Ya want to see Jobs come back and Job Growth - Quit sending American Jobs to MEXICO and CHINA,,, and Quit buying this CHINESE and MEXICAN Junk their shipping over here to us,,, all everybody is doing is helping to eventually put yourself, your Neighbor and your Community out of Work by doing this !! Its Way past time for everybody to Wake up, and that goes for those Corporate Morons that sit in their Corporate offices too, and quit Pandering to those on Wall Street,, the time is NOW !!!
and this is the problem, isn't it ? you can make the statement that we are recovering, but as long as you have hundreds of thousands of people who are still looking for work, how real is that recovery ?
i personally do not believe we have seen the bottom yet ---- almost daily i encounter someone who has been recently laid off, or had their hours reduced.
More smoke and mirrors to take our eye of the truth. The JERK said the stimulus would create 3/4 million jobs. Then the JERK said the stimulus would save 1.5 million jobs. Now the JERK has these cronies come out with new math that said the jobs will start in 2010. Wow, just in time for the midterm elections. Hold on to your hats and wallets folks. Better buy a high pair of boots, because th $hit is rising.
while discount retailers such as walmart and the dollar store seem to be doing ok, many small store owners such as myself are still seeing very lackluster sales figures. while people are spending better than they were, there still seems to be an overall reluctance to spend money on anything that isn't a necessity.
I don't see it as reluctance, ronpal. I know in my case there just isn't much disposable income. No raises this year for me or my spouse. I know we get told that the cost of living isn't rising, but I think that's just bunk--certainly our health insurance premium continues its baffling yearly climb.
Even if we wanted to, we can't use our home equity line of credit anymore because the value of our house has fallen.
I think there are a lot of Americans in similar situations--flat or falling wages (or NO wages), while expenses continue to rise.
But hey, Goldman Sachs is making money hand over fist. The banks and financial institutions want to pay "guaranteed bonuses", an oxymoron if ever there was one, to people whose only talent is to manipulate spreadsheets. So everything's all better.
Aside from the pointless idiocy in bold spewed by the Ranger, only obvious comments have been made. Naturally the job numbers will improve in 2010 - they're politicians! It absolutely does not matter whether the "JERK," as Vegas persist in calling Obama is in the White House, or not. Otherwise we would have had the economically ignorant McCain & totally ignorant ''Whalin' Palin" leading the disaster.
ron also states the obvious, but fails to take his observation one final step. ". . . there still seems to be an overall reluctance to spend money on anything that isn't a necessity." O.K, then what can you sell that is a necessity? Duh.
it's not exactly easy to switch over from what you're selling when you operate a gift shop ---- and the necessity items are already being sold by the mass market retailers such as walmart and the dollar store. your comment makes the assumption i have the financial wherewithall to buy additional inventory. be nice to get a handout from the govt like some businesses are getting.
I don't mean to be presumptious, but in business, there are no handouts. yeah, the government is propping up some dying businesses, with your tax money, but the small-timer is not connected enough to qualify for your largess. Before you opened your business, you had to ask yourself the questions that you face today. That you did not is why you have those questions now.
before the you know what hit the fan, i was doing just fine with the type of inventory i chose, expanding to selling in 4 locations. i have purposely avoided selling the type of items you can find at places like walmart. a big chunk of my sales has been to tourists, who get their 'necessities' back home ---- why would they bother to buy those items from me even if i carried them ? i chose to sell items that are relatively unique. i still make sales, but not as many, and when people do buy, the tendency is to choose the lesser expensive item even tho i can tell they'd really like the other item if they had the funds.
i feel grateful that i haven't had to lay off any employees yet, but depending on the outcome of some of these new govt programs, i might not have any choice. my employees are like family to me --- i hate the thought of having to choose who stays and who leaves.
and just in case you think i'm keeping most of the profit for myself ----- in the past 12 months, each of my employees has made more than me. most months i've had difficulties paying my own utilities.
Actually it's not for as long as long as Wall Street, corporations and their big investors are making money, the media and DC will go along with the scam and say we are in recovery! All this boils down to the fact that if the top 1% is doing fine then America is doing fine irrespective of everything else. But things will not change as there are many in this nation and on this site who think things will change if we just elect "the other party" the next time around! LOL! It's like choosing between a Hitler and a Stalin!
Economists who work on behalf of corporations and Wall Street (including the academic sellouts) have defined recovery that way. If it was defined to include unemployment, the American people might realize that our economy has been in an almost constant recession since the turn of the 20th century.
