December 5th, 2008
09:35 AM ET
10 years ago

Obama on jobs report: Urgent response needed

Unemployment rose to 6.7 percent in November.

Unemployment rose to 6.7 percent in November.

(CNN) - President-elect Barack Obama released a statement Friday regarding the news employers cut more than 530,000 jobs in November:

"The 533,000 jobs lost last month, the worst job loss in 34 years, is more than a dramatic reflection of the growing economic crisis we face. Each of those lost jobs represents a personal crisis for a family somewhere in America. Our economy has already lost nearly 2 million jobs during this recession, which is why we need an Economic Recovery Plan that will save or create at least 2.5 million more jobs over two years while we act decisively to maintain the flows of credit on which so many American families and American businesses depend.

"There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better. But now is the time to respond with urgent resolve to put people back to work and get our economy moving again. At the same time, this painful crisis also provides us with an opportunity to transform our economy to improve the lives of ordinary people by rebuilding roads and modernizing schools for our children, investing in clean energy solutions to break our dependence on imported oil, and making an early down payment on the long-term reforms that will grow and strengthen our economy for all Americans for years to come," said President-elect Obama.

soundoff (112 Responses)
  1. President Obama/VA

    Our President-elect knows what he's talking about. There is no easy fix to this crisis. But as he said in the campaign, his primary focus will be the economy and JOBS, JOBS, JOBS.

    December 5, 2008 09:37 am at 9:37 am |
  2. Tim in VA

    "will save or create 2.5 million jobs"? What does that mean? He'll be happy and consider himself a success if at 2.5 million Americans still have jobs?!?! Not a very ambitious goal.

    December 5, 2008 09:40 am at 9:40 am |
  3. AdamW

    I have been unemployed for some time now and it is a horrible feeling. Getting a new job has never been more difficult. And the amount I get from unemployment is nothing. I am behind in my mortgage with no way of catching up. 200 bucks a week just isn't cutting it.

    Still the search continues. Meanwhile CEOS and all of these other crooks and idiots get bailed out with their millions.

    This country is mixed up.

    Let the auto companies and the banks fail. It's only right. Why should they be bailed out with my tax dollars? NO WAY!
    When something fails it is for a reason. Unless you are going to nationalize the companies the citizens bails should let them fail and allow someone creative with better ideas to rebuild from the ashes.

    This country is so pathetic now it rewards failure.

    December 5, 2008 09:41 am at 9:41 am |
  4. Scott Tucson

    Obama's not worried...he has a job, at least for the next 4 years.

    December 5, 2008 09:43 am at 9:43 am |
  5. Annette

    Until politicans are willing to place blame for the economic problems where they really lie – over 30 million illegal aliens draining this country. And the employers who do not contribute to tax bases due to hiring these illegals and mortgage companies who created creative home loans so that illegals could buy homes using tax ID numbers – NOTHING WILL CHANGE!!!! This country cannot continue to sustain this illegal population, they must be sent back to their countries of origin.

    December 5, 2008 09:44 am at 9:44 am |
  6. jerome

    Obama has renegaded on the windfall profit I hope he does not renegade on the promise to stop outsourcing. If the recovery occurs in India or China for the job market. IT WILL NOT TRICKLE DOWN TO U.S.

    December 5, 2008 09:46 am at 9:46 am |
  7. Jerry

    We could start the fix by getting rid of Chris Dodd and Barney Frank the master minds of the crisis. Obama has no clue ad will prove this shortly to all the demolibs that voted for him.

    December 5, 2008 09:46 am at 9:46 am |
  8. Pat

    We have been loosing jobs to overseas destinations for over 20 years. This is not new. When you can pay someone $12,000 and no benefits in a foreign nation to do the same work as a person making $75,000 (not including health care, social security taxes, etc) in the U.S, it is simple math why many jobs go elsewhere. The blame here goes to the greed of corporations and americans not trying to buy more things "made in america" – which is probably due to higher costs. Perhaps instead of AT&T laying off 14,000 jobs, they should have an across the board salary cut, starting with executives, then going down to even to the common worker bee. I'd rather see 40,000 jobs with a 4% cut in pay than 14,000 jobs totally lost.

    December 5, 2008 09:47 am at 9:47 am |
  9. Neal

    Socialism, which is America pulling itself up by its bootstraps.

    December 5, 2008 09:47 am at 9:47 am |
  10. no bailouts

    i believe in you president obama, i'm unable to work, and i have family that have lost their jobs. may God help us all.

    December 5, 2008 09:48 am at 9:48 am |
  11. Charles L. Shaw, Liverpool, NY

    Yes he is certainly good at stating what we all know, we know things are bad, everyone knows things are bad, IT IS A DEPRESSION!
    But he will not correct this, the governemnt can not control the market forces, we the taxpayers are being forced to pay bailout after bailout, my personnel responsibility in my income taxes so far is one million dollars to pay for all the bailouts, and there seems to be no end to it.
    The governemnt should stop increasing our debt and start radical cost cutting of services. When we are asking the auto workers to give up their retirement and salary packages, our governemnt still has to find a way to pay for social securty and medicade to the tune of 52 Trillion dollars that is not even measuered into the current national debt.
    Governments can not take care of this, the bailouts are wasting time and money. We were told that the bailout was about saving main street not wall street, well main street is paying for this, and the bailouts have done nothing for the working American.

