{"id":4048,"date":"2011-06-16T11:08:41","date_gmt":"2011-06-16T15:08:41","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=4048"},"modified":"2011-06-20T17:17:26","modified_gmt":"2011-06-20T21:17:26","slug":"the-president%e2%80%99s-job-council-not-so-good-at-creating-jobs","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2011\/06\/16\/the-president%e2%80%99s-job-council-not-so-good-at-creating-jobs\/","title":{"rendered":"The President\u2019s Job Council Not So Good at Creating Jobs"},"content":{"rendered":"<p>President Obama says he&#8217;s 100 percent focused on creating jobs these days, so why is taking advice from a bunch of CEOs whose companies have shed thousands of jobs over the last decade?<\/p>\n<div align=\"center\"><script type=\"text\/javascript\" src=\"http:\/\/video.foxbusiness.com\/v\/embed.js?id=991615259001&#038;w=466&#038;h=263\"><\/script><noscript>Watch the latest video at <a href=\"http:\/\/video.foxbusiness.com\">video.foxbusiness.com<\/a><\/noscript><\/div>\n<p>Investor&#8217;s Business Daily has the <a href=\"http:\/\/www.investors.com\/NewsAndAnalysis\/Article\/575237\/201106131841\/Do-As-They-Say.htm\" target=\"_blank\">highlights<\/a>:<\/p>\n<blockquote><p>\u2022 GE&#8217;s domestic workforce shrank by 25,000 \u2014 almost 16% \u2014 between  2001 and 2010, according to the company&#8217;s annual reports. (The number of  overseas GE jobs climbed over those years.)<\/p>\n<p>\u2022 AmEx employed 28% fewer workers in 2010 than it did a decade ago.<\/p>\n<p>\u2022 Kodak&#8217;s workforce cratered to just 18,800 last year from 75,000 in 2001.<\/p>\n<p>\u2022 Xerox&#8217;s employee base shrank by nearly a third between 2001 and  2009, before it acquired Affiliated Computer Services and its 74,000  workers in 2010.<\/p>\n<p>\u2022 Even Intel has trimmed the number of workers it employs over the past decade.<\/p><\/blockquote>\n<p>What&#8217;s more interesting than who is on the President&#8217;s jobs council is who isn&#8217;t&#8230; There isn&#8217;t one representative of from America&#8217;s small and mid-sized businesses, who are responsible for creating two-thirds of the nation&#8217;s new jobs.<\/p>\n<p>It&#8217;s pure symbolism over substance, that simply highlights the incestuous relationship between big business and government&#8230; It&#8217;s little surprise, and of little comfort, that council&#8217;s list of must-do, job-creating ideas includes the same tired old big government ideas that get trotted every time the economy slows: More money to retrain workers, more tax dollars retrofitting commercial  buildings to boost energy efficiency and more government loans passed out  by the Small Business Administration.<\/p>\n<p>If the President was truly serious about job creation he&#8217;d do the simplest most effective thing available: Get government out of the way. Businesses in are drowning in sea of taxes, and regulation that are choking off job growth. The President&#8217;s Jobs Council did at least pay lips service to all the job-choking red tape by calling on the administration to streamline permitting processes.<\/p>\n<p>But they mad no mention of much need reforms, like an immediate cut in corporate and capital gains taxes&#8230; The Wall Street Journal examined the need for corporate tax reform last December is story highlighting how the our <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703963704576005960558986604.html\" target=\"_blank\">&#8216;temporary&#8217; tax code puts the nation in a lasting bind<\/a>.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/cnsnews.com\/news\/article\/after-28-months-stimulus-spending-19-mil\" target=\"_blank\">1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus<\/a> &#8211; CNSNews.com<\/li>\n<li><a href=\"http:\/\/www.foxbusiness.com\/markets\/2011\/06\/15\/awful-data-raises-volume-on-stagflation-debate\/?cmpid=cmty_twitter_foxbusiness_awful-data-raises-volume-on-stagflation-debate\" target=\"_blank\">Don&#8217;t Look Now, But Stagflation May Be Here<\/a> &#8211; Fox Business<\/li>\n<li><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702304432304576369933829499132.html?mod=WSJ_Opinion_LEADTop\" target=\"_blank\">A Welfare State or a Start-Up Nation?<\/a> &#8211; Allan Meltzer, Wall Street Journal<\/li>\n<li><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/a2e3d988-9748-11e0-9c9d-00144feab49a.html#axzz1POJuMh56\" target=\"_blank\">US inflation rise ties Fed\u2019s hands on further easing<\/a> &#8211; Financial Times<\/li>\n<li><a href=\"http:\/\/www.gallup.com\/poll\/148058\/Lack-Retirement-Funds-Americans-Biggest-Financial-Worry.aspx\" target=\"_blank\">Lack of Retirement Funds Is Americans&#8217; Biggest Financial Worry<\/a> &#8211; Gallup<\/li>\n<li><a href=\"http:\/\/blogs.the-american-interest.com\/wrm\/2011\/06\/14\/is-carter-a-best-case-scenario\/\" target=\"_blank\">Is Carter A Best Case Scenario?