(oops!) Laughter Replaces Applause in Obama's Speech re: Jobs

[kpete]

Correction of the Day
-- President Obama, in an official transcript of a fundraising speech this week. The transcript was later corrected by replacing "Laughter" with "Applause".
http://politicalwire.com/archives/2011/06/21/correction_of_the_day.html





THE PRESIDENT: ...............

It is wonderful to see all of you. I've got a lot of friends in the room here. People who knew me before anybody could pronounce my name. (Laughter.) People who knew me before I had gray hair. (Laughter.) It is wonderful to see those of you who’ve been friends for a long time, and it’s wonderful to see new friends here as well.

What I'd like to do is to make some very brief remarks at the top and then have a chance to take a few questions, because that will give us a chance to have a dialogue, and you might have some suggestion that we haven’t thought of. And it’s one of the great things about these kinds of events is people here have so much expertise in so many different areas that it’s a wonderful thing for me to be able to pick your brain as well as just you guys hearing me chatter.

We are obviously going through one of the toughest periods in American history. We went through the worst financial crisis since the Great Depression, and immediately after being elected, I had to take a series of very difficult steps to rescue ourselves from the brink. We had lost 4 million jobs in the six months before I was sworn in; lost another 4 million during the period probably six months after I was elected. And so as a consequence, we had to do some things that we didn’t expect we would have to do, just to save the economy -- stabilize the financial system, make sure that states and local governments didn’t have to lay off police officers and cops and firefighters. We had to save an auto industry. I never expected to be a automobile executive. (Laughter.)


As a consequence of that swift, decisive, and sometimes difficult period, we were able to take an economy that was shrinking by about 6 percent and create an economy that is now growing, and has grown steadily now over many consecutive quarters. Over the last 15 months we’ve created over 2.1 million private sector jobs. (Applause.) We have an auto industry that, for the first time in a very long time is profitable, and the Big Three automakers actually gaining market share, and not only gaining market share, but also gaining market share in the cars of the future so that they’re actually competing in compact cars and sub-compact cars and electric cars and hybrids.


the rest:
http://www.whitehouse.gov/the-press-office/2011/06/20/remarks-president-dnc-event-0

[ixion]

1. Obama's job creation has been very poor

very few jobs, and most of what was created were blue collar McJobs.

[FarLeftFist]

2. 14 straight months of job gains.

Not to mention Detroit among others. Sure it could be better but these corps are holding historic record profits and still not hiring. Looks like we're being sabotaged.

[TheKentuckian]

3. Why does anyone expect them to hire? Productivity and profits are at record levels

and little, if anything, is being done to stimulate demand.

What is it that you think is the motivation of the multi-nationals?

You think tax breaks and free money are motivations to hire people or pay them living wages when they do?

It isn't sabotage, it is the nature of the beast. We have an anti-investment tax structure and stupid incentives that encourage hoarding.

The official state secular religion is more bogus than the three dollar bill. This dumb shit isn't going to create jobs with any significant multiplier effect. The bang for the buck factor blows and well have little to show for it at a time where we need staggering levels of investment to just maintain what we have while we slip behind the world and fall deeper into competitive disadvantage as or faltering infrastructure becomes obsolete.

[FarLeftFist]

5. Oh I don't expect them to hire

I expect them to completely put profits and cash hoarding to full use.

[mmonk]

4. Because in the next five years I read, 70% of their profits will come

from outside the country (our fortune 500 companies). Entrepreneurship here has steadily declined since the 80's and can't take up the slack. In other words, they have no boundaries and no loyalty to us to provide us with anything.