July 2nd, 2010
10:02 AM ET
8 years ago

Obama stresses growth in private sector

 President Obama speaks about the monthly employment numbers flanked by Treasury Secretary Tim Geithner, Commerce Gary Locke, and Agriculture Tom Vilsack at Andrews Air Force Base.

President Obama speaks about the monthly employment numbers flanked by Treasury Secretary Tim Geithner, Commerce Gary Locke, and Agriculture Tom Vilsack at Andrews Air Force Base.

Washington (CNN)
- President Barack Obama reacted Friday morning to the June jobs report:

"This morning we received the June employment report. It reflected the planned phase-out of 225-thousand temporary census jobs. But it also showed the sixth straight month of job growth in the private sector. All told, our economy has created nearly 600-thousand private sector jobs this year," he said.

"That's a stark turn around from the first 6 months of last year, when we lost 3.7 million jobs at the height of the recession. Make no mistake, we are headed in the right direction, but as I was reminded on a trip to Racine, Wisconsin earlier this week, we're not headed there fast enough for a lot of Americans. We're not headed there fast enough for me either. The recession dug us a hole of about 8 million jobs deep and we continue to fight headwinds from volatile global markets. So we still have a great deal of work to do to repair the economy and get the American people back to work," Obama added.

Filed under: Jobs • President Obama
soundoff (40 Responses)
  1. Slider


    Which growth? Government? Private?


    July 2, 2010 10:59 am at 10:59 am |
  2. Ron

    Let me see if I get this straight....Under Obama we LOST over 4 million jobs and he is happy to get 600,000 of them back? That's progress? Even Joe Biden said last week that these jobs mya NEVER come back. That's success? No, that is an obvious FAILURE!!

    So, how is that whole "Hopey-Changey" thing working out for you now?

    July 2, 2010 11:00 am at 11:00 am |
  3. Greg Pottstown PA

    he said it in this article. The stimulus has only created 600,000 jobs in the private sector. Those are the only jobs that help the economy so those are the only jobs that count. Public sector jobs wile they put people to work do not help the economy grow. They hamper the growth of the private sector placing a larger burden on small businesses.

    July 2, 2010 11:04 am at 11:04 am |
  4. Had Enough

    Just more spin control. They try to convince the people that things are going the right direction but fail to include how many people are no longer counted because they have given up looking or their unemployment benefits have run out. This president is totally clueless how to get an economy moving.

    Bush was bad but this guy is just talk. All hail President Yada Yada!

    July 2, 2010 11:10 am at 11:10 am |
  5. Tony 140

    Please government "get out of the way". If you are bent on spending to get us out of this, give the money back to the people and the fastest way to do that is by reducing how much is held out of each person's check – federal income tax and social security. This is the only way to create "DEMAND" and increased "DEMAND" causes businesses to hire – not pork. Then cut taxes on businesses so they can afford to hire when the demand kicks in. I guarantee that if you gave people a good chunk of money back in each of their paychecks, they would use that money to 1) pay off debt with a 1/3, 2) save 1/3 and 1/3. Isn't this what will get us back on track. Plus it is more lasting than the so-called stimulus gimmicks we've had this past year.

    July 2, 2010 11:14 am at 11:14 am |
  6. Dale

    Make no mistake Mr. Obama – American voters are holding you and this administration accountable. Not George Bush. Blaming game is over. Time has come for you to live up to your promises and quit worrying about illegals right and trying to rewrote our constitution.

    July 2, 2010 11:22 am at 11:22 am |
  7. Allen in Hartwell GA

    I find it amazing that Republicans, who were totally in charge of the country from 2001 until 2007, still think that we don't know why the country and economy is in the shape it is in today.
    If you fire a gun and hand it to someone else, you are still responsible for the damage done by the bullet.

    July 2, 2010 11:22 am at 11:22 am |

    Then why is Obama doing EVERYTHING in his power to encumber the private sector generally, and destroy or take over those parts which are successful and profitable??

    His comments are election year gobbledy-gook intended to win votes; his actions demonstrate tha he does not believe this rhetoric in the least.

    July 2, 2010 11:24 am at 11:24 am |
  9. Right Leaning Independent

    Obama, the anti business President will never get major job creation by the private sector!!

    July 2, 2010 11:27 am at 11:27 am |
  10. Sarah, the baby seal basher

    As the first Bush stated,"its a New World Order baby",get used to it,but the teabaggers werent crying foul then,they waited till a Democrat was at the steering wheel to cry and complain about the Global Capitalists that run every country with their cash.

    July 2, 2010 11:30 am at 11:30 am |
  11. Willy Brown

    Barry you have never operated anything so let the adults handle it.

    July 2, 2010 11:46 am at 11:46 am |
  12. Bill

    Regardless of your political leanings, we all have to come to a time where we simply say as a human being with a moral compass I realize when someones actions consistantly clash with there words.

    Call it whatever you want, get as upset as you want about it, trivialise it away by saying all politicians do it, but we have to become increasingly worried when someones actions consistanly clash with their words.

    Before you pounce, please read what Jeff Immult (A huge Obama supporter) has to say.

    I paraphrase but he said "Obama has set an awful dynamic in the country where Business and Govt are at odds, and as long as Govt and entrepunerial spirit are not in synch, there is no hope for private sector growth."

    My town is filled with smart, good people who call themselves democrats that know this. I am not asking them to become Republicans, just to accept fiscally his policies have failed and make no sense. The president believes in his heart that business, profit, and growth are a path to "unfair distibution" rather than the only way to get us back as a economic leader.

    If he wont change then the only hope is to counter balance with a congress that may.

    July 2, 2010 11:47 am at 11:47 am |
  13. Four and The Door

    We can see this administration knows how to create government jobs. The real test is can they ever figure out how to help create private jobs. Will they be able to do the tough things necessary to create an environment that encourages business growth and private hiring? I hope so but I don't think so. It would be a 180 degree turn from the direction they have been going since coming into office and they will not be able to make those tough decisions, regardless of the obvious fact that the things they have done have not worked. At all.

    July 2, 2010 11:51 am at 11:51 am |
  14. Mark from Louisiana

    As a small business owner I can't hire if I have no customers. Several of my customers just got chased out of the gulf of mexico with obamas moratorium.
    One is heading to Brazil to work for Petrobas, probably obamas plan all along to make sure George Soros makes plenty of money with his Petrobas stock.

    July 2, 2010 11:52 am at 11:52 am |
  15. phoenix86

    Obama continues to be both ignorant and clueless.

    July 2, 2010 11:57 am at 11:57 am |
1 2