On Friday’s Political Punch, it was reported that Vice President Biden Predicts Massive Job Growth in Coming Months:

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.

Well, it wouldn’t be the first time our loquacious VP has done such a thing and come up with his own thoughts on a heated subject:

“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.

Um. Could you please tell me where he is getting these numbers? We know the Census created a bunch of temporary jobs but they will evaporate in a few months. On behalf of all my friends, neighbors and local business owners who are struggling or whose businesses have already shut down, I’d love to hear some good news here – but only if it backed up by fact…

The administration’s own forecast projects that the labor market will add about 100,000 jobs a month for the rest of the year, then around 200,000 jobs a month next year, and 250,000 jobs a month in 2012.

Biden noted today that in the past he “got in trouble” for making predictions about job creation, but clearly that did not stop him from delivering his bold new projections.

“We caught a lot of bad breaks on the way down,” Biden said. “We’re going to catch a few good breaks because of good planning on the way up.”

Another phrase I’m not quite sure what to do with… “good planning”? So it was good planning to enact a pork, er, Stimulus Bill when they first got into office and then withhold a large percentage of the money until just before the midterms so they can artificially pump up the economy to get votes? Is that the sort of good planning we are talking about? Strikes me not only as cynical but downright cruel to so many who have lost their jobs and homes.

Please – if you have any news to report — I mean, real news, backed up by real fact, not just spit-balling or spin, that indicates some honest to goodness substantial job hiring is going to happen in the next few months, please share it…

I’m sure Mr. Biden would be happy to know someone agrees with him.

  • b

    Ferd,

    You pollute this website far too much. You seem to have far to much time or your hands. You do not seem to deal with alternative views very well. A clear sign of closed mindedness.

  • ~~JustMe~~

    and drive by GM!

  • Jobs

    Ani,

    Not really accurate in the way the survey was reported by CNNMoney. Not the full picture. And it is backward looking. Others as I mention above say the stimulus has saved millions of jobs.

    We know the stimulus did not result in a net creation jobs., which is likely what the survey is refering to. Just look at the numbers. The economy has continued to lose jobs until recently, but job losses have leveled off. However, that does not mean the stimulus did not save jobs and create jobs on a gross basis. In addition, most of the new jobs portion of the stimulus bill is yet to come, as most of that is related to the infrastructure spending, which a lot of it is coming in 2010.

    The response that you quote from the survey about the stimulus not creating jobs is also backward looking. Many economists believe the stimulus will create jobs going forward, as the infrastructure spending kicks in.

    As of April 16 only $95.2 bn of the $275 bn of stimulus spending directly related to jobs was paid-out . So more than 65% of it is yet to come. We should see a ramp in job creation from this through 2010.

    http://www.recovery.gov/Pages/home.aspx

    Also, from the same survey you quote:

    “The government’s massive stimulus programs probably saved more jobs than they created, said Strauss, a member of the committee that conducts the survey.”

    There are many headlines like this one all over the country:

    “Report: Stimulus Saves 150,000 Jobs In Florida”

    http://cbs4.com/local/stimulus.jobs.money.2.1656604.html

    Also quoting from the NABE survey:

    “New NABE Survey Shows Business Recovery Gaining Momentum, with More Jobs Ahead”

    “After more than two years of job losses, job creation increased in the first quarter of 2010, suggesting a better outlook for hiring over the next six months. ”

    http://www.nabe.com/publib/indsum.html

    or

    “U.S. Firms Raise Hiring on Optimism Over Recovery — NABE Survey”

    http://blogs.wsj.com/economics/2010/04/26/us-firms-raise-hiring-on-optimism-over-recovery-nabe-survey/?mod=WSJ_latestheadlines

    The survey you quote clearly says the economy is gaining steam. Seems like the Obama adminstration is doing all the right things to turn this economy around and clean up the mess left by the previous adminstration. This survey ultimately proves the point that Biden may be right with his prediction on jobs growth hitting 500,000 a month by the end of the month.  Many private economist actually agree with him.

  • sybilll

    Poor Joe.  Everytime he speaks, I get this vision of him at his next job.  As the emcee of “Let’s Make A Big F’ing Deal”. 

  • Jobs

    Read the article. The analysis is from Moodys.

  • Jobs

    Ani,

    Common sense? That holds a lot of water. You should read about the stimulus bill and the process. I suppose if the govt was not taking the time to contract out the infrastructure spending properly and there was corruption you would be complaining. By the way have you noticed that out of all that spending there have been no scandals in terms of some of the spending being corrupt. Remarkable that the government has been able to do this correctly and in such a short period of time with such a large amount of spending. Unprecedented.

    Yeah, too bad the Bush/Republican recession was such a disaster for this country. It will be hard to bring all those jobs back quickly. At least Obama has turned growth around in the economy and he is pointing things in the right direction. It could have been a lot worse without Obama’s programs.

    By the way when the jobs start coming back, are you going to write a new post congradulating the adminstration for cleaning up Bush’s mess and getting things going in the right direction again.