<\/a> &#8211; W.R. Mead, The American Interest<\/li>\n<li><a href=\"http:\/\/www.bloomberg.com\/news\/2011-06-15\/in-boeing-case-machinists-are-picking-the-wrong-fight-view.html\" target=\"_blank\">In Boeing Case, Machinists Are Picking the Wrong Fight<\/a> &#8211; Bloomberg.com<\/li>\n<li><a href=\"http:\/\/blog.heritage.org\/2011\/06\/20\/federal-reserve-bank-presidents-washington-is-killing-business\/\" target=\"_blank\">Federal Reserve Bank Presidents: Washington is Killing Business<\/a> &#8211; Heritage Foundation<\/li>\n<\/ul>\n<div id=\"_mcePaste\" class=\"mcePaste\" style=\"position: absolute; left: -10000px; top: 402px; width: 1px; height: 1px; overflow: hidden;\">&lt;script type=&#8221;text\/javascript&#8221; src=&#8221;http:\/\/video.foxbusiness.com\/v\/embed.js?id=991615259001&amp;w=466&amp;h=263&#8243;&gt;&lt;\/script&gt;&lt;noscript&gt;Watch the latest video at &lt;a href=&#8221;http:\/\/video.foxbusiness.com&#8221;&gt;video.foxbusiness.com&lt;\/a&gt;&lt;\/noscript&gt;Federal Reserve Bank Presidents: Washington is Killing Business<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Obama says he&#8217;s 100 percent focused on creating jobs these days, so why is taking advice from a bunch of CEOs whose companies have shed thousands of jobs over the last decade? Watch the latest video at video.foxbusiness.com Investor&#8217;s Business Daily has the highlights: \u2022 GE&#8217;s domestic workforce shrank by 25,000 \u2014 almost 16% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26,7],"tags":[57,1363,1180],"class_list":["post-4048","post","type-post","status-publish","format-standard","category-economy","category-politics","tag-barack-obama","tag-economy","tag-jobs-council","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-13i","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3156,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/01\/08\/december-unemployment-holds-steady-at-10-percent\/","url_meta":{"origin":4048,"position":0},"title":"December Unemployment Holds Steady at 10 Percent","author":"Jeff","date":"January 8, 2010","format":false,"excerpt":"I'm looking for good news in the December Jobs Report, but I can't find any... From Reuters: U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth. Unemployment, which held steady at 10 percent,\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2578,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/08\/unemployment-rate-falls-to-9-4-sort-of\/","url_meta":{"origin":4048,"position":1},"title":"Unemployment Rate Falls to 9.4%&#8230; Sort of&#8230;","author":"Jeff","date":"August 8, 2009","format":false,"excerpt":"From Reuters: The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest sign yet that the economy was turning around. Employers shed 247,000 jobs in July, the Labor Department said Friday, the least in any\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4503,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/07\/06\/awful-unemployment-remains-at-8-2-in-june-just-80000-jobs-added\/","url_meta":{"origin":4048,"position":2},"title":"Awful: Unemployment Remains At 8.2% in June; Just 80,000 Jobs Added","author":"Jeff","date":"July 6, 2012","format":false,"excerpt":"From MarketWatch: The U.S. created just 80,000 jobs in June as hiring slowed dramatically in the second quarter, confirming that the economy has hit another rough patch. The unemployment rate was unchanged at 8.2%, the Labor Department said Friday. The disappointing employment report adds to fresh worries about the U.S.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3819,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/04\/jobless-rate-falls-to-8-9-as-192k-jobs-added\/","url_meta":{"origin":4048,"position":3},"title":"Jobless Rate Falls to 8.9% as 192K Jobs Added","author":"Jeff","date":"March 4, 2011","format":false,"excerpt":"Today's jobless report is a good news bad news thing, first the good news... From Bloomberg: U.S. employers added 192,000 workers in February, amid an improving economy and more seasonable weather, and the unemployment rate unexpectedly declined to 8.9 percent, the lowest level since April 2009. So what's the bad\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4617,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/09\/07\/awful-u-s-added-96000-jobs-in-august-unemployment-rate-fell-to-8-1\/","url_meta":{"origin":4048,"position":4},"title":"Awful: U.S. Added 96,000 Jobs in August; Unemployment Rate Fell to 8.1%","author":"Jeff","date":"September 7, 2012","format":false,"excerpt":"From MarketWatch: Nonfarm payrolls grew by a seasonally adjusted 96,000 in August, well below estimates and down from a respectable 141,000 jobs in July. The payrolls growth came in weaker than the 125,000 increase expected by economists surveyed by MarketWatch. The nation\u2019s unemployment rate fell to a seasonally adjusted 8.1%,\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3202,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/06\/unemployment-rate-drops-to-9-7\/","url_meta":{"origin":4048,"position":5},"title":"Unemployment Rate Drops to 9.7%","author":"Jeff","date":"February 6, 2010","format":false,"excerpt":"I was going to post this yesterday, but there was something about the numbers that just didn't make sense to me so I decided to hold off until I could dig through the report. Anyway, the Associated Press got to use it's favorite adverb, \"unexpectedly\", again today: The job market\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/4048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=4048"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/4048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=4048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=4048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=4048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}