Actually it's not for as long as long as Wall Street, corporations and their big investors are making money,
There's the problem. As long as big business is profitable, then everything is Okey-Dokey. As long as millionaires are making millions, campaign coffers are full, campaign contributions are coming in, and lobbyists are paying for "fact finding missions" to golf resorts in Hawaii, then recovery is well under way.
This administration is no different from the last administration. They've just been bought and paid for by different industries.
Finance and Banking own the government now, instead of Oil and Defense.
Borrowers didn't repay loans, so why should lenders pretend that nothing changed and continue to make credit available? "Oh, we lent lots of money and it wasn't repaid. Hey, let's do that again!" Duh. So don't expect economic recovery and increased hiring to be fueled by ready credit, even with Uncle Ben running the money presses overtime.
The author of this article is exemplifying the sad state of mathematics in this country. There was no "math" presented in this article at all and I ended up reading a bunch of meaningless maybes.
The math is smoke plus mirrors equals basic lies! The monthly job reports are nothing but a pack of lies to boost Wall St. These so call jobs are mostly temp jobs that are very low paying that have no health benefits, vacations, or 401's. So the next time you think that this country is creating a lot good jobs, think again. If you truly think the system is working, ask someone who isn't!
Many people are either barely getting by on unemployment and their savings or falling further behind on that combination. Soon one or the other will be exhausted. If not both. Both of mine did before I got a decent job. If they get a job paying only half of what they were making it will only hold the wolf at bay a short time. Those jobs are almost impossible to get now. More foreclosures are on their way. Less money in peoples hands will create more unemployment. This is not going to be a straight line fall but will level off before falling again or falling more slowly at times. This is not over by a long shot. When it is the REAL unemployment rate may not start to recover for about 15 months or more.
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In Washington, 2+2=5 !!! But the rest of add the "Old School" way and we KNOW BETTER !! they have DISMANTLED a large "Fraction" of the Job Economy that Probably will NEVER COME BACK---And for those STILL WORKING??? Give Backs & Lose your job!!!!! IMHO, The "Good Old Days" of ever rising Prosperity are gone FOREVER !!! The Big Corporations & Banks should be tried with 1st Degree Murder for Stabbing Americans in the Back!!!!!!!!!!!
Why there will be loads of industries! Don't you remember a "gentleman" named Greg Mankiw who was chairman of the Council of Economic Advisors? He's now back at Harvard, that bastion of Free-for-all-Trade. During his tenure as advisor to Jackass Junior from 2003 to 2005 he made a few boo boos.
Here are some of his "Great" insights:
Controversy
Benefits of outsourcing
Several controversies arose from CEA's February 2004 Economic Report of the President. In a press conference, Mankiw spoke of the gains from free trade, noting that outsourcing of jobs by U.S. companies is "probably a plus for the economy in the long run. While this reflected mainstream economic analysis, it was criticized by many people who drew a link between outsourcing and the still-slow recovery of the U.S. labor market in early 2004. The White House economic forecast contained in the report was criticized for being overly optimistic about job gains--and indeed, job growth turned out to be slower than the Administration forecast.
Service versus manufacturing
Controversy also arose from a rhetorical question posed by the report (and repeated by Mankiw in a speech about the report): "when a fast-food restaurant sells a hamburger, is it providing a service or combining inputs to manufacture a product?" The intended point was that the distinction between manufacturing and service industry is somewhat arbitrary and therefore a poor basis for policy. Even though the issue was not raised in the report, a news account led to criticism that the Administration was seeking to cover up job losses in manufacturing by redefining jobs such as flipping hamburgers as manufacturing.
People like this are whores for the richest of us, though I no longer consider the richest of us as Americans since they have no sense of country and culture and what it all really means. Harvard is typical in that the best named universities cater to the desires of that elite which has no dedication to anything except money and power. The new world has harkened in a group of people whose dreams of empire go well beyond those even of a maniac like Hilter!
Health care definitely. Regardless of the health bill there is more work there as the population ages.
"Green" jobs maybe. Well there will be some but probably not large or soon. That may be more of a long term shift.
The article mentions 127,000 jobs a month to cover population growth but. The under 25 part of the workforce was the slowest growing. 25-44 was mostly shrinking. 44+ was growing.
So rather than what jobs it might be better to ask who. People who have been in the workforce for a long time. Also the number of births fell off after 1990. These people from 1990 have been waiting to come in and/or will be coming in after college. There will be workers available for both ends but not the middle.
