(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.
George Bush, the worst President the country has ever had.
Hoover thanks you.
Obama's not worried?
Really? It seems to me that the present administration are those who are not worried. They continued us on this disastrous path because their friends were doing just fine.
I know you right wingers don't get it, but this is not about having the "job", or showing off to your friends, or proving to Dad that you are just as smart as your brother Jeb-this is about making a difference. I can only imagine the demons that Obama sees when he goes to sleep at night. Yet, he shows the confidence that he can conquer them.
Obama knows what he is doing. Bill Richardson's job as head of the Commerce Dept. is going to be the most IMPORTANT department in Washington and that is why he gave it to Richardson and that is why he announced Richardson alone and NOT part of Security or Economy! Our most important new jobs, repairing communication with South America and producing NEW Green products will be up to Richardson. The man has a full plate. Thank you President Obama for putting Richardson in charge of Commerce!!! Jobs Jobs and more Jobs!!! God Bless the Obama team!
WELCOME TO MY WORLD... SATURN EMPLOYEE ABOUT TO LOSE JOB
There is no easy fix to the mess Bush and his cohorts got us into here............... The bleeding of jobs overseas is disgraceful. Sure Clinton started NAFTA hes quilty to but it seems very profitable companies outsourced or insourced alot of jobs but the CEOS still make huge salaries and bonuses............ Scott Tucson so what Obama has a job. Bush is leaving office without being arrested for being a traitor to America.....
The die was cast back in 1989 when politicians and economic pundits proclaimed the United States to be a consumer economy instead of a production economy.
A consumer economy is like a household where nobody has a job and everybody goes to the mall. It was insane from its inception, but now we have an entire generation of workers–and economic pundits–who have grown up with no other idea.
There is no way we can continue to export production jobs to China and remain a viable economy. Ask Ohio and Pennsylvania what happened when their industries moved to the South and Southwest.
He said it..."there are no quick or easy fixes to this problem".
I guess all that rhetorric during the campaing was hollow speak.
It boils down to this. What he says is true and to win an election, he lead us to believe that he was a solutions oriented person and would step up to the plate to resolve and solve.
Truth is, Obama knew just like all the others that the free ride is over...Congress has basically given us the shaft , allowed us to digress and now its pay back time.
So folks, line up for your daily loaf of bread...it's unemployment time in America. Hopefully we will have "do overs" and Congress will get it right this next time around and not allow such frivolous acts to perform again.
Uh, how can you create jobs when so many thousands were lost in November-historical election month for America???? Can't wait to see where all those jobs are coming from and who gets them over the next 4 years. Hurry up 1/20/12.....
These are pressing and unusual times. It will take UNUSUAL measures to fix this mess. My concern is AMERICAN ingenuity , creativeness, and work ethic. Folks under 55 have not been through times such as these. Many younger folks have capitalize on the merits and accomplishments of the Boomers and their predicessors. WE NEED FRESH AND INNOVATIVE YOUNG AMERICAN IDEALS that will make an imprint on the future of this nation. I fear that our Country has become computer clerks who have learned to exist on credit cards and monthly payments. The concept that you are adding innovation to the world by maintaining spread sheets and your computer skills is not working........anyone, regardless of langage barriers can do that !!! Henry Ford, Edison, Carnegie, Rockfeller, Gates, etc. were creaters and innovators.......not copy cats, complacent, or resting on the achievements of generations past. If the Industry Giants noted above had listened to MBA's and Accountants of today there never would have been and INDUSTRIAL REVOLUTION !!! In short, to make this Economy better we need to enlist our young folks to bring some HUGE Concepts to the table....NOT Dot-Com or Play Stations. These are REAL TIMES and the USA needs REAL THINKERS. The rest of us are getting old and you cannot count on our work ethic's or money much longer.
The fix is for government to stop trying to control the economy.
Thank God Obama in the Dems are in charge and going to fix the problem. If a McCain had been elected or any Repub for that matter do you think they would have even acknowledged a problem by now?
