0 votes

Obama and his 4 MILLION JOBS SAGA

(this guy is a complete joke, I'm still shocked that people still think his a miracle worker, first he said he would create 2.5 million new jobs than he though why not make it 3 million whose counting right, now he says the hell with it lets create 4 million new jobs, next week he will most likely say 10 millions new jobs at the rate his going, people need to remember there was almost 3 million jobs lost in 2008 so if by a (banana split ice cream chance) his plan creates at list 3 million new jobs, we will just recoup what we lost, not to mention government can't create jobs it can only take resources from the private sector.)


President-elect Barack Obama said Saturday an analysis of his stimulus proposals shows that between 3 million and 4 million U.S. jobs could be saved or created by 2010, nearly 90 percent of them in the private sector.

Photo By: The Obama-Biden Transition Project

The analysis of Obama's estimated $800 billion plan to lift the country out of a year-long recession was submitted by the chair of his council of economic advisers, Christina Romer, and by Vice President-elect Joe Biden's chief economic adviser, Jared Bernstein.

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

The Coming End of the Foreign Investment Bubble

(July 2006)
"If you understand the dynamics of events that are likely to collapse the foreign net acquisition of US financial assets bubble and when, you are on your way to understanding the fate of all of the secondary bubbles that it has spawned and the result: a major inflationary recession."
(Much Info Between The Two Snipets)
"As of mid-March 2006 when I restarted iTulip.com, I ask myself a similar but revised question: If net foreign acquisition of US financial assets has grown from 50% to 80% of issuance over the past several years, and this growth is largely responsible for funding US trade and fiscal deficits, as well as consumer spending that represents 70% of the US economy and housing that has created more than 43% of all private sector employment since 2001, what is the chance that this will continue to increase from 80% toward 100% versus level off or even decrease, given the eight conditions that exist today that make a "Poom" type event more likely?"

I wonder WHO will be getting these

"newly created jobs"??? American citizens or illegal aliens???

Obama will spend trillions

Obama will spend trillions upon trillion and buy up resources from around the world to build stuff here in america! and guess what? it will probably work because our GLOBAL army with a stick behind the back will stomp the crap out of a country and set up a false flag attack on a country if they do not go buy our fake money game rules! just like we did to Sadam in Iraq

its really sad how we are now thought of as bullies around the world who just go around stealing everybody's lunch money

Who's going to finance it?

Obama You Need To Fire Everyone..... involved in producing your "American Recovery and Reinvestment Plan".
http://market-ticker.denninger.net/archives/2009/01.html by Karl Denninger

Why? In "Appendix 1"

" We considered multipliers for the case where the federal funds rate remains constant, rather than the usual case where the Federal Reserve raises the funds rate in response to fiscal expansion, on the grounds that the funds rate is likely to be at or near its lower bound of zero for the foreseeable future."

Please tell me this is a joke. Obama really believes that The Fed can hold interest rates at zero for four years and they can spend without bound, while the bond market will blithely look on at $1-2 trillion deficits annually and the economy will begin to recover?.......
If he is unsuccessful in convincing people to lend the government money at zero interest so it can expand the federal debt by 70% in one year (the $7 trillion already committed) and an additional 10-20% annually for the foreseeable future thereafter, the plan fails and worse, the money that could be spent on direct assistance to Americans for food, shelter and clothing (as I have repeatedly urged be held back for this exact purpose) is gone. This plan is asinine in that if it "works" the flight out of Treasury debt that occurs with a recovering economy will guarantee rising rates (and thus torpedo the budget and government through radically increased borrowing costs) while if it fails we will have spent the money that is going to be necessary for that direct assistance to Americans.

I've seen stupid come out of our government before, but this takes the cake; it is, in fact, a "can't win" proposal.

Everyone with their fingers in this needs to be fired and some adults (who actually look at history, along with the math) must be admitted to the room to have a rational discussion on the choices we have as Americans, the paths we can take forward, and their consequences. "Can't Win" scenarios must not be considered or enacted.

SteveMT's picture

Obama advisers say plan would create 3.5m jobs

Saturday January 10, 1:30 pm ET
By Philip Elliott, Associated Press Writer
Obama advisers estimate recovery plan would create 3.5 million new jobs over next 2 years

WASHINGTON (AP) -- Facing growing criticism of his $775 billion economic plan, President-elect Barack Obama on Saturday released an analysis by his advisers that estimates his tax cuts and new spending would create 3.5 million jobs over the next two years.

If Congress fails to enact a big economic recovery plan, Obama's advisers estimated that an additional 3 million to 4 million jobs will disappear before the recession ends. Obama's team also noted that with or without the plan, the jobless rate by 2014 would be the same.

It's not too late to change course -- but only if we take immediate and dramatic action," Obama said. "Our first job is to put people back to work and get our economy working again.."



these 3 million new jobs will be in the army police and Blackwater LOL


LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Don't laugh?

This is what he has said, a new civilian security force larger and better funded than the military.
Was it Jimmy Buffet who wrote 'if I couldn't laugh, I would just go insane'?
So go ahead and laugh.

reedr3v's picture



Perhaps you mean, Obama and his NAFTA Highway job program.

Pyramids will be built,
the locust will devastate the lands.
With the 75 year leases,
The Pharoes have it in their hands.

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”