Within 5 years 44+ will start to shrink. We may enter a brief 5 to 10 year period where the entire workforce shrinks slightly before growing again.
there will be more jobs when the next bubble is created. thats how our economy works anyway. Ever since Ronald Mcdonald Reagan started disaamebling the goverment all we have are phony upswings in the economy. We really don't produce anything in this country except fat people.
We face two fundamental problems in our economy. The first problem has been growing for more than 40 years now. We are not creating enough wealth internally within our economy to sustain our lifestyle. Rather than adapt to that issue and reduce our quality of life though, everyone from the individual to corporations to state government and on to the federal government chooses to instead build debt on a massive scale. And when that isn't enough, we choose to overvalue our assets, such as stock in the 1990s and real estate in the 2000s, to permit even larger borrowing.
The second problems comes about when the first problems creates a crisis that causes the wealth that does exist to stop circulating. That is when you get a recession - when people stop spending money.
Unfortunately, we don't hire smart people to solve these problems. Instead we elect rich and opiniated people to squabble over them. So the best we can ever hope for is a mediocre solution, usually to the pressing issues and never to the fundamental ones.
The stimulus programs that have all been put in place are designed to get money flowing again. This ensure that tax revenue flows in and that the economic numbers again look decent.
However, nothing is being done to solve the fundamental problem - we aren't creating enough wealth to sustain our lifestyle. The solution to this problem is to bring manufacturing back into this country, to ensure that new digital intellectual property is correctly represented as wealth (open source free software, piracy, etc. are all ways in which we collectively negate the value to our economy of new technologies), and to ensure that we have robust and strong corporations rather than the gigantic weaklings we allow to form because our government is overly influenced by lobbyists and the manner in which they bribe to get favors. Unfortunately, none of this will ever be addressed :(
The "Classic" American Standard of living of continually rising Economic Expectations is in the long run---UNSUSTAINABLE !!!!! Americans had better Deny their Denial & Start ADAPTING to the NEW REALITIES of a LOWERED STANDARD of LIVING---I'm afraid it's going to be PERMANENT !!!!!!!!! Oh by the way, A Brilliant Analysis GCV(above#19)
Blah, blah, blah. I've said this a zillion times. The game is over. Let me use this very simple analogy: If you kick a dog hard enough many time's, he will do one of two thing's. Cower and become deathly afraid of you, and the dog will not be your best friend and he will not look to you as his master. Bad situation. Or, he will bite the @!$%# out of you. Another bad and unhealthy situation. I believe that America has @!$%# on the people real hard this time, and will not be able to recover from all of her mis-steps. The chicken is coming home to roost yall', so git' ready.
Holy s — — t ! How many times can they dance around the only relevant question: what happens to the 10% (conservative number) of the unemployed population that cannot find a job ? Right now it seems the govt and media is sympathetic and everyone is looking for a way to help.
My guess, or more a prediction, is that at some point the compassion will disappear and the unemployed will be held responsible for their own plight. Hey other people managed a way to find a job, why can't you ?- or something to that effect. Lack of initiative...not trying hard enough...and so on.
Of course the problem will be the resulting poverty and homelessness, how will the country deal with that ? And on a different but related note, you do realize that most of the home foreclosures are being purchased by wealthy investors at bargain basement prices to be sold at a later time for profit. For any history buffs out there this should be somehwhat reminiscient of post civil war reconstruction and carpetbaggers.
We call this on the road to recovery ................?
Is this reporter part of Obama's team? How can you say the economy is recovering when people are still getting laid off? And most of all, how many companies are sending jobs overseas because of Obama's failed stimulus plan? Steal from the rich and the rich will move away, just like the jobs they offer.
This is the payday for 30 years of moving jobs out of the country. What we are going through is the death of the middle class, they are shifting to low wage no benefit jobs, no wonder national health care is becoming such a hot button for the people at the top...most will not have a choice in the next 10 years. Unless company's are forced to return jobs to this country we are looking at our future.
We could create some jobs by vastly increasing the Border Patrol and the number of ICE agents.
The illegal aliens they catch would increase the numbers involved in detension and deportation activities -- therefore creating jobs.
The jobs that are left vacant because illegal alien work thieves are not doing them would be freed up for American workers. Americans did these jobs before the invaders came into depress wages and often make a foreign language necessary to join a work group.
