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November 7th, 2008
06:15 PM ET

How can Obama Admin. slow job loss?

The Labor Department announced this morning 240,000 jobs were lost in the month of October.

The Labor Department announced this morning 240,000 jobs were lost in the month of October.

FROM CNN's Jack Cafferty:

This week began with a message about hope and ended, at least on the economic front, on a feeling of concern.

The Labor Department announced this morning 240,000 jobs were lost in the month of October, bringing us to a grand total of 1.2 million jobs so far this year. More than 650,000 gone in the last three months alone.

Scary stuff... And things could get worse into the first half of 2009. The auto industry is teetering on the brink of disaster. Collectively, they are among the biggest employers in the country. Recent retail sales reports are likely to accelerate the closing of stores. That means more jobs gone. There is nothing on the horizon to make us think things are going to get any better anytime soon. President-elect Barack Obama has promised to create jobs, but he doesn't take over the White House until January. Things could get a whole lot worse between now and then.

Here’s my question to you: How can the new administration begin to slow the loss of jobs in the U.S.?

Interested to know which ones made it on air?

Greg from Cabot, Arkansas writes:
To slow the loss of jobs in the U.S., Congress needs to impose severe tax penalties on companies that ship jobs off-shore, eliminate tax breaks for companies that already outsource jobs and offer big tax cuts to companies that bring jobs back.

R.M. from Gainesville, Florida writes:
President Obama needs to put a cap on the interest rates that credit card companies charge customers. Only then will people be able to start spending money again, rather than simply slaving to pay off debt. Greater purchasing power along with middle-class tax cuts will help get the majority of us spending again and that creates jobs.

Kim from Dodge City, Kansas writes:
How about immediate revamping our trade policies so that American-made products and jobs are protected? I'm talking about an increase in tariffs large enough to send a message that the State Department is no longer going to be making trade policy. The lack of any common sense in our trade policies has led us to this point. And for heaven's sake, get NAFTA repealed in an emergency session.

John from Fort Collins, Colorado writes:
Barack Obama must take a page from FDR by quickly creating new jobs. In today’s world, that would be in the areas of alternative energy and transportation, and the rebuilding of inner cities and other areas of decayed infrastructure. Each new job created would result in additional consumer spending that would help save existing jobs.

Jim from Vancouver, Washington writes:
My father worked in the CCC camps. What an opportunity for a program now modeled after that concept. Make sure money to bailout U.S. auto makers goes toward plug-in cars and trucks. (Things that are utilitarian, not just a lot of gas guzzling art). Bring back regulations to keep the hogs from raiding our financial gardens. You know, the basic skills for balancing the budget like they teach in the 5th and 6th grade should come into play here also.


Filed under: Barack Obama • Unemployment
soundoff (230 Responses)
  1. Philip from Toronto

    He can't....Being President is going to be the worst job in the world..American is going into the deepest recession it has ever experienced...America will see all its gains and democracy spiral down into a dog-eat-dog....every man for himself...tragic cosmic joke....you won't even recognise America in eight years........but...the Rich will get richer......

    November 7, 2008 at 1:02 pm |
  2. Dave, Brooklyn, NY

    He can do so by fulfilling his campaign promises: i.e. tax breaks for companies that keep and create jobs here and hitting those companies that export our jobs with some seriously painful taxes.

    November 7, 2008 at 1:03 pm |
  3. Charles from Charlotteville Virginia

    We need a modern day equivalent of the Civilian Conservation Corps established by Franklin Roosevelt during the Great Depression. The goal of such a new entity would be to build a massive new alternative energy infrastructure to end America's dependence on foreign oil once and for all. Anyone who was laid off from their job because of the current economic crisis would be assured of a job and training. This would put our tax dollars to better use than bailing out the big banks.

    November 7, 2008 at 1:11 pm |
  4. Bill from Medford, NJ

    Realistically, they can't unless they are willing to become a centrally-planned, totalitarian dictatorship. They can't and won't do that, of course.

    The real question is how they can put some quick money into an economy that isn't generating a lot of wealth on its own right now. The methodology will have to be tuned to our time, but the basics can be learned by opening the history text to right around 1933.

    November 7, 2008 at 1:12 pm |
  5. Jackie in Dallas

    Work with Congress to repeal the tax breaks for companies who outsource our jobs to every other country in the world. Also, get Congress to work on serious reductions in pork in order to fund alternate energy research, which could produce a lot of new jobs.

    November 7, 2008 at 1:13 pm |
  6. Gary - Woodhaven, Michigan

    New Deal II

    Rebuilding our sorry infrastructure and electricity supply and grid.

    Beginning of government subsidized new energy technology which will not only create jobs in solar, wind, geothermal, etc., but small businesses to furnish and maintain these new industries.

    We must realize that the job markets of old, banking, auto, housing, are now dinosaurs and following a path of natural evolution, a birth of new ideas must come off of the horizon and into reality.

    November 7, 2008 at 1:13 pm |
  7. Ken in NC

    Nothing much they can do because the down turn has already started.

    November 7, 2008 at 1:14 pm |
  8. JD

    Two points: infrastructure and green technology. Retooling for energy independence will create work for millions of Americans, give us a product to export, and reduce our dependence on foreign oil. Conservatives want people to work instead of being on welfare, right? So let's put the country to work instead of pumping out rebate checks.

    November 7, 2008 at 1:14 pm |
  9. Peri W.

    President Obama needs to work at insourcing jobs. He's proposed tax breaks for companies that create jobs in the United States and will stop tax breaks for companies that outsource jobs. I'm convinced this is the root of the entire economic mess. Good paying jobs have been outsourced in favor of low paying, service industry jobs. We can't afford to spend money so businesses suffer and workers are laid off. As Sarah Palin might say, "It's not rocket science." You betcha.

    November 7, 2008 at 1:16 pm |
  10. karen-phoenix

    Programs like the old WPA, CCC and TVA going green!!!! Put American back to work with jobs that STAY in America and reprogram our country to protect the world from destroying itself with oil!!!

    November 7, 2008 at 1:22 pm |
  11. ST

    I agree with tax breaks for companies that keep jobs here and higher taxes for companies that ship jobs overseas. Hit them where it counts, in the wallet.

    November 7, 2008 at 1:25 pm |
  12. kent

    Quit giving corporations tax cuts when they use the extra money to buy up their own stock or buy their competitor and close the business thus losing jobs. With every big merger there are lay-offs.

    November 7, 2008 at 1:25 pm |
  13. Terry, Chandler AZ

    Barack needs to do what he does best, give us confidence that he has the ability, the will, and the drive to restore confidence in the future of the economy. If confidence is restored we will recover. Fear = failure and confidence = success.

    November 7, 2008 at 1:25 pm |
  14. Praetorian, Fort Myers

    Employer summit.

    We meet with our allies, the G8, and other entities.

    How about an employment summit–where the hundreds (perhaps thousands) of the largest employers gather to meet, develop strategies, form alliances, and have access to the POTUS?

    It could help conentrate our energies towards retaining U.S. jobs–and getting targeted government aid where it is most needed–objectively, and without the taint of lobbyists.

    November 7, 2008 at 1:26 pm |
  15. Jason, Koloa, HI

    Make one of the first priorities of his administration Green-Collar Jobs. There are millions of unemployed people that could immediately get put to work with good paying jobs that shift our energy supply away from fossil fuels. People need jobs training them too. This simultaneously stimulates the economy and confronts climate change.. This should be approached like the moon landing of our generation. The Gas and Oil Party is no longer standing in our way. Let's get going.

    November 7, 2008 at 1:31 pm |
  16. Paulette,Dallas,PA

    Create jobs by funding DPW (Dept. of Public Works) as FDR did or CETA (Concentrated Employee Traing Act) jobs as was done in the mid 70's. Give tax incentives for companies who create jobs here in USA. Bailout the auto industry. Ida Tarbell,early 19th century,"As GM goes,so goes America," but with stipulations. No outsourced jobs and all new cars must be hybrids or highly fuel efficient. No SUVs. Bank executives do not receive bonuses and mandate that the banks put the $700billion into play – by starting to lend again.

    November 7, 2008 at 1:32 pm |
  17. Dennis North Carolina

    First they need to show a positive view to the public. then when they take control of the government, they need to take bold moves to jump start the economy and bring up the consumer opinion in to a positive rising movement.

    November 7, 2008 at 1:32 pm |
  18. Richard, Syracuse, NY

    a tax break to the working families and middle class will create disposable income. Disposable income will allow people to spend money which will increase sales, causing operations to hire more people, who will then have more disposable income. and round and round we go. Basically increasing sales increases the need for more help. Giving tax breaks to corporations without increasing sales will NOT increase jobs. Obama is right, McCain was, and still is, wrong.

    November 7, 2008 at 1:33 pm |
  19. Tony from Torrington

    He can't. Not if he raises taxes. Not if he taxes business so much that they can't hire or keep their doors open. I personally ran a business for 24 years. Our best years were the Reagan years. The Bill Clinton years were the worst, and eventually forced us to close our doors. Here's a question for you; the democrats have been representing the poor for more than 70 years. Why are there still so many poor people?

    November 7, 2008 at 1:34 pm |
  20. Donna, from Michigan

    Shame to say, but they can not! The effects of the Bush Presidency will last well into Obama term.

    November 7, 2008 at 1:37 pm |
  21. Mike Smith, New Orleans

    Obama has talked about public works projects to restore our country's infrastructure, much like the Tennessee Valley Authority.
    This is a brilliant idea proven historically to work. Instead of bombing infrastructures in other countries, we can use those same resources to rebuild our own infrastructure and create jobs.

    November 7, 2008 at 1:38 pm |
  22. AspenFreePress

    Put a ceiling on interest rates that banks and credit cards can charge for loans. People will borrow money no matter the interest when they want money badly enough. But, as we've just seen, loans with interest rates that are too high just don't get paid back. When I was growing up in Texas anything above ten percent was considered usurious. It is argued now, what with all the bank failures, home foreclosures and defaults on credit card bills, that no one forces a person to take out a loan with sky-high interest. We all have free will, right? In response I might point out that no one forces a person to play blackjack at gambling casinos either, yet gambling casinos are banned in most states. I wonder why. In stock and money markets, bears make money sometimes and bulls make money sometimes. You never hear of hogs making a dime, unless there's a bailout. Sterling Greenwood/Aspen

    November 7, 2008 at 1:38 pm |
  23. Jessica Ft. Worth, TX

    Obama should begin by taxing and regulating companies who take their jobs overseas. Then he should begin the documentation of illegal immigrants so that all workers in the country are working for the same pay based on their job rather than their immigrant status. He should start building on renewable and eco-safe resources that could open up many "green jobs."

