This is getting ridiculous.
Now would be a really good time for Obama to re-think the Keystone Pipeline. And Dodd-Frank. And Obamacare. And ANYTHING the EPA rules against outside of its own cafeteria.
Maybe lobbying and regulating against measures that would create jobs isn’t the right message a presidential reelection aspirant wants to project to the American people.
It occurs to me that maybe- I’m reaching here- the American people value the… um… jobs that would come along with the pipeline.
About 200,000-300,000 jobs would be created by the $7 billion pipeline project according to various estimate, including the estimates from Trans Canada, the compny that wants for build the pipline. A few jobs in the energy field tend to produce lots of other jobs. See: Dakota, South.
Because on Friday any president looking to be reelected got the worst of possible news outside of the Eurozonehr>
The Bureau of Labor Statistics just reported that the number of jobs that were created last month here in the USzone is roughly half of what economists expected, even in their worst case scenario, raising unemployment faster than people are leaving the job market.
That’s pretty darned fast.
Because up until now the only thing Obama’s done to help alleviate unemployment is to get people to stop looking for work. And as they stop, they help the “official” unemployment rate go down when people are subtracted out of the workforce.
It’s so bad that I half expect Obama and his own Mortimer Snerd, Jay Carney, to say that the real problem with unemployment is that “freakin’ people keep looking for jobs. If they’d just stop and claim to be disabled, unemployment would be solved. It can’t be constitutional for people to be looking for jobs this late in my reelection campaign.”
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 24th, 2014 | John Ransom
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