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Ok, I'll take the bait. Enlighten us. What happened
a decade ago that killed all the jobs ?
"Killed" wouldn't be the appropriate term. After all, you'd expect layoffs during and for a few months following a recession. Ten years ago, one such recession ended on Nov 2001. The jobs just never did but for couple of years of boom, thanks to credit/housing bubble that was bound to bust. And then we lost more private sector jobs than were added in the previous eight. Government jobs did thrive though.
Your question would be worth more, if you had asked: So why did companies feel that they can hire four people in India for the cost of one in the USA?
Quote:
Originally Posted by lifelongMOgal
No, this is Obama's job plan. If you don't like it vote for change.
The US economy lost more than 4 million jobs in 2008, and 8.8 million jobs during the two years in recession. When was the last time such catastrophic loss was seen? Obama wasn't in-charge then, to be in the position to put his job's plan much less show an immediate effect. Besides, I hope you are smart enough to realize that job recovery takes a few months following a recession? After all, you would need that realization to explain why job recovery didn't start in Nov 2001 when that recession ended. But then, you and explaining anything, well that is an alien concept.
Last edited by EinsteinsGhost; 09-21-2011 at 08:19 AM..
Ok, I'll take the bait. Enlighten us. What happened
a decade ago that killed all the jobs ?
Why, that was when W and the repugs decided to destroy workers rights and kill seniors and people of color and citizens of the planet by brainwashing taxpayers into believing Cheney had nothing to do with dynamiting the twin towers of capitalist greed.
The China Trade Act of 2000 was endorsed by President Bill Clinton in an effort to open up the one billion plus Chinese population to U.S. manufacturers and big business.
The gap between U.S. imports from China and what it sold to the country rose to $273.1bn last year (2010), the largest trade imbalance the U.S. has ever recorded with a single country. While U.S. exports to China grew by a third last year to an all-time high of $91.9bn, imports worth $364.9bn travelled in the other direction, an increase of 23.1%. Guardian
President Clinton pleaded with hundreds of business leaders around the country yesterday to lobby Congress to pass the bitterly disputed North American Free Trade Agreement.
Opening the final, two-week crusade to get NAFTA approved by the House on Nov. 17, Clinton spoke at a televised "town hall" meeting sponsored by the U.S. Chamber of Commerce
Thankfully, we had The Bush Tax Cuts to give us this marvelous result.
All this bold talk about "tax cuts create jobs" is pretty hard to back up in view of reality. But then, the GOP gave up on reality awhile back, it appears.
10 years ago we were discussing this as it had happened in Japan. Low interest rates, the push to sell and finance homes to unqualified buyers, banks playing fast and loose with money and companies speculating on profits made from debt. We saw it could happen here and did it ever.
But instead of trying to dig ourselves out we've done nothing but dig ourselves deeper under Obama. We don't learn from our mistakes we just elect new ones.
And that was on top of the job killing measures that NAFTA and China Trade got us. I still remember republicans telling us that those measures actually increased jobs by increasing profits for companies that moved overseas. Yeah, right. Nobody's talking about repealing them even today. And back then all the democrats said was that we needed to do was expand government to get people jobs. The best the democrats can come up with now is to tax more and spend more and borrow more and rebuild infrastructure.
The two parties are led by crooks and idiots. Even Warren Buffet is now on their payroll. Or maybe they're on his. Bring back the jobs and you'll bring back the money to pay down the debt and to pay for public works projects. You won't need to play with the money supply and prop up failing banks and to give sweetheart deals to companies doing business with China.
Although I am of little consequence I have been calling for their defeat and their repeal ever since. What is good for big business and bigger finance is never good for small business or the general population. Big business creates monopolies and big finance puts everyone in debt and then steals any equity left available. The entire scheme is designed to transfer the wealth created by working people into the coffers of the owners.
There are alternatives where the wealth is retained by the creators and the owners only extract what amounts to a small management fee. Most are soon destroyed by monopoly seeking investors that are sometimes the actual government.
Wasn't republicans in charge of congress at that time?
...and I guess Bush was so busy giving tax cuts to his cronies that he did not have time to renegotiate NAFTA.
Funny how those on the right point a finger at Congress when it is controlled by the left, but give Congress no weight when it has a GOP majority.
The bottom line is The Bush Tax Cuts created a pitiful amount of jobs if any and the extension of those cuts that Obama conceded to continue is still not working and if they are...where are the jobs???
No, this is Obama's job plan. If you don't like it vote for change.
last time I checked, a "decade" meant ten years. Wow...I didn't realize that Obama has been POTUS for that long. Time sure flies.
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Just sweep that under the rug.
enlighten us?