    November 7, 2008 at 1:40 pm |
  24. Jerry -- Alpharetta GA

    Require all employers in the US to PROVE that their workers are AMERICANS or are duly authorized to work here. Create an easy verification process that will allow employers to verify the right to work, Social Security are not to be accepted as proof. Establish severe penalties for employers who are hiring unauthorized workers. Reward employers who invest in employee education and development.

    November 7, 2008 at 1:41 pm |
  25. David in Granville, Ohio

    Businesses do what is in their own best interests to maximize profitability. They find ways around regulations and laws they do not like.

    So although increased regulation is necessary to stop the insanity that got us into this mess it is not a good idea to rely on regulation alone. Make it in the corporate best interests to create jobs in America. i.e. tax breaks and other incentives for companies that can demonstrate they are employing in the USA and penal tax rates for companies that outsource jobs to other countriies.

    November 7, 2008 at 1:46 pm |
  26. Rose

    If I knew how to slow job loss, Id be lobbying for a spot in the cabinet.

    November 7, 2008 at 1:46 pm |
  27. Susan/Bel Air, MD

    I think the worst is yet to come..that the Bush administration has been propping things up until the moment he can scurry back to Texas and let it all fall on the next guy. We've dug ourselves into a deep, deep credit hole and of course the first rule of escape is 'Stop digging'. If the gov't sends out another round of stimulus checks, people will (and should) use the money to pay credit cards; therefore, the gov't should use that money to fund a public works program similar to the one in the 1930's. It would provide badly needed improvements to our national infrastructure while putting money in the hands of people willing to work for it.

    November 7, 2008 at 1:47 pm |
  28. vern-anaheim,ca

    i think we need something similar to what fdr had back in the 1930's and give tax breaks who keep jobs over here.he must do something or the job loss will continue.the bush administration is responsible for the mess the countrys in and no one can say how long it will last

    November 7, 2008 at 1:51 pm |
  29. Sarah Louise

    I think this is a really difficult proposition. The US and global economies are in a recession so it's hard to have any positive impact on job losses in the short term apart from trying to keep viable companies afloat where possible. In the long term he can follow through with his plans to create jobs rebuilding infrastructure and gaining energy independance via renewable energies.

    November 7, 2008 at 1:55 pm |
  30. perry jones

    He cant unless the government takes over all the business in our nation . It is up to the business owners to supply jobs and they will not and have not and they will send jobs else were, until congress and the president will come to there séances and looks at what the unions and the government giveaway programs are costing the tax payers

    There is one plan out there that could create jobs and a market for business to stay here . There are five steps
    1. End all welfare, to all business and citizens
    2. Go to a fair tax system at 27 % for all goods
    3. Equally taxes on all goods coming into this nation at the same rate of tax on us goods entering other nations
    4. Selling off all public schools and letting privet enterprise take over with federal guidelines and federal inspectors
    5. Securing our borders against all trafficking of illegal DRUGS and labor

    The non spelling republican Perry Jones
    Council Bluffs Iowa

    November 7, 2008 at 1:55 pm |
  31. Tom Bulger

    Why re-invent the wheel? FDR built the infrastructure of America during the great Depression. With bridges collapsing in Minnesota, restoring infrastructure is not before time. Obama knows this.

    November 7, 2008 at 1:55 pm |
  32. Katiec Pekin, IL

    Pray for a miracle?
    There has been so much damage done to our economy no
    one solution is going to help.
    Creating jobs by building our infrastructure, giving tax credits
    to companies who create jobs here in the U.S, eliminating
    tax credits for companies that send jobs and their companies
    overseas. Getting rid of big tax cuts to oil companies, etc,
    monitoring, controlling and eliminating bonuses for CEO's
    with our tax money. Creating jobs for research and impletmentation
    of new energy, giving government support where deserved.
    Equalizing trade agreements.
    Wow, Jack, where do we begin and where do we stop?

    November 7, 2008 at 1:56 pm |
  33. James from Orlando, FL

    It seems to me that the only way to get this economy going is to take some of the bailout funds and give one part to the american peopl and another part to the banks. You can cause the circulation of capital to flow again on both ends with an economic jump-start. People will spend and companies will lend. It is conflict of intrest to only give banks capital and not the american consumer. WE drive this economy, not them. However, they serve thier role in this society but only because we let them. So, consumers first. Banks second. Thanks for your brilliance Jack!

    November 7, 2008 at 1:59 pm |
  34. Hello America

    We can create more jobs just by buying American products.

    November 7, 2008 at 2:02 pm |
  35. Jude Perera ( piscataway Nj )

    By restricting companies from taking jobs overseas. If it all fails i got a backup plan. Let them work in the white house as gardeners

    November 7, 2008 at 2:04 pm |
  36. Nancy from Indiana

    I am sure that he will seek the advice of very powerful, knowledgeable, financial people to help him sort through this mess that he was handed. And I do trust him to do the very best he can to get the economy going in the right direction again. Everything just takes time!

    November 7, 2008 at 2:04 pm |
  37. Annie, Atlanta

    I can't even imagine why he wanted the job, to be honest. Bush & Co. destroyed us on so many levels I wonder if recovery is even possible.

    November 7, 2008 at 2:05 pm |
  38. Ken in NC

    He can slow the job losses by giving me a job.

    November 7, 2008 at 2:06 pm |
  39. garrick

    hi jack
    by putting forth a stimules package to start green jobs and building our interstructure,and help the auto industry to retool to build fuel eff cars in the USA,why should i drive a Honda,i should be driving something made in our great country.
    clearwater,fl

    November 7, 2008 at 2:08 pm |
  40. Ken - Hudson Florida

    First of all, it will probably take the better part of the next 4 years to start to undo all of the problems that were caused by the inept leadership of the past 8 years. If the government would stop bailing out the companies that caused this financial mess in the first place, and instead bailout the American people who really need the help, then the Banks and companies like the auto industry would find that they are doing better as a result. And If we can get our troops out of Iraq within 1 year to 18 months, then the money saved from that alone could be used to help those that have lost their jobs until the economy has a chance to stabilize.

    November 7, 2008 at 2:09 pm |
  41. Tom in Desoto, TX

    If Bush abdicates now, our citizens will know his policies will not have to be endured one day more. It will be a new day and the sun will return, without the clouds.

    November 7, 2008 at 2:10 pm |
  42. Sandra fromTexas

    I have no idea, that is their job. I wish the Obama administration all the luck in the world. I have a feeling they are going to need it. I don't believe we know yet the full extent of the damage George Bush has done to this country and the world.

    November 7, 2008 at 2:11 pm |
  43. Michelle

    By placing large tarrifs on firms that leave the country and those that outsource jobs overseas.

    November 7, 2008 at 2:12 pm |
  44. Judy, Exeter, Calif,

    Two words, Green Energy. This is a huge opportunity to show the world what we can do. Nothing but good can come from this, and the jobs will just keep coming. Kinda like going to the moon was in the 60's. The money invested by the government in the way of tax incentives will go a long way toward mending our broken economy.

    November 7, 2008 at 2:13 pm |
  45. John

    Jack: President-elect Obama needs to shore up the housing industry by doing anything to free up credit for new homes. This will help the construction trades moving. Give the 3 American Car industry's the money they need to survive, so old jobs will be saved, and new jobs will be created for the future. President-elect Obama will need to communicate confidence in our ability to come up with new green energy jobs, and give incentatives to industry's to bring jobs back to America.

    John
    Alabama

    November 7, 2008 at 2:17 pm |
  46. Michael, Pensacola, FL

    Stabilize the financial system and everything else will hold together! Then create jobs through public works improvements.

    November 7, 2008 at 2:20 pm |
  47. Roy - Chicago IL

    The rise of 'corporate-ism' over the last 30 years, with its total concentration on the bottom line for its investors, has led to a mass emigration of jobs out of the country so that profit margins can be met. Corporations are now addicted to cheap non-union non-USA labor and obscene growth. Initially they may balk at bringing jobs back to America, but Obama needs to make it clear that they will pay a greater price if they do not. Wall Street needs to understand that a 10% growth year after year is not sustainable, and basically bleeds the economy dry for a small group of shareholders at the expense of the rest of the working class. Corporate mentality HAS TO CHANGE, manageable growth has to be regarded as successful for all.

    November 7, 2008 at 2:22 pm |
  48. Steve of Hohenwald TN.

    By takeing care of the real America.

    November 7, 2008 at 2:22 pm |
  49. Barb New Port Richey Fl

    Made in the USA would be a good start!

    November 7, 2008 at 2:22 pm |
  50. John

    We need to redefine jobs in America. We are in a job loss crisis, so why wouldn't we want to launch a plan that would quickly get people back to work? As an example: send out of work construction and auto workers to school to learn how to install and support wind turbines. It takes 1 person to support every 10 wind turbines once they are up and running. Or send them to school to learn how to install and maintain solar panels on every home in America. Increase energy credits to the taxpayers to make them affordable.

    Those out of work win, you win, I win, and at the same time, we start to solve another problem which is our dependence on foreign oil, and there isn't the need to drill, scrub coal, or build new reactors.

    Isn't it high time that we start thinking and planning further than the end of our respective noses....or have we become a nation of lemmings?

    John in Normal, IL

    November 7, 2008 at 2:23 pm |
  51. Gigi in Alabama

    I think he has the right ideas to do the job. First, he needs for Congress to pass legislation that will stop the outsourcing of jobs. Stop giving companies incentives to move to China, India, etc. and give them tax breaks that will intice them to bring their jobs back to the USA. Also give tax breaks to companies from other countries if they will manufacture their products here.
    Right here in Alabama we have Honda, Toyota, Kia and Mercedes-Benz making their automobiles. Why can't we get other companies to do the same?

    November 7, 2008 at 2:24 pm |
  52. Anj in CA

    Tax incentives for employers who do not reduce US headcount and more incentives for those who increase US headcount; disincentives to send jobs offshore; programs to repair and improve our infrastructure; incentives to buy American-made goods. I realize some of this smacks of protectionism, but what's wrong with protecting the US worker? And how about some incentives for Detroit to make attractive, efficient, reliable cars that people would want to buy? The fallout if GM goes belly-up would dwarf everything else.