All of that is so obvious. But the experts here only refer to the need to have created new jobs because of unending immigration. I wonder if they meant legal or illegal entrants to the nation? It all gets so confusing because political correctness insists on blending these two groups and acting as if they were the same. Which they are not.
And before you put some more wear on the race card by whipping it out -- deport the white illegal alien job thieves first -- Polish, Ukranian, British, Irish, etc. -- I don't care who goes first as long as they all go and free up jobs for an American.
From the sound of the article private industry and private lending isn't going to create the jobs that are needed to replace those that have been lost and create those that are needed to accommodate a growing population for at least five years. Maybe it is time for another model.
If lender's don't lend, stop bailing them out and create a national bank. If jobs don't get created in the private sector, create them in the public sector. Who says energy companies need to be private? The federal government has the resources needed to create the jobs. Stop waiting around for private industry to do it, and stop spending money on private financial institutions when the money can be better spent elsewhere.
I love how the Liberals hit on Reegan. He inherited a total mess from Carter who was the worst President yet, and the country soared under his guidance. I guess the Libbies rely on someone handing them a job rather than start their own company .
People think Obama is so intelligent which makes me laugh. He is a gifted speaker but his words are hollow. Obama chose to go Big Government and spend, spend, spend, and now people hate the banks because he handed over billions to them . He passes Credit Card legislation and the Banks all immediately raise their credit card rates. And my credit score is over 800 so I am not getting hit like many people. FDR proved Big Government and Big Spending was NOT the answer, even his Treasury Secretary admiited as much publicly ( Morganthau ) .
Reegan proved the opposite and it is a fact. But LIberals hate facts , they are all ideals.
Global Warming is a myth,, scientifically rejected, there is zero data to indicate the world is warming, in fact it was warmer in 1997 than it is now,, also fact. But Obama spins Cap & Trade that flopped big time in Spain .
No lobbyists,,, no Cabinet has ever even approached the lobbyists Obama has .
Czars,, up to 44 and now 4 registered Socialists in the group .
I am going to lead a Bi Partisan movement - not with Pelosi and Reid running Congress.
" No pork in My ADministration " - Omnibus had 9000 pork project . both parties.
We are cleaning up your mess , but are tired of listening to your yelling "-- In July 2009 there were over 126.000 bankruptcies filed,, a record,,, am not putting that on Obama but I doubt we are even near a recovery . Who was Obama talking to anyways ?
"We are in a crisis and if we don't pass Stimulus immediately ,, employment will reach 8% ." The real number is a lot closer to 10 % than the 9.4 % they published last month as the Feds hire a ton of summer workers as interns to balance out the normal auto maker shutdowns from the past,,, plus this year they dropped off over 100,000 people whose uemployment rights expired.
No one who is reasonable or even semi intelligent can expect Obama to correct all the issues in 6 months or even 1 year. But when the Democrats just set a National Debt Limit in April of $12.1 Trillion and our esteemed Treasury Secretary is today urgently requesting a raise due to Interest on the Debt to other nations running $200 Billion a month ,, The Government runs out of money in October and Congress will be forced to raise the debt limit again ,, and not for the last time.
We as a country are at a critical time . Only someone inexperienced or misguided would fail to follow Reegan's actions or this thing is going to get much, much worse very quickly. The economy is a lot more critical issue than politics because both parties are to blame .
The Federal Government is no different than a business. They rely on tax revenue for spending funds. The only solution for all parties is to take bold , decisive action through Tax Incentives to citizens and businesses to spur investment, and also foreign investment . It has been proven twice in the past during the 1920s and the 1980s. As George Santayana wrote so beautifully " Those who are condemned to forget the lessons of the past, will repeat them in the future " . If private industry is the only group that can turn things around, it makes sense to incentize them to do so.
We gave the "Rich" Tax Breaks for "Capital Investment into the Economy"--- What did they do with that?? Gave themselves Obscene Bonuses & Kept the Change while Outsourcing American jobs to Slave labor nations like China. There's not much more American workers can take while we're being transformed into the "Working Poor"--WHERE will Big Business SELL their Products after DESTROYING the American CONSUMER BASE ??????!!!!!!!!!!!!!!!!!!