    December 5, 2008 09:48 am at 9:48 am |
  12. Lynne

    It will be nice to have a president who deals with issues, rather than denying them.

    December 5, 2008 09:51 am at 9:51 am |
  13. jackie ohio

    I can't remember any President – Elect doing so much before he is actualy President. We have heard so much from him on the economic crises then the actual President. Gee whats wrong with this picture?

    December 5, 2008 09:51 am at 9:51 am |
  14. Tab Cocovillea

    No matter the state of an economy, socialism doesn't work, and it doesn't matter that it has become acceptable by both Republicans and Democrats

    December 5, 2008 09:51 am at 9:51 am |
  15. Wisdom

    I'm sure his tax plan will help... once he raises payroll tax, capital gains and income on most employers.... they will be excited about getting more employees... LOL...

    Good luck all... gonna be a long haul... I do find it funny that the largest rate of layoffs in half a century happen after his nomination and release of his tax plan... in what is usually a post election honey moon

    December 5, 2008 09:54 am at 9:54 am |
  16. yvonne

    if he is to clean up this mess by the last administration. then have the Big 3 create affordable hybrid cars insteady of the hummers and create the jobs people need here in the USA. Close the overseas factories, but these cars HAVE to be affordable! then Obama could be killing a part of two birds w/one stone. Energy and jobs. and the Big 3 won't have to come groveling infront of congress.

    December 5, 2008 09:55 am at 9:55 am |
  17. james

    Do you think the oil companies might be hopeing the recent sudden drop in oil prices might take our eyes "off the ball" and get to chaseing other issues rather than getting away from the growing dependancy on oil, in general ????

    December 5, 2008 09:56 am at 9:56 am |
  18. Linda, NC

    Now that President-elect Obama is on it... I know in my heart that he will help us find a way out of this issue.

    What a big relief to finally have a President-elect who understands the issues.

    If big business fall let them fall but let three be more people who come forward with small businesses and create more jobs and let there be more entrepreneurs. If we unite there is nothing that we can not overcome.

    America's brighter days are ahead.

    December 5, 2008 09:57 am at 9:57 am |
  19. Carl from MI

    I can't wait for Dubya to go on TV and tell us this isn't the fault of his Administration either.

    All these national disasters have happened on his watch, but you'd never know it was his fault if you watched his Charles Gibson interview.

    One more reason why his failed Administration will go down as the worst Presidential Administration in the history of our nation.

    Thank you, Republicans... for making a fraternity keg-man the leader of your party and voting him President twice!! Boy... you're party's leader has really done SO much to destroy our country!!!

    He also faked the funk on having his Crawford, TX ranch. It was all just a farce to create his 'cowboy' image. The truth comes out now... he's moving to Dallas after his term ends. You Republicans bought that whole 'cowboy' image thing hook, line, and sinker! What a JOKE!!

    December 5, 2008 09:59 am at 9:59 am |
  20. vkraman

    Unemployment is making a cancerous growth and it is time for all right thinking citizens to help each other and support our President-elect in whatever he does to improve the economy irrespective of our political affiiation. Nepolian Hill, the then Private Secretary of Franklin Russvelt, explained in his audio book how the masterminds including all newspapers and churches were brought together around the President during the tough time.

    December 5, 2008 09:59 am at 9:59 am |
  21. Let Us Unite

    Love him or Hate him.....we are all in this together!

    December 5, 2008 10:03 am at 10:03 am |
  22. Ohio for Obama- Suburbs

    President-Elect Obama, keep up the good work your every move is being watch by the swifts-and the ones who is still stuck in the 50,60,70,80 and 90's. I must say, for people who still have "Hate" in their heart should first Pray for forgiveness of self hate, because most likely it's a family generation curse. Anyways! Millions of family are depending on leadership from the New President.

    December 5, 2008 10:04 am at 10:04 am |
  23. 60 year old white female and proud supporter of PE Obama

    Scott Tucson: Do you feel qualified for PE Obama's future job?? If not, why not run?? If he was concerned about just a "job" he would be pulling in tons more money in the private sector and wouldn't be risking his life, and privacy to serve a country he obviously cares deeply about.

    Negativity will not do anything to allevaite the horrendous situation America is in.

    December 5, 2008 10:05 am at 10:05 am |
  24. Stacy from Loudoun County VA

    For too long, inner city schools have been ignored and have fallen behind the curve. We have demand to modernize schools and we have ample supplies of unemployed workers...let's get to work America. And for those in the GOP that ask, “Where’s the money?” There always seems to be cash on hand for corporate bailouts, wars, and pet military projects…but when it comes to schools and such, there’s never enough money. Stop the excuses and get to work America.

    December 5, 2008 10:05 am at 10:05 am |
  25. Nelson Colorado Springs Co

    Our new President Obama will be tested with more than any other in comming President. when President Obama takes over the United State is in a mess, nation debt is in trillions, over millions jobs loses, war in Iqad. Dont talk about all the billions spend in the bail out, now the automakers want a bail out. Company are laying people right at Christmas. Where is our great President Bush, can't wait to get out office.

    December 5, 2008 10:08 am at 10:08 am |
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