Unemployment and Public Use

Obama: Unemployment likely to keep ticking up
By BEN FELLER, Associated Press Writer Ben Feller, Associated Press Writer

WASHINGTON – President Barack Obama on Tuesday declined to predict how high unemployment will climb but made clear he expects it to keep worsening for a while as hiring lags behind other signs of economic recovery.

"How employment numbers are going to respond is not year clear," the president said on a day when he was headed to Michigan, home of a particularly battered economy. "My expectation is that we will probably continue to see unemployment tick up for several months."

I know...I harp on this a lot. The fact that the Recovery Act was needed NOW and that it was an emergrency. We couldn't wait and actually read the bill.

Are we supposed to be soothed by Obama's statement? A couple million jobs have been lost since the Recovery Act was enacted. Obama touted it as a jobs saver. If it really is saving jobs...let us not forget that more jobs are being lost and vastly overshadows any "saved" job. When President Obama says that he has saved 150,000 jobs, he tells you this but wants you to forget the half million jobs lost every month. So instead of 2,150,000 jobs lost ONLY 2,000,000 jobs were lost....

SIDEBAR:
Watching the Sotomayor hearings. They're talking about eminent domain and the difference between public use and public purpose. Under public purpose, the State can take your land and give it to a private developer because it would increase tax revenues. Public Use (that's the one in the Constitution) I believe is taking land for use by the public, ie roads, highways, schools, libraries, municipal buildings, parks...NOT shopping malls for the profit of private developers.