What should be done to create more jobs?

With the unemployment rate stuck at 9.5 percent in July, we’re still in a terrible job market 31 months after the recession began.

If this is an economic recovery, it’s an awfully shallow one. Nearly half of the unemployed have been without work for more than six months.

What should be done?

Should the expiring tax cuts be extended? Including the break in estate taxes for the wealthy?

Should the government hit the stimulus accelerator, despite the growing federal deficit?

What’s going to get the private sector to start hiring in big numbers again?

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184 comments Add your comment

Bubba

August 6th, 2010
8:57 am

Obama’s new plan for creating more jobs: Conduct the Census every year.

James Land

August 6th, 2010
8:57 am

Bring jobs back from China and Mexico.

Stan

August 6th, 2010
9:01 am

Even the NYT described June’s 82,000 new jobs as anemic, and now 71,000? Very disheartening.

MiltonMan

August 6th, 2010
9:04 am

How about a new president since this one could not keep his promise on keeping unemployment under 8% with the passage of the stimulus package?

Dave from GT

August 6th, 2010
9:06 am

At the end of this journey, we will be much more like China than visa versa.

Wages will be way down, health care socialized, but with most manufacturing outsourced to other countries (China).

Bring back the invention, stop shipping manufacturing overseas.

The manufacturing jobs created, however, will not be union jobs, they will be comparable to what the Chinese have now.

Talk about the seeds of revolution!

Wait till all those union workers realize that they will have to compete with non-union, communist controlled workers.

Better make sure we invent stuff that others can’t build, but others will buy en masse.

Otherwise, life as you know it will be forever changed.

Dan

August 6th, 2010
9:07 am

Ok MiltonMan, and what is your suggestion for the new President to help create more jobs? That’s the topic. Yes, the stimulus plan did not keep unemplyment down as initially hoped. That’s when you regroup and try again with a new plan. Complaining about the plan that didn’t work is unproductive and merely a game for the partisan crowd.

Ambrose

August 6th, 2010
9:10 am

As a Human Resources professional who has witnessed quite a bit in my career, I can say without reservation that If we got rid of Affirmative Action programs, that would at least cut down on the number of QUALIFIED, INTELLIGENT and COMPETENT people being unemployed.

Elliot Garcia

August 6th, 2010
9:10 am

Small businesses create jobs but Obama could care less.

Ouch

August 6th, 2010
9:16 am

Vote out the socialist in 2012

Nobama

August 6th, 2010
9:17 am

Obama could care less, he’s more concerned with jamming through his hyper-liberal agenda.

Or he’d rather get involved in local police matters in Massachusetts, hang out with the harpies on “The View” or send his wife on vacation in Spain with an entourage of 70+ people.

He’s also chomping at the bit to start on him immigration “reform” so that he can instantly create a bunch of new democratic voters.

Dave from GT

August 6th, 2010
9:19 am

Some basics for some of you service sector celebrants:

In order to create wealth, you must invent something that you can sell to someone who is willing to trade you their time i(or something else) in exchange for that item This is the barter system, but is at the heart of all economies. Money is just the facilitator.

Now, we used to make cars here, we used to make TV sets, we used to make a lot of thing……. and we sold them to people who were willing to buy them at our price.

Going back to the beginning….. I build something that can save you time, that you can’t build yourself. It takes me one hour to build it, the product saves you the buyer 8 hours. You trade 6 hours of your time, saving 2 hourss for yourself. I use that 6 hours of your time to make more, then sell en masse. Voila, I become a billionaire. Doubt it? Think Microsoft baby!

If we want to prosper in the country, we better get back to the basics, because the Chinese are!

Service sector jobs??? Government jobs???? these are distractions.

Remember , as Conan’s father said, the riddle of steel. At the end of the movie steel cut thru all of the BS, and the BS artist didn’t have a head…… despite all the BS. Steel cuts flesh every time in the end.

And if we don’t create wealth here in the USA, we won’t stay wealthy very long!!!

Joe

August 6th, 2010
9:24 am

What could be done to promote new jobs? Easy answer, get rid of the job-killing president you fools elected on a false premise of hope and change.

Palin the Demague

August 6th, 2010
9:25 am

The “Great Ronald Reagan” had high unemployment for a total of 40 months. In second year in office it reached 11%. He also accelerated double digit inflation. Remember C.D.s with 18% in the mid 80’s?

