Posts Tagged ‘saved

05
Jul
11

240 million jobs?!

Think Progress: … Rick Santorum continued his long-shot campaign this morning with an appearance on CNN. During the interview, Santorum attempted to criticize the Obama administration’s record on jobs, but inadvertently revealed his complete ignorance regarding the American labor force.

Last Friday, the administration’s Council of Economic Advisers released a report showing the effects of the 2009 Recovery Act, which to date has raised employment by between 2.4 and 3.6 million jobs. Santorum cited the report while trying to attack the administration.

However, he completely bungled it: Santorum said the Obama administration claimed to have created 280 million jobs last December, and is now claiming to have created 240 million jobs, thus proving that the Recovery Act somehow destroyed jobs…

….. The entire American civilian labor force is about 153 million people. There are currently 13.9 million people unemployed. If the Obama administration had created 240 to 280 million jobs, the unemployment crisis would have been solved several times over, and America would have so many jobs that it would need to start employing workers from all over the world just to fill all the available positions.

More here

Thanks Fred

05
Jun
11

“nothing to celebrate”?

Steve Benen: In 2009, with the American automotive industry on the verge of collapse, and with at least a million American jobs on the line, President Obama unveiled a rescue strategy. John Boehner, like the rest of his party, predicted the policy would fail miserably. Two years later, we now know Obama was right and Boehner and the GOP were wrong. It takes a mature and responsible adult to admit when he’s wrong. It takes a Republican leader to screw up the same fight twice:

…Speaker of the House John Boehner (R-OH) would rather have seen those jobs disappear … “The administration’s auto bailout is nothing to celebrate,” said Brendan Buck, a spokesman for House Speaker John Boehner, an Ohio Republican. “The model the White House should be touting is Ford, which, instead of relying on a taxpayer-funded bailout, saw trouble coming and made the tough decisions necessary to preserve jobs and weather the storm.

….President Obama: “Today, each of the Big Three automakers – Chrysler, GM, and Ford – is turning a profit for the first time since 2004. Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency – and it repaid that money six years ahead of schedule…. all three American automakers are now adding shifts and creating jobs at the strongest rate since the 1990s…. That’s remarkable when you think about where we were just a couple of years ago.”

If you have America’s best interests at heart, and you consider these developments “nothing to celebrate,” then maybe your celebratory standards are in need of revision….

Full post here

03
Jun
11

resurgence

See here

01
Jun
11

resurgence

White House: Two years ago, on June 1, 2009, General Motors filed for bankruptcy, backed by $30 billion in support from the federal government. The same day, in the same New York courthouse, a judge approved Chrysler’s plan to forge an alliance with Fiat and emerge from bankruptcy as a restructured business with an uncertain future.

Two years later the American auto industry is mounting a comeback.

In the year before GM and Chrysler filed for bankruptcy, the auto industry shed over 400,000 jobs.  Had President Obama failed to intervene, conservative estimates suggest that it would have cost at least an additional one million jobs and devastated vast parts of our nation’s industrial heartland.  Since GM and Chrysler Group emerged from bankruptcy in June 2009, the auto industry has added 115,000 jobs – the fastest pace of job growth in the auto industry since 1998.

More here




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