Ya want to see Jobs come back and Job Growth - Quit sending American Jobs to MEXICO and CHINA,,, and Quit buying this CHINESE and MEXICAN Junk their shipping over here to us,,, all everybody is doing is helping to eventually put yourself, your Neighbor and your Community out of Work by doing this !! Its Way past time for everybody to Wake up, and that goes for those Corporate Morons that sit in their Corporate offices too, and quit Pandering to those on Wall Street,, the time is NOW !!!
and this is the problem, isn't it ? you can make the statement that we are recovering, but as long as you have hundreds of thousands of people who are still looking for work, how real is that recovery ?
i personally do not believe we have seen the bottom yet ---- almost daily i encounter someone who has been recently laid off, or had their hours reduced.
More smoke and mirrors to take our eye of the truth. The JERK said the stimulus would create 3/4 million jobs. Then the JERK said the stimulus would save 1.5 million jobs. Now the JERK has these cronies come out with new math that said the jobs will start in 2010. Wow, just in time for the midterm elections. Hold on to your hats and wallets folks. Better buy a high pair of boots, because th $hit is rising.
while discount retailers such as walmart and the dollar store seem to be doing ok, many small store owners such as myself are still seeing very lackluster sales figures. while people are spending better than they were, there still seems to be an overall reluctance to spend money on anything that isn't a necessity.
I don't see it as reluctance, ronpal. I know in my case there just isn't much disposable income. No raises this year for me or my spouse. I know we get told that the cost of living isn't rising, but I think that's just bunk--certainly our health insurance premium continues its baffling yearly climb.
Even if we wanted to, we can't use our home equity line of credit anymore because the value of our house has fallen.
I think there are a lot of Americans in similar situations--flat or falling wages (or NO wages), while expenses continue to rise.
But hey, Goldman Sachs is making money hand over fist. The banks and financial institutions want to pay "guaranteed bonuses", an oxymoron if ever there was one, to people whose only talent is to manipulate spreadsheets. So everything's all better.
NO JOBS, NO RECOVERY
Aside from the pointless idiocy in bold spewed by the Ranger, only obvious comments have been made. Naturally the job numbers will improve in 2010 - they're politicians! It absolutely does not matter whether the "JERK," as Vegas persist in calling Obama is in the White House, or not. Otherwise we would have had the economically ignorant McCain & totally ignorant ''Whalin' Palin" leading the disaster.
ron also states the obvious, but fails to take his observation one final step. ". . . there still seems to be an overall reluctance to spend money on anything that isn't a necessity." O.K, then what can you sell that is a necessity? Duh.
it's not exactly easy to switch over from what you're selling when you operate a gift shop ---- and the necessity items are already being sold by the mass market retailers such as walmart and the dollar store. your comment makes the assumption i have the financial wherewithall to buy additional inventory. be nice to get a handout from the govt like some businesses are getting.
I don't mean to be presumptious, but in business, there are no handouts. yeah, the government is propping up some dying businesses, with your tax money, but the small-timer is not connected enough to qualify for your largess. Before you opened your business, you had to ask yourself the questions that you face today. That you did not is why you have those questions now.
before the you know what hit the fan, i was doing just fine with the type of inventory i chose, expanding to selling in 4 locations. i have purposely avoided selling the type of items you can find at places like walmart. a big chunk of my sales has been to tourists, who get their 'necessities' back home ---- why would they bother to buy those items from me even if i carried them ? i chose to sell items that are relatively unique. i still make sales, but not as many, and when people do buy, the tendency is to choose the lesser expensive item even tho i can tell they'd really like the other item if they had the funds.
i feel grateful that i haven't had to lay off any employees yet, but depending on the outcome of some of these new govt programs, i might not have any choice. my employees are like family to me --- i hate the thought of having to choose who stays and who leaves.
and just in case you think i'm keeping most of the profit for myself ----- in the past 12 months, each of my employees has made more than me. most months i've had difficulties paying my own utilities.
Jobless recovery is an oxymoron.
proamerica
Actually it's not for as long as long as Wall Street, corporations and their big investors are making money, the media and DC will go along with the scam and say we are in recovery! All this boils down to the fact that if the top 1% is doing fine then America is doing fine irrespective of everything else. But things will not change as there are many in this nation and on this site who think things will change if we just elect "the other party" the next time around! LOL! It's like choosing between a Hitler and a Stalin!
Economists who work on behalf of corporations and Wall Street (including the academic sellouts) have defined recovery that way. If it was defined to include unemployment, the American people might realize that our economy has been in an almost constant recession since the turn of the 20th century.
There's the problem. As long as big business is profitable, then everything is Okey-Dokey. As long as millionaires are making millions, campaign coffers are full, campaign contributions are coming in, and lobbyists are paying for "fact finding missions" to golf resorts in Hawaii, then recovery is well under way.
