbors who are scrounging around for anything they can get. One laid off from the county and the other finds any job she can get to help feed her family.
nobleclem on July 14, 2009 at 4:55 PM
It’s because stimulus funding lags behind stimulux voting, and because shovels lag behind shovel-ready projects that haven’t been designed yet, and because Obama’s brain lags behind Obama’s words in the TOTUS.
When there’s enough unemployment and rioting in the streets, Obama will declare martial law and hire the unemployed as riot-control police, and create 5 million jobs in one swell foop. Magic!
Steve Z on July 14, 2009 at 4:56 PM
Agreed, I’m thinking a ban is in order.
Bishop on July 14, 2009 at 4:56 PM
Sorry, I meant empathy. I will not make that mistake again.
clorensen on July 14, 2009 at 4:56 PM
The proper term is incentivize. The rest of your post is quite correct.
Brat on July 14, 2009 at 4:57 PM
I am so excited to have another opportunity to pay for other people’s houses. Can someone please pay my fricken’ property taxes?????
WashJeff on July 14, 2009 at 4:57 PM
You’d better hurry up, because The Precedent has plans to sell Alaska back to Russia as part of Stimulus II. He’s going to throw in Wyoming, too, just to get rid of Cheney.
progressoverpeace on July 14, 2009 at 4:58 PM
PM
Harsh. But I enjoyed it.
anniekc on July 14, 2009 at 4:58 PM
I am going to become a squater living on Federal Land, make a small cabin and live off the land… because I can’t own a home and the federal gubmint won’t let me own my home.
upinak on July 14, 2009 at 4:58 PM
Anyone notice that Obama isn’t even pushing some bogus temporary make-work project so he can point to something that created real non-bureaucrat jobs? He has outsourced the whole deal. I wonder if he even bothers to give any input.
Daggett on July 14, 2009 at 4:59 PM
How do you say… U.S.’s loss, Russia’s gain?
Oh Hail Putin!
upinak on July 14, 2009 at 4:59 PM
With nationalized health care, there should be an uptick in grave digging.
CMonster on July 14, 2009 at 5:00 PM
Just read a few of the comments on youtube. Apparently Obama was introducing his entourage to the Ruskies.
It made my day anyway, thanks Jeff.
fogw on July 14, 2009 at 5:00 PM
The banks are loaning money?
Who’s he think he’s fooling?
elderberry on July 14, 2009 at 5:00 PM
Snubbed four times, no less! I’m with fogw, that needs to be a thread all to itself!
txsurveyor on July 14, 2009 at 5:01 PM
I guess it could be worse if you live in Michigan:
“Sadly, we’ve seen estimates, because of the radical restructuring that the auto task force demanded, that this year, Michigan wind up over 20 percent unemployment,” Rep. Thaddeus McCotter (R-Mich.) said during an appearance on a conservative news radio program.
VibrioCocci on July 14, 2009 at 5:01 PM
That must be what the Dems mean when they say the economy is suffering because they haven’t passed their Obamacare yet.
Daggett on July 14, 2009 at 5:01 PM
You mean an Historic and Epic Failure
Chainsaw56 on July 14, 2009 at 5:01 PM
Obama Look, we’re going to, uh, keep losing jobs as a result of the failed policies of George W. Bush. And you’ll be able to, uh, spot my policies, uh, when the unemployment numbers start to go down. And if they go back up, it’s because of, uh, latent influence of the misguided Bush economic, uh, policies. When they go back down, it’s due to the Democrat stimulus package.
PressSo, what about the new deficit that has topped 1 trillion dollars?
Obama Look, uh, uh, that deficit was, uh, the direct result of Bush economic policy. When the, uh, deficit, uh, comes back down to more, uh, manageable numbers, that will be from my leadership.
PressBut didn’t you create the huge deficit and claim the stimulus would lower jobs?
Obama I think we’ve heard enough from Fox news. You’ve had your question. Yes, MS-NBC?
Do you ever look in the mirror and ask your advisors if you look as awesome as you think you do? Because you’re dreamy!
Nethicus on July 14, 2009 at 5:02 PM
Pretty much. Ogabe got his mindless drones in Congress to push the bills through and then washed his hands of the entire mess. He wasn’t about to get involved with the details of the whole mess because (1) he wouldn’t have a clue how and (2) because it would interfere with his never-ending “Look At Me” campaign.
Bishop on July 14, 2009 at 5:02 PM
The outpouring of empathy from progressives due to your new [voluntary, but they don't know that] situation will be overwhelming.
WashJeff on July 14, 2009 at 5:03 PM
“swell foop” lol
LimeyGeek on July 14, 2009 at 5:03 PM
The comments at TPM are terrifying. These people … some of them vote.
TheUnrepentantGeek on July 14, 2009 at 5:04 PM
I have sent it to tips, see if AP of Ed gets it. I wouldn’t mind a caption type thread…what is Obama thinking as he goes through the line.
WashJeff on July 14, 2009 at 5:04 PM
I saw that yesterday at Gateway Pundit. Can’t understand why it’s not on every blog. It definitely needs a wider circulation. I sent it to Ace, maybe he’ll put it up.
califcon on July 14, 2009 at 5:05 PM
Maybe while ocommie is in Michigan, he can visit Detroit, where they are now trapping, skinning and selling raccoon hides for money – ahhhhh, bizarro Utopia awaits – and it’s going viral.
Ris4victory on July 14, 2009 at 5:05 PM
I’m sure with Stimulus 2 Electric Bugaloo Obama will hire all the people currently unemployed to stop emitting carbon or some such.
Problem solved.
18-1 on July 14, 2009 at 5:05 PM
You either have to Laugh or You’ll cry.
It’s always fun to ridicule the idiot Leftists, it doesn’t help, but it’s fun anyways.
I also have to agree with your sentiments.
Chainsaw56 on July 14, 2009 at 5:07 PM
Ten percent unemployment and ten percent home owners upside down in their homes, why is it that the ninety percent seem to have no impact?
Cindy Munford on July 14, 2009 at 5:07 PM
There was some other snub video about two months ago with just a single snub, this video is far funnier. I had to go to the conservative Illinois news blog (illinoisreview.com) to see it first.
WashJeff on July 14, 2009 at 5:08 PM
Yours is one of them, pal!
Blake on July 14, 2009 at 5:08 PM
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