John Ransom

This is all you need to know about Obama’s economic program to understand why joblessness remains so persistent:

The number one recommendation that the White House economic team and his jobs council – a council made up of the two top executives at GE and American Express- can come up with to jump start our economy is spending $2 billion on remedial training for our high school graduates.

It’s true. This is even worse than the energy plan that Obama proposed that had no new ideas.

The training is necessary, they say, so those graduates can fill the millions of jobs available today in manufacturing.  Manufacturing what? Burgers and fries?

For the last week President Obama and his Council on Jobs and Competitiveness- a council that’s supposed to be jump starting hiring- have been going around the country claiming that there are 2 million manufacturing jobs available right now that are going unfilled because the U.S. doesn’t have the skilled workforce to fill those jobs.

It gets worse.

And they are making the pitch to spend $2 billion to try to remedy this problem.

It gets worse still.

“There are more than two million open jobs in the U.S.,” writes Obama’s Jobs chiefs Jeff Immelt (GE) and Ken Chenault (American Express) in the Wall Street Journal, “in part because employers can't find workers with the advanced manufacturing skills they need.”

The Los Angeles Times cited the same figure on the 13th of June saying that Immelt’s and Chenault’s council would recommend to President Obama that the country “Develop training partnerships with community colleges and vocational schools to help fill what they said were more than 2 million job openings in advanced manufacturing in the United States.”

Obama did a dog-and-pony show at a community college that teaches students how to work on hybrid vehicles to showcase this advanced manufacturing training. I covered the event in a previous column, Obamanauts Flunk Word Problem

The problem of course is that the 2 million advanced manufacturing job openings that Obama, Immelt and Chenault are talking about really don’t exist.

Why doesn’t it surprise me that Obama, Immelt and Chenault would feel perfectly comfortable lying to the American people about job openings that don’t actually exist?

But wait, it gets even worse still.  

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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