TheLoneWatchman

August 6th, 2010
9:28 am

1.Repeal NAFTA & GATT

2. Issuance of long-term bonds for the construction of NAWAPA, North American Water & Power Alliance to irrigate the Rocky Mountain watershed.

3.Commit to construction of mag-lev rail system from Atlantic to Pacific & Gulf coasts &from Bearing Straits to Tierra del Fuego
See details at http://www.larouchepac.com/infrastructure

Chess

August 6th, 2010
9:31 am

Ambrose, What have you witnessed that makes your vague point valid? I have seen people hired because they were “great guys” who don know jack.

Dan

August 6th, 2010
9:34 am

Not an Obama loyalist by any stretch, however I find it amusing that people continually place the blame on him without being able to quantify it. Look at these posts – at least have the intellect to state what policies you disagree with and that you believe are harming the job market.
Or to play your game, let’s elect a new President. If his/her first plan to fix the economy doesn’t take hold immediately, do we then replace him/her again? Are we looking for a President with the Midas touch?

HR Director

August 6th, 2010
9:35 am

In my industry, I work with clients all over the US. The number one complaint I hear from them, is that they can’t find people to work, and those that do don’t stick around after a few weeks. Here in Atlanta, there are several companies that are hiring, but no one wants the job. Granted, these jobs only pay $8.00 to $10.00 per hour, but they are JOBS! I think people focus too much on the “what’s the pay rate” which is VERY short term thinking. Long term thinking is saying “it’s not the ideal job, but at least I’m in the door. Now I need to see how far I can go with this organization”. If you only focus on the pay, you’ll stay unemployed for a very long time.

Chris

August 6th, 2010
9:39 am

So all you Obama supporters, how you liking his “Razor Sharp Focus” on jobs?

Dan

August 6th, 2010
9:44 am

Again, in an effort to further the dialogue…

Chris – what do you think Obama should be doing to create jobs? what has he done that you disagree with?

Dave from GT

August 6th, 2010
9:44 am

Mr. HR Director is making my point exactly !!!!

Rick

August 6th, 2010
9:44 am

Change tax code to discourage/penalize the movement of jobs offshore, stop the H1-B visa program, start up E-Verify to deny jobs to illegal aliens and harshly punish employers not using E-Verify!

Palin the Demague

August 6th, 2010
9:46 am

@HR Director,

How wrong you are. Jobs that offer low salaries, or hourly rates, are being withheld from people willing to take a “get by job” until things improve. I have interviewed for jobs that don’t pay that well, one was for $34K, and have been told we can’t pay you enough. You can’t live on this and even if we do decide to hire you, once the job market picks up you’ll be gone. (I’m not the only whose experienced that either.)

WHAT?

August 6th, 2010
9:53 am

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
Thomas Jefferson

Obama’s spread the wealth BS is killing the job market as well as any chance of an economic recovery. The only way we will get the unemployment rate down is to vote out the socialist controlled congress and senate in 2010 and make sure that the inexperienced, uninitiated socialist current occupant of the white house who was voted in as an empty headed fashion statement gets booted in 2012! HOPEY CHANGEY…. YEA RIGHT!

Steve Shell

August 6th, 2010
9:53 am

HOPE & CHANGE!!! The President’s worth nearly $8 million and he and his family have the BEST (not Obamacare) healthcare in the world. It seems like ever since he passed his health care plan, he clocked out and never clocked back in. He does lead all Presidents in number of vacations.

Dan

August 6th, 2010
9:57 am

Lots of opinions presented here, not many facts…

Ouch

August 6th, 2010
9:58 am

Palin,

Sounds like the issue is you and your “job skills”. If someone told you they can’t pay you enough they are trying to “let you down easy” because you do not meet criteria employer is looking for. Sorry but that is the truth.

Dave from GT

August 6th, 2010
10:03 am

Eneter Obama…….. how many wealth creating jobs has he created by his own effort in his own lifetime?

This skill in not in the community organizer’s bag of tricks.

So either he hires some one who can make that happen to do that for him, or he sets up conditions for those who can make that happen….. to make it happen.

Obama seems to be in a high stakes game of Texas hold em…. He thinks that these entrepreneurs will do there thing eventually…… because if they don’t … they will starve.

Typical city mentality. The entrepreneurs will simply grow their own food! So Obama’s cronies will starve befor the entrepreneurs will.

Since he can’t create jobs himself, and can’t seem to hire anyone who will…. then he had better stand down on the anti-entrepreneur practices.