    November 7, 2008 at 2:26 pm |
  53. dc boutwell, myrtle beach, sc

    Stimulate main street NOT wall street. Use the money the Bush regime is giving to the crooks to instead re-build our infrastructer and to work full time on developement of alternative energy. Refuse any sort of bailout to any group unless they agree to do ALL thier manufacturing in the USA. Not one -penny of tax breaks to any corporation that has left this country. Next END NAFTA asap, put all other Bush regime trade treatys on hold and take back our nations reputation as being the best.

    November 7, 2008 at 2:28 pm |
  54. joep, IL

    Jack –

    He's got a good plan in his mind already. He needs the citizenry, Congress and the Corporations to go along with it is all. It all takes time.

    November 7, 2008 at 2:28 pm |
  55. Terry from North Carolina

    Jack
    We have got to help these small business people, if their business grows and becomes healthy they will put people back to work.

    November 7, 2008 at 2:28 pm |
  56. don in naples, florida

    We are beyond recovery. Maybe our Landlords (china) can come in here and revive this nation. Their economy seems to be booming. It shouldn't be that hard of a shift from socialism (bailing out companies) to communism.

    November 7, 2008 at 2:31 pm |
  57. David, Tampa, Fl

    It will take a miracleworker, a comprehensive economic policy that reduces our reliance on foreign oil and injects capital directly into the economy through the individual or a company that creates jobs. Take a long hard look at tax policy, revenues, and expenditures and undertake only those that will generate returns to the government. Lastly undertake policies that will start paying off the national debt so our great great grandchildren aren't still paying it off, then we all can have a meaningful tax break.

    November 7, 2008 at 2:33 pm |
  58. Randy, Salt Lake City

    Well, he could get all of those out-of-work or soon-to-be-out-of-work brokers and hedge fund managers into the fields picking fruit and vegtables. That way we'd have less illegals crossing the border AND these ex-brokers would be introduced to -actual work. Would be nice if he could get a good many ex-CEO's to join them in the fields, too.

    November 7, 2008 at 2:34 pm |
  59. nelson

    Jack, Obama admin better get a handle on the trade imbalances and get the economy going by whatever means necessary and supporting
    any businesses that are "truely" American and are in financial trouble.
    Free trade is not the answer but FAIR TRADE is! The wall st crowd
    is in deep trouble both legally and ethics wise. Prosecute where necessary and toss the bums out that are close to being criminals!
    Get rid of all those "old/life time politicians" or put New Fresh Thinking in charge of the surrogates,... as we all have seen the last 8 yrs the established or entrenched politico's are just a drag on our way of getting things done.

    November 7, 2008 at 2:35 pm |
  60. Dave from Prospect Bay, Nova Scotia

    If President Obama continues with the fantastic organizational skills that got him into office the U.S. will rebound faster than most people think.
    He has to continue in his "Churchillian" ways of motivating the population. He also has to go by the Philosophy "You've got to spend money to make money", on the make work projects such as infrastructure & "Green" technology he has already referred to.

    November 7, 2008 at 2:36 pm |
  61. B-Koi Vancouver Island, BC

    It's like having gained a lot of weight and trying to lose it, you didn't get fat overnite , and if you want to keep it off it's going to take awhile, quick fixes don't work ! The country has to be PATIENT !

    November 7, 2008 at 2:36 pm |
  62. kenneth sibbett

    Rebuilding infrastructure which would cost billions but put that with the free up of lending to banks, who free up lending to businesses, who pay cost of living wages, who then can pay their morgages, who then can pay property taxes, who then can pay wages to people who take care of communities, who then can afford to help people who cannot afford any of the above.

    Kenneth N.C.

    November 7, 2008 at 2:38 pm |
  63. Bruce St Paul MN

    I don't think things can wait for the new administration. The lame duck congress will have to do something massive in the short term. A stimulus package needs to tie jobs, infrastructure, and energy independence together. The auto industry needs cash, the middle class needs cash, poor people need cash. And fast. If they can address that in a way that leads to some of our long term goals, it will be an investment rather than a giveaway. The Obama team should work behind the scenes to get the ball rolling starting November 17, when congress convenes.

    November 7, 2008 at 2:38 pm |
  64. Barbara - 65 yr old white female in NC

    Send some of the millions of green-card holders back to their countries and fill the slots with the unemployed qualified Americans who trained them to take our jobs.

    November 7, 2008 at 2:39 pm |
  65. Tina (Texas)

    Beats me but I am glad it is not my job.

    November 7, 2008 at 2:39 pm |
  66. Brian from Fort Mill, SC

    Nobody can slow down the rate of job losses. He can, however, create jobs which will offset the jobs lost.

    November 7, 2008 at 2:43 pm |
  67. John, Fort Collins, CO

    Barack Obama must take a page from FDR by quickly creating new jobs. In todays' world, that would be in the areas of alternative energy and transportation, and the rebuilding of inner cities and other areas of decayed infrastructure. Each new job created would result in additional consumer spending that would help save existing jobs.

    November 7, 2008 at 2:43 pm |
  68. Rex in Portland, Ore.

    Creation of jobs should not be the business of the USGovernment other than the creation oif an atmosphere in which business can fluorish. Since the trickle down theory did not work, has never worked, and will not work, we should try some other approach. Balanced trade, perhaps? Tariffs on all goods manufactured abroad to incentivize domestic manufacturing? Limits on corporate greed?

    I know, and all of you should have realized by now, that taxes on businesses and corporations – as well as ALL expenses of businesses and corporations – are paid by the citizens. Taxes on corporations and businesses is in reality simply an increase in consumer pricing – perhaps they should be done away with as a matter of openness and clarity and the burden of government honestly placed upon the shoulders of the citizens. The disguise grows old and overbearing.

    November 7, 2008 at 2:45 pm |
  69. D. Rushing Texas

    Get jobs back for USA from China

    November 7, 2008 at 2:47 pm |
  70. Jim vancouver wa

    My Father worked in the CCC camps. What an oportunity for a program now modeled after that concept. Make sure money to bailout US auto makers goes toward plugin cars and trucks. (things that are utilitarien) (not just a lot of gas guzzeling art). Bring back regulations to keep the hogs from raiding our finacial gardens. You know, the basic skills for balancing the budget like they teach in the 5th and 6th grade should come into play here also. Go Obama. change is coming!

    November 7, 2008 at 2:48 pm |
  71. mitchell ,arkansaw

    invest in re-tooling the auto industry, providing jobs to those being laid off, by using them in the re-tooling. invest in re-tooling closed factories for windmills and solar panels and generators. do what obama's $15 billion /year calls for! invest $ in green jobs! is that not what he ran on? invest in infrastructure! these are jobs that can be created fixing things that are breaking . like collapsing bridges! most of all start pulling troops from iraq and let them pay their own way.

    November 7, 2008 at 2:49 pm |
  72. Michael "C" Lorton, Virginia

    Jack: That is a momentual task–and if I knew the answer to that question–it would be President-Elect Michael.

    November 7, 2008 at 2:50 pm |
  73. Frank from Peterborough

    That is simple he has already said tax breaks and incentives for companies that hire Americans and taxing those heavier that ship the jobs overseas. One thing about companies and corporations they love money and that is their one and only concern.

    November 7, 2008 at 2:50 pm |
  74. Jay-Mississippi

    First, they ultimately can't and should not. But they should reduce the top tax bracket on Corporations to 33% below France and also eliminate all tax loopholes. They can also provide some tax incentives for keeping jobs here at home, and ask corporations to use attrition and early retirement first to reduce overhead from payroll and also ask them to sharply reduce executive management pay. A company that reduce it payroll by 25% or more will be better position to retain current employees or hire more employees. Retirees and highly compensated executives they will okay, in the very real sense of the words.

    November 7, 2008 at 2:51 pm |
  75. Donald Maier

    1. Meet with select members of Congress and present his best advise to be inacted upon before he takes office.
    2. Make wise choises for his cabinate to give the country and the financial markets the confidence they need.
    3. Have new confrences to give more detailed steps that will be taken.

    Don
    Marietta, GA

    November 7, 2008 at 2:51 pm |
  76. Marty

    If Obama is able to implement his "green jobs" and infastructure ideas, it would really help with job growth and may even kickstart the economy. Other than that, I'm not sure there is too much a president can do in a capitalist society.

    November 7, 2008 at 2:52 pm |
  77. Lori in Michigan

    By giving us employment in his administration!

    November 7, 2008 at 2:52 pm |
  78. Bev, Los Angeles

    With a strong stimulus program that starts to repair bridges, roads, schools and streets of our major cities and rural areas. As well, give some capital to the automakers that sign an agreement to only produce fuel-efficient cars. Lastly, take some of the old manufacturing buildings that are now empty and start producing solar panels and wind turbines. All of these will creat jobs andsave some of the ones that would be lost.

    November 7, 2008 at 2:53 pm |
  79. Paul S. Columbia, SC

    American jobs are for Americans. Close the borders, oust the illegals, and discontinue all visas of any kind. Go ahead and move your company off shore. To maintain "fairness", when you ship your product here the duties imposed will make the price of your product competitive with domestically produced goods. The duties collected will be used to offset losses to Americans by your betrayal.

    November 7, 2008 at 2:56 pm |
  80. karen raleigh

    create new ones quickly

    November 7, 2008 at 3:04 pm |
  81. erico 33139

    One sure way would be to place a hold on all consumer good imports that could be made in the USA. The Chinese won't lke the idea.

    November 7, 2008 at 3:06 pm |
  82. James in TN

    1. immediately roll back the Bush tax cut for the wealthy.
    2 Give a tax credit to those who hire people in the immediate future along with the tax break already planned
    3 get started on his economic plan A.S.A.P.

    I think he has the right plan just the matter a doing it will take a little time.

    November 7, 2008 at 3:06 pm |
  83. Greg in Cabot AR

    To slow the loss of jobs in the U.S., Congress needs to impose severe tax penalties on companies that ship jobs off-shore, eliminate tax breaks for companies that already outsource jobs and offer BIG tax cuts to companies that bring jobs back.

    Tax cuts for individuals will do for the economy little if you are not working. An income tax rate of 15% on zero income is still the same as an income tax rate of 25%.......still zero.

