Friday, August 5, 2011
President Obama: On Economy, 'Things Will Get Better': How can they get better
170,000 jobs created in July is definitely a hell of a lot better then the 18,000 jobs created in June. And 9.1% unemployment is at least technically better then 9.2% unemployment. But for the Unemployment Rate to get down to a more desirable level that can be managed, where the economy looks like its clearly improving. We need to create 170K plus jobs every month actually get closer to 200K jobs per month or more. And thats going to take Economic Growth and 1.5% aint going to get that done. We need to be around 4% or better and for that to happen people need to feel confident about spending money and have the money to spend. In order to create demand so business's are making enough money where they actually need additional employees to fill new jobs to meet the new demand. And this won't happen sitting around and waiting for it to happen.
The White House and Congress need to pass legislation to help accomplish this since they just reached an agreement to start paying down our debt and deficit. They need to pass legislation to to help our hurting Manufacturing Industry and we start making and selling things again and the work is done by americans. And they can start by passing the three Trade Deals that are currently stuck in Congress and get our products sold in Central America, Columbia and Korea. That would be the quickest and most effective thing they can do. And then they can pass an Infrastructure Bill like a National Infrastructure Bank which would get our Infrastructure Projects up and running and cut some Red Tape through Congress as well as the Administration. This bill already has Bi Partisan support in Congress with Sen. Kerry and Sen. Hutchison authors of this bill. Because this would be an Independent Agency of the Federal Government. That would raise these funds through the Private Sector attracting investors and then hiring the company's to do the work. And then energy lets eliminate Corporate Welfare for Big Oil and Gas in exchanged for allowing them and alternative Energy Industry's have more access in the country. To produce American Energy in America and hire americans to do these jobs this is something we should've been doing all along but there is not better time then now to get started.
Today's Employment Record looks a lot better then it did in June and May obviously just because of the fact that a lot more jobs were created. And it looks more like April and March when we were in the 100K plus jobs created area. But this is just one positive Jobs Report and there's still a tone left to be done but we can accomplish it.