This administration is no different from the last administration. They've just been bought and paid for by different industries.
Finance and Banking own the government now, instead of Oil and Defense.
Borrowers didn't repay loans, so why should lenders pretend that nothing changed and continue to make credit available? "Oh, we lent lots of money and it wasn't repaid. Hey, let's do that again!" Duh. So don't expect economic recovery and increased hiring to be fueled by ready credit, even with Uncle Ben running the money presses overtime.
The author of this article is exemplifying the sad state of mathematics in this country. There was no "math" presented in this article at all and I ended up reading a bunch of meaningless maybes.
There is no such thing as a "jobless recovery"! It is not a recovery until jobs are being created.
CommonSense
Wrong as the top 1% says it's a recovery when they're doing well. No one else counts.
The math is smoke plus mirrors equals basic lies! The monthly job reports are nothing but a pack of lies to boost Wall St. These so call jobs are mostly temp jobs that are very low paying that have no health benefits, vacations, or 401's. So the next time you think that this country is creating a lot good jobs, think again. If you truly think the system is working, ask someone who isn't!
Figures don't lie.
But Liars do FIGURE.
Many people are either barely getting by on unemployment and their savings or falling further behind on that combination. Soon one or the other will be exhausted. If not both. Both of mine did before I got a decent job. If they get a job paying only half of what they were making it will only hold the wolf at bay a short time. Those jobs are almost impossible to get now. More foreclosures are on their way. Less money in peoples hands will create more unemployment. This is not going to be a straight line fall but will level off before falling again or falling more slowly at times. This is not over by a long shot. When it is the REAL unemployment rate may not start to recover for about 15 months or more.
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In Washington, 2+2=5 !!! But the rest of add the "Old School" way and we KNOW BETTER !! they have DISMANTLED a large "Fraction" of the Job Economy that Probably will NEVER COME BACK---And for those STILL WORKING??? Give Backs & Lose your job!!!!! IMHO, The "Good Old Days" of ever rising Prosperity are gone FOREVER !!! The Big Corporations & Banks should be tried with 1st Degree Murder for Stabbing Americans in the Back!!!!!!!!!!!
In what industries will the new jobs be?
Doug
Why there will be loads of industries! Don't you remember a "gentleman" named Greg Mankiw who was chairman of the Council of Economic Advisors? He's now back at Harvard, that bastion of Free-for-all-Trade. During his tenure as advisor to Jackass Junior from 2003 to 2005 he made a few boo boos.
Here are some of his "Great" insights:
Controversy
Benefits of outsourcing
Several controversies arose from CEA's February 2004 Economic Report of the President. In a press conference, Mankiw spoke of the gains from free trade, noting that outsourcing of jobs by U.S. companies is "probably a plus for the economy in the long run. While this reflected mainstream economic analysis, it was criticized by many people who drew a link between outsourcing and the still-slow recovery of the U.S. labor market in early 2004. The White House economic forecast contained in the report was criticized for being overly optimistic about job gains--and indeed, job growth turned out to be slower than the Administration forecast.
Service versus manufacturing
Controversy also arose from a rhetorical question posed by the report (and repeated by Mankiw in a speech about the report): "when a fast-food restaurant sells a hamburger, is it providing a service or combining inputs to manufacture a product?" The intended point was that the distinction between manufacturing and service industry is somewhat arbitrary and therefore a poor basis for policy. Even though the issue was not raised in the report, a news account led to criticism that the Administration was seeking to cover up job losses in manufacturing by redefining jobs such as flipping hamburgers as manufacturing.
http://www.reference.com/browse/Gregory+Mankiw
People like this are whores for the richest of us, though I no longer consider the richest of us as Americans since they have no sense of country and culture and what it all really means. Harvard is typical in that the best named universities cater to the desires of that elite which has no dedication to anything except money and power. The new world has harkened in a group of people whose dreams of empire go well beyond those even of a maniac like Hilter!
Health care definitely. Regardless of the health bill there is more work there as the population ages.
"Green" jobs maybe. Well there will be some but probably not large or soon. That may be more of a long term shift.
The article mentions 127,000 jobs a month to cover population growth but. The under 25 part of the workforce was the slowest growing. 25-44 was mostly shrinking. 44+ was growing.
So rather than what jobs it might be better to ask who. People who have been in the workforce for a long time. Also the number of births fell off after 1990. These people from 1990 have been waiting to come in and/or will be coming in after college. There will be workers available for both ends but not the middle.