  • Noogan

    What kind of jobs? Jobs in Government? Good paying jobs in the private sector? That is the question: 

    http://www.washingtonsblog.com/
    SATURDAY, APRIL 24, 2010Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%

    Boeing CEO Jim McNerney succinctly summarized a recent study by Northeastern University’s Center for Labor Market Studies regarding unemployment rates for different income brackets:
    The Center analyzed the labor conditions faced by income-grouped U.S. households during the fourth quarter of 2009.In the face of one of the worst economic environments in memory, those in the highest income groups had nearly full employment levels, with just a 3.2 percent unemployment rate for households with over $150,000 in income and a 4 percent rate in the next-highest income group of $100,000-plus.The two lowest-income groups — under $12,500 and under $20,000 annually — faced unemployment rates of 30.8 percent and 19.1 percent, respectively.

    The study – published in February – notes that the poor are suffering Depression levels of unemployment:

    Workers in the lowest income decile faced a Great Depression type unemployment rate of nearly 31% while those in the second lowest income decile had an unemployment rate slightly below 20% …. Unemployment rates fell steadily and steeply across the ten income deciles. Workers in the top two deciles of the income distribution faced unemployment rates of only 4.0 and 3.2 percent respectively, the equivalent of full employment. The relative size of the gap in unemployment rates between workers in the bottom and top income deciles was close to ten to one. Clearly, these two groups of workers occupy radically different types of labor markets in the U.S.

  • Ferd Berfle

    Well, glenn, that also includes the millions of obamabots polluting every known web presence with their unadulterated dreck at $0.05 per comment. Yep, Jackie, FF, PO, Bank, Jobs, and all the other trolls are posting here on our dime, apparently.

  • Ferd Berfle

    Well, glenn, that also includes the millions of obamabots polluting every known web presence with their unadulterated dreck at $0.05 per comment. Yep, Jackie, FF, PO, anad all the other trolls are posting here on our dime, apparently.

  • jwrjr

    Remember the old saying about the three types of lies.

  • Ferd Berfle

    Taking into account all the references in your comment, Ani, I’d postulate they haven’t the foggiest idea where the economy is heading and that not only are they bozos but soon-to-be unemployed bozos.

    And to think that real science is criticized for being off by even a fraction of a decimal point.

  • Anthony

    and then there’s that $1 per response to the blather they post. Hey – do you think that those are the jobs Joe <del>Bourbon</del> Biden is talking about?  Wouldn’t surprise me in the least…

  • Ferd Berfle

    Moderately…. 
    ================== 
    Their use of the word “moderate” only means they really don’t have a number at all but are just covering their sorry arses yet again. Give us some real predictions or stop yapping.

  • Ferd Berfle

    Moderately….
    ==================
    Now if they would give a real definition for “moderately”, we might have some common ground for discussions.

  • Docelder

    These guys live off crises. So no, we will all be at risk so long as these guys have any power at all.

  • BuzzLatte

    It’s always the little hint of the Obama sales pitch that gives him/her away.

    Obama pitched to his young people, women, Latino, and AA friends in an attempt to upset the midterms. Drudge has is as playing the race card and Hotair has some wonderful responses.  

    One favorite:  Obama is so 2008.

  • Ani

    As to the stimulus bill:  

    NEW YORK (CNNMoney.com)The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

    In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years — but a majority of respondents felt the fiscal stimulus had no impact.

    NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House’s Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.

    That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won’t affect payrolls, while 30% expect it to boost hiring “moderately.”

  • Anthony

    Yeah, he’s doing “a heckuva job!!”

    RRRRRRRROOOOOOOOOTTTTTTTTFFFFFFFFFFFFLMAO!!!!!  again and again and again.

    Thanks for the comic relief….

  • ~~JustMe~~

    Because the “witch” inside of me tells me this is PO coming in under a different name (on every post) a name that fits in with the post to get his talking points out and about. I could be wrong as I have been many times.. However the way they write are very similar!

  • kenoshamarge

    I like being in such “good” company Ferd. I suspect there are many, many more of the NQ crowd that will join us. Better get a bigger penalty box.

  • ~~JustMe~~

    Because the “witch” inside me tells me this is PO coming in under a different name (on every post) a name that fits in with the post to get his talking points out and about. I could be wrong as I have been many times.. However the way they write are very similar!

     

     

     

  • Ferd Berfle

    USA Today??

    ROFLMAO. Try again, chug-a-lugger. You’re a poster child for NCLB.

  • Ani

    Common sense tells me the money was held back for political reasons — as there was no other possible reason to do it.

    This has been called a jobless recovery by many sources.  And if you are so confident of your sources and your numbers, I am so curious as to why you don’t blog with a more identifiable name? 

  • Ani

    Common sense tells me the money was held back for political reasons — as there was no other possible reason to do it.

  • glennmcgahee

    Anthony is right on target with his assessment. Imagine if those receiving assistance could do some substantial work without penalty, they would also be back to contributing through payroll taxes, offsetting some entitlements. The Miami Herald reported that Florida’s Stimulous Czar (yes, there is one), says the Federal Program created or saved 33,218 jobs and they had spent only half of the 19.5 billion it expects to receive. Thats 1/4 mil per job?