Getting rid of the 600$ 1099 requirement of 2012 would be a good start. Eles, the entrepreneur will go elsewhere and leave the Obamas of the world to organize the non-working, welfare sucking masses that are the witless victims of his practice and policies.

Ouch

August 6th, 2010
10:06 am

Dan,

A question for you as you like to throw them out…….what policy has Nobama put in place, or attempted to put in place, that would encourage job growth?

Robert

August 6th, 2010
10:06 am

Businesses can do alot more to create jobs. For the first time in our history all Americans see how politics (democrats, republicans, independents, etc.) can affect our way of living. It should not surprise anyone who to blame. Our elected officials in Washington, D.C. are acting like “children” and we the American people are paying a high price. For example, the federal government bailed out banks and other financial institutions without any requirements from them (TARP). Bank of America and Wells Fargo the #1 and #2 mortgage lenders in this country have not hired enough people to process incoming loan modification application. Bank of America has stated this year they have received millions of loan modification applications, processed a few hundred thousand and approved less than 50,000 loan modification applications. Homeowners are waiting up to 6 months or longer to receive services which is unacceptable. The federal government should have made it a requirement for banks who took the TARP money to hire additional employees to handle the government sponsored loan modification programs for home owners who are trying to keep their homes. Newly installed Bank of America CEO Brian Monihan (out going CEO Ken Lewis hand picked crony), during the last shareholder meeting in Charlotte, NC said “the consumer loan business is not profitable and his strategy is to focus on commercial loans and international business opportunities.” Mr. Monihan did not mention the back log of loan modifications applications sent to BofA around this country or his strategy to meet the consumer demand for this government sponsored program. BofA and Wells Fargo have the same strategy when it comes to consumer loans and both banks should have hired thousands of people to meet this consumer demand. Who is responsible for monitoring the government sponsored TARP program? Why did congress allow this to happen without consequences to thier actions? This is just one example on how to create jobs in difficult economic times.

Dave from GT

August 6th, 2010
10:10 am

TARP benefit administrators do not create wealth. Keep your eye on the ball !!!!

These positions are little more that government funded lackey, service sector, non-entrepreneurial positions designed to feed the worker and little else.

What??

August 6th, 2010
10:12 am

34K is not proverty wage…. I have been hearing there is not a lot of qualifed workers out there…

vantari

August 6th, 2010
10:13 am

If a person in unemployed for more than 6 weeks, it is likely he/she will not find work anytime soon. Why not provide state funded work for these people, in their field of competence by reason of education or experience, instead of granting them funds for sitting at home doing nothing? They would be allowed to take time off to go to job interviews. State funded work would provide for the many social and ecological needs that we have that are not performed in the private sector because they do not generate a profit. This would provide work for the unemployed in jobs they would enjoy doing as volunteers.

TnGelding

August 6th, 2010
10:13 am

The estate tax is the only one that should be kept; it will produce revenue for all eternity if left for the heirs. The long-term unemployed are going to have to take anything they can get until they can acquire new job skills through education or experience. Congress, the WH and corporate America have to wake up and understand the market for consumer goods is right here in the good ole USA and stop focusing on exports.

Dan

August 6th, 2010
10:14 am

That’s why I’m here, Ouch, to get some ideas. I don’t have the answers, however I’m intelligent enough to know that to blindly rail against someone isn’t going to solve the problem. To quote your post, the solution is to vote out the socialist in 2012. You think that solves the problem? Ok. Who is then voted in? Based on your posts, I would assume you hope a Republican. So I put it to you, as it was your suggestion – what policy will your newly elected Republican president put in place to encourage job growth?
“I hate Obama” isn’t a proposed solution, people.

Emory Texan class of '09

August 6th, 2010
10:15 am

Reduce taxation, create MORE free trade agreements (not Less), improve education (not through funding, but through efficiency like vouchers), LOWER taxes (you can do this by reducing education expenditures by 2/3rds with a voucher system but still have kids 2 grade levels ahead of where they are now [this was a govt study commissioned under Obama so before any Dem rips aparts vouchers, read the stats]), Lower regulation and red tape, decentralize power from DC (allowing states to test policies to see what works and what doesnt regarding regulation/taxation/education/etc), and MOST importantly, address long term unfunded social programs (I’m looking at you Social Security) by setting the age limit that benefits kick in at life expectancy [welfare would still exist so if you are broke and 76, you will still get money], and reform medicine to make government LESS invasive so that paperwork and admin costs go down (the reason costs have gone up and for evidence I tell you to look at UNregulated plastic surgery costs which have stayed steady). All these will make the country more business friendly and reduce instability and uncertainty that has tied up capital in this nation.

