Sunday, May 10, 2009

No job growth until after President Obama's four years.

White House Forecasts No Job Growth Until 2010 -
President Obama’s chief economics forecaster said on Sunday that the country was not likely to see positive employment growth until 2010, even if the economy began to grow later this year.
Speaking on C-SPAN, Christina Romer, chairwoman of the White House Council of Economic Advisers, said that she expected the G.D.P. to begin growing in the fourth quarter of this year. Ben S. Bernanke, the Federal Reserve chairman, made a similar prediction last week.

President Barack Obama bringing hope to the whole world.

Ms. Romer said that she expected the economy has to grow at a rate of about 2.5 percent before unemployment will fall. A reasonable estimate for the G.D.P.’s growth rate in 2010, she said, is three percent. But Robert Reich, who served as labor secretary under President Bill Clinton said on Sunday that the rate of growth would have to be higher — 4.5 percent — to reverse rising unemployment.

If this is the truth, and Robert Reich should know, we will not have job growth until after 2010. Before this happen the unemployment rate could reach 9.5 percent. The underemployment rate, which counts people who are working part time because their hours have been cut and those who have given up looking for jobs, reached 15.8 percent.

President Obama called the April jobs numbers showing the nation lost another 539,000 jobs last month "encouraging" yet still a "sobering" economic toll. We should expect further job losses in the months to come. Maybe next month it will be encouraging that we only lose 439,000 jobs.

The president's event today focused on a new call by the administration to help unemployed workers gain new skills and education while they are looking for a new job. Question; Who is going to teach these new 3 million people new jobs skills? Are you going to send all these people to a trade school? Is the government going to pay for their schooling too?

"Now is the time to change unemployment from a period of 'wait and see' to a chance for our workers to train and to seek the next opportunity. That's why the next step is to make it easier for them to receive Pell Grants." A grant they will never have to pay back.

Let's see if I know my math. 3 million receiving about 3 thousand dollars a year, 9 billion?
And no guarantee of a job because there is fewer jobs out there until after 2010.

We have seen this before under President Jimmy Carter.The annual inflation rate rose from 4.8% in 1976 to 6.8% in 1977, 9% in 1978, 11% in 1979, and hovered around 12% at the time
of the 1980 election campaign. Although Carter had pledged to eliminate federal deficits, the deficit for the fiscal year 1979 totalled $27.7 billion, and that for 1980 was nearly $59 billion. President Carter more than doubled the deficit in his four years, spending money on the economy. The unemployment more than doubled in his four years.

Now President Obama is heading in that same direction. No matter how many pretty words that he says or education programs he come up with, their need to be jobs created. To create jobs you must follow the model that President Reagan gave us. Not those of President Jimmy Carter.

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Job Losses Worst Since 1974, Unemployment Jumps

Monday, May 4, 2009

Democrats afraid to fund closing of Guantanamo

The Associated Press: Democrats drop funds to close Gitmo

House Democrats are refusing to pay for President Barack Obama's plan to relocate prisoners from the Guantanamo detention facility where enemy combatants are being held.
Obama has signed an executive order to close the facility at Guantanamo Bay, Cuba, by early next year. But the Pentagon has yet to come up with a plan on where to put the 240 or so prisoners. Between 50-100 are likely to be sent to the United States.
No lawmaker wants the accused terrorists in their backyard.

They want Gitmo closed but Democrats scared.

While the Democrats boosted the funds Obama requested, the $50 million to relocate Guantanamo Bay detainees has inflamed Congress and given Republicans an opening with which to bash Obama. Many Democrats were skittish about the prospect of voting to bring
terror suspects into the U.S.

President Barack Obama's administration has yet to develop a plan to carry out Obama's executive order to close the Guantanamo Bay facility by early next year. So now we have an executive order but no plan to close it. Maybe President Obama should have had a plan first.

The Pentagon has not said how many of the 240 or so detainees would be transferred to the United States or where they would be held. About 50 to 100 terrorist would be shipped to this country, according to Defense Secretary Robert gates.

EXECUTIVE ORDER By the authority vested in me as President by the Constitution and the laws of the United States of America, the detention facilities at Guantánamo for individuals covered by this order shall be closed as soon as practicable, and no later than 1 year from the date of this order. If any individuals covered by this order remain in detention at Guantánamo at the time of closure of those detention facilities, they shall be returned to their home country, released, transferred to a third country, or transferred to another United States detention facility in a manner consistent with law and the national security and foreign policy interests of the United States.

Option number 1. Returned, released, to their home country, and rejoin the fight against the United States.

Option number 2. Released back into the world.

Option number 3. Transfered, released, to a third country, who don't what them.

Option number 4. Transfered to another United States detention facility like the one at Guantanamo.

So now we know that option 1 through 3 is to release the terrorist. The only other option to detain them is to send the terrorist to the United States.

House Democrats unveiled a $94.4 billion war funding bill Monday and it had no money for the relocation plan. So how will the Democrats get out of this one? If needed, money could be transferred later — without a politically difficult vote.

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