American Morning

Tune in at 6am Eastern for all the news you need to start your day.
August 3rd, 2011
05:58 AM ET

Talkback: Who do you trust to create jobs?

In another blow to America's unemployed, labor market experts have said that the deal to raise the debt ceiling, enacted yesterday by President Obama, is unlikely to jumpstart growth in job hiring.

Some economists fear that the $2.1 trillion in spending cuts called for in the agreement will slow the economy, although many Republicans who campaigned for the cuts argue its too soon to tell.

Talkback: Who do you trust to create jobs?

Let us know what you think. Your answer could be included in this morning's broadcast.

Filed under: AM Asks
soundoff (27 Responses)
  1. Charles Queen

    The major company's and industry's of this country could easily start making jobs available.They have been sitting on record making profits for very long time and will not budge one bit to use any of it for job creation.The major bank that got bailout money are doing the same thing.Their not about to let people borrow to star small buisnesses.The small banks etc on the other hand are doing their part.Obooboo is'nt gonna do anything because he simply has no idea as to what to do.He has no experience in economics at al much less anything else so he's out of the pic.He can't even come up with his own budget plan.The deom's save for a handful of are not going to do anything either.Fisrt off.The NAFTA was a huge par of our downfall without doubt.Obooboo's health care plan has small buisneses closing their doors everyday and relocationg to other country's because they cannot aford the tax's for the health care plan so there's more people losing jobs everyday.We need to reopen oil drilling on and off shore,thats going to create thousands of jobs easily.Keep mining,that too is going to make more jobs available.I know this has been said before but legalize marijuana for adult use nation wide.The tax revenuses from it which were projected using conservative figures meaning it will be a whole lot more would erase the national deficit within 2-3 years easily and put every state in the black again within 1-2 years easily.Would creat countless amounts of jobs.Would end the dwindling s.s. funds,no cuts in medicare-aide.The mega billions currently being wasted at the federal level in a useless attempt tp try to keep pot away from the people would go a long way's to maing jobs available and help our much need social programs.The mega millions wasted at the state level which is also a usless attempt to stop marinuana would go a long ways tp help the people in every state.It would hurt the mexican drug cartels on a mamoth scale.It would also put a huge dent in the sales and use of heroin,cocaine,meth and prescription pain pills as well.More people would gravitate to useing marijuana instead of juping right into the bad drugs if it was legalized.Legalizing marijuana go's a very long ways from just being able to get high with it.Economicaly it would be literaly a gosdsend to the government and the states as well

    August 4, 2011 at 12:21 am |
  2. Norm

    Living in Israel I have learned that programmes to encourage individuals to develop their ideas work. Israel has one of the lowest unemployment rates, if not the lowest, in the world. Read the book "Start Up Nation" and you will get a sense of how the individual can make a difference

    August 3, 2011 at 7:04 am |
  3. Rick

    Tea Party and Republican continue to heavily back tax breaks for large business and the wealthiest, in exchange for big cash contribution to both Tea Partiers and Republicans!! I hope I’m wrong, but I think these companies will not begin to hire until Pres. Obama leaves office. If they hired people the % of unemployment decline and Pres Obama approval rating would increases under a Dem Presidency. Republicans-Tea Partiers are not willing to let this happen under any circumstances!!!! They said in the mid-term election “We will not work with Pres Obama, we’re only here to get him out of office,” and I truly believe they are trying very hard to do this at America cost!!! I believe many Tea Partiers are in day to day communication with many of these large corporations regarding their overall objective for gaining the White House and Senate, in return a increase in large corporation wealth.

    August 3, 2011 at 7:02 am |
  4. AC

    I don't trust the Fortune 500 companies to creat jobs. Personally I think they are purposely not hiring to make President Obama look bad in hopes of preventing his re-election. It is no secret that most Fortune 500 CEOs are Republican leaning due to their greed. No one is really talking about this even though it is as visible as the trees are in the forest.

    Puerto Rico

    August 3, 2011 at 7:02 am |
  5. Frank

    To get the 2 trillion on Wall street to invest in America, why aren't Infrastructure bonds introduced and sold on the market? The investor's would make money on the interest, jobs would be created, unemployment would come down.

    August 3, 2011 at 7:01 am |
  6. Kerry lynne, Rogers City, MI

    Its hard to trust anyone in the current government to create jobs. So far they are doing a lousy job of it. It looks like the best hope we have for creating jobs would be the rich companies and people spending some of their money to build new business' and creating jobs. I wonder if anyone has considered how hard it is to find a job when you have been unemployed a long time? Here's to hoping....