Within 5 years 44+ will start to shrink. We may enter a brief 5 to 10 year period where the entire workforce shrinks slightly before growing again.
there will be more jobs when the next bubble is created. thats how our economy works anyway. Ever since Ronald Mcdonald Reagan started disaamebling the goverment all we have are phony upswings in the economy. We really don't produce anything in this country except fat people.
I was making $19.00 per hour and now make $9.00. Whoppeee . . .
We face two fundamental problems in our economy. The first problem has been growing for more than 40 years now. We are not creating enough wealth internally within our economy to sustain our lifestyle. Rather than adapt to that issue and reduce our quality of life though, everyone from the individual to corporations to state government and on to the federal government chooses to instead build debt on a massive scale. And when that isn't enough, we choose to overvalue our assets, such as stock in the 1990s and real estate in the 2000s, to permit even larger borrowing.
The second problems comes about when the first problems creates a crisis that causes the wealth that does exist to stop circulating. That is when you get a recession - when people stop spending money.
Unfortunately, we don't hire smart people to solve these problems. Instead we elect rich and opiniated people to squabble over them. So the best we can ever hope for is a mediocre solution, usually to the pressing issues and never to the fundamental ones.
The stimulus programs that have all been put in place are designed to get money flowing again. This ensure that tax revenue flows in and that the economic numbers again look decent.
However, nothing is being done to solve the fundamental problem - we aren't creating enough wealth to sustain our lifestyle. The solution to this problem is to bring manufacturing back into this country, to ensure that new digital intellectual property is correctly represented as wealth (open source free software, piracy, etc. are all ways in which we collectively negate the value to our economy of new technologies), and to ensure that we have robust and strong corporations rather than the gigantic weaklings we allow to form because our government is overly influenced by lobbyists and the manner in which they bribe to get favors. Unfortunately, none of this will ever be addressed :(
The "Classic" American Standard of living of continually rising Economic Expectations is in the long run---UNSUSTAINABLE !!!!! Americans had better Deny their Denial & Start ADAPTING to the NEW REALITIES of a LOWERED STANDARD of LIVING---I'm afraid it's going to be PERMANENT !!!!!!!!! Oh by the way, A Brilliant Analysis GCV(above#19)
Blah, blah, blah. I've said this a zillion times. The game is over. Let me use this very simple analogy: If you kick a dog hard enough many time's, he will do one of two thing's. Cower and become deathly afraid of you, and the dog will not be your best friend and he will not look to you as his master. Bad situation. Or, he will bite the @!$%# out of you. Another bad and unhealthy situation. I believe that America has @!$%# on the people real hard this time, and will not be able to recover from all of her mis-steps. The chicken is coming home to roost yall', so git' ready.
Not a good example . . .
Holy s — — t ! How many times can they dance around the only relevant question: what happens to the 10% (conservative number) of the unemployed population that cannot find a job ? Right now it seems the govt and media is sympathetic and everyone is looking for a way to help.
My guess, or more a prediction, is that at some point the compassion will disappear and the unemployed will be held responsible for their own plight. Hey other people managed a way to find a job, why can't you ?- or something to that effect. Lack of initiative...not trying hard enough...and so on.
Of course the problem will be the resulting poverty and homelessness, how will the country deal with that ? And on a different but related note, you do realize that most of the home foreclosures are being purchased by wealthy investors at bargain basement prices to be sold at a later time for profit. For any history buffs out there this should be somehwhat reminiscient of post civil war reconstruction and carpetbaggers.
We call this on the road to recovery ................?
Is this reporter part of Obama's team? How can you say the economy is recovering when people are still getting laid off? And most of all, how many companies are sending jobs overseas because of Obama's failed stimulus plan? Steal from the rich and the rich will move away, just like the jobs they offer.
This is the payday for 30 years of moving jobs out of the country. What we are going through is the death of the middle class, they are shifting to low wage no benefit jobs, no wonder national health care is becoming such a hot button for the people at the top...most will not have a choice in the next 10 years. Unless company's are forced to return jobs to this country we are looking at our future.
We could create some jobs by vastly increasing the Border Patrol and the number of ICE agents.
The illegal aliens they catch would increase the numbers involved in detension and deportation activities -- therefore creating jobs.
The jobs that are left vacant because illegal alien work thieves are not doing them would be freed up for American workers. Americans did these jobs before the invaders came into depress wages and often make a foreign language necessary to join a work group.
