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View Diary: Economic Terrorism and Krugman's Latest: "The clear and present what is happening now." (267 comments)

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  •  I disagree. From a country shedding 700,000 jobs (2+ / 0-)
    Recommended by:
    TheLizardKing, Lying eyes

    per month to adding over 1.3 million jobs in 2010 alone, and continuing with multiple months of adding more than 200, 000 jobs each month in 2011. This President has made vaaaaaaaast improvements since he entered office.

    •  Sorry, the nation needed 1.8 million jobs (2+ / 0-)
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      Jim P, cpresley

      in 2010 in order to stay even.  We need approx 150,000 new jobs a month just to absorb new graduates, people returning to the labor market, etc.

      1.3 million new jobs in 2010 is half a million short of staying even.  We slipped further behind.

      That is a huge problem.  The president made some improvements with the small stimulus package (at least too small by 1/2) but has not made vast improvements.

      Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better. -- Harry S Truman

      by YucatanMan on Fri May 06, 2011 at 10:11:00 AM PDT

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      •  well, perhaps we could have even used 3 million (0+ / 0-)

        jobs in 2010, but considering that when the President took office in 2009 we were hemorrhaging 700,000 job losses a month, this 1.3 million jobs in 2010, for which you clearly suggest as inadequate, was a big deal. He had to stop the bleeding, then start creating. I don't believe this President deserve a "D" on the economy as the comment to which I responded implied, because if you use your scale of the additionally needed 1.8 million jobs for 2010, viewed through the prism of the  depression-like environment of job hemorrages, and no jobs created at all, 1.3 created jobs is a big accomplishment, and certainly no wayyyyy near a "D".  

        •  Oh, and I maintain he has made a vast improvement (0+ / 0-)

          over what he inherited. Presently, the economy has also added 2 million jobs in the last 14 months, with 244,000 jobs in April alone.

        •  I can agree that the actions taken in the first (2+ / 0-)
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          NedSparks, tmo

          year were responsible for preventing us from bottoming out well lower than we did.  

          The fact that a stimulus bill was passed is good. It wasn't a strong stimulus.  We now have fairly reliable estimates that the economic collapse has drained $15.5 trillion in wealth from Americans.  The stimulus was not even one trillion. Depending on how the tax cuts effects are calculated (my position is that they can be discarded as to stimulative effect), the total of the stimulus was ~ $787 billion.

          Following this act, which was a good thing, although weaker than needed, nothing further has been done to help the jobs situation.  Much of the so-called "recovery" which many people dispute as to the impact on the average American worker (see this diary and others) is occurring without any government action.  

          In fact, the recovery is being hurt by all the state and local budget slashing, ending jobs.  The stimulus package, thankfully, held this off for a year or two, but an additional package or recognition of the pain coming would have helped prevent this.

          The situation is not black and white.  The president did some good things. Reasonable people could disagree on whether he fought hard or compromised too easily. But the lack of another program for jobs or -- at the very least -- something to prevent the layoffs nationwide at the school district, city and state levels, would have helped the economy enormously.

          My perspective is that the administration did some good things, but failed to stay focused on jobs. And that lack of focus has extended the pain, unfortunately.

          Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better. -- Harry S Truman

          by YucatanMan on Fri May 06, 2011 at 11:46:49 AM PDT

          [ Parent ]

          •  I'm glad to hear there are some agreement and I (1+ / 0-)
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            will also say that things could always be better. There were many difficulties including getting the stimulus passed at the skin of our teeth to have ever gotten much more than what was truly needed. We had to have pulled across  Susan Collins, Olympia Snow and Arlen Specter to help pull this through. I just want to point out to, however, that there were other definite steps taken to secure and produce jobs, like saving GM and Chrysler which saved more than a million jobs.

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