Obama: How we could get to 6% unemployment rate
April 4th, 2012
07:38 PM ET
2 years ago

Obama: How we could get to 6% unemployment rate

New York (CNNMoney) – Obama: How we could get to 6% unemployment rate

The construction industry and state and local governments are among the biggest drags on the nation's economic recovery, President Obama said Wednesday.

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Filed under: 2012 • CNNMoney.com • President Obama • unemployment
soundoff (14 Responses)
  1. Living in the REAL world

    More of the same insanity from Obama. Borrow and send hundreds of billions to unions and government to fund make work projects (that are not shovel ready) and fund thousands of government jobs, which are a direct drag on the economy. Obama has obviously learned NOTHING from his failures over the last 4 years. Can we afford 4 more years of the same brain dead policies? I don't think so.

    April 4, 2012 07:44 pm at 7:44 pm |
  2. Ed1

    How about adding the Federal Government too, nothing but increases in people and pay since Obama took office.

    April 4, 2012 07:50 pm at 7:50 pm |
  3. cali girl

    The President is right. Every road I drive on is in sub par condition. This has been like this for 7 years. Construction has stopped, no new anything. If constrution could get going again, you would supply jobs to carpenters, concrete workers, electricians, contractors, dry wall hangers, roofers, plumbers, cabinet makers, flooring installers, painters. Right answers.

    April 4, 2012 07:55 pm at 7:55 pm |
  4. .. Kentucky long-rifleman ........

    One of the best ways for the U.S. to arrive at that 6% unemployment rate would be to RE-ELECT PRESIDENT BARAK H. OBAMA.
    ..
    .. Think CHENEY-ROVE-DUBYA if you want a WILLARD MITTHOUSE ROMNEY to lead us. Think ECONOMIC MELTDOWN with ANOTHER teanut-gop group leadership.
    ..

    April 4, 2012 08:07 pm at 8:07 pm |
  5. Four and The Door

    "This country could greatly benefit from a major rebuilding - roads, bridges, ports, high-speed internet, high-speed rail," he said....
    ________________________________________________________________________________________________
    ..and this is the only approach you can expect him to understand. What is he familiar with? Government and academia.
    Certainly academia will not pull us out of it. How else could unemployment drop? Private industry. Free enterprise. American businesses. They can be so powerful. But don't expect Obama to know how to get them started. He would not at all be comfortable relying on private businesses to bring unemployment down.

    And here is where Mitt Romney's experience would make a difference. He does know how to get businesses to grow and hire without buying stuff the government has no money to invest in. Few people know better than a guy like Mitt Romney with both his government experience combined with his private equity experience. He is absolutely the guy to do that job. In fact, that is exactly his plan. And he knows well how to execute plans. That's what he does.

    Romney/ Ryan 2012

    April 4, 2012 08:18 pm at 8:18 pm |
  6. Dan

    One sure way to get back to a 6% unemployment rate would be to vote Obama out of office.

    April 4, 2012 09:08 pm at 9:08 pm |
  7. bill

    The best way is to vote uhbama out of office.

    April 4, 2012 09:49 pm at 9:49 pm |
  8. GI Joe

    Red states are letting local people go by the dozens. There is no way they will spend the "jobs money" on creating jobs. I guess they think it makes the president look bad, but we KNOW WHO issues the pink slips. Silly repubs.

    April 4, 2012 10:58 pm at 10:58 pm |
  9. CBR

    Stalling is a tactic that lawmakers understand. They have done it for the last three years.

    Too many CEO's are happy to get the big paycheck but are not eager to up production so that others could get a paycheck for working 40 hours at minimum wage. Go figure.

    April 5, 2012 12:33 am at 12:33 am |
  10. Tired of republican lies

    Vote out all rethugs in the senate and congrss and unemployment will go down at leas 5 points!!!!

    April 5, 2012 01:04 am at 1:04 am |
  11. Jerry

    How could America get a 6% unemployment rate: when you resign from office Mr. President. And, please take Biden with you. Both of you are clueless, divisive and ruining our beloved country.

    It's not illegal to dream, right?!

    April 5, 2012 06:25 am at 6:25 am |
  12. Marie MD

    Of course we can get to 6% unemployment (which faux news will round off to 10% because it's over 5%).
    Unfortunately, big corporations in the pockets of teapublikans in congress don't want that to happen. They all would rather see the country sink in the muck just so that the President is not re elected.

    April 5, 2012 06:32 am at 6:32 am |
  13. Another Day in the Idiot Mines

    More infrastructure spending. The best time is now, given the low interest rates and the need for more employment. Not to mention that costs will skyrocket for certain projects because rapid deterioration over the next few years will vastly increase the number of critical infrastructure repairs needed immediately.

    April 5, 2012 07:17 am at 7:17 am |
  14. diridi

    Bring all Manufacturing back to USA, lower corporate tax, punish Pharmacy companies that go to India, China...

    April 5, 2012 07:22 am at 7:22 am |