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February 1st, 2010
09:00 AM ET

Can the president deliver on jobs in 2010?

When President Obama took office a little more than a year ago, the economy was on life support. One year and a $787 billion shot in the arm later, the economy is growing again but job losses persist– unemployment hovers at a painful 10 percent.

As the president begins year two of his term, he vows to roll out new programs to spur job creation. But how soon? Our Christine Romans reports.


Filed under: Economy
soundoff (36 Responses)
  1. George

    Many of the millions of hidden unemployed have simply been forgotten. They are no longer in the unemployment statistics. The employment market is not absorbing the 5 million yearly college grads. Add this to the 15 million people looking for work. The short 2-year span of the Great Recession have produced 25 million people (and counting) searching for work. US can no longer provide enough employment for it's people.

    March 5, 2010 at 4:45 pm |
  2. eddie

    More promises that Obama can't or won't keep. His and wifes spending on party and fly all over the world is the only thing they do for Photo opts and vacations. Their agenda is for black persons all over the world and here and the others just pay up. Then their living in the past and not for today or future, just look at the Lincoln talk and now about the civil war promotions. It is just self pitty and wanting more welfare for those with affirmative actrion. Not jobs or bringing back jobs because he does not get rid of NAFTA.

    February 4, 2010 at 1:47 pm |
  3. Paul

    Fact. Things will not improve with the job market or economy until someone deals with the real problem, Unions, Imigration and China trade. These are not popular issues and are likely to interfer with elections results but need to be addressed. Lets see who has the American Citizens interest at heart. Obama has proven its not him.

    February 4, 2010 at 1:40 pm |
  4. Brian Runson

    The failed logic employed by this administration has never and will never work. You can't create jobs by punishing the job creators. You can't raise everyone's taxes and then expect them to spend more money. Is that really too difficult to understand?

    Next time around, let's at least explore what qualifications candidates have before we elect them to the most important and powerful position on the planet.

    February 4, 2010 at 11:11 am |
  5. MACKTHEWACK

    sorry Cary for Freedom,
    Check the facts on Bush.. I used to be a hard core Republican, but, he drove theparty over the cliff. Cause of that ridiculous "war on Terror" which somehow managed to not even come close to catching the masterminds of 9/11 despite a trillion dollars spent. He pushed to end Paygo in 2002 which has cleared the way for this fiscal lunacy. You see, that nasty little stipulation that you have to have revenue to back up any new programs was such a pain... Well Clinton used it to hand "W" a 200 billion surplus which he somehow turned into a 1.2 trillion dollar deficit. I agree with you on Obama though... but totally disagree on Bush(Who was not a Republican in my world view)

    February 4, 2010 at 10:47 am |
  6. MACKTHEWACK

    Don't worry, right around election time a lot of people who were counted as unemployed will be exhausting their un-employment benefits and will be considered "Not looking". That will make the unemployment rate appear to "plummet" and voila !!! the rate will probably drop to 7%, thus saving the Dems from much embarassing statistics and giving them credit for "improving" the economy.

    And speaking of the DEMS, isn't it about time we changed the party leaders to maybe a younger couple that can actaully get something "passed". We had the house & senate yet when old "W" needed more money to carry on his boondoggle in Iraq, I thought they were break their spines bending backward. Despicable !!!Get some people who weren't around during the Lincoln-Douglass debates... Pelosi/Reid ... cash in all your lucrative pension and hang it up... You are both USELESS !!!

    February 4, 2010 at 10:24 am |
  7. Jim Demello

    I was a government employee for 6 years and saw such massive waste of time and effort. Projects would get canned with every change of leadership (every year or two) and we would start all over. Finally I got fed up and wanted to test myself in the private sector. It is true, in the private sector you have to perform (eg make money) whereas the government never has to be held accountable. Bigger government is just bigger waste.

