Obama statement on jobs report: Urgent response needed

[DeepModem Mom]

Source: CNN

President-elect Barack Obama released a statement Friday regarding the news employers cut more than 530,000 jobs in November:

"The 533,000 jobs lost last month, the worst job loss in 34 years, is more than a dramatic reflection of the growing economic crisis we face. Each of those lost jobs represents a personal crisis for a family somewhere in America. Our economy has already lost nearly 2 million jobs during this recession, which is why we need an Economic Recovery Plan that will save or create at least 2.5 million more jobs over two years while we act decisively to maintain the flows of credit on which so many American families and American businesses depend.

"There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better. But now is the time to respond with urgent resolve to put people back to work and get our economy moving again. At the same time, this painful crisis also provides us with an opportunity to transform our economy to improve the lives of ordinary people by rebuilding roads and modernizing schools for our children, investing in clean energy solutions to break our dependence on imported oil, and making an early down payment on the long-term reforms that will grow and strengthen our economy for all Americans for years to come," said President-elect Obama.

Read more: http://politicalticker.blogs.cnn.com/2008/12/05/obama-on-jobs-report-urgent-response-needed/

[livetohike]

1. 1974 - That was the year I graduated

college with a B.S. in Education. I could not find a full time teaching job for four years....and substituted in the city all that time. I'm trying to remember more about what the economy was like then. I know we were lining up for gas at the stations .... times were bad, but I was poor anyway, so I guess I didn't notice too much.

[LiberalEsto]

2. But Dumbya IS helping the economy

He just bought himself a $2 million house in Dallas. Gonna need a lot of servants to pick up the pretzel crumbs and haul out the empties. That's job-creation for ya.

:sarcasm: