Pelosi, Obama call for job-creation bill in wake of unemployment report

[pinto]

Pelosi, Obama call for job-creation bill in wake of unemployment report
By Walter Alarkon - 01/09/10 09:02 AM ET

President Barack Obama and top Democrats are seizing on weaker-than-expected December employment data to strengthen their push for more spending on job-creation programs.

Friday's Labor Department report showed the economy lost 85,000 jobs in December, far more than the 10,000 jobs some economists had expected would be lost. The unemployment rate remained 10 percent, but the rate would have gone up if nearly 700,000 workers hadn’t left the labor market.

“We have to continue to explore every avenue to accelerate the return to hiring,” Obama said Friday in response to the report.

Obama has urged Congress to pass a jobs package that includes new infrastructure spending, aid to small businesses, funding for state and local governments struggling to keep workers and incentives for green investments. On Friday, he also called on them to include $5 billion to expand a tax credit for manufacturers who invest in clean energy technologies.

Speaker Nancy Pelosi (D-Calif.) said the December jobs report should push leaders to recognize that saving and creating jobs should be their “top priority.”

more at

http://thehill.com/homenews/administration/75027-pelosi-obama-call-for-jobs-bill-in-wake-of-unemployment-report

[FreakinDJ]

1. Dupe Thread

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x116890

Its DU edict to check first if this has already been posted

[dkf]

2. Better late than never I guess.

[OHdem10]

3. As reported on PBS, they will talk a lot and do a few small things.

Nothing bold, which is really called for.

[Name removed]

4. Deleted message

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[thecrow]

6. So maybe in six months everthing will be hunky dory!

When all the people who ran out of UEI aren't counted?

It will be a party! :party: :toast: :party:


:sarcasm:

[Name removed]

7. Deleted message

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[FLAprogressive]

5. the stimulus would have been that if it had not been gutted.....

[Demeter]

8. So Much for the "Magic of the Marketplace" and the "Trend Lines" Theories

of how to build and sustain a healthy domestic economy.

Can you imagine if a head of household sat around collecting statistics, massaging them this way and that: "Well, nobody in the family has been fired this week (because there's no one left who is employed) so that means employment will be trending upward..."