Where are the Jobs?

" Welcome back to happy hour everyone -- now more on the skyrocketing jobless numbers that we talked about at the top of this hill. The goal of the multi billion dollar stimulus package to instantly create jobs I'm optimistic President Obama acted on."

" This morning. We received additional signs that the worst may be behind us we're losing jobs and less than half. The rate we were when I took office we've rescued our economy from catastrophe. We -- begun to build a new foundation for growth. That's why we passed an unprecedented recovery act."

" The president today."

" Unemployment rate climbed to over 10%. The sobering number that underscores. The economic challenges that lie ahead."

" I'm so marine and realistic and look at that got the job situation is still a big problem in this country and that's got a lot of people laugh scheme. What kids --"

" You know reflect our next guest is also asking exactly that. What gives it here's a quote from him quote. We don't need no stinking well we don't need another federal program we don't need another federal policy and we certainly don't need. Another federal stimulus welcome representative Michael Burgess Republican from Texas. You know you're one of the few Republican Democrat regime is out there that has a credibility to say that we don't need any of that stuff. Because you're one of the few that didn't vote for the 2008 Republican stimulus for the 2009 stimulus or any of those secret bailouts how about it."

" Very kind of you to notice at -- if it's true and you know what we've done and I think it what I fear is we've created an environment right now it's so hot style for the small medium or large size. Employer to create new jobs. And they don't know what we're doing anything they certainly don't know what we're going to do it healthcare they're scared to death from what we're -- financial regulation. This health care bill is full of unintended consequences just waiting to happen. So they're scared and be even if they may feel the economy is improving a little bit where they are. They're still not to the point where they're confident enough to take the risk of getting another job."

" Does all of -- that's the point where we're making earlier Tracy Patterson may explain that for me I know there're a lot of -- uncertain unknowns out there. As there always are and -- That's only a business is doing well. Why wouldn't they hired there's always going to be uncertainty. Out there your business is doing well -- go ahead and hire somebody I think. That's a 100% it. I think -- consumers' spending and they're not heavy people buying their product or go to their restaurant I think more than consumers then. All the uncertainties not saying it's not a problem I think it's -- the consumer."

" Well -- you're you're correct because coming from both sides but we'll leave it this morning we were focusing on jobless numbers it was just ten. Ten point 2% it was at 72 and a half percent. Of Americans who fall into the category of the hopelessly unemployed they gave up and they're not even looking for work any longer that's that we talked about a sobering number there is yeah real sobering number doubt. Is it true that because people are are -- consumers are scared that they are holding back it to be sure but this the fact that the jobs are not coming back in this economy. I think you've got a lot of people's attention and I know what affects decisions in my household we are making decisions where. We're we're we are putting off purchases or are or are putting off improvement. The employers are doing the same thing look we had a good third quarter report in our economic committee a week ago or two weeks ago. A lot of us are concerned that we just simply accelerated fourth quarter earnings into the third quarter would it be a miracle pass for clockers. The fact remains that employers are nervous -- needed and with good reason we are going to slap paid 8% payroll tax on small employers. This weekend. With our health care bill. No one knows what the effect of that is going to be modified an employer in the small market. And I'm looking at and having a job working here the next couple of months maybe I am going to hold off for the first to do you collect -- how to get a good idea what congress is going to do. If I've got a financial planning firm. You -- I'm holding off until I see what happens with this new financial planning. Regulatory. Regiment that we're going to introduce."

" Plus I'm with you I think everyone's holding up everyone's on -- no one knows what to do. Unemployment insurance keeps getting extended so I'm not sure why should even look for a job these days because the government -- taking care you. And now we have breaking news we hear that Freddie Mac expects to request more money. More funding from treasury -- what's happened what happens with this where do we go from here."

" Well it does seem like a never ending series of of similar request -- continue to mention about the the the unemployment insurance benefits. That question was asked. This morning -- Department of Labor. They were a little bit abrasive but they said there was some data suggest. That job search activities began to increase around the time with a conclusion of the benefits that is the longer you postpone the end of the benefits. Along these posts on the job search."

" Represented you know. That's very knows it it it's it's really scary for all of us out here watching the Republicans and Democrats over the last two years go down that very slippery slope. Of these endless bailouts and throwing more money after bad. Is there any chance that you guys are Republicans and Democrats can somehow step up and turn the tide so we do get back to rule of law. And no longer rewarding this crony capitalism."

" I we'll have to tell you that. I I can't I can't say there's a strong sense of that. But there were left 1618 of us who to have rejected since January 2008 have rejected all of these. -- growth programs and stimulus cash for -- and bailouts. I think that number is growing I don't know what the how how solid that number is at this point I think the numbers growing. The other side of the coin we. I'm sorry don't -- we get we get to the we get to the question of earmarks in the next appropriations cycle I think. Again I think you're going to feel some -- some significant result. Not necessarily because members of congress have -- themselves but because they're they're listening to the electorate out here with congress cycle and -- in us. Yet congress thanks for --"