With a dismal jobless figure of 10.2 percent, President Obama is taking heat
from liberals as he convenes his jobs summit this Thursday. A central fear among
Democratic lawmakers is that if the job situation doesn't turn
around, they too will be out of work as voters seek vengeance in 2010.
But Obama's reluctance to increase the federal deficit makes a major
jobs initiative unlikely. Here's a glimpse at the frustration on the
- In Deep with the Left, writes Marc Ambinder at The Atlantic: "The left, broadly, wants to forget about the deficit for a while, to
target structural unemployment first, and to focus on redistributing
the wealth from Wall Street to Main Street. The president's most
trenchant critics denounce his seeming crouch before the predatory
tiger of Wall Street and the Big Banks, both of whom have managed to
squeeze profit out of this economy."
- Obama's "Squaring a Circle," writes Harold Meyerson, The Washington Post's in-house blue-collar advocate: "For weeks, virtually every White House employee with the power of
speech has made clear that the president doesn't intend to increase the
deficit, and that the idea of a second stimulus is a non-starter.
Boosting the economy without increasing government spending on jobs is squaring a circle, however."
- "This Is Wrong and Unacceptable," writes liberal economist Paul Krugman in The New York Times: "The damage from sustained high unemployment will last much longer. The
long-term unemployed can lose their skills, and even when the economy
recovers they tend to have difficulty finding a job, because they're
regarded as poor risks by potential employers. Meanwhile, students who
graduate into a poor labor market start their careers at a huge
disadvantage -- and pay a price in lower earnings for their whole
working lives. Failure to act on unemployment isn't just cruel, it's
- Minorities Are Seething! writes Michael E. Ross
at The Grio. Though President Obama enjoyed broad support from
minorities, who generally lean left, he risks losing their support:
"The six organizations -- the National Association for the Advancement
of Colored People, the A.F.L.-C.I.O.,
the Center for Community Change, the Leadership Conference on Civil
Rights, the Economic Policy Institute and the National Council of La
Raza -- called on Obama to step up efforts at job creation, and said
the president's recent $787 billion stimulus program wasn't enough to
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