TnGelding

August 6th, 2010
10:18 am

How many sore losers shut down their businesses when Obama was elected Instead of paying “massive” tax increases, which in reality will be very modest? Come on fellas and gals, get back in the ball game. Or stay on the sidelines and let some youngster get started, It will just take a little longer.

TnGelding

August 6th, 2010
10:22 am

Adjusting the COLA and eliminating the pay cap would fix SS. Do you think those making over the max sit around counting the days until that extra 6.2% shows up in their direct deposit?

A.S.Mathew

August 6th, 2010
10:23 am

At first, let the customers see the “made in” sign of every product and if they are not made here,
if at all possible avoid buying them. We lost our industrical base to foreign countries, and
through outsourcing, we got into farther troubles. The U.S. government can’t declare a
policy of protectionism, but the customers can take actions as their own.

Census jobs and painting jobs of bridges or cutting grass on the highway won’t create jobs, because
none of them are creating anything for consumption. The U.S. must take an all out strategy of
exporting whatever we can export, also more domestic consumption of U.S. made goods.

There is no quick fix to this unemployment problem, because the root cause of this problem was
started years back; when the industrialists began to put factories in other countries, thus
exporting our jobs overseas.

As more jobs are being lost every day, the vicious cycle of low growth will lead into more
serious economic troubles every day, by more lay offs everywhere-less consumption-less
demand-less production-more lay offs. Only God knows, how to solve this problem.

TnGelding

August 6th, 2010
10:29 am

Making it cheaper and less complicated to run a business in this country would go a long way in creating jobs. Shifting the entire cost of FICA to the employees over 7 years and eliminating all other federal taxes would be a good start. The consumer pays them anyway through higher prices. And what about reducing advertising? How much does that add to the highly adverised products? You can buy the unadvertised store brands made by the same companies for half the price. Madison Avenue has the average consumer brainwashed.

Truth about Reagan

August 6th, 2010
10:29 am

Palin the Demague, first of all learn to spell. The word is “demagogue.” Secondly, the unemployment rate during the Reagan years declined from 7.5% to 5.3%. And, third, inflation during the Reagan years fell from an average of 12.5% during the Carter Administration to 4.4% in Reagan’s last year in office. Despite not getting the promised spending cuts from the Democrats in Congress, Reagan’s economic policies created the longest peace-time era of economic prosperity in the history of our nation. It also worked for Calvin Coolidge, and it also worked for JFK. You can try to rewrite history, but as has often been said, “Facts are stubborn things.”

TheLoneWatchman

August 6th, 2010
10:31 am

The American System of physical economics as proposed by Alexander Hamilton & Henry Carey & put into practice by Dewitt Clinton, Abraham Lincoln, Franklin Roosevelt, and John F. Kennedy creates wealth & jobs by infrastructure development. The construction & maintenance of dams, bridges, canals, railways, water & sewer systems, power generation & distribution networks is the foundational economic process which creates the platform on which ALL other economic activity depends. The Erie Canal, the trans-continental railrorad, the TVA, NASA’s Apollo program, & other similar massive undertakings made America the engine of prosperity & opportunity which we remember. What’s needed now is a TVA/Apollo/trans-continental railroad project for the 21st century. NAWAPA, the North American Water and Power Alliance, to irrigate the Rocky Mountain watrershed is the TVA for the 21st century.
See details at http://www.larouchepac.com/infrastructure

No jobs

August 6th, 2010
10:31 am

I lost my job in marketing support 9 months ago and haven’t had any offers. Even the low rent mall stores get 500 applications for some minimum wage job. So much for the BS about the economy improving. It’s getting worse by the day. but, more bailouts of big corporations are on the way.

Jason

August 6th, 2010
10:35 am

“…reform medicine to make government LESS invasive so that paperwork and admin costs go down (the reason costs have gone up and for evidence I tell you to look at UNregulated plastic surgery costs which have stayed steady).”

That’s because plastic surgery is elective, and therefore not covered by insurance. Insurance companies–not the government–create onerous paperwork and exorbitant administrative costs for doctors.

Palin the Demague

August 6th, 2010
10:38 am

@Ouch,

The point is that HR Director stated there a lot of jobs available that cannot be filled because people don’t want the jobs because of the pay rate. Don’t focus on that or you’ll be out of work for a long time. I know this person is wrong. Also, please read the entire comment, I am not alone with this experience. It’s gotten to be quite common to find a convenient excuse to not hire the unemployed or those fresh out of college.