    August 3, 2011 at 7:01 am |
  7. Greg

    Have you seen our obesity rates? We can trust jobs to be created at fast food restaurants and hospital cardiac wards.

    August 3, 2011 at 6:59 am |
  8. Rick

    Tea Party and Republican continue to heavily back tax breaks for large business and the wealthiest, in exchange for big cash contribution to both the Tea Party and Republican campaign fundraising!! These companies will not begin to hire until Pres. Obama leaves office, because if they hired people the % of unemployment decline and Pres Obama approval rating would increases. Republicans-Tea Partiers are not willing to let this happen under any circumstances, they said in the mid-term election “We will not work with Pres Obama, we’re only here to get him out of office,” and I truly believe they are trying very hard to do this at America cost!!! I believe many Tea Partiers are in day to day communication with many of these large corporations regarding their overall objective for gaining the White House and Senate!!!!

    August 3, 2011 at 6:59 am |
  9. John, Las Vegas Nevada

    I had studied economics when I was in school many years ago. Also, I remember a high school teacher had said that World War II had ended the Great Depression. I decided on a simple exercise. What was the relationship between the unemployment rate, and the percent of the Gross National Product (GNP) spent by government during the period of time from 1930 to 1950. I found that the unemployment rate was about 13% in 1940 when 20% of the GNP was spent by the government. In 1942, it rose to 30% of the GNP, and the unemployment dropped to 6%. In 1944, it rose to 50%, and the unemployment rate dropped to a remarkable 2%. It was a time of "Rosey the Riveter." Today, about 70% of the GNP is consumer spending. Confidence is at an all time low. The unemployment rate has remained high for three years.Job creation in the private sector has not happened to offset reductions in the government sector. My prediction is that there will be no improvement in the unemployment rate until consumer confidence is restored. And this is not happening.

    August 3, 2011 at 6:58 am |
  10. Victor Greedy

    There are two governments in the United States, the federal government and the corporate government . The federal government is subservient to the corporate government . Thus, the federal government can do very little to create jobs it depends on the will of the corporate government. Nothing can be done without the approval of the greedy bastards who control the media, the insurance companies, the banks, the oil companies, etc. This is the sad reality. It is a form of perverted capitalism.

    August 3, 2011 at 6:50 am |
  11. Scott Reeves

    Jobs are created by companies large and small who need help to provide their product. No one else can or will do so.

    Government can facilitate or get in the way. Right now it seems to be getting in the way. I feel this way because I sold my business in order to get away from the constant flow of regulations which I had to conform to instead of working my business. I also once calculated that the federal government made more money from my business than me and my employees together.


    August 3, 2011 at 6:47 am |
  12. Dondegirl

    Difficult question. I trust the President and Dems. NOT the GOP, Big Bus or High Courts. What a shame.

    August 3, 2011 at 6:43 am |
  13. kelly

    I certainly don't trust those who protect the big corporations even though they have shipped all the jobs over seas in order to make bigger profits. All we've heard is that we can't tax the rich "job creators" as if they are interested in the prosperity of the American people. The GOP wants to support the people who gave jobs away so who do you think I trust!

    August 3, 2011 at 6:41 am |
  14. GLE

    The poor and middle class American people are ultimately responsible. When we spend money it causes more jobs to be needed. The rich will not spend more just because the make more. Common sense tells us that if you have enough money to buy what you need, you will not spend more to buy what you do not need. The last 18 months have show that people have been loosen up on there purse strings. Those people have been the middle class. When you go out to stores and restaurants you can actually notice more people spending money. These 90% are going to be the group that will create the job. HOW DO WE GET THE MONEY IN THEIR HANDS?

    August 3, 2011 at 6:38 am |
  15. Pat

    Corporate America and the Tea Party want the United States and President Obama to fail. The Supreme Court ruled to allow Karl Rove to create Crossroads GPS and funnel millions of dollars of untraceable "off-shore" corporate money into the Tea Party's pockets. The Tea Party and their Republican friends no longer care what the voters say or think. Why? They have Cousin Karl's unlimted funds to run unlimited attack adds on TV. Plus, we have to trust Rove's mad dog group to make sure our enemies are not funding this insanity. Sure, the check is in the mail. We are in deep trouble now. There is NO longer ANY direction, trust, and hope!

