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With Obama Doing Little on Jobs, Allies Grow Frustrated

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With Obama Doing Little on Jobs, Allies Grow Frustrated

Post by Guest on Fri Jun 10, 2011 3:17 pm

The economy added just 54,000 jobs in May, and long-term joblessness is at a record high. Federal Reserve chair Ben Bernanke admitted this week that the recovery has been "frustratingly slow."

That bleak news has prompted harsh criticism of the White House from many of the administration's friends, who view the focus on deficit reduction rather than job creation as badly misplaced, and who want more government stimulus to jolt the economy.

"[T]here is no political will to do anything about the [jobs] situation," New York Times columnist Paul Krugman wrote today. "Far from being ready to spend more on job creation, both parties agree that it's time to slash spending--destroying jobs in the process--with the only difference being one of degree."

http://news.yahoo.com/s/yblog_thelookout/20110610/ts_yblog_thelookout/with-obama-doing-little-on-jobs-allies-grow-frustrated

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Re: With Obama Doing Little on Jobs, Allies Grow Frustrated

Post by mj33 on Fri Jun 10, 2011 3:22 pm

The McCenzie group (sorry on spelling) had a specific committee hearing with panel of experts today that just concluded on CSpan, some good discussion from some leading experts of all walks of life and business sectors etc.. The report focuses on 4 areas of problems that need addressed based on their accumulated statistics and panel members addressed a question and answer session from audience (which included professionals). I suggest everyone to check out the Cspan segment since it deals strictly with job creation and unemployment. This group has recently developed a subcomittee to help interralate educational institutions on all levels with businesses on loca/state sector.

The majority of discussion seemed to focus lot on Job Skills Mismatch (both supply and demand) out of the reports four distinguished categories.

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