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Employment in the manufacturing industry did indeed drop during the complete 2000's..
In fact it dropped over 5,000,000 jobs, so the 1,000,000 government jobs that were gained, is only 20% of it.. What about the other 80%?
Wait a minute. You said unemployment decreased in the 2000's. Now you seem to be agreeing with the facts.
How many of those manufacturing jobs were eliminated by technology?
How many of those manufacturing jobs were outsourced because it was competitively necessary to do so? No one is willing to pay more so that the U.S. worker can make more and that includes, U.S. people.
Wait a minute. You said unemployment decreased in the 2000's. Now you seem to be agreeing with the facts.
How many of those manufacturing jobs were eliminated by technology?
How many of those manufacturing jobs were outsourced because it was competitively necessary to do so? No one is willing to pay more so that the U.S. worker can make more and that includes, U.S. people.
Unemployment through the bush years fell to almost non existant figures, and that still kep the left wingers whining because there wasnt enough jobs being created.
2000-2010 is generally considered a decade of zero job growth. That's darn remarkable, given the housing bubble and the war.
What specifically did the Bush Admin do to increase employment?
What did the Bush Admin do that the Obama Admin has, thus far, failed to do?
Increasingly, economists agree that we've entered a era where the U.S. will see more frequent recessions and that they will likely occur before recovery from the prior recession.
Private sector innovation is the only meaningful job creator. And as any seasoned venture capitalist knows, you win a few and loose the majority.
If there is a " next big thing" just around the bend, no one knows about it, right now.
Once again, unemployment was so low, that it was considreed a saturation point.
If you wanted more jobs to be created, then tell me who exactly would hold those jobs?
Yes, thats how the unemployment rate dropped, not by giving people welfare and unemployment and then not counting them any longer.
Yes, but as you can see from those charts not every sector recovered. Finance and construction haven't rebounded. IT was already on a downward slope and isn't going to rebound either.
Construction, finance, and government employers pay more and are below peak employment. Retail and hospitality are showing strong growth and don't require much skill, but the wages are 30%-50% lower. There are also alot of people still underwater on their mortgages, so I guess the question would be how do you increase demand for housing or increase the retail and hospitality wages... I'm not sure you can.
Regardless of how one feels about welfare benefits, one cannot deny that it puts a substantial amount of money into the economy and employs people.
Regardless of how one feels about foreign aid, offshore military bases and defense spending, it puts a lot of money into the economy and employs people.
Neither statement is true. Taking money from one person and giving it to another does not put a lot of money into the economy.
Unions and government lifted people into middle -class.
Now that's really funny. Government never lifted anybody into middle class. In fact, it's only been since we have dramatically increased government spending that we have shrunk the middle class.
-Labor Participation is down for 25 to 54 year olds
-Food Stamps is Up
-Government Assistance is Up
-Quantitative Easing Stimulus to Prop the Economy is Up
-Household Income is Down
-Ratio of Full Time jobs in the labor pool is Down
-The 1% have 121% of the income gains
-Average hours worked per American is Down
Repeat after me in your 1992 Al Gore voice...everything that is UP should be DOWN. Everything that is DOWN should be UP.
You really have to shut off your brain to believe we are recovering while all these numbers have gotten worse and we have to increase economic stimulus through a 4 year and counting "recovery."
-Labor Participation is down for 25 to 54 year olds
-Food Stamps is Up
-Government Assistance is Up
-Quantitative Easing Stimulus to Prop the Economy is Up
-Household Income is Down
-Ratio of Full Time jobs in the labor pool is Down
-The 1% have 121% of the income gains
-Average hours worked per American is Down
Repeat after me in your 1992 Al Gore voice...everything that is UP should be DOWN. Everything that is DOWN should be UP.
You really have to shut off your brain to believe we are recovering while all these numbers have gotten worse and we have to increase economic stimulus through a 4 year and counting "recovery."
A little birdie told me that we had the ultimate trifecta (credit crunch, equity crash, housing crash) called the great recession. Maybe the bankers need a little regulation.
The Terminating Bailouts for Taxpayer Fairness act might be a good start, but looking at the money trail it doesn't look promising.
Yes, but as you can see from those charts not every sector recovered. Finance and construction haven't rebounded. IT was already on a downward slope and isn't going to rebound either.
Construction, finance, and government employers pay more and are below peak employment. Retail and hospitality are showing strong growth and don't require much skill, but the wages are 30%-50% lower. There are also alot of people still underwater on their mortgages, so I guess the question would be how do you increase demand for housing or increase the retail and hospitality wages... I'm not sure you can.
But once again, every other president in the history of the country has faced very similar issues.
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