    November 7, 2008 at 3:07 pm |
  84. lynnej

    First restructure the home mortgage sector. If a person has a job and can pay SOMETHING on a mortgage, LET THEM STAY IN IT. Second, repeal the tax credits for companies that create jobs overseas. Give them tax breaks to create jobs here.

    Mandate that CEOs don't make more than 1 million a year. If they can't live off that, they need help. The extra money and the bonuses can go back into the company for pay raises and new jobs.

    Start immediately on the infrastructure with new roads, bridges and light rail train systems linking the rural areas to the bigger cities. That would be a start.

    November 7, 2008 at 3:09 pm |
  85. Cori from Colorado

    Taking jobs from overseas and bringing them back onto our soil.

    November 7, 2008 at 3:11 pm |
  86. wally Ruehmann las vegas nv

    that's the million dollar question, when the company's have been rewarded for moving overseas, and what company's have remained in country have been aloud to hire cheep labor from illegals, the writing's on the wall. we have to take care of ourself and not the world, end both war's and start government projects for our people. but this is not a overnight deal.

    November 7, 2008 at 3:12 pm |
  87. Richard - Knoxville TN

    There have been a lot of good (and some not so good) comments -
    Personal belief is that, on Jan 21, 2009, Obama needs to have a meeting with ALL the Manufacturing and Labor leadership and say -
    Our stimulus package is not going to be a cash handout - It is going to be rebuilding the USA - On Feb 1 of this year, we the people of the USA want the smell of ashphalt and the sound of cement mixers to permeate the air. Repairing roads, rebuilding bridges, laying new train tracks - By the end of March we want plans laid out on a new electrical network that will suport clean electrial technology - By the June 1 we want pipe lines and other means of natural gas movement underway to convert our oil fired power plants to gas - By September 1 we want Chysler, GM & Ford to begin building manufacturing plants to make medium sized cars that will get 50 MPG - AND on October 1 of this year we will have another meeting to measure our progress & set new goals - NOW - LETS DO IT - LETS GET 'ER DONE -

    November 7, 2008 at 3:15 pm |
  88. Debora I from Nauvoo, IL

    Let's get health care off the back of large and small businesses. Why should we have all these layers of vastly overpaid executives between the health care consumer and the service provider? It takes millions of dollars out of the system to pay folks who do no more than shuffle money and deny care. Then, let's start on drug companies–same problem with executives, but another question on prices. Why should drugs cost two or three times as much when taken by an American? Why should doctors be paid thousands of dollars per hour? Why should hospitals be allowed to set rates that quarantee huge profits for–you quessed it, their chief executives? Barak Obama promised health care REFORM and that's how to bring back jobs and a strong economy. Far less money to health care system executives.

    November 7, 2008 at 3:16 pm |
  89. Stacy from Loudoun County VA

    Jack, realistically more jobs are going to be lost before they are gained. Here’s what I think should be done. Auto Industry: No bailout, an investment. The government works hand in hand with the automakers to build the cars of the future. The poison pill: the jobs have to stay in the USA, no outsourcing period. Energy: Invest right now and lay out all sources and put people to work tomorrow (coal, nuclear, wind, solar, drilling, natural gas). Government: Immediate tax breaks to companies that keep or bring back jobs to the US. Training programs set up in community colleges to get people the skills they need right away to prepare them for the jobs right now. Spend on infrastructure and invest in America—immediate withdrawal from Iraq to help fund this effort. This is just a short answer…not enough time or space for the long answer!

    November 7, 2008 at 3:17 pm |
  90. Simpliticus

    This is like asking FDR to wish away the Depression on the day he took office. Bush has left the incoming president with enormous problems which are baked into the cake. In like fashion expect Obama to give many uplifting talks about what he plans to do when he takes office in two and a half months. Before then, it is Bush's game and he is ultimately responsible for this implacable situation which the new president finds himself. Many of these problems were Bush's and he must be held to blame!

    November 7, 2008 at 3:17 pm |
  91. Mike from Dartmouth

    Save auto workers jobs? – Instead of the US of A and my tax dollars being used to bail out the auto industry..how about Exxon and all the others with record profits bail them out. After all, they support each other. Too novel? Probably would make too much sense to be considered.

    November 7, 2008 at 3:18 pm |
  92. George

    Unless someone goes in and shoos out the old administration there isn't anything that can be done by another administration until the old one is out of office. Good gosh man, Obama isn't even in office yet, and people are pushing for answers on what he is gonna do. You can bet your last dollar that the new adminisrtration will hit the ground running ONCE IT IS IN POWER, and you will see great changes taking place, because that is what the people voted for, and it will happen, and they won't need the help of Haliburton to get it done.

    November 7, 2008 at 3:18 pm |
  93. Joe in DE

    Tax credit for businesses with a a workforce made up of a high percentage of US citizens. Paid by an overall corporate tax increase, the credit proportioned to the revenue from the increase. 50% Us workforce – break even. Higher percent net decrease; lower percent pay more. Most small business and some alrge would qualify for a decrease.

    This is permanent shif in taxes that would discourage shipping industry overseas and outsourcing. Obama should also drastically cut "high tech" visas.

    November 7, 2008 at 3:20 pm |
  94. Nancy, Tennessee

    I can think of a lot of things that will help the job market. Make the public more aware of purchasing items made by workers in other countries. We need to bring back the ads that ran in the 80's that reminded people to look for "Made in the USA" labels. If all our products we purchase are made outside the United States, we are not doing our fellow workers right nor the economy of the country. Barack Obama can help by doing what he promised – give incentives to companies to bring the jobs back.

    November 7, 2008 at 3:22 pm |
  95. Matt in Minneapolis

    Presidents hardly have any impact on the economy, other than being a cheerleader. Get some sound monetary policy from the Fed and that will help, but that's about all the president can do.

    Matt
    Minneapolis, MN

    November 7, 2008 at 3:22 pm |
  96. J.B. - Harrisburg, PA.

    SIMPLE...It's called, CAPITALISM!!!

    November 7, 2008 at 3:24 pm |
  97. Mark

    Obama needs to take a look at the WPA and all the other public works projects FDR created to get America working again back in the 1930s. It's time to get the New Deal out, dust it off and apply it to 21st century needs.

    November 7, 2008 at 3:24 pm |
  98. Brian from Fort Mill, SC

    We could open up sweatshops right here in America, so we can manufacture cheap goods and export them to China.
    They already have Wal-Mart, so they shouldn't have any problems!

    November 7, 2008 at 3:24 pm |
  99. Nick - Cary, North Carolina

    In no particular order Obama needs to restrain unrestricted trade and enforce fair trade. Nations like China decimate our industries with substandard and dangerous products produced by those who steal our intellectual property and do not respect workers' rights. Second he needs to fund existing infrastructure projects and initiate new ones, our water supply, power grids and transportation systems are in desparate need. Finally he needs to pump money into the middle class which needs to once again be the engine of commerce. This is perhaps the trickiest portion, since "give aways" are merely temporary expediencies that will sustain growth only in the short run. In addition to temporary stimulus we need long term initiatives.

    November 7, 2008 at 3:25 pm |
  100. Pat in NM

    In the short term, Obama needs to start reclaiming the jobs lost abroad. In the long term he needs to incentivize innovation, both at the corporate and the individual entrepreneur level.

    November 7, 2008 at 3:28 pm |
  101. Dave Bail

    Saving Detroit/Stimulating the Economy

    It's been all over the news, putting money into Detroit for the auto industry, trying to save it and help it convert to more hybrid production. Probably preferred stock or warrants.

    OK – here's the benefit for the whole economy now.

    How old are the fleet vehicles in the federal government? Why not order all new hybrids from Detroit now – and let the states buy off that contract too – even give them the money as a stimulus to do it too.

    So, invest in Detroit to convert it, buy all new vehicles and give Detroit some profit, all the vehicles are green, the public's investment gets paid back, and states get stimulated too.

    Dave
    Corinth, KY

    November 7, 2008 at 3:28 pm |
  102. Mike, Syracuse NY

    We are outsourcing millions of jobs right here in the US. There are 12-20 million people illegally in the country. That means millions of jobs that could go to Americans are held by illegal aliens. Put a $500 bounty on each one turned in to the Immigration Service. Presto, millions of available US jobs for a paltry $6-10B gov't 'stimulus' package.

    November 7, 2008 at 3:29 pm |
  103. Bob in Baltimore

    Complicated yet necessary question.

    We have been on the verge of infrastructure collapse in many areas, electrical grid, bridges, and the very outdated air traffic control system.

    With the right poeple in place to fairly contract out these three projects alone and with some pit bull accountants who will absolutely prosecute any wrong doer's, we could easily put some the best people who have been screwed by big business back to work in very short order and with reasonable budgets. Easily 1.5 million on the projects I have noted. The key once again is strick oversight and SEVERE penalties for those who abuse. No more war profiteers!

    A combination of Federal, State, and local authorites working together for a change, real change would do much to help the ill's of the last 8 years of the few dictating to the rest.

    November 7, 2008 at 3:33 pm |
  104. Ralph Nelson

    He's gonna have to spend like a wild man! Ralph, Yakima Wa.

    November 7, 2008 at 3:35 pm |
  105. Karen - Nashville

    There is no instant fix. The schools here are terrible, and until they start turning out desirable employees at every level jobs will keep walking away to other countries and foreign products will continue to invade our markets. And parents: Your kids are our future. Teach them to be responsible!

    November 7, 2008 at 3:36 pm |
  106. John in Santa Barbara, CA

    Job losses are a sympton of economic decline, not a cause. We need to put cash into the hands of the middle class, who will go out and spend it. "Trickle Down" didn't happen, the Regan revolution is dead. Hurry let's dig a hole for it, before it stinks any worse than it has. Obama needs to take a page out of FDR's book, and give this economy a kick start.

    November 7, 2008 at 3:37 pm |
  107. marti thompson

    By parting the Red Sea to make it easier to get to work....

    November 7, 2008 at 3:37 pm |
  108. Annie Kraft Naples FL

    God only knows. First of all he needs a work program on infrastructure to start as soon as possible. THen he needs to make sure the bailout goes to alleviate credit problems not shore up banks. Working togehter to provide jobs here and STOP outsourcing. No tax breaks for corporations UNLESS they do business in this country. For Example, screw Pfizer they are leaving the country, let them take their products with them. Thank god it is Obama and not McCain in there...could you imagine him at a press conference and economic meeting like this?I sure cant.