    February 4, 2010 at 8:47 am |
  8. Cary for Freedom

    10% unemployment rate? More like 17% in some areas (CA). The USA average is probably more around 14%. The fact is that it has gotten much worse, not better since O came in. Even by his own guesstamate "admission" the % won't be reasonable untill 2012? Are you kidding me? That leaves him plenty of time with his supporters to further ravage our country! Keep fudging the numbers media wonks... Supporting liberals and progressives and spreading mis-information is what you do best.

    By the way, I'm an employed professional analyst in the financial industry for 20 years. I trust my own numbers more than the politicians. Why? Because I get paid to do my work in the private sector where we have to produce or go out of business. The Feds have no knowledge of that concept. When they go broke they just raise my taxes. Well.... I have NO MORE TO GIVE SO STAY OFF MY BACK OBAMA!!

    February 3, 2010 at 8:45 pm |
  9. Cary for Freedom

    WOW! I can see having my quotes checked for vulgarity, etc. But for CNN to have to "Moderate" my honest thoughts critical (or not) of this administration according to the "CNN Comment Policy" is inappropriate and un-American. People need to have an honest discourse on the direction of our country. Not a watered down version of discussion REEKING of CENSORSHIP by the media (no offense CNN)! I'd love to see my comments posted as I wrote them.... Still waiting...

    "Comments are moderated by CNN, in accordance with the CNN Comment Policy, and may not appear on this blog until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted."

    February 3, 2010 at 8:34 pm |
  10. VivaLasVegas

    The only jobs he's created recently is with the Las Vegas Fire Department!

    February 3, 2010 at 6:49 pm |
  11. Cary for Freedom

    It's already clear that O's policies ARE NOT business friendly and are actually SLOWING our progress in creating jobs. He does not want to create jobs. He wants people dependent on government so he can be King!! You O supporters out there are TOTALLY out of it when it comes to facts to prove your basis of support for this muslim, socialist, dictator wanna-be! You need to grow up, pull your heads full of denial out of the sand and realize America was MUCH better off without your beloved messiah!! Try studying math instead of pop culture for just a second. THEN, MAYBE you'll be able to put two + two together and come up with an opinion based on fact instead of indocerination. And, Obama nededs to pull his "worship Obama BS" OUT of our public schools NOW!!

    Obama has already caused sooo much damage it will take decades to recover from his recovery plan (which is nothing but part of a total leftist government take-over of our beloved country).

    President George W. Bush was and is 10 times the man that O (the ex-community organizer) will ever be. AND he was 1,000 times a better Commander-in-Chief (which is the Prez's MAIN responsibility)The Dems in Congress had every bit as much and more to do with our financial troubles than Bush did. You Bush haters out there have been brainwashed by the experts. I feel sorry for you poor, mis-guided wretched dorks. America IS a country of Capitalists founded by Christians in large part to exercise religious freedom. THAT WILL NOT CHANGE!! O and his band of communists days are numbered. We've put up with you leftists and "progressives" long enough. People gave O a chance and he blew it with his political power asperations which do America no good and causes a lot of harm. The true America has awakened finally.

    BYE BYE you "Progressives"!! See you in another 100 years when you have the guts to raise your itty-bitty brains out of the sand again... You don't seem to know it yet, but you're already on your way out! Go tell your sad story and cry about Bush to your mommies!

    February 3, 2010 at 6:14 pm |
  12. Ron

    I have a strong tendency to believe that the GOP is basically behind the outsourcing of jobs to other countries. They, after all, are the ones always supporting "big business" and are arm- in-arm with those large entities. Sure, there are some Democrats that also have ties to big corporations, but, for the most part, the Republicans are always against unions, against higher minimum wages and, of course, are against wage increases in general, so they are the party that has been in favor of the offshoring of OUR JOBS.
    I have to laugh at those voters in Ohio, who helped to put Dubya over the top the second time. Then they proceeded to see about 2 million more manufacturing jobs lost in their state. These jobs are NOT coming back – Obama or no Obama. Sad.