    August 3, 2011 at 6:34 am |
  16. Victor Greedy

    Are you kidding? Why should I create jobs in the Unites States when I can get extremely cheap labor in China and India. It has nothing to do with been patriotic, it is business! For example, look at your iPad, it cost to produce this item less than $70, including transportation, I can sell this product for $600. If this item was manufacture in US it will cost $800 to $900. Again, it is business. We love greed. The more money we make the better it is. Still I do not have the obligation to create jobs in the US. Well, I actually create jobs in this country, sales jobs (cheap services labor)

    August 3, 2011 at 6:32 am |
  17. Nicole

    n im upset bout the russian who called americans parasites when u go 2 brooklyn ny 99 pr cent of russians have medicare medicaid n food stamps n rape the hell out of the u s a check out that story

    August 3, 2011 at 6:32 am |
  18. Nicole

    create jobs they should check out n filter the people who r not even americans receiving benefhts n we should charge fees 2 other country who wants us 2 buy there stuff who buys from usa lets tax them theres a job u go 2 there country u get nothing

    August 3, 2011 at 6:27 am |
  19. Linda Begley

    I don't know who to trust. I think the President tried but big business is so greedy all they care about is their bottom line! When you say that companies are still outsourcing and not being penalized for it ... it makes my blood boil! We are all paying too high a price for that. If you haven't heard of the proposed new Amendment to the Constitution that is trying to get Grass Roots involvement - here it is and lets hope it passes:

    Proposed Congressional Reform Act of 2011

    1. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office.
    2. Congress (past, present and future) participates in Social Security. All funds in the Congressional/Senate retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
    3. Congress can purchase their own retirement plan, just as all Americans do.
    4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
    5. Congress loses their current health care system and participates in the same health care system as the American people.
    6. Congress must equally abide by all laws they impose on the American people.
    7. All contracts with past and present Congressmen are void effective 1/1/12. The American people did not make this contract with Congressmen. Congressmen made all these contracts for themselves.

    Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work!

    People it's time OUR voices are heard!

    August 3, 2011 at 6:27 am |
  20. Mark

    Socilaists to be quite honest, I don't trust big business as far as I could throw them...and that's coming from a business major.

    August 3, 2011 at 6:17 am |
  21. Pats

    I don't know who to trust anymore... why not repeal NAFTA and bring the middle class jobs back? We would put millions of folks back to work.

    August 3, 2011 at 6:17 am |
  22. Ben

    There is corporation that can be trusted. They have frozen wages, cut staff and pocketed the money and have no intention of sharing it. It is time to tell them to open up the check book or we'll do it for them

    August 3, 2011 at 6:16 am |
  23. Horsefly

    American jobs have been outsourced to other nations because labor unions have driven up the cost of labor. Jobs would come back to the United States if companies could afford to pay its worker and still make a profit. Also, small businesses need incentives to grow and hire.

    August 3, 2011 at 6:16 am |
    • Roger

      Having worked as a union construction worker for 27 yrs, Id say that is complete BS. Even with my bosses paying us a very good wage plus our benefit package, I saw all of my bosses make millions, buy million dollar homes and yachts. So if you think they cant afford it your kidding yourself !!

      August 3, 2011 at 7:03 am |
  24. rick

    Trust nobody to create jobs. They cannot do it no matter what they promise. the greedy big companies are still taking their jobs overseas and will continue to do so until somebody puts a stop to it. For college educated people, the people running this country have absolutely no common sense at all. It is sad to see our country falling apart because of a few narrow minded people who's only motivation is greed.

    August 3, 2011 at 6:16 am |
  25. Jack, Long Island, NY

    Me. Don't cut education,.. fund it properly: Fix all school buildings, give them the proper space they need, including "green" technology. That gets construction jobs and tech jobs. Give them the personnel they need. Class sizes should be If you're going to test everyone with same standard, give them same capacity. That keeps teachers working. By the way, know any school that doesn't have a a divider in its gym? That means they could all use another...give them the space to help fight child obesity. And fund it,
    Ddon't make local school districts raise property taxes for this, that means more inequality. That kills a few birds with one stone.

    August 3, 2011 at 6:15 am |
  26. Caleb Failes

    No one, following the debt deal and the falling stocks businesses aren't likely to put much towards job creation. The government can't be trusted either, because of the spending cuts all the programs that are going to have spending cut from them there will not be any increase in government employees.

    August 3, 2011 at 6:05 am |