    November 7, 2008 at 3:39 pm |
  109. Walter, Ontario

    You may not want to hear this but I fear corporations are meeting right now in secret rooms, deciding to cut jobs, ask for more subsidies and break Union Contracts. They'll use the bad economy and Obama's Policies as an excuse ..... these are bad dudes!!

    November 7, 2008 at 3:40 pm |
  110. Sly, Alpena, Mi

    That's going to be a very tough task, and i wish him luck, because he's going to need it.

    November 7, 2008 at 3:41 pm |
  111. just me

    Seems like an impossible task. Suggestion–fire the corrupt incompetent greedy CEOs in the auto industry, oil and wall street. Replace them with CEOs making no more that 8x the salary of the highest paid employee with no bonuses. Stream line the top heavy executives. Lay off excess not just the working stiff. Repair our infrastructure.

    November 7, 2008 at 3:44 pm |
  112. bill in PA

    Intelligence, common sense, integrity, respect for truth, investment not greed, prosecute those that have broken the law, compassion, planning, necessary re-regulation, cooperation and negotiation are the keys.
    Enlist all Americans in the huge rebuilding task that will help us get out of the current but, building recession, which may run for years before we are growing again.
    Patience and respect for progress too will be necessary.

    November 7, 2008 at 3:45 pm |
  113. Alex

    Jack, if Obama can cut taxes for everyone regardless of income, they'll spend more which will prevent businesses from laying off-jobs due to low spending. If he can also cut taxes for all businesses regardless of size, they'll be able to create new jobs. However, Obama plans on raising taxes for some people and many businesses. I hope he realizes this is not a good idea right now and he abandons his plan to raise taxes.

    November 7, 2008 at 3:47 pm |
  114. Daniel Ambrose

    He probably will have a very difficult task in accomplishing that. He cannot control how companies hires people. But something has to be done soon and swift as too many people are losing jobs, losing their 401K, losing their homes...and the beat goes on.

    November 7, 2008 at 3:47 pm |
  115. Don, Milwaukee

    End our corporate run government and the corporate socialist wellfare programs. End the tax loop holes for the wealthy.

    CEO's might have to sell a yacht or two and companies might have to cut some luxury trips and dinners, but I am sure they will still profit.

    Maybe, just maybe they will regain their sense of patriotic duty and care for their fellow American workers and customers.

    November 7, 2008 at 3:47 pm |
  116. Bill, Quarryville, Pa

    Our leaders were so low slow in addressing the problems or seeing them for that matter, that it has become almost too late to stop or slow down a recession. What they need to worry about is stopping the economy from falling into a depression. I think they need to create jobs in the same way Roosevelt did. We have many roads and bridges that need repaired and alternative fuels to develop and become more mainstream. It's like a plague that sweeps across the nation all you can do are bury the dead and develop a vaccine to stop it from happening again.

    November 7, 2008 at 3:50 pm |
  117. Laura, Boston

    Sit down and work with John McCain on this plan. He really had some good ideas that would spur growth in the business world. I bet he would find an ally in Senator McCain (due to his background of many years reaching across the aisle to work with the opposition).

    November 7, 2008 at 3:55 pm |
  118. Jim/NC

    Pull all troops from foreign lands and spread them across the northern and southern borders, west and east coasts and announce to the world to kiss our behinds. We will increase jobs and take care of ourselves...we have the resources to do this!

    November 7, 2008 at 3:57 pm |
  119. Roger in Espanola, New Mexico

    There won't be much the Obama administration can do directly. But boosting confidence in our econmy will be very important after the situation is given close scrutiny and the right stimulus is given to business. The longer this snowball rolls downhill, and the larger it gets, the longer it will take to halt this downward slide. Eliminating greed from wall street and large corporations will help

    November 7, 2008 at 3:58 pm |
  120. Karen McCullough

    Hi Jack,

    As long as we have no "in country" manufacturing, the jobs will continue to decline. We need to limit tax incentives to companies with manufacturing right here in the United States and tax the imports of those who manufacture products elsewhere. We are not all capable of holding scientific and technical jobs. We need to bring back basic jobs that anyone can hold.

    November 7, 2008 at 3:58 pm |
  121. Mickie

    As he said in his campaign speeches, stop the tax breaks to companies sending jobs overseas. Laura of Boston makes me laugh – McCain supported the tax breaks for companies sending jobs overseas and that's a big part of what got us into this high unemployment. McCain should try working with Pres. Elect Obama, not the other way around.

    November 7, 2008 at 3:59 pm |
  122. Karl in CA

    There are many facets to this, but the basic task at hand is to make it feasible to companies to create jobs here in the USA and more feasible to bring back lost jobs to our shores. Heavy taxing of former American made products being imported now from workers overseas is a start. A WPA type work force can rebuilt our infrastructure and help take up the slack in the missing jobs and can be financed by the higher tariffs on imported former US goods.

    November 7, 2008 at 3:59 pm |
  123. Mike - Hot Springs, Ar.

    Bush has managed to screw this nation up so much that it will be a monumental task. Perhaps his crew of economic advisors can come up with some ideas. The one thing for sure is to leave Bush and his advisors out of that loop. He needs to use the minds of Buffett and other similar business leaders – and not make it political.

    November 7, 2008 at 3:59 pm |
  124. Paula (Indiana)

    Obama already started his process with today's briefing. I love his FDR approach to calming the fears of the American people. Yes, things are horrible... but it is fear itself that will be our undoing. His reassurance that he is hard at work already implementing the ideas he set forth during his campaign is the calming force keeping a lid on fear. Even when unspoken he makes us believe "yes we can" get through this. His incredible inner light is like a beacon guiding us out of darkness.

    November 7, 2008 at 4:01 pm |
  125. C. Farrell, Houston, Tx

    We talk about job loss and what it means to individual households and not the components of the job which must first be assessed. If we look at the latter first then we can determine to invest capital needed to save those jobs and how they can be retooled to be more competitive in the world market.

    November 7, 2008 at 4:02 pm |
  126. Alan, Buxton Maine

    By stopping the greedy, unscrupulous crooks who now control American corporations and encouraging reconstruction of our infrastructure, energy and financial sectors. We need a sound foundation not one built on short term profits for the top 1%.

    November 7, 2008 at 4:02 pm |
  127. Chris from Atlanta.

    Jack, Obama could do so much for the country buy just taking over form Bush as soon as possible.

    The fact that we have to wait an additional 3 months for him to take over might actually stall progress in the markets.

    He should do what he's been talking about: invest in businesses, the middle class, and stabilize the state governments that are bleeding cash and laying government employees.

    That will surely stop job losses.

    November 7, 2008 at 4:04 pm |
  128. odessa ohio

    no matter what obama does for creating new jobs, it will be worth it..obama is very smart and he knows how create jobs and get the healthcare fixed for good so all americans won't suffer in the end..he doesn't need any advice from bush because bush gave us a bad rap all over the world..obama will do just fine with the economy..

    November 7, 2008 at 4:05 pm |
  129. BG, Seattle WA

    Create job opportunities that focus on the future such as the energy agenda and provide the financial support to implement these plans. All this talk about spending needs to recognize that the government isn't going to simply stop spending money, but the key is to spend in a manner that will support the economy and people. The mortgage crisis can not be addressed as long as everyone are losing their jobs.

    November 7, 2008 at 4:05 pm |
  130. Kyle- DuPont, WA

    Hire all of McCain's staff before they start claiming unemployment benefits.

    November 7, 2008 at 4:05 pm |
  131. dee in dallas, tx

    He can't stop what is already in motion...there is still another month before he takes oath...there will be more of this to come...

    Getting us out of this economic mess will take an act of GOD, and contrary to what many folks like to think, Obama is just one man!!!!

    November 7, 2008 at 4:06 pm |
  132. Bert K. Los Angeles

    President-elect Barack Obama has achieved big dreams and therefore he has the résumé and the "Yes We Can" charcter that can inspire the Nation to create new jobs. One project he has anounced is to build clean air cars right here in the U.S.A. Another dream that he can acheive to get the country "Back on Track" is to commence a Public-Works Project of building a new national transportation system such as a High-Speed electric train network from Boston to L.A., and Chicago to Dallas. This would create jobs, provide an alternative to oil dependance, and provide clean transportation. New electric power plants powered by wind, solar, natural gas and clean coal would need to be built along the new set of tracks. This idea sounds like a dream, but with President Obama in office it sounds like a another "Yes WE Can" dream. That "Yes We Can" charcter is how President Obama will slow / reverse job loss.

    November 7, 2008 at 4:07 pm |
  133. Lynn, CA

    If he is ready on day one of his Presidency to begin his move in the direction of Green Energy, promote State projects to rebuild our infrastructure, secure our borders and make sure jobs are going to our un-employed and not illegals by enforcing current employment laws would be a good start – the sooner we stop bleeding our taxes into the pockets of war profiteers like Halliburton the better.
    Lynn, CA

    November 7, 2008 at 4:07 pm |
  134. S, Michigan

    By helping out industries and companies that employ hundreds of 1000s of people first (say, Automotive Industry); did you know the USofA is the only country in the world whose govt does not consistently and on an ongoing basis protect it's own Automotive Companies (compared to Japan, Korea, Germany, India)? Those govts pay a large portion of R&D costs, Healthcare, etc. How can the US companies keep up if we/our govt doesn't help our own companies to compete on an equal playing field?

    November 7, 2008 at 4:08 pm |
  135. lisa from FL

    Jack...he has no "official" authority. He can use the power he does have to calm consumer confidence and let them know the calvary is on the way. I wish we could blink and January 20th was here.

    November 7, 2008 at 4:10 pm |
  136. mohmmad

    i think that barack obama will help everyone find jobs and pay for college for young people from dallas

    November 7, 2008 at 4:12 pm |
  137. Julie in Md

    Obama should establish a Commission to identify industries critical to national security & the econnomy; and determine the best way to secure them. Provbablly tax credits or subsidies ( a lot of countries subsidize theur industries).

    I suggest: Electronics, Computer technology, Steel, Autos, Appliances, and Agriculture (most sea food & a lot of other things being imorted from places with no health, safety, or environmental standards). .

    November 7, 2008 at 4:13 pm |
  138. Donna Colorado Springs,Co

    He can't do anything about job loss at the moment. Unfortunately, Bush is still running the store, and maybe he'll do something to help his legacy that might actually help the rest of us too. Obama really has his work cut out for him and I hope that he can make a difference.