    February 3, 2010 at 5:33 pm |
  13. Lisa Wallace

    zzmook and BootC - loved your posts. Two of the most insigtful, unbiased comments that I have read to-date. The general public could take a lesson from you - stop relying on biased media sound bytes and partisan politicians with their skewed rhetoric to form your opinion!!

    February 3, 2010 at 2:16 pm |
  14. BootsC

    When asked this morning If he would enforce the laws or impose restrictions on trading with China the President hymned and hawed with the typical globalist political mu-gee-ha BS.

    Unless the playing field is leveled and trade laws enforced this country will continue down the path to becoming another 3rd world country.

    And for those thinking the republicans hold the answer I've got a Toyota to sell you.

    February 3, 2010 at 1:45 pm |
  15. Anna R. Illinois

    gmh,

    Have you been on another planet during the time George W. Bush was in the office? Who do you think put us in this hole??? You're talking about spending. I guess you forgot that the previous Administration left this Country with a deficit of 1.3 trillion dollars. They were spending billions of dollars each month for this unjust War in Iraq. They gave tax cuts for those most wealthy. Stop living in a bubble. President Obama is doing everything in his power to restore this Country. To bad that the Republicans are blocking every single attempt to fix this mess just to score some political points. Please wake up and pay more attention what is really going on. You can not fix 8 years of irresponsible politics in just 1 year. It takes time. Watch and be patient.

    February 3, 2010 at 12:16 pm |
  16. Jeem

    Take a look at nafta and other free trade agreements along with outsourcing. The middle class has been dumped so corporations can stick another nickle in their grubby little paws. Give Corps more money to hire americans and they'll hire more chinese for a $1 a day and stick more money in there porcine snouts. Make the corps hire americans and bring back the middle class and a future for our kids. Trust nothing to corporate greed. These people complaining about govt just haven't figured out how the corps screw them.

    February 3, 2010 at 10:50 am |
  17. gmh

    Carter tried spending his way out of a recession in the 70's and guess what ....it didn't work then and I dont think it will work 30+ years later. Since Big O took office its like he does not know what he wants to do and then does nothing.
    Being an AZ Republican I we can do is wait till 2012

    February 3, 2010 at 9:51 am |
  18. L. E. Burnette

    Ms. Romans;
    I have watched you on CNN for years and admire your work. However, there is an expression that you use which some of us find offensive; "Going South" as a metaphor for "going bad". I work with rural working-class Southern kids, many of whom are anything but advantaged. It is hard to explain to them why we do not use the "N" word for African-Americans, or the "K" word for Jewish people, but it is still okay in the media, especially with mainstream comics, to use terms like Cracker, Redneck, Trailer-Trash and expressions such "Going South".

    February 3, 2010 at 6:57 am |
  19. Rob(bed) in DC

    Deanna, put the the Kool-aid and use your common sense. The progress that "we" are trying to slow down is progress that the majority of the US citizens do not want (see NJ, VA, MA).

    February 2, 2010 at 8:49 pm |
  20. Rob(bed) in DC

    How can a person who has never owned a business much less held a job outside of community organizing understand what it takes to create job growth. This, coupled with the fact that he surrounds himself with these very same type of individuals. The short answer is no, he cannot create jobs unless they are govt. jobs.

    February 2, 2010 at 8:47 pm |
  21. Scottish Mama

    Mike the bubble started bursting in the real estate sector in 2004 and the job rate a month in missouri was 700,000. Some of us never went back to work so we are no longer on the radar. Bush new as early as may and we did not find out till Aug. or Sept. Bush tried to hand it over to the next president without even telling anyone but, it had was so bad they finaly had to tell everyone.
    So now we have a active, paticipating government and the repubs are crying. If you can't stand the heat, quit putting us in the pan.
    AAW Tax cuts to the middle class was given by Bush. You are wrong Middle class is the buying power and there are way more of them.
    Obama said we would have to have sacrefices, get ready to tighten your belts and roll up your sleaves. Notice the rich are crying when they have to give. When they had all the tax credits you never heard a word.
    Now the hard working middle classes are in need of break and the wealthy are having pity Tea parties for themselves.
    Unite middle class vote all repubs out of office.
    MA. you blew it.
    Nasa jobs are not necessity. They don't provide jobs for the middle masses.