Unemployed graduate

August 6th, 2010
10:39 am

I have a BS in biology, a MBA in International Healthcare Administration, and a doctorate of Chiropractor. And I’m unemployed. Have been for 8 months. I have applied for jobs paying as low as $10/hr, and haven’t gotten them. I have too much education, but not enough experience. Or I have too much education, but the employer is worried I will jump ship for a higher paying position.

I am the new unemployed. I have the brains and talent to do any job, so do a lot of people, but we aren’t being hired. Instead of blaming Obama for everything that is wrong in this country, hire me, hire us. We want to work. We’ve done everything possible to be attractive to hiring managers, yet they aren’t hiring us. That’s the problem.

TnGelding

August 6th, 2010
10:40 am

A.S.Mathew

August 6th, 2010
10:23 am

You’re right, it started decades ago. The chickens have come home to roost. BUY AMERICAN! Let the cheap Chinese products rot on the shelves. Foreign companies with factories here are building them for us, not shipping them back to their countries. Our companies build overseas and ship them back here. What a business model. The waste of precious resources for transportation make it short sighted at best. Where would the economy be if the 8 million released had been kept on the payrolls, even if it did reduce the bottom line a little? And how much was wasted in severance pay? But we have plenty of jobs, we just need to get those needing them the most in them. Those that are financially secure for life need to retire or do charity work. That’s why the age for drawing SS was reduced to 62, to open up jobs for the younger folks.

RGB

August 6th, 2010
10:40 am

Obama’s plan is to continue to get more people dependent on government. Exerting control–not reducing unemployment and improving the economy–is his only focus.

What would a non-socialist president do to boost the economy immediately? He would give a prime time address to American citizens on Monday night and convey the following:

1. I will rescind my government takeover of health care and will not pursue it again as long as I am in office. Instead, I will provide the Congress with direction aimed at instating remedies that reduce costs by providing incentives for people to self-manage their health care costs.
2. Effective immediately, the Bush tax cuts will be made permanent.
3. I am issuing an executive order immediately that will end the Death Tax, thereby enabling families to keep small businesses alive after the death of the founder.
4. My pursuit of Cap and Trade legislation that would add $3,000 in costs to each American family has ended. I will never again seek to impose this costly legislation on Americans.
5. I will direct the head of the EPA not to attempt to regulate carbon dioxide emissions as this responsibility falls on the legislative, not the executive, branch of government.
6. Under my authority as President, I have ordered a hiring freeze for government employees that will last until the end of my administration. Further, I have ordered a cut of government employees and private contractors of 10% effective six months from this date. As families and private businesses tighten their belts, government must set an example in an effort to demonstrate that “we get it.”
7. As President, I am requesting that the Congress lower the capital gains tax rate to zero.
8. Additionally, I am requesting that the Congress permanently lower marginal income tax rates on individuals and businesses to lower the breakeven point for both businesses and families and reduce the burden that government places on them.
9. Because Government has no business competing with private entities, I pledge to remove government from an ownership position in private businesses. By year’s end, the federal government will no longer have an ownership stake in GM or Chrysler. By the end of the next year, the government will no longer control Fannie Mae, Freddie Mac, or be in the student loan business.
10. Effective immediately, all czars who have been named will have their positions eliminated. These individuals placed additional regulatory burdens on businesses–and my administration will no longer allow this.
11. Finally, I have ordered that all unspent stimulus dollars be retained and that all future government budgets reflect a zero percent increase. If Congress wants to spend money for a new program, it must end an existing one.

God Bless The United States of America.

TnGelding

August 6th, 2010
10:43 am

…and God bless planet Earth and all its inhabitants!

Joe

August 6th, 2010
10:45 am

Dan,
“I hate Bush” or more appropriately “Anyone but Bush” is the ONLY reason this president got elected. Obama couldn’t run a hot dog cart- and never even had done that- and even if he could he’d need the unions telling him how to put the mustard on. Thats what happens when we elect a president based on a false premise of hope and change.

Dave from GT

August 6th, 2010
10:46 am

RGB, the guy is a community organizer. Your speech outline will not happen out of the mouth of this one!!

Maybe the next president race should have a candidate that offers this to the people. If…. there are any left that are not dependent upon federal largess in order to survive.