    November 7, 2008 at 4:14 pm |
  139. Kerry Diehl

    Follow McCain's plans

    November 7, 2008 at 4:15 pm |
  140. Linda in Florida

    I voted for Barack and I hope he follows through with his campaign promise to tax companies who send jobs out of this country and give tax credits to companies who keep jobs in this country

    November 7, 2008 at 4:16 pm |
  141. D

    Not much until he take over and get his agenda started.

    November 7, 2008 at 4:16 pm |
  142. Teresa

    They are both party leaders before they are Americans. We have no room in this mess for their chaos.

    November 7, 2008 at 4:17 pm |
  143. David,San Bernardino,CA.

    The Bush administrations policies have destroyed the Auto Industry,financial-services industry and the health-care industry with many to follow. This is going to be just like the 1930's and take several years to fix. First thing,create a national job creation policy to put people back to work repairing the nation's infrastructure to make the country competitive
    again and change the laws so companies are not rewarded for sending jobs overseas. Every American citizen is going to have to pull up their socks and work to bring our country back. There is no longer a free ride.

    November 7, 2008 at 4:18 pm |
  144. William Newbill

    Obama starts by advocating an economic stimulus package in the 300 to 400 billion range. Obviously regulating hedge funds, derivatives, investment banks, credit rating agencies, and shutting down and prohibiting credit default swaps would be another good start. He could enact a 120 day foreclosure freeze and try to workout mortgage terms for people who were victimized by loan brokers, banks and the other crooks who run this so-called transparent American economy.

    November 7, 2008 at 4:18 pm |
  145. Jay in Texas

    Since I believe outrageously high gasoline prices were the basic cause of the Depression, oops I mean Recession, we are in and the cause of the housing crisis, job losses, and inflation, I believe the new administration should focus on keeping oil and gas prices down and stop all the whining about our "dependence on foreign oil". With falling oil and gas prices and the discovery of some of the largest oil fields ever found, now is the time to buy more and use more foreign oil and not less. That way we can save our own oil reserves until we really need them.
    Brownwood, Texas

    November 7, 2008 at 4:19 pm |
  146. Lashone Holland

    By thinking about everyone and not just the wealthy! Remember whose on the frontline. These politician and CEO's wouldn't be as priveleged if it wasn't for the bottom bringing money to the top! What's hard for me to grasp is why the GOP can't rap their mind around this.

    November 7, 2008 at 4:22 pm |
  147. Diane, Barneveld, NY

    Tax the rich as they should be taxed, (don't say that isn't fair, with all the loopholes they have they pay less in taxes than most Americans.), fine the wall street companies that take bail-out money and give CEO's bonuses and pay raises, tax American companies that export jobs and import goods made with those lost jobs, and give tax breaks to companies that make more jobs for Americans. That's a start.

    November 7, 2008 at 4:23 pm |
  148. Diane Glasser

    Halt the exporting of jobs to overseas and provide good sound incentives to keep jobs in USA. Start working on building a greener America with sound incentives that will provide new job opportunities for all levels of the nation's work force. Provide on-the-job training to create new avenues for those affected by job areas that have faded away.

    November 7, 2008 at 4:24 pm |
  149. DAN FROM BLOOMINGTON INDIANA

    by creating new ones. How many jobs can be gained by improving infrastructure and through going green? Green energy jobs alone could offset all the layoffs in Detroit.

    November 7, 2008 at 4:26 pm |
  150. John in Arizona

    Jack, President-elect Obama has a fantastic opportunity to initiate a New Deal caliber program of environmental job creation and infrastructure renewal that can immediately create jobs that will endure into the future and which will energize our economy in the fierce urgency of now.

    November 7, 2008 at 4:26 pm |
  151. Lashone Holland

    It will be a long ride and unfortunately this man will have to fix a mountain of problems, but I think he's the guiding light that we've been looking for in the mist of this dark land that we are now living in. Heaven has finally come to Earth. The number 44!

    November 7, 2008 at 4:27 pm |
  152. Terry in Hanover County

    Start by restoring confidence in the government itself and end partisanship. Cancel tax breaks for companies that outsource and give tax breaks to those companies that keep Americans employed in America. Grant tax breaks for manufacturing to ramp up production to produce solar panels, electric cars, and whatever is needed to help President Obama achieve the Green Dream. Finally, bring the troops home and increase healthcare funding for them which will also create more jobs in the healthcare industry. Give veterans a tax break. They've earned it.

    November 7, 2008 at 4:29 pm |
  153. Linda in Bisbee, AZ

    That's above my pay grade. Sorry. I trust Obama and the smart people advising him to come up with something. Whether it will work is another story. Let's remember bush isn't gone yet. I'm not sure he really means to leave.

    November 7, 2008 at 4:31 pm |
  154. Diane Dagenais Turbide

    Dear Jack,

    one soluiton...back to school. Education can no longer be consider an expense it is an investment. We all know that the future economic success of every human being is achieved by having a higher education.

    November 7, 2008 at 4:31 pm |
  155. Lynn, Columbia, Mo..

    Hey Jack, this is Friday. Why are you asking such hard questions and making me think? I'm fresh out of ideas. I need a cute Friday question.

    November 7, 2008 at 4:33 pm |
  156. Ihek, NY

    The federal government should lead the way to creating jobs by unfreezing all frozen federal jobs, remove all the obstacles they have placed in the way of job applicants and they should advice the states and local governments to do the same. For example, there is an age discrimination practice by the federal government not to hire people over 37 years old. That is age discrimination. I know that the private sector will start hiring for diversity as they always do when the Democrats are in the White House. Trust me, diversity is going to be a new old buzz word around here. The media is touting it already.

    Another thing that should be done is for employers to stop passing unemployed people and hiring those who have jobs. This practice is devilish and inhumane and should be outlawed. If I was in Congress, I will write a bill to outlaw hiring those who have jobs while passing on those who are unemployed. Any employer doing this should be fined and tried.
    Ihek, NY

    November 7, 2008 at 4:36 pm |
  157. Jerry from Jacksonville

    A good stimulas package that targets building the american infrastructure back to a level that meets the needs of the people. This would also add alot of badly needed jobs, while helping out with badly need projects.

    November 7, 2008 at 4:37 pm |
  158. RZJR - CA

    Jack, that's like asking...How do stop a runaway freight train rolling down a mountain at 80 MPH, loaded with explosives.

    The answer is you don't...you let it get to flat land then you apply all the emergency steps to slow it down and stop it before it jumps the tracks and explodes, if it hadn't done so already. Then you clean up the mess and fire the engineer and his staff.

    November 7, 2008 at 4:37 pm |
  159. Michael from Greenfield, Wi.

    Obama has already said it. He will reward company's that put country first, instead of shipping jobs to slave labor country's like Tailand which is not global competition. He can also reward company's that operate like SC Johnson which has never laid off a soul in 122 years of operations. If SC Johnson can do it, so can the others. In other words put away the overwhelming greed idiots.

    November 7, 2008 at 4:39 pm |
  160. Tom - Las Vegas, Nevada

    Invest in emerging technologies and infrastructure improvement. The GOP likes to claim that these are big government but this is what government is meant to do. These are the actions that drew us out of the Great Depression and created the boom times of the eighties and nineties.

    November 7, 2008 at 4:46 pm |
  161. Thomas, Yo.town, OH

    They won't have to worry about that too much Jack. It's basically a done deal already. Most corps. will layoff before year end. After the holidays, the retailers will layoff. By the time Barack takes over when it counts, job loss will be bottomed out and we'll be ready for the uphill climb.

    November 7, 2008 at 4:47 pm |
  162. Chris, Thousand Oaks Ca

    By creating the New New Deal – investing in our infrastructure, technology and a green economy.

    Another thing would be to offer tax incentives for foreign automakers to build their cars for North America right here in the plants that will be closing when GM, Chrysler and Ford go bankrupt.

    November 7, 2008 at 4:47 pm |
  163. Don

    We have seen what corporate run America has gotten us. It's time to break up those big businesses into manageable sized enterprises, fire the CEOs, and use big oils windfall profits for research on renewable energy.

    November 7, 2008 at 4:48 pm |
  164. Gene Bloomongton, MN

    First things first, they need to go to the Mall of America and try their luck to find items that are made in the USA. There's almost none. Then, try to figure out how to bring them back

    November 7, 2008 at 4:51 pm |
  165. frannie, mansfield, ohio

    The quickest help is Obama's plan to create jobs restoring our infrastructure and going green. His measures to help restore the job situation in general will of course take longer, but when the jobs came back, we'd be driving to work over safer bridges in more fuel-efficient cars. P.S. I love the "mutts like me" comment, I've always thought of myself as a mutt considering the many diverse cultures that make up my family background.

    November 7, 2008 at 4:53 pm |
  166. Ben from Michigan State University

    I believe that Obama needs to look at bringing manufacturing back to the United States. That should consist of not only bringing back American manufacturing, but encouraging more foreign companies to build manufacturing plants here. Companies need to get back to the Henry Ford idea that as a company, you want to pay your employees well so that they can actually buy your product. When you outsource your manufacturing, you also outsource part of your customer base.

    November 7, 2008 at 4:55 pm |
  167. Jenny from Nanuet, New York

    They can act as if they actually care about the needs of ALL the American people-not just the rich. That will go a long way towards helping fix the economy.

    November 7, 2008 at 4:57 pm |
  168. James in Trubble Again

    Jack (1) 4 day work week, (2) Close the border (3) No more work visas (4) Create work camps repairing our National parks, (5) Change our cars to Natural Gas from petroleum (6) Repair our infrastructure, (7) Change retirement age to 60, (8) Lower class room size to 20 maximum, (9) Increase new business start up loans or grants, (10) No imports for children’s cloths, toys, furniture, and baby food, (11) All Military supplies and weapons made in America, (12) Build a trans-continental high speed monorail magnet Train system. , (13) Create a pre Military Service system so all American that want to get into the Military can get Qualified by getting a GED, boot camp training, social skills, and can improve their chances of joining the Military. from 17 years to 40 years old.

    November 7, 2008 at 5:00 pm |
  169. andrea from MA

    make community colleges free to start training people for biotech and green jobs now !!!!!!!!!!!!!!!!

