(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.
Obviously companies are speeding up layoff's this year with the intent of getting Obama's pledged $3000 tax cut next year for each re-hire. My company is no different, iwe are looking to save money in the lean times and get a tax cut to boot. It's called capitalization and just watch Decembers numbers skyrocket..., because increased layoffs to maximize next years tax cuts is now a good business model. What was Obama expecting from such a moronic campaign pledge!?
Apparently, Obama is still campaigning.
Yes, lets create JOBS, JOBS, and more JOBS. I'm all for that, because then we can get rid of WELFARE! Come on Americans! Get out there and EARN your keep!
what needs to happen is the big three need to wholesale all of those cars they are not selling and bring some income and bail themselves out
Many years in the making where has Obama been? When Clinton was Pres. the economy was booming, when Bush was in office the economy was booming so get off the blame game already.
Obama, we want change! How long is it going to take you to pull America out of this recession. I know you didn't start the recession but you are now the most powerful leader of the free world and it is now your job to turn this economy around and get America back to work.
Hey No Bailouts. How can you have a screen name like that if you want Obama to create jobs. What do you think is going to happen to the 2 million people that work for the Big 3 if they go under?
How will we ever find future opportunities if we do not investment in new ideas. Google has the 10 to the 100th contest looking to fund new ideas and recieved over 150,000 entries. Of this number, 100 will be selected, 20 will be voted on, and 5 or so will be funded. What about rest? Any idea that will create jobs and help our country needs to be seriously looked at and some of the bailout money need to be set aside to fund these ideas using the same design as Google and not the complicated process of the SBA.
While our government continue to use taxpayer dollars to help failing business, we must demand that some taxpayer money actually go to helping the taxpayer.
First off, the outsourcing of jobs must stop for any recovery to be successful, Secondly, we must encourage domestic job creation and for that I recommend creating more "Green Jobs" everything from energy efficient appliances to recycling. Third, the secret to recycling is to place value upon recyclables, ergo we need deposits placed on everything recyclable from cans, bottles, paper, metals, plastics, etc... and automatic sorters at all waste management sites reclaiming and selling recyclables and providing jobs. Fourth, we need to jump-start our environmentally friendly economic activities ensuring that both aspects are included in all actions. Recyclingand energy conservation is a very lucrative business avenue from new industries to garbage collection. Someone should do a story on Nantucket Island's recycling system for example.
You don't create jobs out of nowhere. Where are these new jobs going to come from? The government hiring more road workers and bridgemakers ala Great Depression? Not trying to be a downer, but we are losing jobs because there are more people buying less things, or none at all.
On his green jobs: We [and by that I mean the American public] need to make sure that whatever "green" job is created doesn't get shipped off somewhere else as many of our jobs have done so in the past 20 years.
Then give the loan to the auto companies!
I firmly believe if Oboma cannot get this country back on track no one will ever be able to do it. He has choose excellent people for his cabinet to help him get america on the right track. Thank God Mccain and Palin did not get in there. The republican party was a disgrace this year. If Palain is any where near the republican ticket 2012 I am switching from Republican to independent.
I trust Obama will do something to eventually fix our economy. Bush has set the bar sooo low, it's going to take a lot of work just to budge it. Thank goodness McCain and Palin didn't get elected into office – they wouldn't have done nothing for this country.
Sorry to the people who have lost their jobs – I know the struggle is tough, especially in this time during the holidays.
Our elected politicians better get their acts together soon . The economic state of this country is not good. It's getting scary for lots and lots of people. Under Bill Clinton, there were jobs aplenty and we were all prosperous. During the last 8 years, George Bush and the Republican party have ruined this country. Thats par for the course for Bush, every venture he's been involved in has gone south to the dogs.
Can we have the inauguration today? Pleeeeeease.
Note to rabid right wingers.....
You can't blame former President Clinton. (that only worked for the first SIX years of the current administration
You can't blame Reid and Pelosi (the recession officially began LESS THAN A YEAR after their congress began)
You can't blame Obama. THE MAN HAS NO POWER YET.
THIS IS TRICKLE DOWN ECONOMICS WHILE SHIPPING JOBS OVERSEAS COMING HOME TO ROOST. THIS IS REPUBLICAN ECONOMIC "MANTRA" COMING TO FRUITION. PERIOD.
AND YOU CAN NO LONGER FOOL US INTO BELIEVING OTHERWISE
Save or create 2.5 million jobs. Don't go out on a limb now Obama. How about create jobs, there is no way to tell if a job was "saved".
What a leader, change you can believe in.
Now , I think it is safe to say that the unjust war in Iraq pushed by bush and his friends is the reason for all this economic disaster .
We pray that God will shield President -elect Obama to pull us out of the gutter the republicans has dug us in.
So what happens when you offshore all the productive work once performed by a nation?
I guess that'll be a reason to keep an eye on current events.
It's all about jobs now, because the financial meltdown has started killing businesses.
More laissez-faire from McCain would have been an absolute disaster about now.
How about starting on the project to fill in the big holes left by the WTC towers? The Empire State Building and the WTC complex helped the last depression – this might put some relief on this one.
How about not continuing to spend $10 billion a month in an illegal war that never should have been started? What about selling off a government oxymoron: The George W Bush Library? What about creating more construction jobs by upgrading the road system in the country? How about creating jobs by replacing the aging and dangerous steam pipe system in NYC – it has already killed three in this decade, after all.
How about creating more lawn scaping jobs by installing sod on the roofs of large buildings in major cities – it would create jobs and cut down on energy consumption by providing a cooling effect. How about not giving convicts in federal prisons free cable tv and internet access – if they are there for murder or child molestation, I don't really care about their rights anymore.
How about creating more technology manufacturing jobs by updating the technology in the nation's schools?
Jobs can be created by upgrading this country where it is lacking – you can solve two problems with the same solution.
President-elect Obama has a huge mountain to climb! Bush has left our Nation ......bankrupt, fighting two wars, and with our reputation shattered.
There wont be easy answers, no easy solutions but Obama will need our prayers and support. Together America is great, divided we will fail.
We need to put people back to work, get the money flowing from the banks down to the people.
Our day of Reckoning is here, America, we have been living beyond our means using credit cards, using our home equity as play money and now its time to face the TRUTH...... we must change...... use money with respect, live within our means, save for the future and stop being so......greedy!
I believe the time has come for extending unemployment till June 30 and refi bad mortgages for 40 years. We have lost precious time by relying upon an inept government focused upon special interests instead of the nation as a whole.
OK... This news of the huge job losses really freaks me out, but he just has a way of making me feel calm. It really looks like he is taking a page out of FDR's book. I have faith that we will get through this!
thanks to the democrats housing mess–we are in a fix. Obama better be able to solve it–he made all kinds of promises to people who were dying to elect him. let's see if he can "walk the walk" .At least the repubs are giving him a chance.
Please G.W. Bush, resign and vacate the whitehouse so this man can bring America back.