I am so tired of the stupid, stupid, stupid finger pointing as if the president elect and the incoming administration is the cause of the problems facing our nation. Hatred, bias and bigotry have as much as anything to do with the state of the union. Having that prejudiced religious right dictate the mindset to our country that if you don't look like me and think like me then your problems and concerns are not worth our time. I am an ex-republican and it makes me mad as heck to continue to see these ignorant, yes I said ignorant comments being displayed by people that have a child’s view of the big picture and cannot now think for themselves since Limbaugh and Hannity haven't given them their latest instructions on who they should hate. For years here in Texas I have had to endure the attitudes of the elite that steps over the homeless and hungry babies in this country and laughs at families that don't know where their kids next meal will come from and cannot even envision where they will be sleeping in 2009. I must stop here as I feel my pressure about to exceed healthy levels. BUT our future well being is not about this separation of people based on ANY criteria, but is based on the ability of all Americans to come together and find solutions, together, before it's too late.
THE UNEMPLOYMENT IS MUCH GREATER THAN REPORTED. WHEN WE ARE TOLD HOW MANY PEOPLE ARE OUT OF WORK IT IS BASED ON THE AMOUNT OF PEOPLE COLLECTING UNEMPLOYMENT. THE PROBLEM WITH THIS IS THAT AFTER UNEMPLOYED RUNS OUT YOU ARE OFF THE UNEMPLOYMENT BOOKS. I KNOW PEOPLE WHO LOST THEIR JOBS 5 & 6 YEARS AGO AND THEY STILL HAVEN'T FOUND ANYTHING BUT THEY ARE CONSIDERED EMPLOYED BECAUSE THEY ARE NO LONGER COLLECTING. THERE IS DEFINATELY AGE DISCRIMINATION NOT TO MENTION PEOPLE WHO HAD HIGH PROFILE POSITIONS WILL NOT BE CONSIDERED FOR LESSER OF A JOB THEY WILL SIMPLY BE TOLD THEY ARE OVER QUALIFIED
The unemployment figures do not include those whose unemployment have run out, so our jobless rate is much
higher than what is being reported.
There is so much that has to be done to get our country back to
what it once was and will take time, patience and additional
sacrifices. Thank goodness we do not have to depend on
those who have almost destroyed us these last eight years.
Now, if we can just get them to put country first and cooperate
in resolving these crisises, we may have a chance.
re: hearing on automotive bailout.
the execs of the 3 major companies are also holders of
millions of company shares. why not make it a condition, on the bailout ,that all shares held by all executives, be purchased by the
government at todays market values.
joseph, summerland bc
Can you imagine McCain as President Elect ???
with his 9 houses, and 15 autos ? lol
He wouldn't care about anyone but his rich wife, and Himself.
They have enough to live the rest of their lives, without doing
I can't believe some of these comments. Obama's not even the president yet and some of you already want to blame him. Bush isn't a lame duck...he's a dead duck. He created this mess were in. He can't wait to leave office.
I've got a wacky idea. How about instead of rewarding corporations for moving their operations overseas for cheaper labor and to qualify for insane stateside tax loopholes, the government actually penalizes them for doing so?
Every one's talking about Obama
What is are current president doing ? absolutely nothing how pathetic he is just waiting to get out of office while the mess he created continues to spin out of control
I hope he is happy in the new home he and his wife are purchasing while regular folks try to maintain just a decent life.
sad days!!! I believe Obama will does the best that he can because he actually cares :)
Everyone needs to relax and pray for our president. this mess was not created by obama. but the america people hired him to fix it!!!!
relax america and pray.
don't be stupid!!
pray fo the united states of america
deja vu all over again. Depression all over again. New Deal all over again. Now.
Henry Paulson,wheres the money?
Don't worry, Obama will turn water into jobs.
Didn't really have the energy to respond to the idiots today! Thanks for doing it for me!
WELL SAID !