    November 7, 2008 at 5:03 pm |
  170. Jake, Oregon

    It took 8 years for Bush to put us in this position, and it was by way of the greed of the wealthiest Americans through deregulation they bought and paid for. There is no instant fix. It will take time and effort and a dedication as firm from the GOP as the Democrats. So far the GOP is still looking for openings in which to toss monkey wrenches. Until the GOP figures out they work for the people, and Congress acts as one, we are still stuck with Bush policies. Remember, they put a convicted felon in office in Alaska. They are capable of any number of dirty tricks if that kind of ignorance represents their choice in leadership.

    November 7, 2008 at 5:03 pm |
  171. NANCY , Grand Ledge MI

    He can spur new job growth and that will help to slow the loss. When people don't have a job, they don't have money and can't spend. Then others lose their jobs because no one is spending! The downward spiral can only be broken when people have money again! And when loans become available so people can buy houses and cars.

    November 7, 2008 at 5:04 pm |
  172. Jude from Rohnert Pk

    Jack,

    This won't help unemployment or the recession, but it will do my heart good..........put all of the admistration, who has caused this nightmare, while getting rich themselves, on trial for treason.

    November 7, 2008 at 5:05 pm |
  173. Michael Fermanich, Marinette, Wisconsin

    Jack it would be nice if the question by President Elect Obama would direct our United States Corporations to be loyal to the citizens of the United States instead of overseas agendas.

    November 7, 2008 at 5:05 pm |
  174. CHITOWNGAL07

    By making sure that jobs are available to those who are legally authorized to work in the United States. I saw a clip of Obama yesterday talking about how impossible it is to deport 12 million illegal immigrants and that he favors amnesty for those who are here already. Just food for thought but if there are not enough jobs for American citizens now wouldn't it be wise to make sure that those few jobs available are given to those who are legally here and capable of doing them?

    November 7, 2008 at 5:08 pm |
  175. Mic Bowie

    Partisans will disagree; however, I think the leaders on both sides will do better with an Obama/Biden Administration. For the two years that Pelosi and Ried have held power, they have been powerless under the DECIDER, W. Remember the approval ratings of the do-nothing congress before Pelosi & Reid? The one's that gave W. absolute power while many of them didn't even show up for work?! Thankfully, we have better leadership on the horizon. Things are going to be a lot better. Some folks may even get a 3am call or pink slip!

    Mic
    Smyrna, GA

    November 7, 2008 at 5:10 pm |
  176. Rob

    This country became great because we invented things the rest of the world needed. In the short run, we really do need the roads and bridges (like in Minneapolis) maintained, and noone using those structures should cry about the cost. Maybe it's not what those MBAs had in mind but it wouldn't hurt them to get their hands dirty. Down the road, he needs to reach our younger people, because we need new ideas where the next industrial revolution will come from. Instead of camping out for the next great video game, our kids should be designing it.

    November 7, 2008 at 5:11 pm |
  177. mike in ohio

    First, ditch the evangelicals. They do not represent the feelings of most Americans. Second, listen to the people. The republicans have got to learn that elected officials work for the people. Third, never use lies to start a war.

    November 7, 2008 at 5:13 pm |
  178. Nick D. Neighbour

    WHO CARES?
    Nick D. Neighbour.
    Pasadena. CA.

    November 7, 2008 at 5:13 pm |
  179. Jeff Crocket

    First Jack!! Find out what a green job is??? Are they in Whoville????

    November 7, 2008 at 5:14 pm |
  180. CMR

    I am sick and tired of people with their doom and gloom. America has decided our next president and for the first time in our history he is not white so get over it, show some support and be part of the solution because we have enough problems. If you don't like it then leave the country and take your prejudices and negativity with you.

    November 7, 2008 at 5:14 pm |
  181. Ed

    Make it here,buy it here.Make it there,buy it there."Free Trade". doesn't work.

    November 7, 2008 at 5:16 pm |
  182. Lyn, an American in Germany

    They must move more to the center. If they fail to compromise between the far right and the moderates, the United States will be looking at three major parties in the United States instead of two.

    November 7, 2008 at 5:16 pm |
  183. A. Ramsey

    I have thought for some time that the difference in Democrats and Republicans was that the Democrats largely seened to be the ones who had been through therapy and had worked on individual issues. They knew how to play...to listen to others respectfully, interact without manipulation, attempt to resolve conflict productively without shooting each other, and maintain a semblance of ethics. My suggestion, would be that Republicans check their pride at the door and go to therapy.

    November 7, 2008 at 5:16 pm |
  184. John in Rohnert Park

    First we need to tell every company that ran overseas that they've got six months to get back here or everyone of their products will be banned for importation to us and we need to get as many of our alleys to ban them as well. Then we need a major WPA type program designed to rebuild our crumbling infrastructure, build new green energy plants and retool our auto industry to electric vehicles.

    November 7, 2008 at 5:20 pm |
  185. Kim, Dodge City, Kansas

    By exercising common sense and logic for a change. The government would probably work just fine if it wasn't full of politicians.

    November 7, 2008 at 5:20 pm |
  186. Michael watching from Canada

    Obama's vision for a "green" economy is brilliant. In addressing the issue of independence from fossil fuels, new alternative technologies will not only create jobs, but it provide energy at a lower cost, thereby making the industrial sector competitive for the long term.

    November 7, 2008 at 5:21 pm |
  187. Rhonda P

    Since Chrysler and GM are experiencing record losses; perhaps they should talk to Exxon who is experiencing record profits! This could save taxpayers millions.

    November 7, 2008 at 5:22 pm |
  188. KELLY Mesa, AZ

    It seems like it will take a miracle. I got layed off a month ago and have spent everyday since trying to find a job with no luck... I can only pray that it will get better, but chances are it will get worse first! They need to start off by bailing out GM, Dodge and Ford so that more jobs arent loss and throw everything he can at the ailing economy ASAP!

    November 7, 2008 at 5:26 pm |
  189. vern-t anaheim,ca

    start something like the ccc back in the administration of franklin roosevelt,my father as a young man worked for them and it helped him get by until he could obtain a good job

    November 7, 2008 at 5:26 pm |
  190. Brad Rea

    I'm not sure if you noticed, but we just finished up an election campaign, Jack. The President-Elect talked many, many times about discontinuing the process of rewarding companies that ship jobs overseas, fast-tracking a heap of infrastructure projects into action (almost has a WPA ring to it), and lowering taxes on 98% of small businesses.

    Brad
    Rio Rancho, New Mexico

    November 7, 2008 at 5:27 pm |
  191. John Collinsville, IL.

    Jack re-tool america and GO GREEN !!!

    November 7, 2008 at 5:28 pm |
  192. Sherri

    There nothing much he can do NOW because Bush is the President until 1/20/09 and he has already stated he will not go along with a Economic Stimulus package!. Bush is a millionaire so what does he care about the American People and he already knows he has no legacy of respect to leave behind. President Obama will get the Stimulus package created and Congress will gladly pass it, this will in turn stimulate the economy because part of that package will be $$$$ for state's infrastructure to rebuild there bridges, roads, buildings and that will instantly create thousands of jobs He can work with the auto industries for tax breaks for future work in building hundreds of Hybrid cars, he can have another stimulus check for $600 for Americans that filed, they will spend that $$$$ on goods to stimulate the economy as well. Its not going to be easy and its not going to be quick BUT President Obama & Vice President Biden will work to bring relief for the American People. Something the Bush Administration never cared to do.

    November 7, 2008 at 5:28 pm |
  193. Tim from Seattle, WA

    Bailing out the Big Three, even though it won't be a popular move to bail out more businesses.
    The only way out is through job creation via infrastructure building, it won't slow down the losses in the private sector right now, but it creates job in the mean time, which eventually will lead to more confidence and more job creation in the private sector.

    November 7, 2008 at 5:31 pm |
  194. Rj

    Easy, stop letting Washington and all their corporate friends outsourcing our jobs to sweat shops in China. Does the US even manufacture anything anymore?

    November 7, 2008 at 5:31 pm |
  195. Terry Booker

    Can someone tell the American people what's really happening to stock market a day after the election? The crooks are trying to wash their hands. The Congress can now have oversight and there's a lot of scared crooks out there. The Oil companies with their fake hedge funds and futures traders. I bet a slow boat to Venezula looks good about now to them. The Bush administration has been cooking the books and now are trying to come clean. Please United States of America, get smart! There's more bad news to come, as the supressed information is released!

    TB Honolulu, Hawaii

    November 7, 2008 at 5:32 pm |
  196. Hal Partridge

    That’s a scary thought. I’m not sure I want to go there.

    They can’t. They are down and out. We elect presidents for 8 years, not 4. If one fails in his first term, we (well, we’re supposed to) vote ‘em out before a second chance at running the economy and culture into the ground as the rest of the world looks on with the equal dread and vindication that an audience feels while watching a Greek Tragic Hero slowly dragged into a much-deserved grave that blindness, arrogance, recklessness, amongst other unseemly character traits, dug for the withering body that was once unmatched and unmatchable—hence the arrogance and other character traits that result when one man confuses himself with the land itself, its ideals, and its people, as well as when they confuse him with its ideals and its history and the hope in the real nation’s heart.

    But the spirit lives. That’s what sequels are written for. So we are expecting Barack Obama to give us a good 8 years. I believe he shall. And this man shall not besmirch the brand as did Clinton and Bush. So we may still be enamored of Democrats in 2016. Don’t you hope we are? Don’t you hope this man delivers? Why would we want to chance a return to the Bummer Bush Days when things are going well? And remember, there’s the other Clinton who will unlikely besmirch the brand over the next rest of her lifetime, so maybe she would take over around that time. You know this was discussed during the vetting for the VP slot. You know, a promise like this was laid before her. It might just work out that way. If things are going well then, why should we care about the boastful-but-undelivering? What does it matter what name or ideology—really, now—is in charge if we can get things going better and stabilized. Maybe a sort of FDR thing but without the WW?

    Hal, Atlanta

    November 7, 2008 at 5:32 pm |
  197. Rupok

    Stop the jobs that are going overseas by making goods here then in other countries. Making USA more energy efficient should also bring more jobs because of the labor needed.

    Rupok
    Jersey City, NJ

    November 7, 2008 at 5:33 pm |
  198. Denise D. (Montréal)

    Hi Jack!

    The only thing President Obama can do for the moment is pushing the Bush administration to do the job before he takes office in January. If Bush spends his time left too often at his ranch, Obama should hold daily press conferences and talk about it. It will be another big stain on the Bush's years.