All of that is so obvious. But the experts here only refer to the need to have created new jobs because of unending immigration. I wonder if they meant legal or illegal entrants to the nation? It all gets so confusing because political correctness insists on blending these two groups and acting as if they were the same. Which they are not.
And before you put some more wear on the race card by whipping it out -- deport the white illegal alien job thieves first -- Polish, Ukranian, British, Irish, etc. -- I don't care who goes first as long as they all go and free up jobs for an American.
From the sound of the article private industry and private lending isn't going to create the jobs that are needed to replace those that have been lost and create those that are needed to accommodate a growing population for at least five years. Maybe it is time for another model.
If lender's don't lend, stop bailing them out and create a national bank. If jobs don't get created in the private sector, create them in the public sector. Who says energy companies need to be private? The federal government has the resources needed to create the jobs. Stop waiting around for private industry to do it, and stop spending money on private financial institutions when the money can be better spent elsewhere.
....you know by saying that you are a liberal commie bastard - lol!!!
But some agree that putting our faith in the hands of some greedy business owner is the best way to go.
Private business is not about creating jobs - its about making a profit.
Government works from a budget that only expands if more "personnel" are pulled in....so which one are you for again people?
I love how the Liberals hit on Reegan. He inherited a total mess from Carter who was the worst President yet, and the country soared under his guidance. I guess the Libbies rely on someone handing them a job rather than start their own company .
People think Obama is so intelligent which makes me laugh. He is a gifted speaker but his words are hollow. Obama chose to go Big Government and spend, spend, spend, and now people hate the banks because he handed over billions to them . He passes Credit Card legislation and the Banks all immediately raise their credit card rates. And my credit score is over 800 so I am not getting hit like many people. FDR proved Big Government and Big Spending was NOT the answer, even his Treasury Secretary admiited as much publicly ( Morganthau ) .
Reegan proved the opposite and it is a fact. But LIberals hate facts , they are all ideals.
Global Warming is a myth,, scientifically rejected, there is zero data to indicate the world is warming, in fact it was warmer in 1997 than it is now,, also fact. But Obama spins Cap & Trade that flopped big time in Spain .
No lobbyists,,, no Cabinet has ever even approached the lobbyists Obama has .
Czars,, up to 44 and now 4 registered Socialists in the group .
I am going to lead a Bi Partisan movement - not with Pelosi and Reid running Congress.
" No pork in My ADministration " - Omnibus had 9000 pork project . both parties.
We are cleaning up your mess , but are tired of listening to your yelling "-- In July 2009 there were over 126.000 bankruptcies filed,, a record,,, am not putting that on Obama but I doubt we are even near a recovery . Who was Obama talking to anyways ?
"We are in a crisis and if we don't pass Stimulus immediately ,, employment will reach 8% ." The real number is a lot closer to 10 % than the 9.4 % they published last month as the Feds hire a ton of summer workers as interns to balance out the normal auto maker shutdowns from the past,,, plus this year they dropped off over 100,000 people whose uemployment rights expired.
No one who is reasonable or even semi intelligent can expect Obama to correct all the issues in 6 months or even 1 year. But when the Democrats just set a National Debt Limit in April of $12.1 Trillion and our esteemed Treasury Secretary is today urgently requesting a raise due to Interest on the Debt to other nations running $200 Billion a month ,, The Government runs out of money in October and Congress will be forced to raise the debt limit again ,, and not for the last time.
We as a country are at a critical time . Only someone inexperienced or misguided would fail to follow Reegan's actions or this thing is going to get much, much worse very quickly. The economy is a lot more critical issue than politics because both parties are to blame .
The Federal Government is no different than a business. They rely on tax revenue for spending funds. The only solution for all parties is to take bold , decisive action through Tax Incentives to citizens and businesses to spur investment, and also foreign investment . It has been proven twice in the past during the 1920s and the 1980s. As George Santayana wrote so beautifully " Those who are condemned to forget the lessons of the past, will repeat them in the future " . If private industry is the only group that can turn things around, it makes sense to incentize them to do so.
We gave the "Rich" Tax Breaks for "Capital Investment into the Economy"--- What did they do with that?? Gave themselves Obscene Bonuses & Kept the Change while Outsourcing American jobs to Slave labor nations like China. There's not much more American workers can take while we're being transformed into the "Working Poor"--WHERE will Big Business SELL their Products after DESTROYING the American CONSUMER BASE ??????!!!!!!!!!!!!!!!!!!