Nina Easton in Fortune:

This President has talked about jobs more than 200 times since taking office. He signed an $820 billion stimulus package to buy (mostly public sector) jobs, followed by an $18 billion jobs package lumping construction funds with hiring incentives for small business. We watched the Paul Volcker-led Economic Recovery Advisory Board of 2009 disappear, replaced by the much-hyped Council on Jobs and Competitiveness of 2011, chaired by GE’s Jeffrey Immelt. There’s not much to show for all that. In the 26 months after the nation’s unemployment rate first breached 9%, it slid back under only twice. Long-term joblessness is especially sinister: Minneapolis Fed chief Narayana Kocherlakota says it is unprecedented in post-World War II U.S. history to have…6.2 million Americans (more than 44% of the unemployed) who have been out of work for more than a year…The Obama team resists a pro-growth tax and regulation agenda

Unless the administration is prepared to reverse the position it outlined so clearly a year and a half ago, it is only logical to expect more of the same tired rhetoric next month. We’re already past the envelope #2 stage. What’s next?

This entry was posted on Sunday, August 28th, 2011 at 4:28 am and is filed under business, Democrats, General, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.