    Denise

    November 7, 2008 at 5:34 pm |
  199. Brian from Africa (the continent, not the country)

    Go Green. It's what the world needs now. Particularly green vehicles – you're inventive there in America. It'll create millions of new jobs and reduce your dependence on foreign fossil fuels, meaning your fuel dollars stay in your country – double win! If you don't already know it, Japan, South Korea, India, and several countries in Europe are way ahead of you in this technology. If you could land a man on the moon with the technology of the 1960s, you can certainly master this. It'll take money to do it, but you'll get it back in barrow-loads when you're done – turn a nice profit, that will. And jobs, jobs, jobs forever. By the way, we here in Africa have acres and acres of idle land if you need spare room to grow bio-fuels. Good luck, and call us when you're ready.

    November 7, 2008 at 5:41 pm |
  200. Alex

    Invest in human capital. Get every willing student in college.

    November 7, 2008 at 5:49 pm |
  201. El Gato

    He has to get the banks to release our $700B into the economy via new construction starts and business loans. Heck, you can't even get a car loan right now. I cannot believe Congress would approve a $700B bill then not put release stipulations on it, oh wait, yeah, it's Congress – I forgot.

    Federal Gov't should let out government contracts through the executive agencies on infrastructure improvements roads, bridges, mass transit systems, schools, medical facility upgrades, utility systems, ...). That will put some people to work and give the country something that we can use and point at!

    November 7, 2008 at 5:51 pm |
  202. Chris

    He has to avoid raising taxes on business to fund all of the programs he has promised. Here's an example. I ran a division that generated $35 million of revenue. I was directed by my corporate office that I had to produce a 6% profit, or risk loosing my job. When my expenses increased due to rising costs which were out of my control, such as raw materials, taxes, etc, I only had two choices. Raise prices, or cut expenses. The market wasn't right to raise prices much (which ultimately go right to the consumer). The largest expense I carried was labor. If taxes were increased 5% I would have to find $1,750,000 in labor/expense cuts. You can do the math and figure how many jobs that would cost. By the way, I made just over $100k.

    November 7, 2008 at 5:52 pm |
  203. Valarie in Castro Valley,California

    Another stimulus packet won't help. The last stimulus payment was taken away from most of the poor people by the states to pay their bills. Many never saw the money and that is why it did not work the first time. First we need to find out what is the extent of the damage that Bush done. Then go after those who stole our money in the first place. Expose those who did it. I think a lot more people will lose their jobs before this is all over. We haven't seen the bottom yet. We can only pray that President Obama and keep us from that point.

    November 7, 2008 at 5:54 pm |
  204. Bob (Welaka,Florida)

    The job losses are a lot worse than reported ..U3 is entirely too conservative ...U5 is a much more realistic measure, which would move our unemployment closer to 10%. That said, let's do what the Obama campaign has talked about:

    1) Rebuild the infrastructure. As it crumbles, so does our economy; and it will put a lot of people to work.

    2) Start a huge effort to build energy independence. Nuclear plants, wind farms, solar arrays, etc. We all know it is an imperative, and it will put a lot of our people to work. Let's prove we are actually a leader in this arena.

    3) Create real incentives for corporations (domestic or foreign) to create domestic jobs.

    4) Get tough on illegal immigration.

    4) Overhaul our tax system ..completely.

    5) Focus on educating our children ..it won't deliver immediate relief, but will be the bedrock on which we build our future.

    November 7, 2008 at 5:59 pm |
  205. Jacob

    I know this might sound stupid, but why not make it a law that every one is entitled to a job.

    November 7, 2008 at 6:00 pm |
  206. Mario

    Well its all about politics with these ppl... get ppl like bilderberg and federal reserve out the way who are governing our country behind closed doors by way of economic hardships and maybe the american ppl can have a chance at which was once the good ol "American dollar"

    November 7, 2008 at 6:09 pm |
  207. Mario lawrence

    Well its all about politics with these ppl... get ppl like bilderberg and federal reserve out the way who are governing our country behind closed doors by way of economic hardships and maybe the american ppl can have a chance at which was once the good ol "American dollar"

    Clinton, maryland

    November 7, 2008 at 6:11 pm |
  208. Mario L

    Well its all about politics with these ppl... get ppl like bilderberg and federal reserve out the way who are governing our country behind closed doors by way of economic hardships and maybe the american ppl can have a chance at which was once the good ol "American dollar"

    From Clinton, maryland

    November 7, 2008 at 6:12 pm |
  209. Mike Yardley Pa

    The auto industry looks poised to be the next sector to take a major hit. How about the Gov't not only bail out GM, but allow tax breaks for those who buy american cars. Possibly even subsidise the cost of a new vehicle. This could not only help the auto workers, but ignite some spending. I would buy a new car if the govertmant made it worth my while

    November 7, 2008 at 6:19 pm |
  210. Joe - Chicago, IL

    I think the best way president elect Obama can create jobs will be to invest heavilly in the country's infrastructure. That will provide immediet quaity jobs for people of all skill and education levels as the actual pllaning and construction happens. And down the road, the new infrastructure will allow new entreprenuers to create enterprises that will employee American workers.

    November 7, 2008 at 6:20 pm |
  211. Lynn Rafdal

    Bring our jobs home! Start with outsourcing and turn the tide back to America! Find a way to incent our corporatiions to use American employees to do the work the Indians and Chinese have been doing.
    If you use tax incentives, you have accomplished two things, lowered America's corporate taxes and increased American jobs. Go for it!

    Lynn Rafdal
    Alpharetta, GA

    November 7, 2008 at 6:21 pm |
  212. Micah Miller of Canton OH

    Can the Obama Admin help? No it can't. As much as many of us hate it, we still have the Bush Administration in charge. But if Bush is willing to thin his skull a little bit, maybe they could roll out another stimulus package just in time for the biggest retail spending time of the year. A Christmas bonus for the American people. How about that?

    Failing that, all Obama can do is try and restore confidence in the market and convince people that he will hit the ground running in January...

    November 7, 2008 at 6:21 pm |
  213. Carrie

    Have the inauguration next week...

    November 7, 2008 at 6:21 pm |
  214. Madjid

    Build Confidence

    November 7, 2008 at 6:22 pm |
  215. dolores

    If you mean right now, he can't do much. We only have one president at a time. He needs to get his team ready so when January rolls around, he can start to get the country back to work. It would be great if we followed the model of the WPA years ago – there's plenty of work to be done in creating a new green energy infrastructure, and plenty of people to do it! Sounds like a good match to me.

    November 7, 2008 at 6:23 pm |
  216. Carmen

    Easy, Jack...send the Bushes home early. Bush has shown no loeadership during this crisis. Every time he talks, the markets go down. Obama is ready to lead so let's get out of his way and let him start rebuilding this country early.

    November 7, 2008 at 6:23 pm |
  217. Eric Bracke

    The Federal Government has never created a job (other than a government job), the private sector does. The Fed's can create an environment of less taxes on business so they can reinvest and expand.
    Another Pelosi/Reid/Bush rescue package is a joke. They need to get tax dollars out to the local governments and then to the private sector for rebuilding roads, bridges, power grids, communication lines, etc......

    November 7, 2008 at 6:24 pm |
  218. cyndy from New York

    what initially looked like a great advantage to companies outsourcing work to foreign countries for cheap labor has backfired on us and the money spent to help their economy has been taken from our people which suppressed our own economy. now our people have no jobs, no money to spend which has put those same companies in a weakened economy that can only be strengthened by spending our own dollars here in our own country. cut off the foreign labor, re-employ our Americans so we can stimulate our economy.

    November 7, 2008 at 6:25 pm |
  219. Michael

    Send all H1-B workers home where unemployed Americans have the necessary skill sets.

    November 7, 2008 at 6:25 pm |
  220. Sam Minneapolis, MN

    Well as President Elect there is not much he can do, besides working with the current administration and making sure he has input in that administrations decisions. Once he is sworn into office he can start real change.

    November 7, 2008 at 6:26 pm |
  221. Richard M. French

    Simple. Stop outsourcing and limit immigration.

    November 7, 2008 at 6:28 pm |
  222. Austin B.

    Pretty much all Obama has to do is think about what Bush would have done to fix things, do the opposite and then go ten times further

    November 7, 2008 at 6:28 pm |
  223. Carl in Martinsburg,WV

    Increase and create new jobs by taking punitive actions against companies that OUTSOURCE their operations to 3rd world countries for profitering. Reward companies with tax incentives that maintain payrolls only in the USA!

    November 7, 2008 at 6:29 pm |
  224. April from South Carolina

    I believe Obama can begin his transistion with assistance from the transistion team. Utilizing them to translate his future goals will more than prepare the new team for the upcoming hill. I also believe that the transisiton can play a major role in slowing this job crisis by beginning the transisition before Jan. 20, 2009, with influence from the new team, & G.Bush of course.

    November 7, 2008 at 6:30 pm |
  225. BATOUMBADE

    More than 70 days for Obama to take office, there is nothing he can do. But if George Bush could accept taking vacation for the rest of 74 days remaning and move to the green zone in IRAQ, Obama and his group could move in and start working on the economy.

    November 7, 2008 at 6:32 pm |
  226. Larry Trevillion

    First of all the President Obama should encourage Congress to create a new federal agency whose soul purpose is to provide the easy short term credit which banks continue to refuse to provide. Also, penalties should be imposed on companies which outsource any job. There should NO BAILOUT funds provided to any business which lays off employees for the next two years.

    November 7, 2008 at 6:32 pm |
  227. Michelle Webster

    Obama can set bill and policy to penalize small or large corporations that send jobs overseas and give tax breaks to small (especially sole proprietorship, partnerships, LLCs) and large corporations that create jobs, keep existing jobs and expand.

    November 7, 2008 at 6:34 pm |
  228. Clay, in Newly Blue VA

    We need a jobs, if necessary government jobs, much like the new deal. Jobs make people willing to spend, not one time rebates. People need the gift that keeps giving,

    November 7, 2008 at 6:35 pm |
  229. Art James from Detroit

    I know he doesn't want to hear this, but cutting business taxes could help.

    Then, let's create some new jobs with an energy project. Can you say Pickens Plan?

    November 7, 2008 at 6:36 pm |
  230. JEAN DUMAS

    Simple, very simple, just kick Bush out now. We need our new Pres. to start leading now. Not next month, not after January the 20th, we need actions now because by January the 20th, the jobless can be a disaster.

    November 7, 2008 at 6:36 pm |