U.S. President Obama is stressing job creation by the public and private sector as the way out of the current economic recession-turned depression.
U.S. President Obama
In a public address given this past weekend, the President stated, the United States is willing to trade with anyone. Does “anyone” as we know the term to mean, include Cuba and Iran?
In other news, Obama's job numbers are still being scrutinized by the press and economists as inaccurate and costly to the taxpayers. The housing and job markets are still very bad, as is the deficit and budget.
Obama: Private, public sectors must create jobs
President Barack Obama said Monday the public and private sectors must find more ways to create jobs to continue the nation's climb out of an economic recession...
The president said job losses would continue for weeks and months to come and called for bold, innovative action by his administration, Congress and the private sector to create more good-paying jobs.
He also said the U.S. must break out of a "debilitating gridlock on trade policy," by ending the false choice between a wide-open, free wheeling import policy or fearful, protectionist approach to trade. He called for a more balanced policy of letting the world know America wants to compete and trade — fairly — with anyone. He gave no specifics...
We've got a long way to go. We are still seeing production levels that are significantly below peak levels and most distressing is the fact that job growth continues to lag.
Obama tempers economic news with caution on jobs
WASHINGTON — ...The good news of the week: The economy is on the rise for the first time in more than a year. Fro m July through September the economy grew by 3.5 percent, the strongest uptick in two years. Obama called the development no cause for celebration, but a welcome sign after so many months of distressing news.
"While we have a long way to go before we return to prosperity, and there will undoubtedly be ups and downs along the road, it's also true that we've come a long way," Obama said in his weekly radio and Internet address. "It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression."
Yet the economic indicator that matters most to the majority of families — stable, solid employment — is still lagging.
Unemployment hit a 26-year high of 9.8 percent in September, and the October report due in the coming week could show it topping 10 percent.
"Economic growth is no substitute for job growth," Obama said. "And we will likely see further job losses in the coming days, a fact that is both troubling for our economy and heartbreaking for the men and women who suddenly find themselves out of work. But we will not create the jobs we need unless the economy is growing."
He added, "Positive news today does not mean there won't be difficult days ahead."...
Dollar Homes Lack Buyers
Sat, Oct 31, 2009 - The housing market is so bad you can't even give away homes these days. Officials in suburban Barrington put three homes up for a sale at just a dollar a piece - a dollar! - and didn't get a single bidder...