  • BuzzLatte

    Optimism does not equal jobs.  Tell your good news to the tens of thousands of teachers and other school employees that just got pink slipped.

    The NYT as a source?   Please.

  • susiepuma

    Two things – jobs doing infrastructure – obviously needs doing but where is the money gonna come from – country is broke – no people working private industry – no taxes going to government

    second- headline on above article – says job MAY come back – and if so, what kind of jobs – most of the companies left here in the US have outsourced all of the jobs overseas – even the companies that NAFTA’d all those jobs to Mexico – ya know – so that they would stay in their own frickin’ country – guess those jobs are now overseas too…………………………

    so again I ask – what kinds of jobs will be created making what and where will the money come from – BTW – all those teaching jobs – the money to pay all those salaries also come from the private industry of which we have less and less which in return means less money for the gov…………………..but hey, hey, hey the fraud is flying to Iowa today (again wilth AF1 wasting more money – asshole) to mix with the common folk and find out what kind of jobs they want – doesn’t take a rocket scientist to figure that out – ones that make money, provide for a long term working career and maybe, just maybe, make you feel that you are actually doing something constructive…………………………
    Can we impeach that POS yet????

  • Onofre’s arm

    Yea, it’s sort of funny, but it’s racist and plays off of stereotypes that Jewish people simply roll their eyes over. Just imagine the howling if the joke was formulated around several “black” stereotypes. 

    Don’t get me wrong though, because I actually believe that such race based jokes are for the most part harmlessly sophomoric, and the targets of the jabs, whether they are Polish, Jewish, Chinese, etc., are usually mature enough to politely chuckle and move on, because loud protestations would only look silly. Quite often, a disproportionate indignant over reaction to such jokes and pokes, turns a benign situation malignant, and actually contributes to animosity. Race hustlers like Sharpton and Jackson marginalize themselves when they whip up giant frenzies over minor, and sometimes unintentional, race related statements and incidents. 

  • Jobs

    Ani,

    I suggest  you look at this extensive jobs growth forecast. Looks like there will be some good jobs growth this year.

    http://www.usatoday.com/money/economy/2009-02-06-new-jobs-growth-graphic_N.htm

    It is quite conceivable that the U.S. economy will be adding 500,000 jobs per month by the end of the year, as Biden suggests.

    As for you comments about the stimulus, it has been a huge sucess is kick starting the economy and getting it growing again. It has also helped the jobs picture significantly.

    Not sure where you are getting that stimulus funds were held back for political reasons. That is BS. Wouldn’t it make more sense for the adminstration to get the funds out there as fast as possible to get the economy started as fast as possible. You obvsiously do not have much of an idea how the stimulus program was run. It was always designed to be a two year program with much of the infrastructure spending taking some time to get up and running given all the contracting that needed to be done. By every measure the stimulus has been a success and did exactly what it was designed to do.

    “Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.”

    http://www.nytimes.com/2010/02/17/business/economy/17leonhardt.html

    Obama has done a remarkable job at turning around this economy and getting us out of the Republican recession.

    The stock market continues to climb, which is a big indicator of the economy. The IMF just revised up to 3.1% U.S. GDP growth for 2010, about in line with private economists. It was only a couple of months ago that economists were saying that growth in the U.S would be 2%. Almost all economic indicators continue to be revised upward, so more opitimism on the jobs front is not out of line.

  • Noogan

    Biden must not have gotten the memo about the lay-offs!

    “Pink slips were sent out to 22,000 teachers in California, 17,000 in Illinois, and 15,000 in New York. The jobs of 8,000 school employees in Michigan, 6,000 in New Jersey, and 5,000 in Oklahoma may also be axed.

    These numbers are expected to increase in coming months. Officials in Illinois report that as many as 20,000 educators could lose their jobs in the state. In California, an additional 4,000 people may be put on notice.

    US Secretary of Education Arne Duncan stated earlier this week that between 100,000 to 300,000 public education positions in the US are in danger. A study conducted by the American Association of School Administrators found that ninety percent of the nation’s school superintendents plan to cut jobs in the fall. This represents an increase of about 30 percent over the previous year.

    http://www.globalresearch.ca/index.php?context=va&aid=18816

  • Anthony

    No kudos for me, Ferd.  Unfortunately, most of what I do is to navigate them through a system i abhor.  Because they’re either too afraid or frail, someone has to do the grunt work for them (filing their intake info, appear as proxy in L/T court, etc).  I wish there was an alternative, but sadly, there is not.  In the end, I feel like I’m not helping them at all.

  • Anthony

    “It’s wrong how we create a system that puts them out to pasture and demands they live on a poverty inducing stipend.”

    Many complain that the only alternative is to break the law to have enough buy essentials.  They won’t do that, and instead are forced to live in poverty.

  • Sassy

    We’ll close our eyes Onofre’s Arm! LOL!