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US economy heading in right direction, but not fast: Obama

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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:20 PM
Original message
US economy heading in right direction, but not fast: Obama
Edited on Wed Jun-30-10 10:28 PM by OhioChick
Source: Times of India

PTI, Jul 1, 2010, 08.14am IST

WASHINGTON: US President Barack Obama has said that the country's economy is heading in the right direction but not fast enough as per his expectations and those of the people.
"Today, it's growing again. Today, we have added private sector jobs for five months in a row. So the economy is headed in the right direction. But for a lot of Americans - for Racine and a lot of other communities - it's not heading there fast enough," Obama said at a town hall meeting in Racine, the city that has the second highest unemployment rate in Wisconsin.

"Not if you are out of work. Not if you can't pay the mortgage. Not if you can't take care of your family. The truth is, from the day we walked into the White House, we knew that the crisis we faced was so severe that it was going to take months, and may be even years, to fully heal, to dig ourselves out of one of the worst recessions in our history," he said.
He said in addition to everything that has been done, "additional steps to speed up this recovery and keep the economy growing were also being taken."
"We want an extension of unemployment benefits for workers who lost their job through no fault of their own," he said.

Obama said he believes it was time for the US to embrace a clean energy future.
"I don't want clean energy jobs to go to China or Germany. I want those industries to take root right here in the United States. We have provided entrepreneurs and small business owners with tax credits and loan guarantees that will lead to over 700,000 jobs in 2012. These are good-paying, middle-class, American jobs," he said:
"They are world class turbines and solar panels and new advanced battery industry is here. So now the US was getting 40 per cent of that market from two per cent. That was all done through the Recovery Act," the President said.


Read more: http://timesofindia.indiatimes.com/World/US/US-economy-...



Does he mean "these" "green jobs?"

US offshores 22,000 green jobs to India

http://www.democraticunderground.com/discuss/duboard.ph...

Evergreen Solar announces some China plans (New Green Jobs already outsourced)

http://www.democraticunderground.com/discuss/duboard.ph...

These were found on a quick search....I'm sure since then, many more "green jobs" have gone overseas.


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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:23 PM
Response to Original message
1. Looking forward to that second dip!
It's gonna be great.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 04:17 PM
Response to Reply #1
11. Yep. A 'Doosey' is the technical term
I believe.
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amandabeech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:30 PM
Response to Original message
2. I'd feel better if he could stay on the "jobs and the economy" message.
Forget the energy bill until folks have jobs unless you really do intend to keep the green energy jobs here.

Considering the current state of affairs on the Hill and in the White House, I'm not betting on it.
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Dawson Leery Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:39 PM
Response to Original message
3. Then why doe the coming jobs report appear so bleak?
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ChromeFoundry Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:41 PM
Response to Original message
4. "Today, we have added private sector jobs for five months in a row. "
Edited on Wed Jun-30-10 10:41 PM by ChromeFoundry
14,000 last month (I believe I read it here) isn't something to tout.

What about those temporary census jobs, were those counted, too?
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Better Today Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 11:06 PM
Response to Original message
5. No doubt he speaks well, but he is unattached from reality if he believes what he's saying.
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 11:09 PM
Response to Original message
6. Oh really?
Edited on Wed Jun-30-10 11:11 PM by HCE SuiGeneris


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rayofreason Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 11:23 PM
Response to Original message
7. Yeah, sure....
Edited on Wed Jun-30-10 11:23 PM by rayofreason
....because this administration's policies are going to make sure that unemployment does not go over 8%!

That worked out great, didn't it?
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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 11:45 PM
Response to Original message
8. It's going to take something way way way more drastic than the recovery act
to pump life into this corpse of an economy. Oh yeah... and "green" jobs are a freaking fairy tale...
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-03-10 02:34 PM
Response to Reply #8
14. Saw something on our local roads the other day...American Recovery Act . ..!!!
Small group doing some road work -- with a rented HERTZ truck!!
????
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 05:19 AM
Response to Original message
9. It's Called a Death Spiral, and the Slower, the better for some
but if the parasites went quickly, the rest of us would feel instant relief.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-03-10 02:36 PM
Response to Reply #9
15. It's the frog in the pot of hot water . . . slowly it won't react -- fast, he'll jump out --
If we wait til most of us are homeless, sick and ill nourished --

it will be too late to save democracy or anything else --

Many ways to protest without going into the streets --

First thing is for all citizens to come together -- all labor -- whether or

not you're in a union!! You're still LABOR!!

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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 09:55 AM
Response to Original message
10. Just where does Obama want the U.S. economy to go? (nt)
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-03-10 01:19 PM
Response to Original message
12. LOL is that the latest meme?
:rofl:
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-03-10 02:33 PM
Response to Original message
13. Wake up, Obama . . . we need jobs -- jobs creation programs.... not thru corporations!!
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