    February 2, 2010 at 2:32 pm |
  22. JC IN KC

    The economy is so bad that people now have a poor credit rating, when getting job, employers look at your credit score or rating, if you have a bad one your not going to get hired!

    February 2, 2010 at 2:30 pm |
  23. Anna R. Illinois

    To create jobs it will take some time. Probably a long time to put most of us back to work. With that said, what about the people who are unemployed right now and can't find job? It looks like nobody is talking about them anymore. How they will support their families, pay their bills, care for their children???? Unemployment benefit extensions for those in need are put under rug. Neither President, Members of Congress, Senate or News Anchors are mentioning this topic. Why? Don't we matter anymore? I think we deserve better than that. Can someone do something about it? Deadline is approaching and there is nothing done so far. Act now before this Country will be put for another round of recession.

    February 2, 2010 at 12:29 pm |
  24. zzmook

    AAW – first off, it's spelled "vilifying" – secondly, Democrats are not against profit.

    Government spending can stimulate the economy, take a good hard look at the "socialized" programs that dug us out of the Great Depression – TVA, etc.

    Tax cuts for the middle and lower class work BETTER for the economy – the lower down the food chain you are, the higher % goes back into the economy – an economy needs churn, not rich people stashing all of their money away. That does good things for the even richer rich folks, but nobody else. You are contradicting the golden rule of the American economy – the engine is the Middle Class. Any economist will tell you that.

    What the Dems can do:

    Reverse the tax breaks companies were getting for offshoring and start incentivizing job creation and retention here in the USA.

    They can shift the tax burden upwards and make the taxation system more progressive, thus freeing up the middle class to spend more freely. We already had the lowest total tax cap and least progressive system of taxation in the first world before Dubya, and he just made it worse. In this era of ever widening pay scales between the common man and management, a rethink of who owes what is long overdue.

    Campaign Finance Reform – the single most important issue in America right now. While corporations deserve representation in some form, our system (even before the Supreme Court mess) is so slanted towards the financiers that the concept of ours being a representative Democracy is turning into a joke. If there's only one thing that we should socialize, it's our election process. Once you get your signatures, you get a schedule of airtime and debates that has been determined prior to the election. All parties get equal time and a government-sponsored web site – even the Libertarians and the Green Party and the other crazies. Election day should be a national holiday with a limit on shift time during polling hours. Polls should not close while there are people in line EVER.

    February 2, 2010 at 10:43 am |
  25. JD

    Only by expanding the Federal workforce which is well underway. Eventually, we will run out of revenue because the Supreme court has alreaady decided that you can't tax more than 100%. Federal workers are the royalty of the country and what they provide in value is not worth a 3 dollar bill. Meanwhile the Fed workforce continues to bloat. Instead of a fictional freeze, we should demand a 4% cut across the board of the Federal budget of 2009. Not a cut in future increases but a black and white cut. A 1 year freeze on hiring and other measures which most Americans are doing in their private finances.

    February 2, 2010 at 10:39 am |
  26. AAW

    The Democrats painted themselves in a corner before Pres Obama took office. They spent eight years villafying "tax cuts for the rich" and the word "profit". They can't reverse the current economic trend without contradicting themselves. Governement spending doesn't stimulate the economy unless your fighting a conventional world war. Tax cuts for the middle class don't work if you shift the additional tax burden to the wealthy (its the wealthy who have the buying power). They can't cut spending. They won't cut social programs because that will offend thier base and if they cut defense spending they'll get crucified in the polls. So it'll be interesting what they attempt because they can't do what they need to.

    February 2, 2010 at 7:38 am |
  27. RICHARD D. DUFFY

    Christine–you know the answer and its a big NO!
    NO FURTHER EXPLAINATION NEEDED.

