7/30/2010

Weren't we supposed to get massive job creation this summer?

Last year it was the prediction that unemployment would not get above 8 percent. This year it was promises of massive job growth.

Usually the Obama administration downplays expectations for job growth, but apparently Vice President Joe Biden didn’t get the memo – or he did, but just blew it off.

“Some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month,” Biden said at a fundraiser today in Pittsburgh.

Next month, Biden predicted, the nation’s employers will add between 100,000 to 200,000 jobs to their payrolls.

If employers were to increase their payrolls by half a million jobs at some point in the next few months, that would mark a massive turnaround for a country that was hemorrhaging hundreds of thousands of jobs a month just one year ago. But with the big boost expected from the government’s 2010 census, on top of an improving employment picture as evidenced by the 162,000 jobs created in March, such future job growth is a distinct possibility, analysts say. . . .


We have had the Obama administration predict multiple times that the economy had already turned around. Now when things keep on being bad, the reason for the continued weakness is George Bush.

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