A LITTLE MORE ACTION, PLEASE
Obama’s December Jobs Summit Won’t Be First Time He’s
Tried To Distract Americans From Economic Reality
OBAMA HOLDING ‘JOBS SUMMIT’ NEXT MONTH: “[A]n event billed as a ‘Forum on Jobs and Economic Growth’ will be held at the White House on December 3rd. ‘The forum will be an opportunity for the President and the economic team to hear from some of the best and brightest CEOs, small business owners, and financial experts about ideas for continuing to grow the economy and put Americans back to work …’” (Brian Montopoli, “White House Jobs Forum Set For December 3rd,” CBS News’ “Political Hotsheet” Blog, 11/16/09)
BUT OBAMA HAS LONG HISTORY OF USING ECONOMIC CONVERSATIONS
TO DISTRACT AMERICANS FROM ECONOMIC REALITY
MARCH 4: At First Meeting Of White House Middle Class Task Force, “Panelists Spent A Long Time Congratulating One Another On Their Good Intentions.” “Last Friday, Vice President Joe Biden and seven White House Cabinet members traveled to Philadelphia to kick off the inaugural gathering of President Barack Obama’s Middle Class Task Force … task-force members and panelists spent a long time congratulating one another on their good intentions before turning to the meeting’ssingle topic: green jobs.” (Claire Suddath, “Obama’s Middle-Class Task Force Has No Middle Class,” Time, 3/4/09)
• But Two Days Later, BLS Reported That Unemployment Climbed To 8.1 Percent In February. (U.S. Bureau of Labor Statistics, Accessed 11/17/09)
MAY 20: Obama Attends First Economic Recovery Advisory Board Meeting, Says There Is “Some Return To Normalcy.” “President Obama declared today that there is ‘some return to normalcy’ in parts of the financial markets, as he attended the first meeting of his Economic Recovery Advisory Board.” (Michael A. Fletcher, “Obama Attends First Recovery Advisory Board Meeting,” The Washington Post’s “44 The Obama Presidency” Blog, 5/20/09)
• But That Same Month, Unemployment Jumped To 9.4 Percent, Even Though Obama Predicted That Stimulus Would Keep Unemployment Under 8 Percent. “In January, the incoming administration predicted in a white paper study that without a huge stimulus package, unemployment would reach just over 8%, and would be contained at under 8% with a stimulus package.” (U.S. Bureau of Labor Statistics, ) Accessed 11/17/09 Jake Tapper, “President Obama Predicts Unemployment Will Hit 10% This Year,” ABC News’ “Political Punch” Blog, 6/16/09)
JULY 31: Obama Meets With CEOs To Discuss Economy. “President Barack Obama hosted the chief executives of Verizon Communications Inc. (VZ), Wal-Mart Stores Inc. (WMT), Nucor Corp. (NUE) and Starbucks Corp. (SBUX) for lunch at the White House Friday, the administration said in a statement. The lunch, which the White House announced late Thursday without identifying the president’s guests, is part of the administration’s effort to reach out to the business community, and follows a series of other meetings between officials and executives.” (Henry J. Pulizzi, “Obama Had Lunch With Verizon, Wal-Mart, Nucor, Starbucks CEOs,” The Dow Jones Newswire, 7/31/09)
• But One Week Later, BLS Reported 9.4 Percent Unemployment For Month Of July. (U.S. Bureau o Labor Statistics, www.bls.gov, Accessed 11/17/09) Research http://www.gop.com/
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