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« How 'bout something "intellectually engaging and candid, timely and quite thoughtful" ... for a Change? | Main | Jerusalem 1918 »

Friday, 07 January 2011

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Mannie Sherberg
This is a bleak report. The expectations were for a jobs increase in the neighborhood of 300,000. Any labor market that performs at only one-third of projected numbers is pretty sick -- and no amount of White House spinning will change that. A chunk of the percentage decrease to 9.4 is attributable to job-seekers who have given up in discouragement. The ugly truth is that this administration either (1) hasn't the foggiest idea what to do about all this or (2) has an idea, but hasn't the guts to do it --- because its base would scream bloody murder if it did.
employment genius
In last year's State of the Union, Obama declared job creation his "No. 1 focus," then spent much of 2010 on other priorities like overhauling healthcare and Wall Street rules. With the elevated unemployment rate still ranking as Americans' top concern, there is little doubt jobs will again be the centerpiece of Obama's speech. But more than ever before, Obama is also expected to use the annual address to cast himself as more of a fiscal hawk, possibly a tough sell for a leader presiding over trillion-dollar-plus annual budget deficits.

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