    February 1, 2010 at 7:23 pm |
  28. David

    JOBS, JOBS, JOBS
    With all of the good jobs being shipped offshore to help the corporations bottom line HOW are we going to create JOBS, JOBS, JOBS.
    Small Business(SB) jobs are ok, but can't pay health care,wages, pensions like the big corporations can, SB can create JOBS,JOBS, JOBS but the middle class becomes the lower class because SB can't afford it because of profit margins.
    Now the Change President has stopped what Pres Kennedy dreamed of going to the moon. Mr. Pres if you want to create JOBS, JOBS, JOBS fly to the moon,mars and beyond. Sell some of the space shuttles to China and Russia with launch facilities and support staff. Then build a fleet of shuttles and the Aires to create good paying jobs with bennifits. Mr Pres that would create an endless stream of JOBS JOBS JOBS. Replace the out of control defense budget with a controled NASA Budget.

    February 1, 2010 at 6:20 pm |
  29. Deanna

    He can and is doing a good job at creating jobs and saving jobs for America. However, there are those that will see the glass as always half empty , complain about everything and do what they can to slow down progress.

    Look at Governor Bob Riley trying to shut down Country Crossing in Dothan Alabama today. Huge waste of tax payer money deploying State troopers to raid this past week. If Riley succeeds in closing them down it will cost over 1000 + jobs. Plus the businesses that support Country Crossing will also suffer, not to mention the revenue that will be lost for Houston County and the state of Alabama.

    Is CNN covering this story? The people of Alabama could use the support.

    February 1, 2010 at 4:39 pm |
  30. Brad Sheward

    Not until he does something to stop outsourcing and offshoring. If you give companies money/tax breaks to create jobs and they create them overseas or move the work overseas for cheaper labor then America loses. When a company makes a profit, it doesn't help John Doe if the work goes elsewhere. Americans need jobs to help our economy. We have to be working to keep a spending based economy moving which is what we've become here in the USA..

    February 1, 2010 at 3:25 pm |
  31. aug2wash

    Until he works for business to expand instead of Government it is hard to see job growth. Small businesses hire a lot of people but I do not see any insenative for them to grow. Government growing is not the answer but I guess its better than nothing even through in the long run its the tax payers paying for those added jobs.

    February 1, 2010 at 3:23 pm |
  32. JB

    Stop CEOs from sending jobs to China,and exploiting poor Countries for cheap labor.

    February 1, 2010 at 3:07 pm |
  33. Docmartin

    Mike Lambers' comments were right on. Americans should be informed of these facts every single day until Obama is forced to enact policies that will stimulate small private sector businesses to hire more workers.

    February 1, 2010 at 3:03 pm |
  34. Mike Lambers

    The last time I checked, the only jobs the president has control over are federal government jobs. He cannot create or save jobs in the private sector. He can make policy changes that will make it easier or more difficult for the private sector. So far, he's making it more difficult. And the other shoe, known as inflation, hasn't dropped yet.

    Until employers know what's going to happen possible legislative changes that affect them directly, such as health care reform, cap and trade, and the like, they are going to sit tight or even hunker down, that is, slash costs, lay off, save up for the next wave of the storm.

    In the view of many business people, the O Administration is anti-business, anti-capitalism, pro-socialism. That agenda is an absolute job killer, unless you don't care about private sector jobs, and only want to grow government. But of course, eventually the bubble will burst, because the the debt burden will crush the government if the private sector shrinks, because the tax base will shrink with it. When debtors, mainly China, sees this happening, they'll stop lending. Then the last one out of Congress can turn out the lights.

    February 1, 2010 at 11:10 am |
  35. rober/reb

    Yeah! See Government Grow! Average american gets payed $30'000

    Government worker $71.000 with life time beneifits, change that you can't get back!

    February 1, 2010 at 10:30 am |
  36. Mike

    Not when he proposes a budget with a 1.6 trillion deficit. The federal govt should pass a balanced budget that has slashed both spending and taxes so that businesses and individuals have money available to increase their productivity.

    February 1, 2010 at 10:06 am |