OBAMA AND LABOR DAY
PRESIDENT OBAMA PLANS TO COMBAT JOB CRISIS. By
WASHINGTON — As we celebrate Labor Day, let's keep in mind
the domestic job market is considerably worse than what the 9.1 percent
unemployment rate indicates. And recent labor statistics
certainly support the claim.
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Today, 14 million Americans are unemployed. Another 8.8 million are
underemployed, meaning they are part-timers seeking full-time
employment. And 2.6 million have already conceded rejection and have
stopped looking for work altogether.
That equates to 26 million Americans mired in dire financial straits.
Compounding matters is the disappointing fact employers added zero
net jobs for the month of August; easily the weakest output since
"You go to all these interviews for entry-level positions, and
you lose out every time," said 26-year-old Ryan McGrath, who has
been unsuccessful in landing full-time work.
"Right now, finding a job is my job," said Emma Draper, 23,
who lost her public relations job earlier this summer. "If that was
the only thing I had to do, I'd be going insane. There is only so much
time you can sit at your computer, sending out resumes."
The jobless numbers, of course, are even more grim for
African-Americans. Blacks are currently inflicted with an unemployment
rate of 16.1 percent; nearly double the national figure.
More food for thought: 26 percent of African Americans are
underemployed. 22 percent of Hispanics are underemployed. And 15 percent
of Whites are underemployed.
Nationally, roughly 4.5 unemployed people are competing for each job
opening whereas under normal economic conditions, the average is two per
The economic outlook is so grim, U.S. President Barack Obama has
scheduled a national address for Thursday night with plans to outline an
emergency blueprint to help stimulate hiring.
The speech, nevertheless, is coming amid constant criticism of the
Obama Administration's failure to lend credence to the socioeconomic
complaints of the poor, and African-Americans in particular.
With the 2012 presidential election rapidly approaching, recent polls
indicate Obama has fallen completely out of favor with blacks - the
same group that supported him with a 98% voter count during his campaign
So, given that data, the national address and proposed job stimulant
doesn't come as much of a surprise.
Obama is smart.
He understands re-gaining black support is imperative to securing
another stint in office. If African-Americans all of a sudden feel
inclined to get out and vote, Obama's hopes for re-election are doomed.
Speaking of Obama, the general consensus among his supporters claim
former president George W. Bush is the culprit primarily responsible for
America's financial decline.
If most of us are in agreement Bush's policies are indeed the
problem, you should be terribly discouraged in Obama's decision to
extend so many of them - most notably the Bush Tax Cuts which
feature significant tax incentives for the rich.
Don't get me wrong, I'm a big Obama supporter. But I'd like to see
him get a little tougher.
Here's what one frustrated reader had to say about Obama and the
prospect of a Republican being voted into office:
"what would happen if one of the 'republikkkans' were to get
elected? It’s not like the black community is doing any better with
barry-o in office. you guys talk as if the republicans are going to
round up all the blacks and put them on plantations.
"what will happen?
"the end of the world as we know it?
“Bush had eight years to destroy the country’s economy. And Obama
is continuing Bush’s policies. So tell me what is he doing different?
He (Obama) put an extra $25 dollars a week in unemployment insurance and
repealed 'Dont Ask Dont Tell.' Whoopty Doo.
"Alot of us WERE obama supporters who finally seen the wolf in
sheep’s clothing. We are not rightwingers. We are disappointed because
the man we supported in ‘08, isnt what he campaigned.
"Now if youre still hoping for that “hope and change”, keep
believing, who am I to piss in your bowl of cheerios. dont begrudge the
rest of us who see the smoke and mirrors."
Wow! Anyway, please share your thoughts. Obviously, many Americans
are frustrated with today's abysmal job climate. Economists have already
predicted the economy won't return to pre-recession levels until
the year 2020.
Hang in there America.
We only have 9 more years to go.
Wayne Hodges, an MBA from St. Mary
University, is the Editor-in-Chief of “Mass Appeal News.” He's also a
contributing writer to YourBlackWorld.com,
he’s a Democrat reporter for the Examiner,
and he’s a film critic with ILoveBlackMovies.com.
Wayne welcomes your comments 24/7 at email@example.com