The economy has lost a net total of 6.5 million jobs since the recession began in December 2007 and Obama said Tuesday he expects the unemployment rate, which is at 9.5 percent, to continue climbing for the next several months.
By Stephen Clark FOXNews.com
He had said before, that unemployment wouldn't rise above 8 percent. Does Obama know what he's doing, because so far he's been wrong about everything that he says.
Yet the president proposed a $12 billion effort Tuesday to help community colleges train some of the 14.7 million unemployed Americans for "the jobs of the future."Obama added, "For even before this recession hit, we were faced with an economy that was simply not creating or sustaining enough new, well-paying jobs."
But some economists believe Obama is training people for failure.
But some economists believe Obama is training people for failure.
"If you train people for the economy of the future and there are no consumers, you're training them for unemployment," said William Beach, an economist and director of the Center for Data Analysis at the Heritage Foundation.
Beach told FOXNews.com he has a problem with generations of politicians announcing programs for the economy of the future.
"I wonder what they know about the future of consumer tastes that I don't know," he said.
Other economists were equally doubtful of the president's proposal.
Beach told FOXNews.com he has a problem with generations of politicians announcing programs for the economy of the future.
"I wonder what they know about the future of consumer tastes that I don't know," he said.
Other economists were equally doubtful of the president's proposal.
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